Office of the City Clerk - Record #: F2019-21

• Record #: F2019-21
• Type: Communication
• Status: Placed on File
• Intro date: 3/13/2019
• Final action: 3/13/2019
• Title: Revised Cortland and Chicago River Redevelopment Plan and Project for proposed Cortland and Chicago River Redevelopment Project Area - Tax Increment Financing (TIF)
• Sponsors: Dept./Agency
• Topic: TAX INCREMENT FINANCING DISTRICTS - Cortland & Chicago River T.I.F. - Miscellaneous

Date	Journal Page Number	Action By	Action	Result
3/13/2019	95499	City Council	Placed on File

Dkpartmknt of Law
CITY OF CHICAGO
March 7, 2019

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Ms. Andrea M. Valencia City Clerk
City of Chicago
121 North LaSalle Street Chicago, Illinois 60602
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Revised Cortland and Chicago River Redevelopment Plan and Project for the proposed Cortland and Chicago River Redevelopment Project Area (Tax Increment Financing)

Dear Ms. Valencia:

I enclose the Revised Cortland and Chicago River Tax Increment Financing Redevelopment Area Plan and Project for the proposed Cortland and Chicago River Redevelopment Project Area, Chicago, Illinois, dated March 7, 2019.

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 with respect to this matter, please call me at 744-1745.

Sincerely,




Enclosure

M. Susan Lopez Tim Jeffries


121 NORTH LAS A I.I.I''. STRKt'.T. ROOM 600, CHICAGO, ILLINOIS G0(i02

CORTLAND AND CHICAGO RIVER TAX INCREMENT FINANCING REDEVELOPMENT AREA PROJECT AND PLAN






City of Chicago, Illinois




November 30, 2018
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Revised March 7, 2019 --o




City of Chicago Rahm Emanuel, Mayor
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Department of Planning and Development David Reifman, Commissioner
CORTLAND AND CHICAGO RIVER TAX INCREMENT FINANCING REDEVELOPMENT AREA PROJECT AND PLAN






City of Chicago Rahm Emanuel, Mayor





Department of Planning and Development David Reifman, Commissioner









Prepared by:
Johnson Research Group Inc. 914 South Wabash Avenue Chicago, Illinois 60605

TABLE OF CONTENTS

I INTRODUCTION 1
Cortland and Chicago River Tax Increment Financing Redevelopment Project Area|9
10|Tax Increment Financing ;|910|C The Redevelopment Plan for the Cortland and Chicago River Tax Increment Financing
Redevelopment Project Area|910|LEGAL DESCRIPTION AND PROJECT BOUNDARY|910|ELIGIBILITY CONDITIONS 12

Summary of Project Area El...