Share to Facebook Share to Twitter Bookmark and Share
Record #: O2017-6804   
Type: Ordinance Status: Passed
Intro date: 9/6/2017 Current Controlling Legislative Body:
Final action: 10/11/2017
Title: Adoption of Tax Increment Allocation Financing (TIF) funds for Stockyards Southeast Quadrant Industrial Redevelopment Project Area
Sponsors: Emanuel, Rahm
Topic: TAX INCREMENT FINANCING DISTRICTS - Stockyards Southeast Quadrant T.I.F. - Adoption
Attachments: 1. O2017-6804 (V1).pdf, 2. O2017-6804.pdf


CHICAGO October 11. 2017

To the President and Members of the City Council:

Your Committee on Finance having had under consideration

A cornmunication recommending three (3) proposed ordinances concerning the authority to approve Amendment Number 6 for the Stockyards Southeast Quadrant Industrial Tax Increment Financing Redevelopment Project Area.

A. An ordinance authorizing the approval of Amendment Number 6 for the Redevelopment Plan for the Stockyards Southeast Quadrant Industrial Tax Increment Financing Redevelopment Project Area.

02017-6803

B. An ordinance authorizing the designation of the Stockyards Southeast
Quadrant Industrial Redevelopment Amendment Number 6 Project Area as a Redevelopment Project Area.

02017-6805

C. An ordinance authorizing the adoption of Tax Increment Allocation
Financing for the Stockyards Southeast Quadrant Industrial Redevelopment Amendment Number 6 Project Area.

02017-6804




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


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


Respectfully submitted

Chairman

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
September 6, 2017










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 Amendment Number 6 to the Stockyards Southeast Quadrant Industrial Tax Increment Financing District.

Your favorable consideration of this ordinance will be appreciated.




Very truly yours,

Mayor

AN ORDINANCE OF THE CITY OF CHICAGO, ILLINOIS ADOPTING TAX INCREMENT ALLOCATION FINANCING FOR THE STOCKYARDS SOUTHEAST QUADRANT INDUSTRIAL REDEVELOPMENT PROJECT AREA

WHEREAS, it is desirable and in the best interest of the citizens of the City of Chicago, Illinois (the "City") for the City to implement tax increment...

Click here for full text