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CITY OF CHICAGO
April 3, 2019
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Ms. Andrea M. Valencia City Clerk City of Chicago 121 North LaSalle Street Chicago, Illinois 60602
Re: Second Revised Roosevelt / Clark Tax Increment Financing Redevelopment Plan and Project for the proposed Roosevelt / Clark Tax Redevelopment Project Area
Dear Ms. Valencia:
I enclose the Second Revised Roosevelt / Clark Tax Increment Financing Redevelopment Area Plan and Project for the proposed Roosevelt / Clark Redevelopment Project Area, Chicago, Illinois, dated April 3, 2019.
Please make the Plan available in your office as of this date for public inspection in accordance with the requirements of Section 5/11 -74.4-5(a) of the Illinois Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seg,., as amended. If you have any questions with respect to this matter, please call me at 744-0205.
Sincerely, Ranti B. Oseni
Assistant Corporation Counsel
Enclosure
cc: M. Susan Lopez Tim Jeffries
121 NORTH I.ASAI.I.K STRKKT, ROOM
Roosevelt/Clark Tax Increment Financing Redevelopment Plan and Project
City of Chicago, Illinois
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November 30, 2018
Revised March 7,2019 > _ co
Revised April 4,2019 - -o
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City of Chicago Rahm Emanuel, Mayor
Department of Planning and Development David L. Reifman, Commissioner
TABLE OF CONTENTS
Executive Summary
Redevelopment Area Description
Summary of Blighting Conditions in the Area
Redevelopment Project Area Goal
Tax Increment Financing Redevelopment Project
Conformity to Comprehensive Plan
Provisions for Amending the Plan
Scheduling of Plan
Affirmative Action Plan
Lack of Growth Through Private Investment
Financial and Service Impacts on Taxing Districts
Housing Impact Study Eligibility Report
Appendix
Map 1 - Boundary Map
Map 2 - Existing Land Use Map
Map 3 - Proposed Land Use Map
Appendix Table 1 - Parcel Numbers for Vacant Areas
Appendix Table 2 - Parcel Numbers for Improved Areas
Appendix Table 3 - Parcel Numbers and estimated 2017 Equalized Assessed Value
Legal Description
Roosevelt/Clark Tax Increment Financing Redevelopment Plan and Project and Eligibility Report, City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019|1010|
I. EXECUTIVE SUMMARY
I n trod uction
The City of Chicago (the "City") is dedicated to (he continued growth and economic development of (lie City. The City's ability to stimulate growth and development relies on the creation and implementation of programs that will allow the City to work with the private sector to eliminate blighted areas and ensure sound growth. Based upon the City's establishment of a redevelopment project area as described herein, it is understood that the City recognizes the necessity of the relationship between continued community growth and public participation. Additionally, the City understands the vulnerability associated with blighting factors and problems arising from blighted conditions.
The Illinois General Assembly passed the Tax Increment Allocation Redevelopment Act (65 ILCS 5/1 1-74.4-1 et. seq.) (the "Act")_to address the growing number of blighted areas in many Illinois municipalities. The blighting of communities impairs the value of private investment and threatens the growth of the community's tax base. The Act declares that in order to promote the public health, safety, morals, and welfare, blighting conditions must be eliminated.
The City's Roosevelt/Clark Tax Increment Financing Redevelopment Area Plan and Project (the or this "Plan") summarizes the analyses and findings of the consultant's work, which, unless otherwise noted, is the responsibility of Laube Consulting Group, LLC (the "Consultant"). The City is entitled to rely on the findings and conclusions of the Redevelopment Plan and Project (the "Plan") in designating the Roosevelt/Clark Redevelopment Project Area (the "Area") as a redevelopment project area under the Act. The Consultant has prepared this Plan and the related eligibility study, as hereinafter defined, with the understanding that the City would rely: 1) on the findings and conclusions of the Plan and the related eligibility study in proceeding with the designation of the Area and the adoption and implementation of the Plan, and 2) on the fact that the Consultant has obtained the necessary information so that the Plan and the related eligibility study will comply with the Act.
Summary of the Plan
The Plan was developed to provide a description of the necessary actions to address existing blighting conditions in the Area. From an economic perspective, the implementation of the Plan through the use of tax increment financing revenues should stimulate private investment in the Area. The combined public and private investment that will result from the Plan are anticipated to eliminate the blighting conditions that currently exist in the Area.
Roosevelt/Clark Tax Increment Financing Redevelopment Plan and Project and Eligibility Report, City of Chicago, Illinois - November 30, 20J8 - Revised March 7, 2019 - Revised April 4, 2019 .|1010|
II. REDEVELOPMENT PROJECT AREA DESCRIPTION
The Area encompasses approximately 135 acres of land in the City. The Area is generally bounded by Harrison Street to the north, the Chicago River to the west, Clark Street to the east and Archer Avenue to the south. (Sec legal description and speciTic boundary map in the Appendix.)
Based upon the current site conditions, it is reasonable to conclude that without the establishment of a redevelopment project area and the use of tax increment financing, the Area is not reasonably anticipated to be developed.
Background of the Area
The Area is located in the Near South Community Area, which was originally one of Chicago's first residential districts.
The neighborhood was initially settled south of the city near the river while the affluent and business magnates built houses along Michigan and Wabash Avenues. Railroads operating in Chicago in the 1850s established passenger stations and freight yards at the southern edge of what is now the South Loop. A neighborhood fire in 1874 destroyed most of the remaining residential buildings at that time.
Around 1900, railroad tracks filled the area from State Street to Clinton Street, serving freight depots and passenger stations as Chicago became the nation's printing center in and around Dearborn Station.
The decline of the passenger train industry left the rail yards vacant, and changes in the printing industry drove out the printing business from this area of the City.
Overview of the Area
The Area is a tract of largely vacant land consisting of approximately 135 acres. It currently has three active rail tracks along the eastern portion.
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III. SUMMARY OK BLIGHTING CONDI TIONS EXISTING IN THE AREA
As set forth in the Act. the Illinois General Assembly has determined that, in order to promote and protect the health, safety, morals, and welfare of the public, blighted conditions need to be eradicated. The Act also stales that the eradication of these blighted conditions is essential to the public interest and that the use of tax increment financing revenues to fund certain redevelopment projects is of benefit to the community.
Prior to the passage of an ordinance adopting tax increment financing, there are certain statutory requirement's that must be met. One of the requirements for eligibility of the Area as a redevelopment project area under the Act is that the municipality must demonstrate that the Area qualifies as a blighted or conservation area." Based on site inspections, surveys and area analysis, the vacant land qualifies for designation as a vacant blighted area and the improved parcels qualify as a blighted area as defined in the Act.
For the vacant parcels, the Consultant has found that on an overall basis two of the possible seven blighting factors are present throughout the Area. The factors present are:
Factor 1 (the Act requires a combination of 2 of 6 blighting factors)
Obsolete Platting
Environmental Clean Up Costs
Factor 2 - Unused Disposal Site
For the improved parcels, the Consultant has found that is qualifies as an improved blighted area because it demonstrates the following factors:
Deleterious Land Use
Lack of Community Planning
Inadequate Utilities
Obsolescence
Deterioration
Please see the accompanying Eligibility Report for detailed qualification criteria and findings.
Roosevelt/Clark Tax Increment Financing Redevelopment Plan and Project and Eligibility Report, City of Chicago, Illinois - November 30, 2018 - Revised March 7, 20J 9 - Revised April 4, 2019|1010|
IV. REDEVELOPMENT PROJECT AREA GOAL
The Act encourages public and private sector cooperation to address and resolve issues with deteriorating and declining areas. The continued investment in and development of the Area will strengthen not only the Area, but the entire City through the promotion of sound economic growth, an increased tax base, and additional employment opportunities.
Redevelopment Plan Goal
The goal of this Plan is to utilize available TIF funds to pay for the necessary improvements, including public infrastructure needs, throughout the Area in order to spur economic growth in the Area that lacked investment and access to infrastructure funding for needed improvements.
V. TAX INCREMENT FINANCING REDEVELOPMENT PROJECT
This section presents the Plan to be implemented by the City in the Area. The section is divided into the following subsections:
Redevelopment Objectives
Redevelopment Plan and Project Costs and Activities
General Land Use Plan
Estimated Redevelopment Project Costs
Sources of Funds to Pay Redevelopment Project Costs
Issuance of Obligations
Surplus Incremental Property Tax Revenue
Most Recent EAV
Anticipated EAV
Potential Future Site Acquisition
Affordable Housing
Redevelopment and Intergovernmental Agreements
Potential Future Relocation Needs
Roosevelt/Clark Tax Increment Financing Redevelopment Plan and Project and Eligibility Report, City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019|1010|
Red eve 1 o p in c n t OI > j cc t i v es
The following represent major redevelopment objectives for the Area:
Upgrade public utilities, infrastructure and streets, including lighting, slreetscape and beautification that reinforces Area identity, enhances safety and encourage pedestrian activity, as appropriate;
Upgrade transportation infrastructure to sufficiently accommodate greater densities of workers and residential within and through the Area;
Improve safety and ease of pedestrian access to/from transit stations with minimal conflicts with vehicular traffic;
Facilitate the transformation of the Area to a modern center for employment through mixed-use development, transportation improvements, and open space amenities;
Support a well-designed urban environment through comprehensive design guidelines that attract technology, research, and other related companies;
Support density and height of mixed-use developments that provide high-quality, sustainable, and people-oriented landscape characterized by publicly accessible recreation spaces and access to transit stations
Provide market rate and affordable housing options for the City's residents;
Provide opportunities for women-owned, minority-owned and local businesses and local residents to share in the redevelopment of the Area.
The City may provide (or assist other public bodies in providing) public improvements and facilities that are necessary to service the Project Area in accordance with this Redevelopment Plan and the comprehensive plan for development of the City as a whole. Public improvements and facilities may include, but are not limited to, the following (collectively, the "Infrastructure Redevelopment Projects"):
CTA Red Line Station: the construction of a new station along the existing Chicago Transit Authority Red Line as approved by the Chicago Transit Authority. The proposed design includes all fare entry and exit occurring southwest of the intersection of South Clark Street and West 15th Street.
Metra Realignment: the relocation of existing Metra commuter rail tracks as approved by Metra, signals, cross overs, switching controls, and access roads, into a new relocatable easement and ventilated enclosing structure west of South Clark Street. Also included in the work is a new rail bridge above the 15th Street Construction. Work will occur between West Roosevelt Road and South Archer Avenue.
Clark Street Improvements: the realignment and addition of turn lanes, median dividers, utilities improvements as required, street and pedestrian lighting, bike lanes and pedestrian improvements within the existing Clark Street right-of-way and as directed by CDOT.
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15th Street Construction: the construction of a new roadway in a new public right-of-way to be dedicated between South Clark Street and South Wells Street. Work will include vehicle, pedestrian, bicycle and landscape improvements as well as sewer, water and other utility improvements.
Sea Wall Improvements: the reconstruction of the seawall along the South Branch of the Chicago River between West Roosevelt Road and unimproved right-of-way of West 16th Street.
Wells Wcntworth Connector: the construction of a new bridge in the public right-of-way between the existing terminus of Wells Street north of Roosevelt Road running south to the proposed alignment of the to-be-constructed public right of way of Wcntworth Avenue, including the reconstruction of a viaduct for the St. Charles Airline Railroad.
Taylor Street Bridge: the construction of a new bridge and necessary connections in the public right-of-way from the existing terminus of Taylor Street east of Canal Street running east across the South Branch of the Chicago River to the existing Wells Street.
Redevelopment Plan and Project Costs and Activities
The various redevelopment expenditures that arc eligible for payment or reimbursement under the Act arc discussed below. Following this review is a list of estimated redevelopment project costs that are deemed to be necessary to implement this Plan (the "Redevelopment Project Costs.")
In the event the Act is amended after the date of the approval of this Plan by the City Council of Chicago to: (a) include new eligible redevelopment project costs, or (b) expand the scope or increase the amount of existing eligible redevelopment project costs (such as, for example, by increasing the amount of incurred interest costs that may be paid under 65 ILCS 5/11-74.4-3(q)(l 1)), this Plan shall be deemed to incorporate such additional, expanded or increased eligible costs as Redevelopment Project Costs under the Plan, to the extent permitted by the Act. In the event of such amendment(s) to the Act, the City may add any new eligible redevelopment project costs as a line item in Plan Table 1 or otherwise adjust the line items in Plan Table 1 below without amendment to this Plan, to the extent permitted by the Act. In no instance, however, shall such additions or adjustments result in any increase in the total Redevelopment Project Costs without a further amendment to this Plan.
Roosevelt/Clark Tax Increment Financing Redevelopment Plan and Project and Eligibility Report, City of Chicago, Illinois - November 30, 20IS - Revised March 7, 2019 - Revised April 4, 2019|1010|
1. Eligible Redevelopment Costs
Redevelopnient Project Costs include the sum total of all reasonable or necessary costs incurred, estimated to be incurred, or incidental to this Plan pursuant to the Act. Such costs may include, without limitation, the following:
Costs of studies, surveys, development of plans and specifications, implementation and administration of the Plan including but not limited to, staff and professional service costs for architectural, engineering, legal, financial, planning or other services (excluding lobbying expenses), provided that no charges for professional services are based on a percentage of the tax increment collected;
The costs of marketing sites within the Area to prospective businesses, developers and investors;
c) Property assembly costs, including but not limited to, acquisition of land and other property,
real or personal, or rights or interests therein, demolition of buildings, site preparation,
environmental remediation, site improvements that serve as an engineered barrier addressing
ground level or below ground environmental contamination, including, but not limited to parking
lots and other concrete or asphalt barriers, and the clearing and grading of land;
Costs of rehabilitation, reconstruction or repair or remodeling of existing public or private buildings, fixtures, and leasehold improvements; and the costs of replacing an existing public building if pursuant to the implementation of a redevelopment project the existing public building is to be demolished to use the site for private investment or devoted to a different use requiring private investment; including any direct or indirect costs relating to Green Globes or LEED certified construction elements or construction elements with an equivalent certification;
Costs of the construction of public works or improvements, including any direct or indirect costs relating to Green Globes or LEED certified construction elements or construction elements with an equivalent certification subject to the limitations in Section 1 l-74.4-3(q)(4) of the Act;
f) Costs of job training and retraining projects including the cost of "welfare to work"
programs implemented by businesses located within the Area;
Financing costs including, but not limited to, all necessary and incidental expenses related to the issuance of obligations and which may include payment of interest on any obligations issued thereunder including interest accruing during the estimated period of construction of any redevelopment project for which such obligations are issued and for a period not exceeding 36 months following completion and including reasonable reserves related thereto;
To the extent the City by written agreement accepts and approves the same, all or a portion of a taxing district's capital costs resulting from the redevelopment project necessarily incurred or to be incurred within a taxing district in furtherance of the objectives of the Plan;
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i) An elementary, secondary, or unit school district's increased costs attributable to assisted housing units will be reimbursed as provided in the Act;
j) Relocation costs to the extent that the City determines that relocation costs shall be paid or is required to make payment of relocation costs by federal or state law or by Section 74.4-3(n)(7) of the Act (see "Relocation" section);
k) Payment in lieu of taxes, as defined in the Act;
I) Costs of job training, retraining, advanced vocational education or career education, including but not limited to, courses in occupational, semi-technical or technical fields leading directly to employment, incurred by one or more taxing districts, provided that such costs; (i) are related to the establishment and maintenance of additional job training, advanced vocational education or career education programs for persons employed or to be employed by employers located in the Project Area; and (ii) when incurred by a taxing district or taxing districts other than the City, are set forth in a written agreement by or among the City and the taxing district or taxing districts, which agreement describes the program to be undertaken including but not limited to, the number of employees to be trained, a description of the training and services to be provided, the number and type of positions available or to be available, itemized costs of the program and sources of funds to pay for the same, and the term of the agreement. Such costs include, specifically, the payment by community college districts of costs pursuant to Sections 3-37, 3-38, 3-40, and 3-40.1 of the Public Community College Act, 110 ILCS 805/3-37, 805/3-38, 805/3-40 and 805/3-40.1, and by school districts of costs pursuant to Sections 10-22.20a and 10-23.3a of the School Code, 105 ILCS 5/10-22.20a and 5/10-23.3a;
m) Interest costs incurred by a redeveloper related to the construction, renovation or rehabilitation of a redevelopment project provided that:
such costs are to be paid directly from the special tax allocation fund established pursuant to the Act;
such payments in any one year may not exceed 30 percent of the annual interest costs incurred by the redeveloper with regard to the redevelopment project during that year;
if there are not sufficient funds available in the special tax allocation fund to make the payment pursuant'to this provision, then the amounts so due shall accrue and be payable when sufficient funds are available in the special tax allocation fund;
the total of such interest payments paid pursuant to the Act may not exceed 30 percent of the total: (i) cost paid or incurred by the redeveloper for such redevelopment project; (ii) redevelopment project costs excluding any property assembly costs and any relocation costs incurred by the City pursuant to the Act; and
up to 75 percent of the interest cost incurred by a redeveloper for the financing of rehabilitated or new housing for low-income households and very low-income households, as defined in Section 3 of the Illinois Affordable Housing Act.
