Record #: O2015-8423   
Type: Ordinance Status: Passed
Intro date: 11/18/2015 Current Controlling Legislative Body: Committee on Finance
Final action: 12/9/2015
Title: Intergovernmental agreement with Chicago Park District for provision of Tax Increment Financing (TIF) assistance for rehabilitation and improvement of Welles Park
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Intergovernmental
Attachments: 1. O2015-8423.pdf


OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR

November 18, 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 an ordinance authorizing the execution of an intergovernmental agreement with the Chicago Park District regarding TIF assistance for Welles Park.

Your favorable consideration of this ordinance will be appreciated.

Very truly yours,

Mayor
CHICAGO December 9, 2015

To the President and Members of the City Council:

Your Committee on Finance having had under consideration

A communication recommending a proposed ordinance concerning the authority to enter into and execute an Intergovernmental Agreement with the Chicago Park District for the redevelopment of Welles Park.

02015-8423














Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed Ordinance Transmitted Herewith

This recommendation was concurred in by
of members of the committee with


Respectfully submitted

Chairman
ORDINANCE
WHEREAS, the City of Chicago (the "City") is a home rule unit of government under Article VII, Section 6(a) 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 Chicago Park District (the "Park District"), is an Illinois municipal corporation and a unit of local government under Article VII, Section 1 of the 1970 Constitution, of the State of Illinois, and as such is authorized to exercise control over and supervise the operation of parks within the corporate limits of the City; and
WHEREAS, the Park District has undertaken to rehabilitate and improve existing improvements on a parcel of land known as Welles Park, which is generally located at 2333 West Sunnyside Avenue, Chicago, Illinois and legally described in Exhibit A (the "Property"); and

WHE...

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