Office of the City Clerk - Record #: O2020-3893

• Record #: O2020-3893
• Type: Ordinance
• Status: Passed
• Intro date: 7/22/2020
• Current Controlling Legislative Body: Committee on Finance
• Final action: 9/9/2020
• Title: Intergovernmental agreement with Chicago Housing Authority for Tax Incremental Financing (TIF) assistance in demolition of Near North High School building at 1450 N Larrabee St for redevelopment and environmental remediation costs
• Sponsors: Lightfoot, Lori E.
• Topic: AGREEMENTS - Intergovernmental, - AGREEMENTS - Redevelopment

Date	Journal Page Number	Action By	Action	Result
9/9/2020	19982	City Council	Passed	Pass
7/22/2020	18775	City Council	Referred

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

July 22, 2020










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 an intergovernmental agreement with the Chicago Housing Authority regarding property located at 1450 North Larrabee Street.

Your favorable consideration of this ordinance 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 Housing Authority (the "CHA"), is an Illinois municipal corporation and a unit of local government under Article VII, Section 1 ofthe 1970 Constitution ofthe State of Illinois; and
WHEREAS, the CHA owns a facility known as Near North High School (the "Building") located on a parcel of land commonly known as 1450 N. Larrabee Street, Chicago, Illinois (the "Property") as further described on Exhibit A; and *
WHEREAS, the CHA is engaged in the development and operation of safe, decent and sanitary housing throughout the City of Chicago for low-income families in accordance with the United States Housing Act of 1937, 42 U.S.C. 1437 et seq.; regulations promulgated by the United States Department of Housing and Urban Development ("HUD"), and the State Housing Authorities Act, 310 ILCS 10/1 et seq., as amended, and other applicable laws, regulations and ordinances; and
WHEREAS, the CHA has undertaken the redevelopment of the former Near North High School property and surrounding areas into a mixed income community (the 'Cabrini Redevelopment") as further set forth in its Plan for Transformation (the "Plan") and pursuant to court orders issued in a litigation against the CHA entitled Cabrini-Gree...