Record #: O2018-7478   
Type: Ordinance Status: Passed
Intro date: 9/20/2018 Current Controlling Legislative Body: Committee on Finance
Final action: 10/31/2018
Title: Intergovernmental agreement with Chicago Park District regarding provision of Tax Increment Fnancing (TIF) funds for renovation of McGuane Park fieldhouse
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Intergovernmental
Attachments: 1. O2018-7478.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
September 20, 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 ordinances authorizing the execution of intergovernmental agreements for TIF assistance with the Chicago Park District.

Your favorable consideration of these ordinances will be appreciated.
Mayor


Very truly yours,

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 of the 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 proposed to renovate the fieldhouse at McGuane Park (the "Project") on the premises which is commonly known as 2901 S. Poplar Avenue and legally described on Exhibit A (the "Property"); and
WHEREAS, the Property lies wholly within the boundaries of the Archer Western 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 et seq., as amended from time to time (the "Act"), to finance projects that eradicate blight conditions and conservation factors that could lead to 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 February 11, 2009 and published in ihe Journal of ihe Proceedings of the City Council (the "Journal...

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