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n) Instead of the eligible costs provided lor in (m) 2. 4 and 5 above, the City may pay up to 50 percent of the cost of construction, renovation and/or rehabilitation of all low- and very low-income housing units (for ownership or rental) as defined in Section 3 of the Illinois Affordable Mousing Act. IIThe units arc part of a residential redevelopment project that includes units not affordable to low- and very low-income households, only the low- ami very low-income units shall be eligible for benefits under the Act;
o) The costs of daycare services for children of employees from low-income families working for businesses located within the Area and all or a portion of the cost of operation of day care centers established by Area businesses to serve employees from low-income families working in businesses located in the Area. For the purposes of this paragraph, "low-income families" means families whose annual income docs not exceed 80 percent of the City, county or regional median income as determined from time to time by the United States Department of Housing and Urban Development; and
p) Unless explicitly provided in the Act, the cost of construction of new privately-owned buildings shall not be an eligible redevelopment cost.
If a special service area has been established pursuant to the Special Service Area Tax Act, 35 ILCS 235/0.01 et sea,., then any tax increment revenues derived from the lax imposed pursuant to the Special Service Area Tax Act may be used within the redevelopment project area for the purposes permitted by the Special Service Area Tax Act as well as the purposes permitted by the Act.
General Land Use Plan
The proposed land use plan for the Area includes the following uses:
Residential
Residential is generally defined as single-family detached and attached dwelling units, multiple family units, senior multiple family dwelling units and any accessory uses for purposes of this Plan.
Commercial
Commercial is generally defined as retail, office, hospitality/hotel, health clubs, entertainment, restaurant facilities, educational, and institutional for purposes of this Plan.
Institutional
Institutional is generally defined as space for schools and colleges of higher learning or other non-for profit uses.
Roosevelt/Clark Tax Increment Financing Redevelopment Plan and Project and Eligibility Report, City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4.2019
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Parks/Open Space
Parks/Open Space is generally defined as recreational areas lor purposes of this Plan • Mixed-Use
Mixed use is defined as any of the above uses combined on one site or sites for purposes of this Plan.
Estimated Redevelopment Project Costs
To eliminate the blighting factors present in the Area and to meet the redevelopment objectives, the City plans to make and/or induce a number of improvements in the Area, primarily with public works and improvements. Plan Table 1 below identifies the eligible Redevelopment Project Costs under the Act that the City may fund to implement the Plan over the Area's twenty-three (23) year life.
Adjustments to the estimated line item costs in Plan Table 1 below are anticipated and may be made by the City without amendment to the Plan to the extent permitted by the Act. Each individual project cost will be reevaluated in light of projected private development and resulting incremental tax revenues as it is considered for public financing under the provisions of the Act. The totals of line items set forth below are not intended to place a limit on the described expenditures. Adjustments may be made in line items within the total, either increasing or decreasing line item costs as a result of changed redevelopment costs and needs.
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Plan Table 1
Estimated Redevelopment Project Costs Redevelopment Project Area
Eligible Activities
1. Analysis. Administration, Studies, Surveys, Legal, $25,000,000 Marketing, etc.
2. Properly Assembly including Acquisition, Site Prep and $25,000,000 Demolition, Environmental Remediation
3. Rehabilitation of Existing Buildings, Fixtures and $20,000,000 Leasehold Improvements, Affordable Housing Construction and Rehabilitation cost
Public Works & Improvements, including streets and $600,000,000
utilities, parks and open space, public facilities (schools &
other public facilities) (1)
Relocation costs '' $5,000,000
Job Training, Retraining, Welfare-to-Work . $20,000,000
8. Interest Subsidy (2) $5,000,000
Total Eligible Redevelopment Project Costs (Notes 3-6 below) $700,000,000
Notes for Plan Table 1 - Redevelopment Project Costs
This category may also include paying for or reimbursing (i) an elementary, secondary or unit school districts increased costs attributed to assisted housing units, and (ii) capital costs of taxing districts impacted by the redevelopment of the Area. As permitted by the Act, to the extent the City by written agreement accepts and approves the same, the City may pay, or reimburse all, or a portion of a taxing district's capital costs resulting from a redevelopment project necessarily incurred or to be incurred within a taxing district in furtherance of the objectives of the Plan.
Funds may be provided to developers for a portion of interest costs incurred by a developer related to the construction, renovation or rehabilitation of a redevelopment project. Such funds are independent of and not related to costs outlined in footnote 3.
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O) (a) To the extent that Special Area bonds are issued, pursuant to the authority of the Special Service Act Tax Law, and the proceeds of such bonds are pledged to pay Redevelopment Project Costs, such bonds may be retired from incremental property taxes generated within the Area.
(b) In addition to the "Interest Subsidy" listed in the table above. Total Redevelopment Project Costs shall include an estimated total of $400 million in additional financing costs incurred by the City, including without: limitation interest expense, capitalized interest and costs associated with optional redemptions with respect to Developer Notes and/or Special Service Area bonds. Total Redevelopment Project Costs represent an upper limit on expenditures that are to be funded using tax increment revenues. Within this limit, adjustments may be made in line items without amendment to this Plan, to the extent permitted by the Act.
The amount of the Total Redevelopment Project Costs that can be incurred in the Area will be reduced by the amount of redevelopment project costs incurred in contiguous redevelopment project areas, or those separated from the Area only by a public right-or-vvay, that are permitted under the Act to be paid, and are paid, from incremental property taxes generated in the Area, but will not be reduced by the amount of redevelopment project costs incurred in the Area which are paid from incremental property taxes generated in contiguous redevelopment project areas or those separated from the Area only by a public right-of-way.
All costs are in 2019 dollars and may be increased by five percent (5%) after adjusting for inflation reflected in the Consumer Price Index (CP1) for All Urban Consumers for All Items for the Chicago-Gary-Kenosha, IL-1N-WI CMSA, published by the U.S. Department of Labor. Promptly upon (i) payment of the total Redevelopment Project Costs for the Infrastructure Redevelopment Projects and (ii) maturity or redemption of all outstanding Developer Notes and any other obligations issued pursuant to the Act to finance Redevelopment Project Costs, the City intends to adopt an ordinance dissolving the special tax allocation fund for the Project Area and terminating the designation of the Project Area as a "redevelopment project area" under the terms of, and in accordance with, the Act.
Additional funding from other sources such as federal, state, county, or local grant funds may be utilized to supplement the City's ability to finance Redevelopment Project Costs identified above.
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Sources of Funds
Funds necessary lo pay for Redevelopment Project Costs and secure municipal obligations issued for such costs are to be derived primarily from incremental properly taxes. Oilier sources of funds which may be used to pay for Redevelopment Project Costs or secure municipal obligations are land disposition proceeds, state and federal grants, investment income, private financing and other legally permissible funds the City may deem appropriate. The City may incur Redevelopment Project Costs which are paid for from funds of the City other than incremental taxes, and the City may then be reimbursed from such costs from incremental taxes. Also, the City may permit the utilization of guarantees, deposits and other forms of security, made available by private sector developers. Additionally, the City may utilize revenues, other than State sales tax increment revenues, received under the Act from one redevelopment project area for eligible costs in another redevelopment project area that is either contiguous to, or is separated only by a public right-of-way from, the redevelopment project area from which the revenues are received.
The Area may be contiguous to or separated by only a public right-of-way from other redevelopment project areas created under the Act. The City may utilize net incremental property taxes received from the Area to pay eligible redevelopment project costs, or obligations issued to pay such costs, in other contiguous redevelopment project areas or project areas separated only by a public right-of-way, and vice versa. The amount of revenue from the Area, made available to support such contiguous redevelopment project areas, or those separated only by a public right-of-way, when added to all amounts used to pay eligible Redevelopment Project Costs within the Area, shall not at any time exceed the total Redevelopment Project Costs described in this Plan.
Issuance of Obligations
The City may issue obligations secured by incremental property taxes pursuant to Section 11-74.4-7 of the Act. To enhance the security of a municipal obligation, the City may pledge its full faith and credit through the issuance of general obligations bonds. Additionally, the City may provide other legally permissible credit enhancements to any obligations issued pursuant to the Act.
The redevelopment project described in the Plan shall be completed, and all obligations issued to finance redevelopment costs shall be retired, no later than December 31st of the year in which the payment to the City treasurer as provided in the Act is to be made with respect to ad valorem taxes levied in the twenty-third calendar year following the year in which the ordinance approving the Area is adopted.
Also, the final maturity date of any such obligations which are issued may not be later than 20 years from their respective dates of issue. One or more series of obligations may be sold at one or more times in order to implement this Plan. Obligations may be issued on a parity or subordinated basis.
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In addition to paying.Redevelopment Project Costs, incremental property (axes may be used for the scheduled retirement of obligations, mandatory or optional redemptions, establishment of debt service reserves and bond sinking funds. To the extent that incremental properly taxes are not needed for these purposes, and are not otherwise required, pledged, earmarked or otherwise designated for the payment of Redevelopment Project Costs, any excess incremental properly taxes shall then become available for distribution annually to taxing districts having jurisdiction over the Area in the manner provided by the Act.
Most Recent Equalized Assessed Valuation
The purpose of identifying the most recent equalized assessed valuation ("EAV") of the Area is to provide an estimate of the initial EAV which the Cook County Clerk will certify for the purpose of annually calculating the incremental EAV and incremental property taxes of the Area. The 2017 EAV of all taxable parcels in the Area is approximately $91,1 17,812. This total EAV amount, by Property Identification Number ("PIN"), is summarized in Appendix Table 3. The EAV is subject to verification by the Cook County Clerk. After verification, the final figure shall be certified by the Cook County Clerk, and shall become the Certified Initial EAV from which all incremental property taxes in the Area will be calculated by Cook County. The Plan has utilized the EAVs for the 2017 tax year. If the 2018 EAV shall become available prior to the date of the adoption of the Plan by the City Council, the City may update the Plan by replacing the 2017 EAV with the 2018 EAV.
Anticipated Equalized Assessed Valuation
Based upon the implementation of the Plan, numerous blighting factors will be eliminated and growth and development of the Area will occur in accordance with the redevelopment agreement(s) between the City and businesses in the Area and other interested parties. It is estimated that the total EAV of the real property following completion of the Plan in the Area will be approximately $2.1 billion based on a reasonably assumed schedule of development for the Area.
Potential Future Site Acquisition
To meet the goals and objectives of this Plan, the City may acquire and assemble property throughout the Area. Land assemblage by the City may be by purchase, exchange, donation, lease, eminent domain or through the Cook County Tax Reactivation Program and may be for the purpose of (a) sale, lease or conveyance to private developers, or (b) sale, lease, conveyance or dedication for the construction of public improvements or facilities. Furthermore, the City may require written redevelopment agreements with developers before acquiring any properties. As appropriate, the City may devote acquired property to temporary uses until such properly is scheduled for disposition and development.
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In connection with the City exercising its power to acquire real property, including the exercise of the power of eminent domain, under the Act in implementing the Plan, the City will follow its customary procedures of having each such acquisition recommended by the City's Community Development Commission (or any successor commission) and authorized by the City Council of the City. Acquisition of such real property as may be authorized by the City Council does not constitute a change in the nature of (his Plan.
The City does not intend to acquire any properly in the Area, therefore, no acquisition list is included in the Plan.
Affordable Housing
The City requires that developers who receive tax increment, financing assistance for market rate housing set aside 20% of the units (whether on-site or off-site or a combination thereof) to meet affordability criteria established by the City's Department of Planning and Development or any successor agency. Generally, this means the affordable for-sale units should be priced al a level that is affordable to persons earning no more than 100% of the area median income, and affordable rental units should be affordable to persons earning no more than 60% of the area median income. Specific requirements of each development shall be set forth in each respective redevelopment agreement.
Redevelopment and Intergovernmental Agreements
The City may enter into redevelopment agreements or intergovernmental agreements with private entities or public entities to construct, rehabilitate, renovate or restore private or public improvements on one or several parcels (collectively referred to as "Redevelopment Projects").
Potential Future Relocation Needs
Relocation assistance may be provided in order to facilitate redevelopment of portions of the Area, and to meet the other City objectives. Businesses or households legally occupying properties to be acquired by the City may be provided with relocation advisory and financial assistance as determined by the City.
CONFORMITY TO THE COMPREHENSIVE PLAN
This Plan includes land uses which will be approved by the Chicago Plan Commission prior to the adoption of the Plan.
Therefore, the overall proposed land use is consistent with the intent and direction set forth by comprehensive and strategic planning efforts.
PROVISIONS FOR AMENDING THE PLAN
The Plan may be amended by the City in accordance with the provisions in the Act.
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VIII. SCHEDULING OF PLAN
Over the life of the Area, the liming of business investment cannot be predicted with precision. However, it is reasonable to expect the following public and private investments over the life of the Area. As the Plan is implemented, the numerous blighting factors present in the Area will be eliminated.
The dates of completion of the Plan and retirement of obligations issued to finance Redevelopment Project Costs shall not be later than December 31 of the year in which the payment to the City Treasurer is to be made with respect to acl valorem taxes levied in the twenty-third calendar year after the year in which the ordinance approving the Area is adopted.
IX. AFFIRMATIVE ACTION PLAN
The City is committed to and will affirmatively implement the following principles with respect to this Plan:
1. The assurance of equal opportunity in all personnel and employment actions, with respect to the Plan, including, but not limited to hiring, training, transfer, promotion, discipline, fringe benefits, salary, employment working conditions, termination, etc., without regard to race, color, sex, age, religion, disability, national origin, ancestry , marital status, parental status, military discharge status, source of income, sexual orientation, or housing status.
