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This record contains private information, which has been redacted from public viewing.
Record #: O2019-9402   
Type: Ordinance Status: Passed
Intro date: 12/18/2019 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 1/15/2020
Title: Amendment of Troubled Buildings Initiative ordinance to allow City acquisition of assets/financing from Community Initiatives, Inc. and NHS Redevelopment Corporation
Sponsors: Lightfoot, Lori E.
Topic: PROPERTY - Acquisition
Attachments: 1. O2019-9402.pdf




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

December 18,2019










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


Ladies and Gentlemen:

At the request of the Commissioner of Housing, I transmit herewith an ordinance amending the Troubled Buildings Initiative ordinance.

Your favorable consideration of this ordinance will be appreciated.


Very truly yours.

Mayor



ORDINANCE

WHEREAS, the City ofChicago (the "City") is a home rule unit of government by virtue ofthe provisions ofthe Constitution ofthe State of Illinois of 1970, and, as such, may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, pursuantto ordinances adopted by the City Council ofthe City on July 9,2003 (C.J. pp. 3547-3550), September29,2004 (C.J. pp. 32587-32591), June 28, 2006 (C.J. pp. 80166-80170), June 11,2008 (C.J. pp. 29116-2119), and May 13,2009 (C.J. pp. 61178-61181), it is in the best interests ofthe City to improve residential buildings which (i) have been foreclosed upon, (ii) have been placed into receivership, or (iii) have deteriorated to the extent that they threaten public health, safety or welfare ("Troubled Buildings") through a program known as the Troubled Building Initiative Program (the "Program"); and

WHEREAS, the scope ofthe Program includes placing Troubled Buildings into receivership, providing financing forthe acquisition and rehabilitation of Troubled Buildings, and monitoring and providing technical assistance in connection with the rehabilitation of Troubled Buildings; and

WHEREAS, the Program is administered by the City's Department of Housing ("DOH"), with the cooperation and assistance of both Community Initiatives, Inc., an Illinois not-for-profit corporation ("CM"), and NHS Redevelopment Corporation, an Illinois not-for-profit corporation, and its affiliate, NHSRC Initiatives, Inc., an Illinois not-for-profit corporation (together, "NHSRC"); and

WHEREAS, in connection with a...

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