Department of Law
CITY OF CHICAGO
July 31,2015
Ms. Susana Mendoza City Clerk
121 North LaSalle Street Chicago, Illinois 60602
Amendment No. 2 to the Midwest Redevelopment Plan and Project for the Midwest Tax Increment Financing Redevelopment Project and Plan
Dear Ms. Mendoza:
I enclose a proposed Amendment No. 2 to the Midwest Redevelopment Plan and Project (the "Amendment") for the Midwest Redevelopment Project Area, Chicago, Illinois, dated July 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 seg., as amended. If you have any questions with respect to this matter, please call me at 744-1045.
Enclosure
Gloria Peralta (DPD) M. Susan Lopez (Law)
1*21 NORTH LASALLE STREET. ROOM fiOO, CHICAGO. ILLINOIS <><)<><)2
MIDWEST TAX INCREMENT FINANCING REDEVELOPMENT PROJECT AND PLAN
Plan Adoption: May 17, 2000 Amendment No.1: December 19, 2011
Amendment No. 2 July 29, 2015
City of Chicago Rahm Emanuel, Mayor
Department of Planning and Development Andrew J. Mooney, Commissioner
Prepared by:
Johnson Research Group Inc. Ernest R. Sawyer Enterprises, Inc.
343 South Dearborn Street, Suite 404 100 North LaSalle Street, Suite 1515
Chicago, Illinois 60604 Chicago, Illinois 60602
Midwest Tax Increment Financing Redevelopment Project and Plan
Amendment No.2
EXECUTIVE SUMMARY
Tax Increment Financing ("TIF") is permitted by the Illinois Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq., as amended (the "Act"). The Act provides a mechanism for municipalities, after meeting the requirements and procedures for establishing a redevelopment project area and a redevelopment plan, to mitigate blighting influences, encourage local growth and development, and attract new private development to the redevelopment area.
On May 17, 2000, the Ci...
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