Office of the City Clerk - Record #: O2021-432

• Record #: O2021-432
• Type: Ordinance
• Status: Passed
• Intro date: 1/27/2021
• Current Controlling Legislative Body: Committee on Finance
• Final action: 2/24/2021
• Title: Intergovernmental agreement with Chicago Park District for provision of tax increment financing (TIF) funds for site access and auditorium improvements to Austin Town Hall at 5610 W Lake St
• Sponsors: Lightfoot, Lori E.
• Topic: AGREEMENTS - Intergovernmental

Date	Journal Page Number	Action By	Action	Result
2/24/2021	27567	City Council	Passed	Pass
2/22/2021		Committee on Finance	Recommended to Pass
1/27/2021	26247	City Council	Referred

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


January 27,2021










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 with the Chicago Park District for expenditure of TIF funds.

Your favorable consideration of these ordinances will be appreciated.


Very truly yours:

ayor
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 ofthe City; and

WHEREAS, the Park District has undertaken to make certain park improvements at Austin Town Hall, which is generally located at 5610 West Lake Street, Chicago, Illinois and legally described in Exhibit A (the "Property"); and
WHEREAS, the Park District desires to make improvements to the facility on the Property, including electrical service upgrades, ADA access improvements, interior remodeling of the auditorium as well as other site restoration improvements (the "Project"); and
WHEREAS, the Property lies wholly within the boundaries ofthe Madison/Austin Corridor Redevelopment 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 ef seq., as amended from time to time (the "Act"), to finance projects that eradicate blight conditions and conservation factors that could lead to blight...