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This record contains private information, which has been redacted from public viewing.
Record #: O2015-7169   
Type: Ordinance Status: Passed
Intro date: 9/24/2015 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 11/18/2015
Title: Sale of City-owned property at 5161, 5201, 5211, 5213 and 5221 W Lawrence Ave and redevelopment of land to Jefferson Park Residences LLC
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2015-7169.pdf
OFFICE OF THE MAYOR
CITY OT CHICAGO
RAHM EMANUEL MAYOR

September 24, 2015










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 the sale of city-owned property.

Your favorable consideration of these ordinances will be appreciated.

Mayor

Very truly yours,
ORDINANCE

WHEREAS, the City of Chicago ("City") is a home rule unit of government by virtue of the provisions of the Constitution of the State of Illinois of 1970, and as such, may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, pursuant to ordinances adopted by the City Council of the City (the "City Council") on September 9, 1998, and published in the Journal of the Proceedings of the City Council (the "Journal") of such date: a certain redevelopment plan and project ("Original Plan") for the Jefferson Park Business District Tax Increment Financing Redevelopment Project Area ("Original Area"), was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seq.) (the "Act"); the Original Area was designated as a redevelopment project area pursuant to the Act; and tax increment financing was adopted pursuant to the Act as a means of financing certain Original Area redevelopment project costs (as defined in the Act) incurred pursuant to the Original Plan; and

WHEREAS, pursuant to ordinances adopted by the City Council on March 10, 1999, and published in the Journal of such date, the City Council: approved Amendment Number 1 to the Original Plan, and redefined the Original Area as the "Amended Area" (the "Amended Plan Ordinance"); designated the Amended Area as a redevelopment project area (the "Amended Designation Ordinance"); and adopted tax increment allocation financing for the Amended Area (the "Amended TIF Ordinance"); and

WHEREAS, pursuant to an ordinance...

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