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Record #: O2014-5098   
Type: Ordinance Status: Passed
Intro date: 6/25/2014 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 7/30/2014
Title: Acquisition of property at 11400 S Green St, 11420 S Halsted St (2) and 830 W 115th St for 119th/Halsted Redevelopment Project Area
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Acquisition
Attachments: 1. O2014-5098.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
June 25, 2014









TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request of the Commissioner of Planning and Development, I transmit herewith ordinance authorizing an acquisition of property at Halsted and 115lh Street.

Your favorable consideration of this ordinance will be appreciated.

Mayor

Very truly yours,
ORDINANCE

WHEREAS, the City of Chicago ("City") is a home rule unit of government by virtue of the provisions of the Constitution of the State of Illinois of 1970, and as such, may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, pursuant to ordinances adopted by the City Council of the City of Chicago ("City Council") on February 6, 2002 and published at pages 78512-78658 of the Journal ofthe Proceedings of the City Council ("Journal") for such date, a certain redevelopment plan and project (the "Plan") for the 119,h / Halsted Redevelopment Project Area (the "Area") was approved pursuant lo the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seg.; the "Act"), the Area was designated as a redevelopment project area pursuant to the Act, and tax increment allocation financing was adopted pursuant to the Act as a means of financing certain Area redevelopment project costs (as defined in the Act) incurred pursuant lo the Plan; and

WHEREAS, pursuant to an ordinance adopted by the City Council on April 9, 2003 and published at pages 106129-106248 ofthe Journal of such date, the Plan was amended to replace the 1999 equalized assessed valuation ("EAV") with the 2000 EAV, to conform the Plan to Section 5/11 -74.4-3(n)(F) of the Act and to make other minor changes; and

WHEREAS, pursuant lo ordinances adopted by the City Council on April 30, 2014 and published at pages 78911-79135 of the Journal for such date, a certain redevelopment plan and project (the "Second Amended Pla...

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