Share to Facebook Share to Twitter Bookmark and Share
Record #: O2017-8466   
Type: Ordinance Status: Introduced
Intro date: 11/21/2017 Current Controlling Legislative Body: Committee on Finance
Final action:
Title: Amendment to Enterprise Zone 4 boundaries
Sponsors: Emanuel, Rahm
Attachments: 1. O2017-8466.pdf
OFFICE OF THE MAYOR
CITV OF CHICAGO
RAHM EMANUEL
MAYOR

November 21, 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 an amendment to the boundaries of Enterprise Zone 4.

, Your favorable consideration of this ordinance will be appreciated.


Very truly yours,


Mayor
ORDINANCE

WHEREAS, the City Council of the City of Chicago on November 5, 2014, passed an ordinance establishing Enterprise Zone 4, appearing in the Journal of Council Proceedings of the City of Chicago (the "Journal") on pages 95120 to 95126 (the "Designating Ordinance"); and
WHEREAS, the City of Chicago is permitted under the Illinois Enterprise Zone Act, 20 ILCS 655/1 et seq. ("Illinois Enterprise Zone Act") to amend or modify the boundaries of Enterprise Zones subject to the approval of the State of Illinois (the "State") through its Department of Commerce and Economic Opportunity ("DCEO"); and

WHEREAS, the City of Chicago has determined that a portion of Enterprise Zone 4 is qualified to be deleted as an area in which the local objectives for economic development have been accomplished; and
WHEREAS, all required procedures have been followed in the modification of the boundaries of Enterprise Zone 4, as required under the Illinois Enterprise Zone Act and the Chicago Enterprise Zone Ordinance, Chapter 16-12 of the Municipal Code of Chicago (the "Chicago Enterprise Zone Ordinance"); now, therefore,

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

SECTION 1. That Exhibit A referenced in Section 2 of the Designating Ordinance is hereby deleted and replaced with the new Exhibit A attached hereto and hereby incorporated herein.

SECTION 2. That Section 3 of the Designating Ordinance is hereby further amended by deleting the bracketed, italicized language and inserting the underlined language as follows:

"That Zone 4 meets the qualific...

Click here for full text