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Record #: O2020-2354   
Type: Ordinance Status: Passed
Intro date: 4/22/2020 Current Controlling Legislative Body: Committee on Finance
Final action: 5/20/2020
Title: Intergovernmental agreement with Chicago Park District for Tax Increment Financing (TIF) assistance regarding Clarendon Park fieldhouse renovations at 4532-4534 and 4538 N Clarendon Ave
Sponsors: Lightfoot, Lori E.
Topic: AGREEMENTS - Intergovernmental
Attachments: 1. O2020-2354.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI F LIGHTFOOT
MAYOR

April 22, 2020










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 ordinances authorizing the execution of intergovernmental agreements for TIF assistance with the Chicago Park District.

Your favorable consideration of these ordinances will be appreciated.


Very truly yours

ORDINANCE

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

WHEREAS, the Chicago Park District (the "Park District"), is an Illinois municipal corporation and a unit of local government under Article VII, Section 1 ofthe 1970 Constitution of the State of Illinois, and as such is authorized to exercise control over and supervise the operation of all parks within the corporate limits of the City; and

WHEREAS, the Park District has undertaken to make certain park improvements at Clarendon Park, which is generally located at 4532-34 and 4538 North Clarendon Avenue, Chicago, Illinois and legally described in Exhibit A (the "Property"); and

WHEREAS, the Park District desires to renovate a park fieldhouse on the Property (the "Project"); and

WHEREAS, the Property lies wholly within the boundaries of the Area (as hereinafter defined); 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 time to time (the "Act"), to finance projects that eradicate blight conditions and conservation factors that could lead to blight through the use of tax increment allocation financing for redevelopment projects; and

WHEREAS, in accordance with the provisions of the Act, and pursuant to ordinances adopted on June 30, 2010...

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