Developers must meet the City's standards for participation of a minimum of 26 percent Minority Business Enterprises and 6 percent Woman Business Enterprises and the City Resident Construction Worker Employment Requirement as required in redevelopment agreements.
This commitment to affirmative action and nondiscrimination will ensure that all members of the protected groups are sought out to compete for all job openings and promotional opportunities.
Developers will meet City standards for any applicable prevailing wage rate as ascertained by the Illinois Department of Labor to all project employees.
The City shall have the right in its sole discretion to exempt certain small businesses, residential property owners and developers from the above.
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LACK OF GROWTH THROUGH PRIVATE INVESTMENT
Based on the Consultant's observations and research of the Area, there has been little new construction or much significant redevelopment in the Area as evidenced by:
A large portion of the area is vacant and has been for many years.
Based off the Eligibility Report, the presence of the blighting conditions show the lack of investment by the condition of the land, condition of buildings, the functional obsolescence and lack of transportation infrastructure (roadway and rail ) present.
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This Plan describes the comprehensive redevelopment program proposed to be undertaken by the City to create an environment in which private investment can reasonably occur. If a redevelopment project is successful, various new projects may be undertaken that will assist in alleviating the blighting conditions, creating new jobs, and promoting both public and private development in the Area.
In summary, the Area on the whole has not been subject to growth and development through investment by private enterprise, and the Area is not reasonably anticipated to further develop without the direct participation of the City through the implementation of the Plan and the use of tax increment financing.
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XI. FINANCIAL AND SERVICE IMPACTS ON TAXING' DISTRICTS
The Act requires an assessment of any financial impact of the Area on. or any increased demand for services from, any taxing district affected by (he Plan and a description of any program to address such financial impacts or increased demand. The City intends to monitor development in the Area and with the cooperation of the other affected taxing districts will attempt to ensure that any increased needs are addressed in connection with any particular development.
The following major taxing districts levy property tax on land located within the Area:
Cook County - Cook County has the principal responsibility for the protection of persons and property, the provision of public health services, and the maintenance of County highways.
Cook County Forest Preserve District - This District is responsible for acquisition, restoration and management of lands for the purpose of protecting and preserving open space in the City and County for the education, pleasure and recreation of the public.
Metropolitan Water Reclamation District of Greater Chicago - This District provides the main sewerage lines for the collection, treatment, and disposal of waste water from municipalities.
Chicago Community College District 508 - This district is a unit of the State of Illinois' public community college system. Their objective is to meet the educational needs of the residents of the City and other Illinois residents seeking higher educational programs and vocational services.
Board of Education of the City of Chicago - The Board of Education is responsible for the provision of educational services and the provision, operation, and maintenance of education facilities for students ranging from Kindergarten through Senior Year in High School (e.g., 12"'Grade).
Chicago Park District - This District is responsible for the provision, maintenance, and operation of park and recreational facilities throughout the City.
City of Chicago - The City is responsible for the provision of a wide range of municipal services, including, but not limited to: sanitation, water distribution and supply, police protection, fire protection, planning and development, building, housing and zoning codes, and many others.
In addition to the major taxing districts delineated above, the City of Chicago Library Fund and Chicago Urban Transportation District have taxing jurisdiction over the Area. Although these districts no longer extend taxing levies, they continue to exist for purposes of receiving delinquent property taxes.
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The implementation of the Plan is expected to have short and long term financial impacts on the affected taxing districts. During the period when tax increment is utilized, real estate tax revenues from the increases in EAV over and above the Certified Initial EAV may be used to pay-eligible redevelopment project costs in the Area. At the time when the Area is no longer in place under the Act, the real estate tax revenues resulting from the redevelopment oflhe Area will be distributed to all taxing districts levying taxes against property located in the Area. These revenues will then be available for use by all taxing districts.
Impact of the Redevelopment Plan and Project
The implementation of this Plan is anticipated to have a direct impact on the following taxing districts:
Metropolitan Water Reclamation District of Chicago - The development of currently vacant and underutilized land in the Area may cause increased demand for services and capital improvements provided by the Water Reclamation District.
Board of Education of the City of Chicago - The development of currently vacant and underutilized land in the Area may cause increased demand for services provided by the Board of Education of the City of Chicago.
City of Chicago - The replacement of currently vacant property with commercial space is anticipated to increase the demand for police protection, fire protection, sanitary collection, sewer service, recycling, etc.
Program to Address Increased Demand for Services or Capital Improvements
These taxing districts will continue to receive property tax revenues net of any incremental property tax revenues attributable to new development within the Area during the 23-year life of the Area. It is also reasonable to assume that the economic and financial benefits resulting from redevelopment efforts in the Area will extend into other sections of the adjacent community and generate additional revenues for the affected taxing districts. In addition, after the 23-year life of the Area, the taxing districts will receive the benefits of an increased property tax base. It is also reasonable to assume that the benefits of the increased property tax base would not occur without the implementation of the Plan and the use of tax increment financing. Specific programs for each affected taxing district are as follows:
Metropolitan Water Reclamation District of Chicago - Any increase in demand for treatment of sanitary and storm sewage associated with the Area can be addressed by the existing treatment facilities currently in place. Therefore, no assistance is proposed for this district.
Board of Education of the City of Chicago - It is expected that additional students will be generated in the area. It is reasonable at this time to anticipate that the current capacity of the Chicago Public Schools is adequate to absorb any additional student population. Therefore, no demand for assistance is anticipated at this time.
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City of Chicago - It is expected that the increase in demand for City services and programs associated with the Area can be adequately addressed by existing City staff, police, fire protection, sanitary collection, and recycling services currently operated and maintained by the City. Therefore, no special assistance is proposed for this taxing district.
However, during the life of this Area, the City does recognize that the implementation of the Plan may have greater impact on the City and other taxing districts than currently anticipated. Given the anticipated scope, timing, and future changes in the market conditions, it is difficult to estimate with any degree of certainty what these impacts may be, if any. However, the City will work with the taxing districts to provide the increase in necessary programs and services including, but not limited to, reasonable measures in any redevelopment agreements entered into with any developers or other entities to mitigate such fiscal impacts. Actions by the City may include, but are not limited to, the following:
Entering into redevelopment agreements or intergovernmental agreements with private entities or public entities to construct, rehabilitate, renovate or restore private or public improvements on one or several parcels (collectively referred to as "Redevelopment Projects").
Establishing one or more Special Service Areas to provide additional funds, solely from new development, to mitigate increased burden on the taxing districts.
Establishing special assessments to support City obligations.
The City may do all or none of these actions as determined solely by the appropriate City officials and City Council.
XII. HOUSING IMPACT STUDY
As set forth in the Act, if the redevelopment plan for a redevelopment project area would result in the displacement of residents from 10 or more inhabited residential units, or if the redevelopment project area contains 75 or more inhabited residential units and the City is unable to certify that displacement of residents from 10 or more inhabited residential units will not result from the Plan, the City must prepare a housing impact study and incorporate the study in the redevelopment project and plan.
The Area contains 507 residential units.
13ased on the assessment above, the City certifies that no displacement of residents will occur as a result of the Plan. Therefore, a full housing impact study has not been undertaken as part of this Plan.
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Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois
November 30,2018 Revised March 7, 2019 Revised April 4, 2019
City of Chicago Rahm Emanuel, Mayor
Department of Planning and Development David L. Reifman, Commissioner
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TABLE OF CONTENTS
EXECUTIVE SUMMARY
BASIS FOR REDEVELOPMENT
REDEVELOPMENT PROJECT AREA
ELIGIBILITY OF A BLIGHTED AREA
FINDINGS
Appendix
Map 1 - Boundary Map
Map 2 - Existing Land Use Map
Map 3 - Proposed Land Use Map
Appendix Table 1 - Parcel Numbers for Vacant Areas
Appendix Table 2 - Parcel Numbers for Improved Areas
Appendix Table 3 - Parcel Numbers and estimated 2017 Equalized Assessed Value
Legal Description
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Execulive Summary
Purpose of Keport
Laube Consulting Group LLC (the "Consultant"') has been engaged to prepare this Eligibility Report of a Proposed Roosevelt/Clark lax Increment financing Redevelopment Area (the or this '¦Report") for tax increment allocation financing for the proposed Roosevelt/Clark Redevelopment Project Area (the "Area") in order to assist the City of Chicago (the "City") in determining whether or not this area of the City qualifies for designation as a redevelopment project area under the Illinois Tax Increment Allocation Redevelopment Act (65 ILCS 5/1 1-74.4-1 et. seq.) (the "Act"). This report summarizes the analyses and findings of the Consultant's work, which is the responsibility of the Consultant. The Consultant has prepared this Report with the understanding that the City would rely: 1) on the findings and conclusions of this Report in proceeding with the designation of the Area as a redevelopment project area under the Act, and 2) on the fact that the Consultant has obtained the necessary information to conclude that the Area can be designated as a redevelopment project area in compliance with the Act.
Scope of Report
The Report identifies proposed boundaries of the proposed Area which were developed based on the existence of certain blighting factors present in the Area. The Report establishes the blighting, factors which are present in the Area on a parcel by parcel basis.
Methodology
The Consultant conducted various surveys, within the Area, of existing conditions and land uses. In conducting these.surveys, the Area conditions were documented and tabulated by the types of blighting factors delineated in the Act. An analysis was made of each of the blighting factors to determine the locations and extent to which each of the factors is present in the Area. Listed below are the types of surveys and analyses conducted by the Consultant.
Exterior survey of the condition of the area;
Analysis of current parcel configurations, sizes and layouts;
Site survey of streets, driveways, sidewalks, curbs, gutters, lighting, parking, landscaping, fences and walls, and general property maintenance; and
Analysis of real estate property values for all tax parcels within the Area for years 2012 -2017.
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Based on the above surveys and analyses and through the application of the language of the Act. the Consultant was able to determine which blighting factors were applicable to the various parcels within the Area.
Findings Under (lie Act
A vacant blighted area must have at least 1 of 7 possible blighting factors in order to qualify as a blighted area. The vacant parcels exhibited 2 out of 7 blighting factors. Specifically the factors arc obsolete platting and environmental clean-up costs, (collectively comprising 1 factor under the Act), and unused disposal site.
An improved area can either qualify as a blighted area or a conservation area. In this case, the improved area qualifies as an improved blighted area, so the improved parcels must have 5 of 1.3 blighting criteria. The Improved Parcels (as hereinafter defined) have 5 of 13 factors.
In summary, the Consultant believes the Area, based upon the criteria delineated in the Act, qualifies for eligibility as a "blighted area" under the Act. However, the ultimate responsibility for designation lies with the City. The purpose of this Report is to assist the City in the decision process of establishing a redevelopment project area as defined by the Act.
II. Basis for Redevelopment
As set forth in the Act, the Illinois General Assembly has determined that in order to promote and protect the health, safety, morals, and welfare of the public, blighted conditions need to be eradicated. The Act also states that "eradication of these blighted areas by redevelopment projects is hereby declared to be essential to the public interest." Prior to adopting an ordinance authorizing the use of tax increment financing under the Act for a proposed redevelopment area, certain statutory requirements must be met. One of the requirements is that the municipality must demonstrate that the proposed redevelopment area qualifies as a "blighted area". In this case, the Consultant has documented the statutory blighting factors under the Act. To designate the Area as a blighted area, the City must determine the following:
One or more blighting criteria are present in the Area for the vacant parcels of land. (65 ILCS 5/11-74.4-3).
That the Improved Parcels have five or more blighting criteria. (65 ILCS 5/11-74.4-3).
The following statements provide the legislative basis for tax increment financing in Illinois:
The existence of blighted areas or areas close to being blighted threatens the sound growth of the lax base and negat ively impacts the welfare of the public. In addition, the welfare of the public would be enhanced through the development of blighted areas.
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The blighting conditions in the Area need to be eradicated, conservation measures instituted, and redevelopment oi blighted areas undertaken to alleviate these blighting conditions. The alleviation of Might through development is essential to the public interest.
The Area should be developed or redeveloped through the use of incremental property tax revenues derived from tax rates of other taxing districts located in the Area. Taxing districts in the Area would not derive the benefits of an increased assessment base without the benefits of tax increment financing. All taxing districts benefit from the removal of blighting conditions.
It is necessary to eliminate these blighting conditions for private development to take place.
III. Redevelopment Project Area
The Area encompasses approximately 135 acres of land in the City including the public rights-of-way. The Area generally is bounded by Harrison Street to the north, the Chicago River to the west, Clark Street the cast and Archer Avenue to the south. (Please see legal description and boundary map in the Appendix.)
Blighting Conditions
The Consultant visited the Area to ascertain the physical condition of properties and infrastructure located within the Area. The Consultant also gathered and reviewed various data from the environmental and geotechnical reports provided by the land owner, the City, and Cook County associated with the parcels located within the Area.
Based on the Consultant's review of the Area, the Consultant believes that a sufficient basis exists for the identification of a blighted area and establishment of a redevelopment project area at this location under the Act.
Specifically, under the Act, the. vacant parcels exhibited 2 of 7 blighting factors.
Additionally, under the Act, the buildings on the improved parcels exhibited 5 of 13 blighting factors.
It is the Consultant's conclusion that the blighting factors are reasonably distributed throughout the Area.
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V. Eligibility of a Blighted Area Under the Act
A blighted area can be either improved or vacant. If the area is improved (e.g with industrial, . commercial, or residential buildings or improvements), a finding may be made that the area is blighted because of the presence of a combination of live or more of the following thirteen factors or a conservation area if at least 50% of the buildings are 35-years or older and have three of the following thirteen factors: (65 ILCS 5/1 1-7-1.4-3).
Dilapidation
Obsolescence
Deterioration
Presence of structures below minimum code standards
Illegal use of individual structures
Excessive vacancies
Lack of ventilation, light, or sanitary facilities
Inadequate utilities
Excessive land coverage and overcrowding of structures and community facilities
Deleterious land-use or layout
Environmental clean-up
Lack of community planning
The total EAV of the proposed redevelopment project area has declined 3 of the last 5 years.
If the area is vacant (e.g., without building improvements), a finding may be made that the area is blighted because of the presence of a combination of one or more of the following seven factors: (65 ILCS 5/11-74.4-3).
1. If the area is vacant (e.g. property without industrial, commercial, and residential
buildings which has not been used for commercial or agricultural purposes within 5 years prior to the designation of the project area), a finding may be made that the area is impaired by a combination of two or more of the six following sub-factors:
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Obsolete platting of vacant land that results in parcels of limited or narrow size or configurations of parcels of irregular size or shape that would be difficult to develop on a planned basis and in a manner compatible with contemporary standards and requirements, or platting that failed to create rights-of-ways for streets or alleys or that created inadequate rights-of-way widths for streets, alleys, or other public rights-of-way or that omitted easements for public utilities.
Diversity of ownership of parcels of vacant land sufficient in number to retard or impede the ability to assemble the land for development.
Tax and special assessment delinquencies exist or the property has been (he subject of tax sales under the Property Tax Code within the last 5 years. ¦
Deterioration of structures or site improvements in neighboring areas adjacent to the vacant land.
The area has incurred Illinois Environmental Protection Agency or United States Environmental Protection Agency remediation costs for, or a study conducted by an independent consultant recognized as having expertise in environmental remediation has determined a need for, the clean-up of hazardous waste, hazardous substances, or underground storage tanks required by State or federal law, provided that the remediation costs constitute a material impediment to the development or redevelopment of the redevelopment project area.
