ORDINANCE
WHEREAS, the City of Chicago (the "City"), is a home rule unit of government under Article VII, Section 6(a) of the 1970 Constitution of the State of Illinois, and as such may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the Chicago Park District (the "Park District"), is an Illinois municipal corporation and a unit of local government under Article VII, Section 1 ofthe 1970 Constitution of the State of Illinois, and as such is authorized to exercise control over and supervise the operation of all parks.within the corporate limits of the City; and
WHEREAS, the Park District has undertaken to rehabilitate and improve a parcel of land adjacent to Dunbar Vocational High School known as Dunbar Park, which is generally located at 300 E. 31st Street, Chicago, Illinois and legally described in Exhibit A (the "Property"); and
WHEREAS, the Park District wishes to construct a new turf athletic field striped for football and soccer, a six lane running track and sports lighting at Dunbar Park (the "Project"); and
WHEREAS, the Property lies wholly within the boundaries of the Bronzeville Redevelopment Area (as hereinafter defined); and
WHEREAS, the City is authorized under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 ei* seq., as amended from time to time (the "Act"), to finance projects that eradicate blight conditions and conservation factors that could lead io blight through the use of tax increment allocation financing for redevelopment projects; and
WHEREAS, in accordance with the provisions of the Act, and pursuant to ordinances adopted on November 4, 1998 and published in the Journal of the Proceedings of the City Council of the City of Chicago (the "Journal") for said date at pages 80642 - 80778, as amended by ordinances adopted on July 29, 2003, December 7, 2005, October 8, 2014 and June 28, 2017, the City Council: (i) approved and adopted a redevelopment plan ...
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