Df.partmf.nt of Law
CITY OF CHICAGO April 29, 2016
Ms. Susana Mendoza
City Clerk
City of Chicago .
121 North LaSalle Street
Chicago, Illinois 60602
Diversey/Chicago River Tax Increment Financing Redevelopment Area Project and Plan
Dear Ms. Mendoza:
: I enclose the Diversey/Chicago River Tax Increment Financing Redevelopment Area Project and Plan (the "Plan") for the proposed Diversey/Chicago River Redevelopment Project Area, Chicago, Illinois, dated April 29, 2016.
Please make the Plan 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 sea,., as amended. If you have any questions with respect to this matter, please call me at 744-5817.
Sincerely,
12
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Crystal Maher Senior Counsel
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Enclosure
M. Susan Lopez Terrence Johnson
121 NORTH I.ASAI.I.F. STREET, ROOM 600, CHICAGO, ILLINOIS C0(i()2
DIVERSEY/CHICAGO RIVER TAX INCREMENT FINANCING REDEVELOPMENT AREA PROJECT AND PLAN
City of Chicago, Illinois
April 29, 2016
City of Chicago Rahm Emanuel, Mayor
Department of Planning and Development David L. Reifman, Commissioner
Prepared by:
Johnson Research Group Inc. ••
343 South Dearborn Street, Suite 404 :; r:: -T:
Chicago, Illinois 60604 co
TABLE OF CONTENTS
' I. INTRODUCTION|910|Diversey/Chicago RiverTax Increment Financing Redevelopment Project Area|910|Tax Increment Financing|910|The Redevelopment Plan for the Diversey/Chicago River Tax Increment Financing
Redevelopment Project Area|910|LEGAL DESCRIPTION AND PROJECT BOUNDARY|910|ELIGIBILITY CONDITIONS 9
Summary of Project Area Eligibility 9
Surveys and Analyses Conducted 9
REDEVELOPMENT GOALS AND OBJECTIVES 11
General Goals 11
Redevelopment Objectives 11
REDEVELOPMENT PROJECT 13
Land Use Plan 13
Redevelopment Goals and Objectives 14
Redevelopment Improvements and Activities 15
Redevelopment Project Costs 16
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