The total equalized assessed value of the proposed redevelopment project area has declined for 3 of the last 5 calendar years prior to the year in which the redevelopment project area is designated or is increasing at an annual rate that is less than the balance of the municipality for 3 of the last 5 calendar years for which information is available or is increasing at an annual rate that is less than the Consumer Price Index for All Urban Consumers published by the United States Department of Labor or successor agency for 3 of the last 5 calendar years prior to the year in which the redevelopment project area is designated.
The area consists of one or more unused quarries, mines, or strip mine ponds;
The area consists of unused rail yards, rail tracks, or railroad right-of-way;
The area prior to its designation, is subject to chronic flooding that adversely impacts on real property in the area which is included in or (is) in proximity to any improvement on real property which has been in existence for at least 5 years and which substantially contributes to such flooding;
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The area consists of an unused or illegal disposal site, containing earth, stone, building debris or similar material, which was removed from construction, demolition, excavation or dredge sites;
T he area is not less than 50 nor more than 100 acres, and 75% of which is vacant, notwithstanding the fact that such area has been used for commercial agricultural purposes within 5 years prior to the designation of the redevelopment project area, and which area meets at least one of the factors itemized in the Act, and the area has been designated as a town or village center by ordinance or comprehensive plan adopted prior to January 1, 1982, and the area has not been developed for that purpose;
7. The area qualified as a blighted improved area immediately prior to becoming vacant.
V. Findings From the Eligibility Survey and Analysis Under the Act
An analysis was made of each of the blighting factors listed in the Act to determine whether each or any are present in the Area and, if so, to what extent and in what locations. Surveys and analyses within the Area included:
Survey of the condition of the parcels;
Field survey of conditions of sidewalks, curbs and gutters, lighting, parking facilities, landscaping, fences and walls, and general property maintenance;
Analysis of existing uses and their relationships to neighboring properties; and
Site coverage.
The parcels representing vacant parcels that were evaluated under the vacant land blighting criteria can be found in Appendix Table 1.
The parcels representing improved parcels that were evaluated under the improved blighting criteria can be found in Appendix Table 2.
Each blighting factor is rated on one of the three following categories:
Not Present Indicates that no information was available or that no evidence could be documented as part of the various surveys and analyses.
Present to a Limited Extent Indicates that conditions exist which document that the factor is present, but the distribution of impact ofthe blighting condition is limited.
Present to a Major Extent Indicates that conditions exist which document that the factor is present throughout a major portion of the proposed Area and the presence of such conditions have an influence on adjacent and nearby development.
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The following is a summary evaluation of the respective factors, presented in the order of their listing in the Act. A definition of each category is presented followed by the conditions that exist and the relative extend to which each factor is present.
Vacant Blighted Area
VACANT LAND FACTOR 1 - Combination of Two Factors
A combination of two or more of the following factors: obsolete platting of the vacant land, diversity of ownership of such land, tax and special assessment delinquencies on such land, deterioration of structures or site improvements in neighboring area adjacent to the vacant land, existence of remediation costs incurred due to Illinois Environmental Protection Agency or United States Environmental Protection Agency standards, the decline of the equalized assessed value of the property for 3 of the last 5 calendar year prior to the year in which the redevelopment project area was designated.
A. Obsolete Platting of the Vacant Land
Section 1 l-74.4-3(a)(2)(A) of the Act: "Obsolete platting of vacant land that results in parcels of limited or narrow size or configurations of parcels of irregular size or shape that would be difficult to develop on a planned basis and in a manner compatible with contemporary standards and requirements, or platting that failed to create rights-of-ways for streets or alleys or that created inadequate right-of-way widths for streets, alleys, or other public rights-of-way or that omitted easements for public utilities. "
The Vacant Parcels in their current configurations exhibit irregular sizes and shapes that will make it difficult to develop the Area in a manner that is compatible with contemporary standards and requirements.
The American Institute of Real Estate Appraisers defines obsolescence as follows: "One of the causes of depreciation. An impairment of desirability and usefulness caused by new inventions, current changes in design, improved processes for production, or external factors that make a property less desirable and valuable for a continued use; may be either functional or external [economical]."
Real estate development is driven by the highest and best use of a property at the time the property is developed. Over time, changes in technology, design, and economics may alter the highest and best use of a property causing it to become functionally or economically obsolete. Obsolescence has an overall blighting effect on the surrounding area, detracting from the desirability of the overall area.
Conclusion for Obsolete Platting - Present to a Major Extent
The lack of interior access roads and the current parcel configuration make it difficult to accommodate multiple users or the development plans that are in conformance with the planning
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efforts of the City. The configuration was conducive to a rail yard and is not practical for contemporary development standards or standards associated with the Plan for the Area as proposed by the City. The Area's configuration, lay-out, and lack of access roads and other basic infrastructure make it obsolete by modern-day standards and create a material and serious impediment to development on the site. The factor applies to all Vacant Parcels.
Ii. Diversity of Ownership
Section 1 1-74.4-3(a)(2)(B) of the Act: " Diversity ofownership of parcels of vacant land sufficient in ninii her to retard or impede the ability to assemble the land for development. "
All parcels are currently owned by one entity. Conclusion for Diversity of Ownership - Not Present
Tax and Special Assessment Delinquencies Exist
Section 1 l-74.4-3(a)(2)(C) of the Act: "Tax and special assessment delinquencies exist or the property has been the subject oj tax sales under the Property Tax Code within the last 5 years. "
All taxes and assessments are currently up to date with respect to payment. Conclusion for Tax and Special Assessment Delinquencies - Not Present
Deterioration of structures or site improvements in neighboring areas
Section 1 l-74.4-3(a)(2)(D) of the Act: "Deterioration of structures or site improvements in neighboring areas adjacent to the vacant land. "
Conclusion for Deterioration of Structures in Neighboring Areas - Not Present
Illinois Environmental Protection Agency remediation costs incurred
Section i l-74.4-3(a)(2)(E) of the Act: "77/t? area has incurred Illinois Environmental Protection Agency or United States Environmental Protection Agency remediation costs for, or a study conducted by an independent consultant recognized as having expertise in environmental remediation has determined a need for, the clean-up of hazardous waste, hazardous substances, or underground storage tanks required by State or federal law, provided that the remediation costs constitute a material impediment to the development or redevelopment of the redevelopment project area. "
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1. Historical Environmental Investigations and Remediation Activities Conducted by historic owners in the Area
The Roosevelt Parcels contain polychlonnated biplienyl ("PC 13") based on testing of the area. One sample detected PCBs at a concentration of 10.2 parts per million ("PPM") and another at 3.39 PPM. Generally, the EPA would require involvement in the closure process if concentrations are higher than 10 PPM. The other significance of 10 PPM PCBs is that for residential use of the property, this area would require a barrier and low occupancy use restrictions which is generally reserved for parking lots and where occupancy would be less than 6.7 hours a week on average.
As a result of this, shallow soils that are excavated and hauled off from the site will not meet the disposal criteria for clean construction and demolition debris and will require disposal at a special waste site (subtitle D landfill) at a cost premium when compared with clean soils.
The cost of remediation is anticipated to be significant.
The Riverline Parcels have environmental conditions present. Soil and groundwater samples collected during previous subsurface investigations were analyzed for volatile organic compounds, semi VOC's, polynuclear biphenyls, target compound list items, conservation and recovery metals and pH levels. The IEPA issued a comprehensive No Further Remediation letter. According to the terms and conditions of the NFR letter, three feet of clean soil covering the contaminated soil must be maintained and remain in place as an engineered barrier and groundwater cannot be used as potable water source.
Conclusion- Present to a Major Extent
F. The total equalized assessed value of the proposed redevelopment project area has declined for 3 of the last 5 calendar years
Section 1 l-74.4-3(a)(2)(F) of the Act: "Tlie total equalized assessed value of the proposed redevelopment project area has declined for 3 of the last 5 calendar years prior to the year in which the redevelopment project area is designated or is increasing at an annual rate that is less than the balance of the municipality for 3 of the last 5 calendar years for which information is available or is increasing at an annual rate that is less than the Consumer Price Index for All Urban Consumers published by the United States Department of Labor or successor agency for 3 of the last 5 calendar years prior to the year in which the redevelopment project area is designated. "
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Analysis - The percentage in Ihe Area KAV has increased more than the percentage increase in the Consumer Price Index and the percentage increase in the overall EAV for the City for the past 3 of 5 years.
Conclusion for Vacant Land Blighting factor 1 - Not Present
VACANT LAND FACTOR 2 - Unused Quarries or Mines
Section 11-74.4-3(a)(3)(A) of the Act: "The area consists of one or more ionised quarries, mines, or stri/i mine ponds. "
Analysis - There are no quarries, mines, or strip mind ponds present. Conclusion for Vacant Land Blighting Factor 2 - Not Present
VACANT LAND CRITERIA 3 - Unused Rail
Section 1 l-74.4-3(a)(3)(B) of the Act: "The area consists of unused rail yards, rail tracks, or railroad right-of-way."
Conclusion for Vacant Land Blighting Factor 3 - Not Present
VACANT LAND FACTOR 4 - Chronic Flooding
Section 1 l-74.4-3(a)(3)(C) of the Act: "the area, prior to its designation, is subject to (i) chronic flooding that adversely impacts on real property in the area as certified by a registered professional engineer or appropriate regulatoty agency or (ii) surface water that discharges from all or a part of the area and contributes to flooding within the same watershed, but only if the redevelopment project provides for facilities or improvements to contribute to the alleviation of all or part of the flooding. "
Conclusion for Vacant Land Blighting Factor 4 - Not Present
VACANT LAND FACTOR 5 - Unused Disposal Site
Section 1 l-74.4-3(a)(3)(D) of the Act: "The Area consists of an unused or illegal disposal site, as defined by the Act, containing earth, stone, building debris or similar material, which were removed from construction, demolition, excavation or dredge sites. "
Conclusion for Vacant Land Building Factor 5 - Present to a Major Extent
Analysis
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City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
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Roosevelt Parcels
I "he soil borings lor the geotechnical analysis to determine the condition of the soils found that old construction debris exists in the soils on this site. Specifically in a depth from ) - 7 feel dow n below the surface exists line gravel, bricks, coarse sand, glass fragments, and.broken limestone, from 7.5 - 1 7.5 feet down have cinders and broken brick throughout the site, from 20 - 30.5 feet down exists the presence of cinders, line gravel and brick fragments. These conditions are evenly distributed throughout the site in all material respects.
These conditions arc largely caused by the Tact that the Chicago River once flowed through the middle of the Area and was filled in by building debris and organic materials. The Chicago River was moved to the west of the site as it currently is today.
As a result of these conditions and other organic soils in the Area, a higher level of compaction is necessary to support the loads of construction. Additionally, it is recommended that new fill should be added and compacted as is determined on building by building basis.
Rivcrlinc Parcels
A large portion of the Riverlinc Parcels contains the original channel of the south branch of the Chicago River. This former channel was filled with miscellaneous fill materials. The fill material going from 4-23 feet down is comprised of fragments of concrete, bricks, wood, concrete, slag, cinders, silt and gravel. These are all remnants of previous demolished building and structures that existed in the area and were dumped onto the site and into the former river channel.
Conclusion for all Vacant Parcels - Present to a Major Extent
VACANT LAND FACTOR 6 - Vacancy
Sect ion 1 l-74.4-3(a)(3)(E) of the Act: "Prior to November 1, 1999, the area is not less than 50 nor more than 100 acres, and 75% of which is vacant, notwithstanding the fact that such area has been usedfor commercial agricultural purposed within 5 years prior to the designation of the , Area, and which Area meets at least one of the factors itemized in the Act, and the area has been designated as a town or village center by ordinance or comprehensive plan adopted prior to January 1, 1982, and the Area has not been developedfor that purpose. "
Conclusion for Vacant Land Building Factor 6 - Not Present
VACANT LAND FACTOR 7 - Former Improved Blighted Area
Section 1 l-74.4-3(a)(3)(F) of the Act: "The area qualified as a blighted improved area immediately prior to becoming vacant, unless there has been substantial private investment in the immediately sin-rounding area. "
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019- Revised April 4, 2019
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Conclusion for Vacant Land Building Factor 7 - Not Present
OVERALL CONCLUSION FOR 111 I- VACANT PARCELS
The vacant parcel clearly demonstrated two (2) of the seven (7) blighting factors delineated for vacant parcels in the Act. The Area exhibited two sub-criteria, resulting in meeting the first factor, and two additional factors, totaling three of the seven blighting factors. Since only one (1) of seven (7) is necessary or two (2) of the first set of six (6) (considered Factor I) or one (1) of a second set of six (6), the vacant parcel qualifies as blighted under the Act.
IMPROVED BLIGHTED AREA 1. Dilapidation
The Act defines Dilapidation: "An advanced state of disrepair or neglect of necessary repairs to the primary structural components of buildings or improvements in such a combination that a documented building condition analysis determines that major repair is required or the defects are so serious and so extensive that the buildings must be removed."
. Dilapidation as a factor, then, should be based upon the documented presence and reasonable distribution of buildings and improvements that are in an advanced state of disrepair. Reasonable and defensible criteria should be developed to be used in determining the comparative quality of all buildings and improvements in the proposed project area, including a specific showing of those found in an advanced state of disrepair.
Building components examined were of two types:
Basic Structural - Includes the basic elements of a building: foundation walls, load bearing walls and columns, floor structure, roof and roof structure.
Structural Components - Includes normal additions to structures such as porches and steps, window and window units, doors and door units, chimneys, and gutters and downspouts.
Overall Conclusion - Not Present
2. Obsolescence
The Act defines Obsolescence: "The condition or process of falling into disuse. Structures have become ill suited for the original use." Obsolete buildings are characterized by conditions indicating that they arc not readily adaptable for modern uses. In this case, the buildings are evaluated based on modern industry standards.
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
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Obsolescence can be broken into the following two categories. Functional Obsolescence
Functional obsolescence occurs when buildings can no longer perform their intended function in an efficient manner. For example, buildings are obsolete w hen they contain characteristics or deficiencies which limit the use and marketability of such buildings. In manufacturing for example, buildings may become obsolete over time due to changes in manufacturing methods or changes in industry standards.
Economic Obsolescence
Economic obsolescence occurs when the values of buildings decline due to market conditions, vacancies, neighborhood decline, property location within a community, or other factors which affect the economic value of buildings. These factors are generally beyond the owners' control.
Site improvements, including sewer and water lines, public utility lines (i.e., gas, electric and telephone), parking areas, sidewalks, curbs and gutters, and lighting may also evidence obsolescence in terms of their relationship to contemporary development standards for such improvements.
The buildings in the Area demonstrate functional obsolescence. The results of our analysis indicate that the majority of the parcels demonstrate obsolescence to a major extent.
Improved Parcels - These parcels demonstrate functional obsolescence to a major extent.
The ingress/egress to vehicular traffic to the site is along Wells Street and is very narrow and is being used by normal automobile traffic and all of the police vehicles (cars and trucks). We observed major traffic backups along Wells Street due to this dynamic and Wells Street dead ends with no egress going south. The southern-most building was built in a previous era for a specific user, and therefore does not have an adaptive re-use without significant renovation. Additionally, the outmoded layout of the building and uses, does not lend itself towards an adaptive reuse that has market viability as it was constructed in a previous era.
As a result, the economic value of these buildings in their current state has declined significantly over their original use. Therefore, the Improved Parcels demonstrate functional obsolescence to a major extent.
