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Record #: O2017-6805   
Type: Ordinance Status: Passed
Intro date: 9/6/2017 Current Controlling Legislative Body: Committee on Finance
Final action: 10/11/2017
Title: Designation of Stockyards Southeast Quadrant Industrial Redevelopment Project Area
Sponsors: Emanuel, Rahm
Topic: TAX INCREMENT FINANCING DISTRICTS - Stockyards Southeast Quadrant T.I.F. - Designation
Attachments: 1. O2017-6805 (V1).pdf, 2. O2017-6805.pdf

/Trft

CHICAGO October 11. 2017~ —

To the President and Members of the City Council:

Your Committee on Finance having had under consideration

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

02017-6805
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 Ordinance^Transmitted Herewith


This recommendation was concurred in by (afava voce vote")
of members of the committee with dissenting vote(s)T


Respectfully submitted

(signed|1010|
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 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
DESIGNATING THE STOCKYARDS SOUTHEAST QUADRANT INDUSTRIAL REDEVELOPMENT PROJECT AREA AS A REDEVELOPMENT PROJECT AREA PURSUANT TO THE TAX INCREMENT ALLOCATION REDEVELOPMENT ACT

WHEREAS, it is desirable and in the best interest of the citizens...

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