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Record #: O2019-4100   
Type: Ordinance Status: Passed
Intro date: 6/12/2019 Current Controlling Legislative Body: Committee on Finance
Final action: 7/24/2019
Title: Intergovernmental agreement with Chicago Board of Education for Tax Increment Financing (TIF) assistance in construction of Philip Rogers Elementary School annex at 7345 N Washtenaw Ave
Sponsors: Lightfoot, Lori E.
Topic: AGREEMENTS - Intergovernmental
Attachments: 1. O2019-4100.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
LOR I E. LIGHTFOOT
MAYOR

June 12,2019










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe Commissioner of Planning and Development, I transmit herewith an ordinance authorizing the execution of an intergovernmental agreement for TIF assistance for the Board of Education.

Your favorable consideration of this ordinance will be appreciated.


Very truly yours,

Mayor
ORDINANCE

WHEREAS, the City of Chicago (the "City") is a municipal corporation and home rule unit of government under Article VII, Section 6(a) of the 1970 Constitution of the State of Illinois, and as such, may exercise any power and perform any function pertaining to its government and affairs, and

WHEREAS, the Board of Education of the City of Chicago (the "Board") is a body corporate and politic, organized under and existing pursuant to Article 34 of the School Code of the State of Illinois, 105 ILCS 5/1-1 et seq.; and
WHEREAS, pursuant to the provisions of an act to authorize the creation of public building commissions and to define their rights, powers and duties under the Public Building Commission Act (50 ILCS 20/1 et seq.), the City Council of the City (the "City Council") created the Public Building Commission of Chicago (the "Commission") to facilitate the acquisition and construction of public buildings and facilities," and

WHEREAS, the Board operates a school known as Philip Rogers Elementary School (the "School") located at 7345 North Washtenaw Avenue, Chicago, Illinois 60645 (the "Property"); and

WHEREAS, the Board desires to construct an annex that will be linked to the School and related improvements (the "Facility") on the Property to serve the School (the construction of the Facility shall be referred to herein as the "Project"); and

WHEREAS, the City is authorized under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq., as amended from tim...

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