Conclusion - Present to a Major Extent
3. Deterioration
The Act defines Deterioration: "With respect to buildings, defects including, but not limited to, major delects in the secondary building components such as doors, windows, porches, gutters and downspouts, and fascia. With respect to surface improvements, that condition of roadways, alleys, curbs, gutters, sidewalks, off-street parking, and surface storage areas evidence
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 201X - Revised March 7, 2019 - Revised April 4, 2019
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deterioration, including, but not limited to. surface cracking, crumbling, potholes, depressions, loose paving material, and weeds protruding through paved surfaces."
The condition of roadways, gutters, sidewalks, off-street parking and surface areas may also evidence deterioration, as well as surface cracking, crumbling, potholes, depressions, loose paving materials, weeds/grasses protruding through the concrete and asphalt surfaces, and conditions of general property maintenance.
Conclusion - Present to a Major Extent
Improved Parcels - the area exhibits deterioration as evidenced by rusty fences, paint chipping on fences, cracking and significant breaking of the sidewalks and curbs in.the area, water damage via rott ing wood and paint severely peeling on the roof/eves of the building, overgrown weeds in the parkway and fence line, and rusty utility boxes. Specifically, the southernmost building requires significant facade repairs, roof and Hashing replacement, parking lot and catch basin repairs, a new HVAC system and many other upgrades to correct the deterioration present on the building.
Therefore, deterioration is present to a major extent.
4. Presence of Structures Below Minimum Code Standards
The Act defines Presence of structures below minimum code standards: "All structures that do not meet the standards of zoning, subdivision, building, fire, and other governmental codes applicable to property, but not including housing and property maintenance codes."
The principal purposes of such codes are to require building to be constructed in such a way as to sustain the safety of certain loads expected from these types of occupancy, to be safe for occupancy against fire and similar hazards, and to establish minimum standards essential for safe and sanitary habitation. Structures below minimum code standards are characterized by defects or deficiencies, which threaten the health and safety of its inhabitants.
Conclusion - Not Present
5. Illegal Use of Individual Structures
The Act defines illegal use of individual structures: "The use of structures in violation of applicable federal, State, or local laws, exclusive of those applicable to the presence of structures below minimum code standards."
Some examples of such illegal use include the conduct of any illegal vice activities such as drug manufacture or dealing and prostitution sale, or uses in violation of national, state, or local environmental and,occupational safety and health regulations.
Conclusion - Not Present
Roosevelt/Chirk Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
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Excessive Vacancies
The Act defines excessive vacancies: "The presence ol buildings that are unoccupied or underutilized and that represent an adverse influence on the area because of the frequency, extent or duration of the vacancies."
It includes properties which evidence no apparent effort directed toward their occupancy, utilization and vacancies within buildings.
Conclusion - Not Present
Lack of Ventilation, Light, or Sanitary Facilities
The Act defines lack of ventilation, light, or sanitary facilities: "The absence of adequate ventilation for light or air circulation in spaces or rooms without windows, or that require the removal of dust, odor, gas, smoke, or other noxious airborne materials. Inadequate natural light and ventilation means the absence or inadequacy of skylights or windows for interior spaces or rooms and improper window sizes and amounts by room area to window area ratios. Inadequate sanitary facilities refers to the absence or inadequacy of garbage storage and enclosure, bathroom facilities, hot water and kitchens, and structural inadequacies preventing ingress and egress to and from all rooms and units within a building."
This refers to substandard conditions which adversely affect the health and welfare of building occupants, (e.g., residents, employees, or visitors.)
Conclusion - Not Present
Inadequate Utilities
The Act defines inadequate utilities: "Underground and overhead utilities such as storm sewers and storm drainage, sanitary sewers, water lines, and gas, telephone, and electrical services that are shown to be inadequate. Inadequate utilities are those that are: (i) of insufficient capacity to serve the uses in the redevelopment project area, (ii) deteriorated, antiquated, obsolete, or in disrepair, or (iii) lacking within the redevelopment project area."
Conclusion - Present to a Major Extent
Entire Area - According to data provided by the City, the underground utilities, particularly the water mains and sewer lines, have reached the end of their 100-year useful service lives. Additionally, other additions and replacements are needed to the water mains and sewer lines due to insufficient size to comply with modern capacity requirements.
Due to the age and condition of the water and sewer lines, inadequate utilities were found to be present to a major extent on these parcels.
Roosevelt/Clark Tax Increment Financing Eligibility Report
Citv of Chicago, Illinois - November 30, 20139
9. Excessive Land Coverage and Overcrowding of Structures and Community Facilities
The Act defines excessive land coverage and overcrowding of structures and community facilities: "The over-intensive use of properly and the crowding of buildings and accessory facilities onto a site. Examples of problem conditions warranting the designation of an area as one exhibiting excessive land coverage are: the presence of buildings either improperly situated on parcels or located on parcels of inadequate size and shape in relation to present-day standards of development for health and safety and the presence of multiple buildings on a single parcel. For there to be a finding of excessive land coverage, these parcels must exhibit one or more of the following conditions: insufficient provision for light and air within or around buildings, increased threat of spread of fire due to the close proximity of buildings, lack of adequate or proper access to a public right-of-way, lack of reasonable required off-street parking, or inadequate provision for loading and service."
Conclusion - Not Present :,
Deleterious Land-Use or Layout
The Act defines deleterious land-use or layout: "The existence of incompatible land-use relationships, buildings occupied by inappropriate mixed-uses, or uses considered to be noxious, offensive, or unsuitable for the surrounding area."
Conclusion - Present to a Major Extent
Improved Parcels - This size, shape, and configuration of these parcels are irregular and lack a coordinated planning effort. The building configuration on the parcels along these improved commercial corridors is irregular in that the building separations are sometimes non-existent. The building was built without a fully coordinated planning effort of improving the Riverline as it is being done today.
Environmental Remediation
The Act defines environmental remediation: "The area has incurred Illinois Environmental Protection Agency or United States Environmental Protection Agency remediation costs for, or a study conducted by an independent consultant recognized as having expertise in environmental remediation has determined a need for, the clean-up of hazardous waste, hazardous substances, or underground storage tanks required by State or federal law, provided that the remediation costs constitute a material impediment to the development or redevelopment of the redevelopment project area."
Conclusion - Not Present
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 201H - Revised March 7, 2019- Revised April 4, 2019
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12. Lack of community planning
The Act defines lack orcommunity planning: "The proposed redevelopment project area was developed prior to or without the benefit or guidance of a community plan. This means that the development occurred prior to the adoption by the municipality of a comprehensive or other community plan or that the plan was not followed at the time oflhe area's development. This factor must be documented by evidence of adverse or incompatible land-use relationships, inadequate street layout, improper subdivision, parcels of inadequate shape and size to meet contemporary development standards, or other evidence demonstrating an absence of effective community planning."
This indicates the area as a whole was developed without the benefit or guidance of overall community planning. Most of the properties within the Area were originally platted and developed on a parcel-by-parcel and building-by-building basis with little evidence of coordination and planning among buildings and activities. Specifically, the southernmost building, which is an office/industrial use, is next to residential uses. The lack of community planning at the time of the original development is one of several factors which have contributed to the problem conditions previously cited.
Conclusion - Present to a Major Extent
Improved Parcels - Although the development of this type of commercial use along arterial street boundaries may have coincided with the community planning in a previous era, the land uses of the Area as a whole lack coordination. The presence of the southernmost building creates a barrier in the coordinated planning effort to create a vibrant mixed-use neighborhood along the river with a fully integrated Riverwalk that connects all the various communities in the area with Chicago's core. As a result, the presence of this existing building creates a condition that needs to be addressed to coordinate with the current planning efforts of the City that include commercial, residential and open space to serve the residents.
Declining or Lagging Equalized Assessed Valuation
The Act defines declining or lagging equalized assessed valuation: "The total equalized assessed value of the proposed redevelopment project area has declined for 3 of the last 5 calendar years for which information is available or is increasing at an annual rate that is less than the balance of the municipality for 3 of the last 5 calendar years for which information is available or is increasing at an annual rate that is less than the Consumer Price Index for All Urban Consumers published by the United States Department of Labor or successor agency for 3 of the last 5 calendar years for which information is available."
Conclusion - Not Present
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 20IX - Revised March 7, 2019- Revised April 4, 2019
41
Summary of Findings
The conditions in the Area as a whole demonstrate that the Area has not been subject to growth and development through private investment. Under the Act, live of the thirteen blighting factors were found to be present in the vacant parcel in the boundary of the Area. The most frequent conditions were:
Deterioration
Obsolescence
Inadequate Utilities
Deleterious Land Use
Lack ofCommunity Planning
Unless corrected, these conditions will persist and continue to hinder future economic development in the Area.
Through the establishment of the Area and the use of tax increment financing, the City will be able to address the blighting factors that are present throughout the Area and promote development in the Area.
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 20IX - Revised March 7, 2019 - Revised April 4, 2019
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APPENDIX Map 1 - Boundary Map
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 20IH - Revised March 7, 2019 - Revised April 4, 2019
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Map 2 - Existing Land Use Map
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
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EXISTING LAND USE
CIS.-k/-To--roveIt Tib
Map 3 - Proposed Land Use Map
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 3(1, 20IX - Revised March 7, 2019 - Revised April 4, 2019
45
Appendix Table 1
Redevelopment Area Parcel Numbers- Vacant Parcels
The following parcels represent vacant parcels and were evaluated under the vacant land blighting criteria:
Roosevelt PINs
17-21-202-001-0000 17-21-203-002-0000 17-21-203-004-0000 17-21-203-005-0000 17-21-203-006-0000 17-21-203-007-0000 17-21-204-001-0000 17-21-206-001-0000 17-21-207-001-0000 17-21-208-002-0000 17-21-208-004-0000 17-21-208-005-0000 17-21-209-006-0000 17-21-209-007-0000 17-21-210-002-0000 17-21-210-003-0000 17-21-210-004-0000 17-21-210-005-0000 17-21-210-006-0000 17-21-210-007-0000 17-21-210-062-0000 17-21-210-064-0000 17-21-210-086-0000 17-21-210-087-0000 17-21-210-090-0000 17-21-210-092-0000 17-21-210-095-0000 17-21-210-098-0000 17-21-210-101-0000 17-21-210-137-0000
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
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17-21-410-001-0000 17-21-410-004-0000 17-21-410-011-0000 17-21-410-012-0000 17-21-426-001-0000 17-21-426-002-0000 17-21-426-003-0000 17-21-427-002-0000 17-21-428-001-0000 17-21-428-002-0000 17-21-428-003-0000 17-21-429-001-0000 17-21-430-001-0000 17-21-502-001-0000 17-21-503-003-0000 17-21-504-001-0000 17-21-504-002-0000 17-21-505-005-0000 17-21-505-007-0000 17-21-505-011-0000 17-21-505-013-0000 17-21-505-014-0000 17-21-505-023-0000
The "Roosevelt" Parcels
Riverline PINs
17-16-401-003-0000 17-16-401-008-0000 17-16-401-009-0000 17-16-401-013-0000 17-16-401-014-0000 17-16-416-004-0000 17-16-999-001-0000
The "Riverline" Parcels
Collectively referred to as the "Vacant Parcels".
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 201X - Revised March 7, 2019 - Revised April 4, 2019
47
Appendix Table 2
Redevelopment Area Parcel Numbers- Improved Parcels
The following parcels represent improved parcels and were evaluated under the improved blighted area criteria: v
PINs
17-16-401-017-1011
17-16-401-017-1012
17-16-401-017-1013
17-16-401-017-1014
17-16-401-017-1015'
17-16-401-017-1016
17-16-401-017-1017
17-16-401-017-1018
17-16-401-017-1019
17-16-401-017-1020
17-16-401-017-1021
17-16-401-017-1022
17-16-401-017-1023
17-16-401-017-1024
17-16-401-017-1025
17-16-401-017-1026
17-16-401-017-1027
17-16-401-017-1028
17-16-401-017-1029
17-16-401-017-1030
17-16-401-017-1031
17-16-401-017-1032
17-16-401-017-1033
17-16-401-017-1034
17-16-401-017-1035
17-16-401-017-1036
17-16-401-017-1037
17-16-401-017-1038
17-16-401-017-1039
17-16-401-017-1040
17-16-401-017-1041
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 3(1, 2018 - Revised March 7, 2019 - Revised April 4, 2019
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17-16-401-017-1042 17-16-401-017-1043 17-16-401-017-1044 17-16-401-017-1045 17-16-401-017-1046 17-16-401-017-1047 17-16-401-017-1048 17-16-401-017-1049 17-16-401-017-1050 17-16-401-017-1051 17-16-401-017-1052 17-16-401-017-1053 17-16-401-017-1054 17-16-401-017-1055 17-16-401-017-1056 17-16-401-017:1057 17-16-401-017-1058 17-16-401-017-1059 17-16-401-017-1060 17-16-401-017-1061 17-16-401-017-1062 17-16-401-017-1063 17-16-401-017-1064 17-16-401-017-1065 17-16-401-017-1066 17-16-401-017-1067 17-16-401-017-1068 17-16-401-017-1069 17-16-401-017-1070 17-16-401-017-1071 17-16-401-017-1072 17-16-401-017-1073 17-16-401-017-1074 17-16-401-017-1075 17-16-401-017-1076 17-16-401-017-1077 17-16-401-017-1078 17-16-401-017-1079 17-16-401-017-1080
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 20J9
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17-16-401-017-1081 17-16-401-017-1082 17-16-401-017-1083 17-16-401-017-1084 17-16-401-017-1085 17-16-401-017-1086 17-16-401-017-1087 17-16-401-017-1088 17-16-401-017-1089 17-16-401-017-1090 17-16-401-017-1091 17-16-401-017-1092 17-16-401-017-1093 17-16-401-017-1094 17-16-401-017-1095 17-16-401-017-1096 17-16-401-017-1097 17-16-401-017-1098 17-16-401-017-1099 17-16-401-017-1100 17-16-401-017-1101 17-16-401-017-1102 17-16-401-017-1103 17-16-401-017-1104 17-16-401-017-1105 17-16-401-017-1106 17-16-401-017-1107 17-16-401-017-1108 17-16-401-017-1109 17-16-401-017-1110 17-16-401-017-1111 17-16-401-017-1112 17-16-401-017-1113 17-16-401-017-1114 17-16-401-017-1115 17-16-401-017-1116 17-16-401-017-1117 17-16-401-017-1118 17-16-401-017-1119
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C ity of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
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17-16-401-017-1120 17-16-401-017-1121 17-16-401-017-1122 17-16-401-017-1123 17-16-401-017-1124 17-16-401-017-1125 17-16-401-017-1126 17-16-401-017-1127 17-16-401-017-1128 17-16-401-017-1129 17-16-401-017-1130 17-16-401-017-1131 17-16-401-017-1132 17-16-401-017-1133 17-16-401-017-1134 17-16-401-017-1135 17-16-401-017-1136 17-16-401-017-1137 17-16-401-017-1138 17-16-401-017-1139 17-16-401-017-H40 17-16-401-017-1141 17-16-401-017-1142 17-16-401-017-1143 17-16-401-017-1144 17-16-401-017-1145 17-16-401-017-1146 17-16-401-017-1147 17-16-401-017-1148 17-16-401-017-1149 17-16-401-017-1150 17-16-401-017-1151 17-16-401-017-1152 17-16-401-017-1153 17-16-401-017-1154 17-16-401-017-1155 17-16-401-017-1156 17-16-401-017-1157 17-16-401-017-1158
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
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17-16-401-017-1159 17-16-401-017-1160 17-16-401-017-1161 17-16-401-017-1162 17-16-401-017-1163 17-16-401-017-1164 17-16-401-017-1165 17-16-401-017-1166 17-16-401-017-1167 17-16-401-017-1168 17-16-401-017-1169 17-16-401-017-1170 17-16-401-017-1171 17-16-401-017-1172 17-16-401-017-1173 17-16-401-017-1174 17-16-401-017-1175 17-16-401-017-1176 17-16-401-017-1177 17-16-401-017-1178 17-16-401-017-1179 17-16-401-017-1180 17-16-401-017-1181 17-16-401-017-1182 17-16-401-017-1183 17-16-401-017-1184 17-16-401-017-1185 17-16-401-017-1186 17-16-401-017-1187 17-16-401-017-1188 17-16-401-017-1189 17-16-401-017-1190 17-16-401-017-1191 17-16-401-017-1192 17-16-401-017-1193 17-16-401-017-1194 17-16-401-017-1195 17-16-401-017-1196 17-16-401-017-1197
Roosevelt/Clark Tax Increment Financing Eligibility Report
Citv of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
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17-16-401-017-1198 17-16-401-017-1199 17-16-401-017-1200 17-16-401-017-1201 17-16-401-017-1202 17-16-401-017-1203 17-16-401-017-1204 17-16-401-017-1205 17-16-401-017-1206 17-16-401-017-1207 17-16-401-017-1208 17-16-401-017-1209 17-16-401-017-1210 17-16-401-017-1211
-i-j i/- a r\t rv-i -7 ni -i -L /"lO-tUl-Ul / - J.^.±Z.
