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Record #: O2014-5755   
Type: Ordinance Status: Passed
Intro date: 6/25/2014 Current Controlling Legislative Body:
Final action: 7/30/2014
Title: Amendment No. 3 to 95th & Western Tax Increment Financing (TIF) Redevelopment Plan and Project
Sponsors: Emanuel, Rahm
Topic: TAX INCREMENT FINANCING DISTRICTS - 95th/Western T.I.F. - Amendment
Attachments: 1. O2014-5755.pdf
CHICAGO July 30. 2014
To the President and Members of the City Council:
Your Committee on Finance having had under consideration
An ordinance approving Amendment Number 3 to the 95th/Westem Tax Increment Financing Redevelopment Plan and Project.

02014-5755














Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed Ordinance Transmitted Herewith

This recommendation was concurred in by (a (viva voce vote")
of members of the committee with dissenting vote(s)T



Respectfully submitted


(signed^^

Chairman
Document No.




REPORT OF THE COMMITTEE ON FINANCE TO THE CITY COUNCIL CITY OF CHICAGO
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 ordinances authorizing amendments to various TIF Redevelopment Plans and Projects.

Your favorable consideration of these ordinances will be appreciated.

Mayor



Very truly yours,
S:\SHARED\Finance\TIF Amendments\95'h and Western Amendment\Amendment No. 3ord 1.doc
ORDINANCE

WHEREAS, pursuant to ordinances adopted on July 13,1995, and published in the Journal of Proceedings of the City Council of the City of Chicago (the "Journal") for such date at pages 3914 to 3971, and under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4.1 et seq., as amended (the "Act"), the City Council (the "Corporate Authorities") of the City of Chicago (the "City"): (i) approved a redevelopment plan and project (the "Original Plan") for a portion of the City known as the "95thA/Vestern Redevelopment Project Area" (the "Area") (the "Original Plan Ordinance"); (ii) designated the Area as a "redevelopment project area" within the requirements of the Act (the "Designation Ordinance"); and (iii) adopted tax increment financing...

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