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Record #: O2017-8314   
Type: Ordinance Status: Failed to Pass
Intro date: 11/15/2017 Current Controlling Legislative Body: Committee on Finance
Final action:
Title: Amendment of Municipal Code Titles 2, 3, 4, 7, 9, 11, 13 and 18 (2018 Revenue Ordinance) by repealing Article XI entitled "Intergovernmental Agreement With Chicago Transit Authority"
Sponsors: Waguespack, Scott, Reilly, Brendan, Hairston, Leslie A., Lopez, Raymond A., Arena, John, Villegas, Gilbert, Napolitano, Anthony V.
Topic: AGREEMENTS - Intergovernmental
Attachments: 1. O2017-8314.pdf
Related files: R2019-362

Committee on Finance

 

 

 

 

AMENDMENT TO 2018 REVENUE ORDINANCE

 

 

Amendment of Municipal Code Titles 2, 3, 4, 7, 9, 11, 13, and 18 concerning various taxes, charges and fees (2018 Revenue Ordinance) and associated intergovernmental agreements with Chicago Board of Education and Chicago Transit Authority. (02017-7809)

 

 

ARTICLE XI.                     INTERGOVERNMENTAL AGREEMENT WITH

CHICAGO TRANSIT AUTHORITY

 

The Chief Financial Officer or her designee ("CFO") is hereby authorized to execute and deliver an intergovernmental agreement ("CTA Agreement") with the Chicago Transit Authority providing that $16 million of the tax imposed by Section 3-46-030 ofthe Municipal Code is to be provided annually to the Chicago Transit Authority for capital purposes in substantially the form attached hereto as Exhibit B, with such changes therein as the CFO may approve, provided that 6uch changes do not amend any essential terms of the CTA Agreement (execution of the CTA Agreement by the CFO constituting conclusive evidence of such approval), and to enter into and execute all such other agreements and instruments and to perform any and all acts as shall be necessary or advisable in connection with the implementation of the CTA Agreement.