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Record #: O2019-4102   
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 Illinois International Port District for Tax Increment Financing (TIF) assistance to rebuild Butler Drive Rail and Butler Drive Road within Lake Calument Area Industrial Redevelopment Project Area
Sponsors: Lightfoot, Lori E.
Topic: AGREEMENTS - Intergovernmental
Attachments: 1. O2019-4102.pdf, 2. O2019-4102 (V1).pdf
CHICAGO July 22, 2019

To the President and Members of the City Council:

Your Committee on Finance having had under consideration 02019-4102, a communication recommending a proposed ordinance concerning the authority to enter into and execute an Intergovernmental Agreement with the Illinois International Port District for the redevelopment of Butler Drive Rail and Butler Drive Road.



















Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed


This recommendation was concurred in by (a viyavoce vote,
of members of the committee with ^ dissenting vote(s).



Respectfully submitted,


OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E: LIGHTFOOT
MAYOR

June 12,2019










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


Ladies and Gentlemen:

At the request of the Commissioner of Planning and Development, I transmit herewith an ordinance authorizing the execution of an intergovernmental agreement for TIF assistance for the Illinois International Port District.

Your favorable consideration of this ordinance will be appreciated.

Mayor


Very truly yours,

ORDINANCE
WHEREAS, the City of Chicago (the "City"), is a home rule unit of government under Article VII, Section 6(a) of the 1970 Constitution of the State of Illinois, and as such may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the Illinois International Port District (the "District") is political subdivision, body politic and municipal corporation created by the Illinois International Port District Act (70 ILCS 1810) and as such, has the authority to among other things acquire, construct, own, lease and develop terminals, wharf facilities, piers, docks, warehouses, and any port facility or port-related facility or service as it finds necessary and convenient within the City of Chicago; and
WHEREAS, the District has undertaken to rebuild railroad components running along a portion...

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