17-16-401-017-1213 17-16-401-017-1214 17-16-401-017-1215 17-16-401-017-1216 17-16-401-017-1217 17-16-401-017-1218 17-16-401-017-1219 17-16-401-017-1220 17-16-401-017-1221 17-16-401-017-1222 17-16-401-017-1223 17-16-401-017-1224 17-16-401-017-1225 17-16-401-017-1226 17-16-401-017-1227 17-16-401-017-1228 17-16-401-017-1229 17-16-401-017-1230 17-16-401-017-1231 17-16-401-017-1232 17-16-401-017-1233 17-16-401-017-1234 17-16-401-017-1235 17-16-401-017-1236
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
17-16-401-017-1237 17-16-401-017-1238 17-16-401-017-1239 17-16-401-017-1240 17-16-401-017-1241 17-16-401-017-1242 17-16-401-017-1243 17-16-401-017-1244 17-16-401-017-1245 17-16-401-017-1246 17-16-401-017-1247 17-16-401-017-1248 17-16-401-017-1249 17-16-401-017-1250
i-7 I/- /ini r\i -j iiri J. / -10-4U1-U1/ "1Z.J1
17-16-401-017-1252
17-16-401-017-1253
17-16-401-017-1254"
17-16-401-017-1255
17-16-401-017-1256
17-16-401-017-1257
17-16-401-017-1258
17-16-401-017-1259
17-16-401-017-1260
17-16-401-017-1261
17-16-401-017-1262
17-16-401-017-1263
17-16-401-017-1264
17-16-401-017-1265
17-16-401-017-1266
17-16-401-017-1267
17-16-401-017-1268
17-16-401-017-1269
17-16-401-017-1270
17-16-401-017-1271
17-16-401-017-1272
17-16-401-017-1273
17-16-401-017-1274
17-16-401-017-1275
Rooseve.lt/Chu Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 201,S - Revised March 7, 2019 - Revised April 4, 2019
54
17-16-/101-017-1276 17-16-401-017-1277 17-16-401-017-1278 17-16-401-017-1279 17-16-401-017-1280 17-16-401-017-1281 17-16-401-017-1282 17-16-401-017-1283 17-16-401-017-1284 17-16-401-017-1285 17-16-401-017-1286 17-16-401-017-1287 17-16-401-017-1288 17-16-401-017-1289
1 ~7 ic mi r»-i ~7 -t inn
i / -1U-HU1-U1 / " J-t-OKJ
17-16-401-017-1291 17-16-401-017-1292 17-16-401-017-1293 17-16-401-017-1294 17-16-401-017-1295 17-16-401-017-1296 17-16-401-017-1297 17-16-401-017-1298 17-16-401-017-1299 17-16-401-017-1300 17-16-401-017-1301 17-16-401-017-1302 17-16-401-017-1303 17-16-401-017-1304 17-16-401-017-1305 17-16-401-017-1306 17-16-401-017-1307 17-16-401-017-1308 17-16-401-017-1309 17-16-401-017-1310 17-16-401-017-1311 17-16-401-017-1312 17-16-401-017-1313 17-16-401-017-1314
Roosevelt/Clark Tax Increment Financing Eligibility Report
City oj Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
55
17-16-401-017-1315
17-16-401-017-1316
17-16-401-017-1317
17-16-401-017:13I8
17-16-401-017-1319
17-16-401-017-1320
17-16-401-017-1321
17-16-401-017-1322
17-16-401-017-1323
17-16-401-017-1324
17-16-401-017-1325,
17-16-401-017-1326
17-16-401-017-1327
17-16-401-017-1328
17-16-401-017-1329
17-16-401-017-1330
17-16-401-017-1331
17-16-401-017-1332
17-16-401-017-1333
17-16-401-017-1334
17-16-401-017-1335
17-16-401-017-1336
17-16-401-017-1337
17-16-401-017-1338
17-16-401-017-1339
17-16-401-017-1340
17-16-401-017-1341
17-16-401-017-1342
17-16-401-017-1343
17-16-401-017-1344
17-16-401-017-1345
17-16-401-017-1346
17-16-401-017-1347
17-16-401-017-1348
17-16-401-017-1349
17-16-401-017-1350
17-16-401-017-1351
17-16-401-017-1352
17-16-401-017-1353
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
56
17-16-401-017-1354 17-16-401-017-1355 17-16-401-017-1356 17-16-401-017-1357 17-16-401-017-1358 17-16-401-017-1359 17-16-401-017-1360 17-16-401-017-1361 17-16-401-017-1362 17-16-401-017-1363 17-16-401-017-1364 17-16-401-017-1365 17-16-401-017-1366 17-16-401-017-1367 17-16-401-017-1368 17-16-401-017-1369 17-16-401-017-1370 17-16-401-017-1371 17-16-401-017-1372 17-16-401-017-1373 17-16-401-017-1374 17-16-401-017-1375 17-16-401-017-1376 17-16-401-017-1377 17-16-401-017-1378 17-16-401-017-1379 17-16-401-017-1380 17-16-401-017-1381 17-16-401-017-1382 17-16-401-017-1383 17-16-401-017-1384 17-16-401-017-1385 17-16-401-017-1386 17-16-401-017-1387 17-16-401-017-1388 17-16-401-017-1389 17-16-401-017-1390 17-16-401-017-1391 17-16-401-017-1392
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
57 .
17-16-401-017-1393 17-16-401-017-1394 17-16-401-017-1395 17-16-401-017-1396 17-16-401-017-1397 17-16-401-017-1398 17-16-401-017-1399 17-16-401-017-1400 17-16-401-017-1401 17-16-401-017-1402 17-16-401-017-1403 17-16-401-017-1404 17-16-401-017-1405 17-16-401-017-1406 17-i5-/,ni -n17-1 /""1*7 17-16-401-017-1408 17-16-401-017-1409 17-16-401-017-1410 17-16-401-017-1411 17-16-401-017-1412 17-16-401-017-1413 17-16-401-017-1414 17-16-401-017-1415 17-16-401-017-1416 17-16-401-017-1417 17-16-401-017-1418 17-16-401-017-1419 17-16-401-017-1420 17-16-401-017-1421 17-16-401-017-1422 17-16-401-017-1423 17-16-401-017-1424 17-16-401-017-1425 17-16-401-017-1426 17-16-401-017-1427 17-16-401-017-1428 17-16-401-017-1429 17-16-401-017-1430 17-16-401-017-1431
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
58
17-16-401-017-1432 17-16-401-017-1433 17-16-401-017-1434 17-16-401-017-1435 17-16-401-017-1436 17-16-401-017-1437 17-16-401-017-1438 17-16-401-017-1439 17-16-401-017-1440 17-16-401-017-1441 17-16-401-017-1442 17-16-401-017-1443 17-16-401-017-1444 17-16-401-017-1445 17-16-401-017-1446 17-16-401-017-1447 17-16-401-017-1448 17-16-401-017-1449 17-16-401-018-1001 17-16-401-018-1002 17-16-401-018-1003 17-16-401-018-1004 17-16-401-018-1005 17-16-401-018-1006 17-16-401-018-1007 17-16-401-018-1008 17-16-401-018-1009 17-16-401-018-1010 17-16-401-018-1011 17-16-401-018-1012 17-16-401-018-1013 17-16-401-018-1014 17-16-401-018-1015 17-16-401-018-1016 17-16-401-018-1017 17-16-401-018-1018 17-16-401-018-1019 17-16-401-018-1020 17-16-401-018-1021
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
59
17-16-401-018-1022 17-16-401-018-1023 17-16-401-018-1024 17-16-401-018-1025 17-16-401-018-1026 17-16-401-018-1027 17-16-401-018-1028 17-16-401-018-1029 17-16-401-018-1030 17-16-401-018-1031 17-16-401-018-1032 17-16-401-018-1033 17-16-401-018-1034 17-16-401-018-1035
-i-j -i/- mo tr\*>c
X I -IU-HUI-UIO-iuju
17-16-401-018-1037 17-16-401-018-1038 17-16-401-018-1039 17-16-401-018-1040 17-16-401-018-1041 17-16-401-018-1042 17-16-401-018-1043 17-16-401-018-1044 17-16-401-018-1045 17-16-401-018-1046 17-16-401-018-1047 17-16-401-018-1048 17-16-401-018-1049 17-16-401-018-1050 17-16-401-018-1051 17-16-401-018-1052 17-16-401-018-1053 17-16-401-018-1054 17-16-401-018-1055 17-16-401-018-1056 17-16-401-018-1057 17-16-401-018-1058 17-21-427-001-0000 The "Improved Parcels'".
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
60
Appendix Table 3
Redevelopment Area Parcel Numbers and Estimated 2017 EAV
PIN 2017 EAV
17-16-401-003-0000 • $ 1,767,920
17-16-401-008-0000 $ 2,537,434
17-16-401-009-0000 $ 5,955,027
17-16-40'J-010-0000 $ 2,360,161
17-16-401-011 -0000 $ 7,403,473
17-16-401-012-0000 $ 346,097
17-16-401-013-0000 $ 1,064,717
17-16-401-014-0000 $ 1,802,110
17-16-401-017-1001 $ 64,788
17-16-401-017-1002 $ 19,687
17-16-401-017-1003 $ 68,035
17-16-401-017-1004 $ 49,794
17-16-401-017-1005 $ 20,063
17-16-401-017-1006 $ 20,733
17-16-401-017-1007 $ 19,515
17-16-401-017-1008 $ 20,395
17-16-401-017-1009 $ 69,689
17-16-401-017-1010 $ 19,569
17-16-401-017-1011 $ 66,442
17-16-401-017-1012 $ 22,048
17-16-401-017-1013 $ 22,048
17-16-401-017-1014 $ 65,615
17-16-401-017-1015 $ 20,063
17-16-401-017-1016 $ 21,118
17-16-401-017-1017 $ 19,906
17-16-401-017-1018 $ 20,570
17-16-401-017-1019 $ 19,352
17-16-401-017-1020 $ 20,238
17-16-401-017-1021 $ 19,906
17-16-401 -017-1022 $ 19,515
Roosevelt/Clark Tax Increment Financing Eligibility Report
Citv of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
61
17-16-401-017-1023 17-16-401-017-1024 17-16-401-017-1025 17-16-401-017-1026 17-16-401-017-1027 17-16-401-017-1028 17-16-401-0.17-1029 17-16-401-01.7-1030 17-16-401-017-1031 17-16-401-017-1032 17-16-401-017-1033 17-16-401-017-1034 17-16-401-017-1035 17-16-401-017-1036 17-16-401-017-1037 17-16-401-017-1038 17-16-401-017-1039 17-16-401-017-1040 17-16-401-017-1041 17-16-401-017-1042 17-16-401-017-1043 17-16-401-017-1044 17-16-401-017-1045 17-16-401-017-1046 17-16-401-017-1047 17-16-401-017-1048 17-16-401-017-1049 17-16-401-017-1050 17-16-401-017-1051 17-16-401-017-1052 17-16-401-017-1053 17-16-401-017-1054 17-16-401-017-1055 17-16-401-017-1056 17-16-401-017-1057 17-16-401-017-1058
$ 23/154
$ 19.112
S 21/168
$ 20,395
S 23,485
$ 1.9,847
$ 31,425
$ 50,896
$ 31,206
$ 22,380
$ 20,949
$ 22,164
$ 20,949
$ 22,164
$ ( 21,441
$ 23,702
$ 21,945
$ 24,584
$ 22,048
$ 24,584
$ 47,030
$ 20,179
$ 21,281
$ 19,906
$ 20,949
$ 19,732
$ 20,395
$ 19,183
$ 20,063
$ 19,732
$ 19,352
$ 22,934
$ 19,237
$ 21,006
S 20,238
$ 23,266
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 201S - Revised March 7, 2019 - Revised April 4, 2019
62
17-16-101-017-1059 S ' 19,687
17-16-401-017-1060 $ 31,150
17 16-101 017-1061 $ 20,570
17-16-401 -017-1062 $ 19,515
17-16-401-017-1063 S 30,931
17-16-401-017-1064 $ 49,794
17-16-401-017-1065 $ 22,164
17-16-401-017-1066 $ 20,786
17-16-401-017-1067 $ 21,945
17-16-401 -017-1068 $ 20,786
17-16-401-017-1069 $ 21,945
17-16-401-017-1070 $ 21,281
17-16-401-017-1071 $ 23,485
17-16-401-017-1072 $ 21,773
17-16-401-017-1073 $ 24,365
17-16-401-017-1074 $ 21,891
17-16-401-017-1075 $ 24,365
17-16-401-017-1076 $ 21,557
17-16-401-017-1077 $ 20,010
17-16-401-017-1078 $ 21,118
17-16-401-017-1079 $ 19,732
17-16-401-017-1080 $ 20,786
17-16-401-017-1081 $ _ 50,896
17-16-401-017-1082 $ 19,569
17-16-401-017-1083 $ 24,149
17-16-401-017-1084 $ 20,238
17-16-401-017-1085 $ 47,030
17_16-401-017-1086 $ 19,021
17-16-401-017-1087 $ 24,365
17-16-401-017-1088 $ 19,906
17-16-401-017-1089 $ 70,743
17-16-401-017-1090 $ 19,569
17-16-401-017-1091 $ 19,183
17-16-401-017-1092 $ 22,715
17-16-401-017-1093 $ 18,861
17-16-401-017-1094 $ 20,846
Roosevelt/Clark Tax Increment Financing Eligibility Report
Citv of Chicago. Illinois T November JO, 201X - Revised March 7, 2019 - Revised April 4, 2019
63
17-16-401-017-1095 17-16-401-017-1096 1.7-16-401-01.7-1097 17-16-401-017-1098 17-16-401.-017-1099 17-16-401-017-1100 17-16-401-017-1101 17-16-401-017-1102 17-16-401-017-1103 17-16-401-017-1104 17-16-401-017-1105 17-16-401-017-1106 17-16-401-017-1107 17-16-401-017-11.08 17-16-401-017-1109 17-16-401-017-1110 17-16-401-017-1111 17-16-401-017-1112 17-16-401-017-1113 17-16-401-017-1114 17-16-401-017-1115 17-16-401-017-1116 17-16-401-017-1117 17-16-401-017-1118 17-16-401-017-1119 17-16-401-017-1120 17-16-401-017-1121 17-16-401-017-1122 17-16-401-017-1123 17-16-401-017-1124 17-16-401-017-1125 17-16-401-017-1126 17-16-401-017-1127 17-16-401-017-1128 17-16-401-017-1129 17-16-401.-017-1.130
