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Record #: SO2016-5601   
Type: Ordinance Status: Failed to Pass
Intro date: 7/20/2016 Current Controlling Legislative Body: Committee on Finance
Final action:
Title: Amendment of Municipal Code Title 16 by adding new Chapter 16-10 entitled "Revenue Expenditure Directive for Infrastructure for Public Benefit"
Sponsors: Hopkins, Brian
Topic: MUNICIPAL CODE AMENDMENTS - Title 16 - Land Use - Ch. 10 Revenue Expdenditure Directive for Infrastructure for Public Benefit
Attachments: 1. SO2016-5601.pdf
Related files: R2019-362
SUBSTITUTE ORDINANCE


BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:


SECTION 1: Title 16 of the Municipal Code is hereby amended by adding Chapter 16-10 as follows:


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 ofthe 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 purposes:
To promote and protect health, safety, comfort, convenience, and the general welfare;
To allocate revenue for investment in infrastructure that will benefit the public;
(cj 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 ofthe 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.
For purposes of this chapter, the following definitions shall apply, unless the written context clearly indicates that another meaning is intended:

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(a) "Designated Area" means the property located in and within 3,500 feet ofthe Clybourn Planned Manufacturing District, as defined as ofthe date of introduction of this ordinance.
"Infrastructure for Public Benefit" means improvements for public benefit to promote and provide access to, from, and through the Designated A...

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