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Record #: SO2019-7043   
Type: Ordinance Status: Passed
Intro date: 9/18/2019 Current Controlling Legislative Body: Committee on Finance
Final action: 10/16/2019
Title: Intergovernmental agreement with Chicago Board of Education for provision of Tax Increment Financing (TIF) assistance to construct turf field, playground, natural learning/landscape area for Hibbard Elementary School, 3244 W Ainslie St and Albany Park Multicultural Academy/Edison Regional Gifted Center, 4929 N Sawyer Ave
Sponsors: Lightfoot, Lori E.
Topic: AGREEMENTS - Intergovernmental
Attachments: 1. O2019-7043.pdf, 2. SO2019-7043.pdf

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 politic and corporate, 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 schools known as Hibbard Elementary School located at 3244 West Ainslie Street, Chicago, Illinois 60625, and the Albany Park Multicultural Academy/Edison Regional Gifted Center, both of which are located in the same building located at 4929 North Sawyer Avenue, Chicago, Illinois 60625. Hibbard Elementary School and Albany Park Multicultural Academy/Edison Regional Gifted Center collectively are referred to hereinafter as the "Schools." The property on which the Schools are located, together with a portion of the Sawyer Avenue public way, constitute the "Property"; and

WHEREAS, the Board desires to construct a playground and a natural learning and landscaped area and related improvements (the "Facility") on the Property to serve the Schools (the construction/renovation ofthe 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 seg., as amended from time to time...

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