Share to Facebook Share to Twitter Bookmark and Share
Record #: O2021-1197   
Type: Ordinance Status: Passed
Intro date: 3/24/2021 Current Controlling Legislative Body: Committee on Finance
Final action: 4/21/2021
Title: Intergovernmental agreement with Chicago Board of Education for provision of tax increment financing (TIF) assistance for replacement of asphalt and rubber-surfaced areas with new artificial turf field and asphalt-paved running track for Stephen K. Hayt Elementary School at 1518 W Granville Ave
Sponsors: Lightfoot, Lori E.
Topic: AGREEMENTS - Intergovernmental
Attachments: 1. O2021-1197.pdf
OFFICE OF THE MAYOR
CITY OT CHICAGO
LORI E. LIGHTFOOT
MAYOR

March 24, 2021










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 ordinances authorizing the execution of intergovernmental agreements with the Chicago Board of Education regarding expenditure of TIF funds for school improvements.

Your favorable consideration of these ordinances will be appreciated.


Very truly yours,

Mayor
ORDINANCE
WHEREAS, the City of Chicago (the "City") is a municipal corporation and 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 Board of Education ofthe 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 a school known as Stephen K. Hayt Elementary School (the "School") located at 1518 West Granville Avenue, Chicago, Illinois 60660 (the "Property"); and
WHEREAS, the Board desires to construct recreational facilities at the School (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 (the "Act"), to finance projects that eradicate blight conditions through the use of tax increme...

Click here for full text