Share to Facebook Share to Twitter Bookmark and Share
This record contains private information, which has been redacted from public viewing.
Record #: O2018-3799   
Type: Ordinance Status: Failed to Pass
Intro date: 4/18/2018 Current Controlling Legislative Body: Committee on Finance
Final action:
Title: Revision to redevelopment agreement with and associated Class 6(b) tax status for The Keebler Company for property at 750 E 110th St, 10839 S Langley Ave and 10840-10841 S Langley Ave
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Redevelopment
Attachments: 1. O2018-3799.pdf
Related files: R2019-362
OFFICE OF THE MAYOR
CITV OF CHICAGO
RAHM EMANUEL
MAYOR

April 18,2018










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 a previously passed redevelopment agreement and associated Class 6(b) tax status for property located at 750 East 110th.

Your favorable consideration of this ordinance will be appreciated.

Mayor


Very truly yours,
S:\SHARED\Finance\Kcebler\Kcvision of TIF-RDA ordinance4.wpd

AN ORDINANCE OF THE CITY OF CHICAGO, ILLINOIS AUTHORIZING REVISION TO A REDEVELOPMENT AGREEMENT BY AND AMONG THE CITY, THE KEEBLER COMPANY AND ATLANTIC FINANCIAL GROUP, LTD. AS
CO-DEVELOPERS

ORDINANCE

WHEREAS, pursuant to an ordinance adopted by the City Council ("City Council") of the City of Chicago (the "City") on December 13, 2000 and published at pages 47782 to 47957 of the Journal of the Proceedings of the City Council (the "Journal") of such date, a certain redevelopment plan and project (the "Plan") for the Lake Calumet Area Industrial Redevelopment Project Area (the "Area") was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et sea.) (the "Act"); and

WHEREAS, pursuant to an ordinance adopted by the City Council on December 13, 2000 and published at pages 47958 to 47977 of the Journal of such date, the Area was designated as a redevelopment project area pursuant to the Act; and

WHEREAS, pursuant to an ordinance (the "TIF Ordinance") adopted by the City Council on December 13, 2000 and published at pages 47978 to 47996 of the Journal of such date, tax increment allocation financing was adopted pursuant to the Act as a means of financing certain Area redevelopment project costs (as defined in the Act) incurred pursuant to the Plan; and

WHEREAS, pursuant to an ordinance (the "Keebler RDA Ordinance")...

Click here for full text