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Record #: O2018-8119   
Type: Ordinance Status: Passed
Intro date: 10/31/2018 Current Controlling Legislative Body: Committee on Finance
Final action: 11/14/2018
Title: Intergovernmental agreement with Chicago Park District for Tax Increment Financing (TIF) assistance for renovation of existing fieldhouse and Girls and Boys clubhouse buildings within Revere Park
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Intergovernmental
Attachments: 1. O2018-8119.pdf, 2. O2018-8119 (V1).pdf

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 undertaken to improve the two buildings in Revere Park, which is generally located at 2509 West Irving Park Road, Chicago, Illinois and legally described in Exhibit A (the "Property"); and

WHEREAS, the Park District wishes to make improvements to the two buildings, Fieldhouse and Boys and Girls Clubhouse, on the Property, which will include a new roof, door and window renovations, ADA elevator and ramp improvements, interior finish improvements, heating and ventilation system replacement, and gymnasium floor replacement (the "Project"); and

WHEREAS, the Property lies wholly within the boundaries of the Western Avenue South 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 January 12, 2000, and published in the Journal of the Proceedings of the City Council of the City of Chicago, for said date, and as subsequently amended, the City Council: (i) approved and adopted a redeve...

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