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Record #: F2015-92   
Type: Communication Status: Placed on File
Intro date: 6/17/2015 Current Controlling Legislative Body:
Final action: 6/17/2015
Title: Tax Increment Financing Redevelopment Plan and Project for 119th Street/I-57 Redevelopment Project Area, Amendment No. 1
Sponsors: Dept./Agency
Topic: TAX INCREMENT FINANCING DISTRICTS - 119th/I-57 T.I.F. - Amendment
Attachments: 1. F2015-92.pdf




City of Chicago

119th Street/1-57 Redevelopment Project Area

Tax Increment Financing Redevelopment Plan and Project
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P/0A7 Adopted: November 6, 2002




Amendment No. 1 May 29, 2015 City of Chicago Rahm Emanuel Mayor







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Department of Law
CITY OF CHICAGO
May 29, 2015


Ms. Susana Mendoza City Clerk
121 North LaSalle Street Chicago, Illinois 60602

Amendment No. 1 to the 119l /I-57 Redevelopment Plan and Project for the 119th/I-57 Tax Increment Financing Redevelopment Project and Plan

Dear Ms. Mendoza:

I enclose a proposed Amendment No. 1 to the 119th/I-57 Redevelopment Plan and Project (the "Amendment") for the 119th/l-57 Redevelopment Project Area, Chicago, Illinois, dated May 29, 2015.

Please make the Amendment available in your office as of this date for public inspection in accordance with the requirements of Section 5/1 l-74.4-5(a) of the Illinois Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et secj., as amended. If you have any questions with respect to this matter,"please call me at 744-1045.

Keith A. May
Assistant Corporation Counsel

Enclosure

Beth McGuire (DPD) M. Susan Lopez (Law)





121 NORTH I, A S AI. I.K STRKV.T, ROOM 600. CHICAGO, ILLINOIS 60602

119 /1-57 Redevelopment Project Area
Tax Increment Financing Redevelopment Plan and Project Amendment No. 1

TABLE OF CONTENTS
Table of Contents i
Executive Summary|910|Modifications to the Original Plan|910|Section 1: Introduction|910|Section 2: Project Area Description|910|Section 3: Eligibility ofthe Project Area for Designation as a Blighted Area|910|Section 4: Redevelopment Plan Goals and Objectives 11
Section 5: Redevelopment Plan 12
Section 6: Redevelopment Project Description 13
Section 7: General Land Use Plan and Map 14
Section 8: Redevelopment Plan Financing 16
Section 9: Housing Impact Study 23
Section 10: Provisions for Amending the Plan 25
Section 11: City of Chicago...

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