O KPARTM ENT O V La\'\ CITY OF CHICAGO
June 1,2018
I
Ms. Andrea Valencia City Clerk, City of Chicago 121 North LaSalle Street - Room 107 Chicago, Illinois 60602
Re: Redevelopment Plan and Project for the proposed 116th/A venue O Redevelopment Project Area (Tax Increment Financing)
Dear Ms. Valencia:
Enclosed please find a copy of the proposed 116th/A venue O Tax Increment Financing Redevelopment Plan and Project (the "Plan") for the proposed 116th/Avenue O Redevelopment Project Area, Chicago, Illinois, dated June 1, 2018. An Eligibility Report is included immediately following Article XI of the Plan.
Please make the Plan available in your office as of this date for public inspection in accordance with the requirements of Section 5/1 l-74.4-5(a) of the Illinois Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1, et seq., as amended. If you have any questions concerning this matter, please contact me at 312-742-5763.
Adam R. Walker
Assistant Corporation Counsel
Enclosure
cc w/o encl: M. Susan Lopez, Chief Assistant Corporation Counsel
Ryan Slattery, Department of Planning and Development
121 NORTH l.ASALI.L STHLLT. ROOM (iOO. CIIICACO. ILLINOIS (>ut,02
116th/Avenue O Tax Increment Financing Redevelopment Plan and Project
City of Chicago, Illinois
June 1, 2018
t x
City of Chicago Rahm Emanuel, Mayor
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Department of Planning and Development
David L. Reifman, Commissioner <«o
City of Chicago Redevelopment Plan and Project
TABLE OF CONTENTS
Executive Summary
Redevelopment Area Description
Summary of Blighting Conditions in the Area
Tax Increment Financing Redevelopment Project
Conformity to Comprehensive Plan
Provisions for Amending the Plan
Scheduling of Plan
VII. Affirmative Action Plan
Lack of Growth through Private Investment
Financial and Service Impacts on Taxing Districts
Housing Impact Study
Eligibility Report Appendix
Table 1 - Parcel Numbers and estimated 2016 Equalized Assessed Value
Legal Description
Ma...
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