ORDINANCE
BE IT ORDAINED BYTHE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1.
16-10-010 Title. This chapter shall be known and cited as the "Revenue Expenditure Directive for Infrastructure for Public Benefit."
16-10-020 Intent. Since 1988 and 1990, the properties within the Designated Area have been reserved for the preservation of industry and manufacturing, and the City has not invested in infrastructure within the Designated Area to stimulate use of the Designated Area by mixed uses, offices, or residential uses. It is the express legislative intention of this chapter to insure development of Infrastructure for Public Benefit and to mitigate burdens on public infrastructure systems that will likely result from redevelopment of the Designated Area.
16-10- 030 Purpose. This chapter is adopted for the following purpose:
To promote and protect health, safety, comfort, convenience, and the general welfare;
To allocate revenue for investment in infrastructure that will benefit the public;
To reduce traffic gridlock;
To promote continuous traffic movement;
To promote improved public transportation access;
To promote pedestrian and bike movement;
To leverage for the benefit of the public all investment of revenue created by redevelopment within the Designated Area; and
To define and limit the powers and duties of the administrative body and officers as provided herein.
16-10-040 Definitions.
a) Designated Area. "Designated Area" shall mean the property located in and within 3,500 feet of the Clybourn Planned Manufacturing District, as defined as of the date of introduction of this ordinance.
b) Infrastructure for Public Benefit. "Infrastructure for Public Benefit" shall mean
improvements for public benefit to promote and provide access to, from, and through the Designated Area; to improve access to and use of the Chicago River; and to create plazas and usable open spaces within the Designated Area. Infrastructure is for public benefit only if it will be available...
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