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Record #: O2014-7194   
Type: Ordinance Status: Passed
Intro date: 9/10/2014 Current Controlling Legislative Body: Committee on Finance
Final action: 10/8/2014
Title: First amendment to redevelopment agreement with Blommer Chocolate Company for sale and redevelopment of property in vicinity of W Kinzie St and N Desplaines St
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Redevelopment
Attachments: 1. O2014-7194.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
September 10, 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 an ordinance amending a 2006 redevelopment agreement with the Blommer Chocolate Company.

Your favorable consideration of this ordinance will be appreciated.

Mayor



Very truly yours,
S:\SHARED\Finance\Nyberg\Blommer Chocolates\Ordinance\Blommer Chocolates Ordinance for the First Amendment September 4, 2014.doc


ORDINANCE
WHEREAS, the City of Chicago (the "City") is a home rule municipality as described in Section 6 (a), Article VII of the 1970 Constitution of the State of Illinois, and as such may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the City, through its Department of Planning and Development ("DPD") and Blommer Chocolate Company, a Delaware corporation ("Developer") as of June 7, 2006 entered into that certain Blommer Chocolate Company Redevelopment Agreement (the "Redevelopment Agreement ") pertaining to property located in the River West Redevelopment Project Area in the vicinity of West Kinzie Street and North Des Plaines Street in Chicago; and
WHEREAS the parties desire to enter into a first amendment ("First Amendment") to the Redevelopment Agreement to increase the amount of City Funds available under the Redevelopment Agreement, now therefore,


BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
Section 1. Recitals. The above recitals are incorporated by reference as if fully set forth
herein.
Section 2. Authority. Subject to the approval of the Corporation Counsel, the Commissioner of DPD (the "Commissioner") or a designee of the Commissioner are each hereby authorized to execute and deliver First Amendment to Blommer Chocolate Company Redevelopment Agreement (the "First Amendment") in substantially the form attach...

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