$ 20,063
$ 23,050
S 1.9,296
S 30,871
$ 20,395
$ .19,133
$ 30,655
$ 20,733
$ 21,945
$ 18,861
$ 20,614
$ 43,724
$ 21,717
$ 21,945
$ 20,614
$ 30,436
$ 21,717
$ 21,118
$ 30,711
$ 23,266
$ 23,266
$ 21,613
$ 31,538
$ 24,149
$ 21,717
$ 30,990
$ 24,149
$ 23,050
$ 21,397
$ 20,846
$ 19,847
$ 23,266
$ 20,949
$ 44,826
$ 19,569
$ 19,569
Roosevelt/Clark Tax Increment Financing Eligibility Report
Citv of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
64
17-16-40 J -017-1J 31
17-16-401-017-1132
17-16-401 -017-1133
17-16-401-017-1134
17-16-401-017-1 135
17-16-401-017-1136
17-16-401-017-1137
17-16-401-017-1138
17-16-401-017-1139
17-16-401-017-1140
17-16-401-017-1141
17-16-401-017-1142
17-16-401-017-1143
17-16-401-017-1144
17-16-401-017-1145
17-16-401-017-1146
17-16-401-017-1147
17-16-401-017-1148
17-16-401-017-1149
17-16-401-017-1150
17-16-401-017-1151
17-16-401-017-1152
17-16-401-017-1153
17-16-401-017-1154
17-16-401-017-1155'
17-16-401-017-1156
17-16-401-017-1157
17-16-401-017-1158
17-16-401-017-1159
17-16-401-017-1160
17-16-401-017-1161
17-16-401-017-1162
17-16-401-017-1163
17-16-401-017-1164
17-16-401-017-1165
17-16-401-017-1166
S 20,614
$ 21,397
$ 19,412
$ 23,930
S 20,063
$ 21,717
$ 18,861
S 23,876
$ 19,732
$ 20,846
$ 19,237
$ 18,861
$ 22,327
$ 18,529
$ 20,511
$ 19,732
$ 22,659
$ 18,964
$ 30,599
$ 20,063
$ 18,801
$ 30,380
$ 20,395
$ 21,557
$ 18,529
$ 20,283
$ 19,515 $ • 21,337
$ 21,557
$ 20,283
$ 30,163
$ 21,337
$ 20,786
$ 30,436
$ 22,875
$ 22,875
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
65
'J 7-16-401 -0.17-1 167 1.7-16-401-017_j 168
17-16-401-017-1169 17-16-401-017-1170 17-16-401-017-1171 17-16-401-017-1172 17-16-401-017-1173 1.7-16-401-017-1174 17-16-401-017-1175 17-16-401-017-1176 17-1.6-401-017-11.77 17-16-401-017-1178 17-16-401.-017-1179 17-16-401-017-1180 17-16-401-017-1181 1.7-16-401-017-1182 17-16-401-017-1183 17-16-401-017-1184 17-16-401-017-1185 17-16-401-017-1186 17-16-401-017-1187 17-16-401-017-1188 17-16-401-017-1189 17-16-401-017-1190 17-16-401-017-1191 17-16-401-017-1192 17-16-401-017-1193 17-16-401-017-1194 17-16-401-017-1195 17-16-401-017-1196 17-16-401-017-1197 17-16-401-017-1198 17-16-401-017-1199 17-16-401-017-1200 17-16-401-017-1201 17-16-401-017-1202
: S 21/281
S 31,262
$ 23/758
$ 21,397
$ 30,711
S 23,758
$ 22,659
$ 21,065
$ 20,511
$ 19,515
$ 22,875
$ 20,614
$ 20,733
« 1Q917
$ 23,207
$ 20,283
$ 20,283
$ 19,080
$ 23,542
$ 19,732
$ 21,397
$ 18,529
$ 23,542
$ 19,412
$ 20,511
$ 18,861
$ 18,469
$ 21,945
$ 18,138
j $ 20,123
$ 19,352 $ ' 22,268
$ 18,585
$ 30,323
$ 19,687
$ 18,410
Rooscvelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
66
17-16-401-0'J 7-1203 17-16-401-017-1204 17-16-401-017-1205 17-16-401-017-1206 17-16-401-017-1.207 17.16-401-017-1208 17-16-401-017-1209 17-16-401-017-1210 ]7_ 16-401-017-1.211 17-16-401-0.1.7-1212 17-16-401-017-1213 17-16-401-017-1214 17-16-401-017-1215 17-16-401 -017-1216 17-16-401-017-1217 -17-16-401-017-1218 17-16-401-017-1219 17-16-401-017-1220 17-16-401-017-1221 17-16-401-017-1222 17-16-401-017-1223 17-16-401-017-1224 17-16-401-017-1225 17-16-401-017-1226 17-16-401-017-1227 17-16-401-017-1228 17.16-401-017-1229 17-16-401-017-1230 17-16-401-017-1231 17-16-401-017-1232 17-16-401-017-1233 17-16-401-017-1234 17-16-401-017-1235 17-16-401-017-1236 17-16-401-017-1237 17-16-401-017-1238
$ 30/104
$ 20,010
S 21/168
S 1.8,138
$ 1.9,906
$ 1.9/133
$ 20,949
$ 21,168
$ 1.9,906
$ 29,828
$ 20,949
$ 20,395
$ 30,163
$ 22,496
$ 22,496
$ 20,890
$ 30,990
$ 23,382
$ 21,006
$ 30,436
$ 23,382
$ 22,268
$ 20,674
$ 20,123
$ 19,133
$ 22,496
$ 20,238
$ 20,342
$ 18,861
$ 22,831
S 19,906
$ 20,674
$ 18,689
$ 23,154
$ 19,352
$ 21,006
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
67
17-16-401-017-1239 17-16-401-017-1240 17-16-401-017-1241 17-16-401-017-1242 17-16-401-017-1243 17-16-401-017-1244 17-16-401-017-1245 17-16-401-017-1246 17-16-401-017-1247 17-16-401-017-1248 17-16-401-017-1249 17-16-401-017-1250 17-16-401-017-1251 17-16-401-017-1252 17-16-401-017-1253 17-16-401-017-1254 17-16-401-017-1255 17-16-401-017-1256 17-16-401-017-1257 17-16-401-017-1258 17-16-401-017-1259 17-16-401-017-1260 17-16-401-017-1261 17-16-401-017-1262 17-16-401-017-1263 17-16-401-017-1264 17-16-401-017-1265 17-16-401-017-1266 17-16-401-017-1267 17-16-401-017-1268 17-16-401-017-1269 17-16-401.-017-1270 17-16-401-017-1271 .17-16-401-017-1272 17-16-401-017-1273 17-16-401-017-1274
$ 18/138
S 23,207
S 19,021
$ 20,123
$ .18,529
$ 18,138
S 21,500
$ 17,806
$ 19,788
$ 19,021
$ 21,832
$ 18,253
$ 30,045
$ 19,352
$ 18,078
$ 29,828
$ 19,687
$ 20,733
$ 17,806
$ 19,569
$ 18,801
$ 20,511
$ 20,733
$ 19,569
$ 29,440
$ 20,511
$ 20,063
$ 29,885
$ 22,048
$ 22,048
S 20,570
$ 30,711
S 22,934
$ 20,674
$ 30,163
$ 22,934
Roosevelt/Clark Tax Increment Financing Eligibility Report
Citv of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
68
"17-16-401-017-1275 17-16-401-017-1276 '17-16-401-017-1277 17-16-401-017-1278 17-16-401-017-1279 17-16-401-017-1280 17-16-401-017-1281 17-16-401-017-1282 17-16-401-017-1283 17-16-401-017-1284 17-16-401-017-1285 17-16-401-017-1286 17-16-401-017-1287 17-16-401-017-1288 17-16-401-017-1289 17-16-401-017-1290 17-16-401-017-1291 17-16-401-017-1292 17-16-401-017-1293 17-16-401-017-1294 17-16-401-017-1295 17-16-401-017-1296 17-16-401-017-1297 17-16-401-017-1298 17-16-401-017-1299 17-16-401-017-1300 17-16-401-017-1301 17-16-401-017-1302 17-16-401-017-1303 17-16-401-017-1304 17-16-401-017-1305 17-16-401-017-1306 17-16-401-017-1307 17-16-401-017-1308 17-16-401-017-1309 17-16-401-017-1310
$ 21,832
$ 20,342
$ 19,788
$ 18,801
$ 22,048
$ 19,906
$ 20,010
$ 18,529
$ 22,380
$ 19,569
$ 20,342
$ 18,357
$ 22,715
$ 20,674
$ 17,806
$ 22,831
$ 18,689
$ 19,788
$ 18,357
$ 17,975
$ 21,281
$ 17,643
$ 19,628
$ 18;861
$ 21,613
$ 18,078
$ 29,772
$ 19,183
$ 17,921
$ 29,553
$ 19,515
$ 20,511
$ 17,643
$ 19,412
S 18,629
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
69
17-16 401-017 131 1 17-16-401-017-1312 17 16-40I I) 17-1313 17-16-401-017-1314 17-16-101-017-1315 1/ 16-401-017-1316 17-16-401-017-1317 17-16-401-017-1318 17-16-401-017-1319 17-16-401-017-1320 17-16-401-017-1321 17-16-401-017-1322 17-16-401-017-1323 17-16-401-017-1324 ¦17-16-401-017-1325 17-16-401-017-1326 17-16-401-017-1327 17-16-401-017-1328 17-16-401-017-1329 17-16-401-017-1330 17-16-401-017-1331 17-16-401-017-1332 17-16-401-017-1333 17-16-401-017-1334 17-16-401-017-1335 17-16-401-017-1336 17-16-401-017-1337 17-16-401-017-1338 17-16-401-017-1339 17-16-401-017-1340 17-16-401-017-1341 17-16-401-017-1342 17-16-401-017-1343 17-16-401-017-1344 17-16-401-017-1345 17-16-401-017-1346
$ 20,283
$ 20,511
$ 19,412
$ 28,946
$ 20,283
$ 19,906
$ 29,609
$ 21,832
$ 21,832
$ 20,395
$ 30,436
$ 22,715
$ 20,511
$ 29,885
$ 22,715
$ 21,613
$ 20,179
$ 19,628
$ 18,629
$ 21,832
$ 19,732
$ 19,847
$ 18,357
$ 22,164
$ 19,412
$ 20,179
$ 18,194
$ 22,496
$ 18,861
$ 20,511
$ 17,643
$ 22,659
$ 18,529
$ 19,628
$ 18,194
$ 17,806
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
70
17-16-401-017-1347 17-16-401-017-1348 17-16-401 -01.7-1349 17-16-401-01.7-1350 17-16-401-017-1351 17-16-401-017-1352 17-16-401-017-1353 17-16-401-017-1354 17-16-401-017-1355 17-16-401-017-1356 17-16-401-017-1357 17-16-401.-017-1358 17-16-401-017-1359 17-16-401-017-1.360 17-16-401-017-1361 17-16-401-017-1362 17-16-401-017-1363 17-16-401-017-1364 17-16-401-017-1365 17-16-401-017-1366 17-16-401-017-1367 17-16-401-017-1368 17-16-401-017-1369 17-16-401-017-1370 17-16-401-017-1371 17-16-401-017-1372 17-16-401-017-1373 17-16-401-017-1374 17-16-401-017-1375 17-16-401-017-1376 17-16-401-017-1377 17-16-401-017-1378 17-16-401-017-1379 17-16-401.-017-1380 17-16-401-017-1381 17-16-401-01.7-1382
$ 21,065
S ' .1.7,471
$ 19,456
$ 18,689
S 21,397
$ 17,921
$ 29,497
$ 19,021
$ 17,747
$ 29,277
$ 19,352
$ 20,283
S 17,471
$ 19,237
$ 18,469
$ 20,063
$ 20,283
$ 19,237
$ 20,063
$ 28,510
$ 19,732
$ 29,337
$ 21,613
$ 21,613
$ 20,238 $ ... 30,163
$ 22,496
$ 20,342
$ 29,609
$ 22,496
$ 21,397
$ 20,010
$ 19,456
$ 18,469
S 21,613
$ 19,569
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
71
]. 7-16-401-017-1383 j 7-16-401-017-1384 J 7-16-401-017-1385 17-16-401-017-1386 17-16-401-017-1387 17-16-401-017-1388 17-16-401-017-1389 17-16-401-017-1390 17-16-401-017-1391 17-16-401-017-1392 17-16-401-017-1393 17-16-401-017-1394 17-16-401-017-1395 17-16-401-017-1396 17-16-401-017-1397 17-16-401-017-1398 17-16-401-017-1399 17-16-401-017-1400 17-16-401-017-1401 17-16-401-017-1402 17-16-401-017-1403 17-16-401-017-1404 17-16-401-017-1405 17-16-401-017-1406 17-16-401-017-1407 17-16-401-017-1408 17-16-401-017-1409 17-16-401-017-1410 17-16-401-017-1411 17-16-401-017-1412 17-16-401-017-1413 17-16-401-017-1414 17-16-401-017-1415 17-16-401-017-1416 17-16-401-017-1417 17-16-401-017-1418
$ 19,687
S 18,194
S 21,945
S 19,237
S 20,010
$ 18,025
$ 22,268
$ 18,689
$ 20,342
$ 17,471
$ 22,496
$ 18,357
$ 19,456
« 91 773
$ 43,667
$ 46,648
$ 44,435
$ ' 44,941
$ 45,214
$ 47,522
$ 44,986
$ 46,040
$ 44,663
$ 49,619
$ 44,435
$ 46,040
$ 44,115
$ 47,522
$ 43,886
$ 44,941
$ 43,552
$ 49,347
$ 43,332
$ 51,056
$ 42,014
S 50,173
Rooscvelt/Clark Fax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
72
17-16-401-017-1419 $ 44,986
17-16-401-017-1420 $ 45,768
17-16-401-017-1421 $ 46,648
17-16-401-017-1422 $ 51,056
17-16-401.-01.7-1423 $ 47,418
17-16-401 -01.7-1424 $ 50,173
17-16-401-017-1425 $ 47,753
17-16-401-017-1426 $ 51,056
17-16-401-017-1427 $ 47,969
17-16-401-017-1428 $ 49,184
17-16-401-017-1429 $ 47,199
17-16-401-017-1430 $ 51,056
1.7-16-401 -017-1431 $ 45,317
17-16-401 -017-1432 $ 51,272
17-16-401-017-1433 $ 44,826
17-16-401-017-1434 $ 44,986
17-16-401-017-1435 $ 44,218
1.7-16-401-017-1436 $ 46,867
17-16-401-017-1437 $ 43,724
17-16-401-017-1438 $ 46,100
17-16-401-017-1439 $ 46,867
17-16-401-017-1440 ' $ 47,418
17-16-401-017-1441 $ 43,724
17-16-401-017-1442 $ 47,199
17-16-401-017-1443 $ 44,218
17-16-401-017-1444 $ 47,969
17-16-401-017-1445 $ 42,624
17-16-401-017-1446 $ 47,753
17-16-401-017-1447 $ 43,116
17-16-401-017-1448 $ 46,420
17-16-401.-017-1449 $ 33,076
17-16-401-018-1001 $ 21,423
