OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
October 8, 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 amending the terms of the CSX-NIP program.
Your favorable consideration of this ordinance will be appreciated.
Mayor
Very truly yours,
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S.\SHARED\Finance\Gaynor NewAHousing & Econ Dev\CSX-NIP Agr w NHS\Amendment\Ordinance Amendment CSX NIP.doc
ORDINANCE
WHEREAS, pursuant to an ordinance adopted by the City Council of the City of Chicago on November 19, 1997 and published at pages 57762 - 57771 of the Journal of the Proceedings of the City Council of the City of Chicago (the "Journal") of such date, the City entered into an agreement (the "CSX Agreement") with CSX Intermodal, Inc., a Delaware corporation ("CSX"), pursuant to which the City has received funds from CSX (the "CSX Funds") to promote economic development in the area of Chicago bounded by Racine Avenue on the east, California Avenue on the west, 55th Street on the north, and 64th Street on the south (the "CSX Area"); and
WHEREAS, pursuant to an ordinance adopted by City Council on May, 28, 2014 and published at pages 81745 - 81777 of the Journal (the "Ordinance"), the City, through its Department of Planning and Development ("DPD"), established a Neighborhood Improvement Program ("NIP") in an amount not to exceed $972,159 to fund improvements to single-family residential properties (the "Program") in a portion of the CSX Area bounded as follows (the "CSX-NIP Area"): starting at the northwest corner of Hamilton Avenue and Garfield Boulevard, east to Damen Avenue and Garfield Boulevard, south to 64th Street and Damen Avenue, west to Claremont Avenue and 64th Street, north to 62nd Street and Claremont Avenue, east to 62nd Street and Hamilton Avenue, and north to Hamilton Avenue and Garfield Boulevard; and
WHEREAS, pursuant to the Ordinance, the City ...
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