17-16-401-018-1002 $ 21,423
17-16-401-018-1003 $ 17,578
17-16-401 -018-1004 $ 13,845
17-16-401-018-1005 $ 12,526
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 201H - Revised March 7, 2019 - Revised April 4, 2019
73
1.7-16-401-018-1006 $ 12,526
17-1.6-401-0:18-1007 $ 14,088
17-1.6-401-018-1008 $ 8,633
17-16-401-018-1009 $ 7,952
17-16-401-018-1010 S 17,139
17-16-401-018-1011 $ 10,906
17-16-401 -018-1.012 $ 10,544
17-16-401-018-1013 $ 10,529
17-16-401-018-1014 $ 10,544
17-16-401-018-1015 $ 11,753
17-16-401-018-1016 . $ 9,335
17-16-401-018-1017 $ 8,236
17-16-401-018-1018 $ 8,518
17-16-401-018-1019 « R9%
_ . - v y-*r v
17-16-401-018-1020 $ 8,236
17-16-401-018-1021 $ 8,236
17-16-401-018-1022 $ 10,876
17-16-401-018-1023 $ 7,688
17-16-401-018-1.024 $ 7,688
17-16-401-018-1025 $ 9,090
17-16-401-018-1026 $ 8,701
17-16-401-018-1027 $ 9,010
17-16-401-018-1028 $ 7,688
17-16-401-018-1029 $ 7,910
17-16-401-018-1030 $ 7,688
17-16-401-018-1031 $ 8,293
17-16-401-018-1032 $ ' 7,469
17-16-401-018-1033 $ 7,359
17-16-401-018-1034 $ 6,811
17-16-401-018-1035 $ 6,260
17-16-401-018-1036 $ 6,702
17-16-401-018-1037 $ 6,260
17-16-401-018-1038 $ 6,702
17-16-401-018-1039 $ 7,910
17-16-401-018-1040 $ 6,592
17-16-401-018-1041 S 6,811
Roosevelt/Clark Tax Increment Financing Eligibility Report
Citv of Chicago, Illinois - November 30, 20IX - Revised March 7, 2019 - Revised April 4, 2019
74
17-16-401-018-1042 17-16-401-018-1043 17-16-401-018-1044 17-16-401-(118-1045
17-16-401-(118-1046 17-16-401-018-1047 17-16-401-018-1048 17-16-401-018-1049 17-16-401-018-1050 17-16-401-018-1051 17-16-401-018-1052 17-16-401-018-1053 17-16-401-018-1054 17-16-401-018-1055 17-16-401-018-1056 17-16-401-018-1057 17-16-401-018-1058 17-16-416-004-0000 17-16-416-016-0000 17-16-999-001-0000 17-21-202-001-0000 17-21-203-001-0000 17-21-203-002-0000 17-21-203-004-0000 17-21-203-005-0000 17-21-203-006-0000 17-21-203-007-0000 17-21-206-001-0000 17-21-206-001-0000 17-21-207-001-0000 17-21-208-002-0000 17-21-208-004-0000 17-21-208-005-0000 17-21-209-006-0000 17-21-209-007-0000 17-21-210-002-0000
$ 6,811
$ 7,359
$ 5,383
S 5,383
S 6,017
$ 5,602
$ 6,921
$ 6,370
$ 6,370
$ 5,271
$ ¦ 5,271
$ 5,271
$ 5,383
$ 5,383
$ 5,928
$ 12,040
$ 2,272
$ 6,573,094
$ 1,307,134
$ 270,020
$
$ 1,693,020
$ 7,393,356
$ 435,766
$ 2,796,537
$ 307,454
$ 307,454
$ 1,686,487 $
$ 505,635
$ 1,049,596
$ 545,163
$ 5,180,577
$ 374,299
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019- Revised April 4, 2019
75
1.7-21 -210-003-0000 17-21-210-004-0000 17-21-210-005-0000 17-21-210-006-0000 17-21-210-007-0000 17-21-210-062-0000 17-21-210-064-0000 17-21-210-086-0000 17-21-210-087-0000 17-21-210-090-0000 17-21-210-092-0000 17-21-21.0-095-0000 17-21-210-098-0000 17-21-210-101-0000 17-21-210-137-0000 17-21-401-004-0000 17-21-403-001-0000 17-21-406-001-0000 17-21-406-002-0000 17-21-406-003-0000 17-21-410-001-0000 17-21-410-011-0000 17-21-410-012-0000 17-21-427-002-0000 17-21-428-001-0000 17-21-428-002-0000 17-21-428-003-0000 17-21-429-001-0000 17-21-502-001-0000 17-21-503-003-0000 17-21-504-001-0000 17-21-504-002-0000 17-21-505-005-0000 17-21-505-007-0000 17-21-505-01.1-0000 17-21-505-013-0000
$ S $
$ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
990,389 598,486 673,540 1,323/166 464,077 474,506 163,920 4,882,832 4,503 1,477,190 5,859,901 4,047,196 .293,079 117,086 3
2,927 7,345
829,556 3,269,156
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019 ' 76
17-2 l-505-O'14-0000 17-2-1-505-023-001)0 17-27-427-001-0000
Total
$ $
$ 0
S 91,117,812
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019- Revised April 4, 2019
77
LEGAL DESCRIPTION OF THE AREA
Roosevelt/Clark Redevelopment Project Area
THAT PART 01 SECTIONS 16 AND 21. TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN THE CITY OF CHICAGO, COOK COUNTY, ILLINOIS, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE INTERSECTION OF THE WEST LINE OF THE SOUTH BRANCH OF THE CHICAGO RIVER AND THE NORTH RIGHT OF WAY LINE OF WEST HARRISON STREET;
THENCE EAST ALONG THE NORTH RIGHT OF WAY LINE OF WEST HARRISON STREET TO THE NORTHERLY EXTENSION OF A LINE 220 FEET WEST OF AND PARALLEL WITH THE WEST RIGHT OF WAY LINE. OF 60-FOOT WIDE SOUTH WELLS STREET; ' THENCE SOUTH ALONG SAID PARALLEL LINE AND ITS NORTHERLY EXTENSION TO A LINE 325 FEET SOUTH OF AND PARALLEL TO THE NORTH LINE OF BLOCK 88 IN THE SCHOOL SECTION ADDITION TO CHICAGO, BEING A SUBDIVISION OF SECTION 16, TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, AND THE FILLED OLD CHANNEL OF THE SOUTH BRANCH OF THE CHICAGO RIVER;
THENCE EAST ALONG SAID PARALLEL LINE TO A LINE 185.78 FEET WEST OF AND PARALLEL WITH THE WEST RIGHT OF WAY LINE OF 60-FOOT WIDE SOUTH WELLS STREET;
THENCE SOUTH ALONG SAID PARALLEL LINE TO THE NORTH RIGHT WAY LINE OF WEST POLK STREET;
THENCE EAST ALONG THE NORTH RIGHT OF WAY LINE OF WEST POLK STREET TO THE SOUTHWEST CORNER OF LOT 46 IN SUBDIVISION OF BLOCK 102 IN THE SCHOOL SECTION ADDITION TO CHICAGO, BEING A SUBDIVISION OF SECTION 16, TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, AND THE FILLED OLD CHANNEL OF THE SOUTH BRANCH OF THE CHICAGO RIVER, ALSO BEING THE EAST LINE OF SOUTH WELLS STREET;
THENCE SOUTH ALONG THE EAST RIGHT OF WAY LINE OF SOU TH WELLS STREET TO THE SOUTHWEST CORNER OF LOT 3 IN W. S. GURNEE'S SUBDIVISION OF BLOCK 104 AND THE WEST HALF OF BLOCK 109 IN THE SCHOOL SECTION ADDITION TO CHICAGO, BEING A SUBDIVISION OF SECTION 16, TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, AND THE FILLED OLD CHANNEL OF THE SOUTH BRANCH OF THE CHICAGO RIVER; ALSO BEING THE NORTH LINE OF WEST 9TH STREET";
THENCE EAST ALONG THE NORTH LINE OF WEST 9TH STREET TO ITS INTERSECTION WITH THE NORTHERN EX TENSION OF THE WEST LINE OF LOT 2 IN ROOSEVELT COLLECTION SUBDIVISION BEING A RESUBDIVISION
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 20IH - Revised March 7, 2019 - Revised April 4, 2019
78
01v BLOCKS 103 TO 110 IN IJII SCHOOL SECTION ADDITION TO CHICAGO, BEING A SUBDIVISION OF SECTION 16, TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, AND THE FILLED OLD CHANNEL OF THE SOUTH BRANCH OF IT IE CHICAGO RIVER; THENCE SOUTH ALONG THE WEST LINE AND ITS NORTHERLY EXTENSION OF LOT 2 IN ROOSEVELT COLLECTION AFORESAID TO THE SOUTHWEST CORNER OF SAID LOT 2, ALSO BEING THE NORTHWEST CORNER OF LOT 1 IN ROOSEVELT COLLECTION AFORESAID;
THENCE EAST ALONG THE NORTH LINE OF LOT 1 IN ROOSEVELT COLLECTION AFORESAID 125.5 FEET; THENCE SOUTH 91.03 FEET;
THENCE WEST 125.44 FEET TO A POINT ON THE WEST LINE OF LOT 1 IN ROOSEVELT COLLECTION .AFORESAID, ALSO BEING ON THE EAST RIGHT OF WAY LINE OF SOUTH WELLS STREET;
THENCE SOUTH ALONG THE EAST RIGHT OF WAY LINE OF SOUTH WELLS STREET TO THE NORTH RIGHT OF WAY LINE OF WEST ROOSEVEL T ROAD; THENCE EAST ALONG THE NORTH RIGHT OF WAY LINE OF WEST ROOSEVELT ROAD TO THE EAST RIGHT OF WAY LINE OF SOU TH CLARK STREET;
THENCE SOUTH ALONG THE EAST RIGHT OF WAY LINE OF SOU TH CLARK STREET TO THE SOUTHWEST CORNER OF LOT 35 IN FEDERAL SQUARE A RESUBDIVISION OF PART OF BLOCKS 1 AND 4 IN DEARBORN PARK UNIT NO. 2; BEING A SUBDIVISION IN SECTION 21, TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN;
THENCE EAST ALONG THE SOUTH LINE OF LOT 35 IN FEDERAL SQUARE AFORESAID TO IT INTERSECTION WITH THE NORTHERLY EXTENSION OF THE WEST LINE OF LOT 34 IN FEDERAL SQUARE AFORESAID, ALSO BEING THE EAST RIGHT OF WAY LINE OF SOUTH CLARK STREET; THENCE SOUTH ALONG THE EAST RIGHT OF WAY LINE OF SOUTH CLARK STREET TO A JOG IN THE WEST LINE OF LOT 77 IN DEARBORN PRAIRIE TOWNHOMES PHASE 3 BEING A RESUB OF PART OF BLOCK 4 IN DEARBORN PARK UNIT 2; BEING A SUBDIVISION IN SECTION 21, TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN;
THENCE EAST ALONG SAID JOG 3 FEET TO A POINT ON THE WEST LINE OF LOT 77 IN DEARBORN PRAIRIE TOWNHOMES PHASE 3 AFORESAID, ALSO THE EAST RIGHT OF WAY LINE OF SOUTH CLARK STREET; THENCE SOUTH ALONG THE EAST RIGHT OF WAY LINE OF SOU TH CLARK STREET TO THE NORTH RIGHT OF WAY LINE OF WEST 15TH STREET; THENCE EAST ALONG THE NORTH RIGHT OF WAY LINE OF WEST 15TH STREET TO THE NORTHERLY EXTENSION OF THE WEST' LINE OF WILDER'S SOUTH ADDITION TO CHICAGO BEiNG A SUBDIVISION IN SECTION 21. TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN;
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
79
I III• XC I: SOU TH ALONG THE WES T LINE OF WTLDER'S SOUTH ADDI TION TO CHICAGO AFORESAID TO THE NORTHEAST CORNER OF LO T 1 IN BLOCK 36 IN ASSESSOR'S SECOND DIVISION BEING A SUBDIVISION OF THE FRACTIONAL NORTHEAST QUARTER OF SECTION 21, TOWNSHIP 39 NORTH. RANGE 14 EAS T OF THE THIRD PRINCIPAL MERIDIAN;
THENCE WEST ALONG THE NORTH LINE OF LOT 1 IN BLOCK 36 IN ASSESSOR'S SECOND DIVISION AFORESAID TO THE EAST' RIGHT OF WAY LINE OF SOUTH CLARK STREET:
THENCE SOUTH ALONG THE EAST RIGHT OF WAY LINE OF SOU TH CLARK S TREE T TO THE SOU TH RIGHT OF WAY LINE OF EAST 1 8TII STREET; THENCE WEST ALONG THE SOUTH RIGHT OF WAY LINE OF EAS T 18TH STREET TO A POINT' 78 FEET WEST OF AND PARALLEL WITH THE WEST RIGHT OF WAY LINE OF SOUTH CLARK S TREET;
THENCE SOUTH ALONG SAID PARALLEL LINE TO A POINT ON THE SOUTH LINE OF WEST 19TH STREET;
THENCE WEST ALONG THE SOUTH RIGHT OF WAY LINE OF WEST 19TH
51 KtJi 1 1U JJir. LliNL: Of CAJI 11/\Lr Ur Oi-AJV^IV ZO .UN WYINM.L
TRUSTEE'S NEW SUBDIVISION BEING A SUBDIVISION IN SECTION 21, TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN;
THENCE SOUTH ALONG THE WEST LINE OF THE EAST HALF OF BLOCKS 28 AND 36 IN CANAL TRUSTEE'S NEW SUBDIVISION AFORESAID TO THE SOUTHERLY RIGHT OF WAY LINE OF SOUTH ARCHER AVENUE; THENCE SOUTHWESTERLY ALONG THE SOUTHERLY RIGHT OF WAY LINE OF SOUTH ARCHER AVENUE TO THE WEST RIGHT OF WAY LINE OF SOUTH WENTWORTH AVENUE;
THENCE NORTH ALONG THE WEST RIGHT OF WAY OF SOUTH WENTWORTH AVENUE TO THE ORIGINAL CENTERLINE OF EAST 16TH STREET; THENCE WEST ALONG THE ORIGINAL CENTERLINE OF EAST 16TH STREET TO THE WEST LINE OF THE SOUTH BRANCH OF THE CHICAGO RIVER; THENCE NORTHERLY ALONG THE WEST LINE OF THE SOUTH BRANCH OF THE CHICAGO RIVER TO THE POINT OF BEGINNING;
EXCEPTING THEREFROM BURNHAM STATION CONDOMINIUM AND BURNHAM STATION II CONDOMINIUM.
Roosevelt/Clark Tax Increment Financing Eligibility Report
City of Chicago, Illinois - November 30, 2018 - Revised March 7, 2019 - Revised April 4, 2019
80