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Record #: O2021-2157   
Type: Ordinance Status: Passed
Intro date: 5/26/2021 Current Controlling Legislative Body: Committee on Finance
Final action: 7/21/2021
Title: Expansion of boundaries of Enterprise Zone No. 1
Sponsors: Lightfoot, Lori E.
Attachments: 1. O2021-2157.pdf



OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR
Mav 26. 2021










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


Ladies and Gentlemen:

At the request ofthe Commissioner of Planning and Development, 1 transmit herewith an ordinance authorizing support for the expansion of Chicago Enterprise Zone #1.

Your favorable consideration ofthis ordinance will be appreciated.


Very truly yours,

ORDINANCE
WHEREAS, the City Council of the City of Chicago on November 4, 2014, passed an ordinance establishing Enterprise Zone 1, appearing in the Journal of the Proceedings of the City Council of the City of Chicago (the "Journal") on pages 95100 to 95104 (the "Zone 1 Designating Ordinance"); and

WHEREAS, the City of Chicago is permitted under the Illinois Enterprise Zone Act, 20 ILCS 655/1 et seq. ("Illinois Enterprise Zone Act") to amend or modify the boundaries of Enterprise Zones subject to the approval of the State of Illinois (the "State") through its Department of Commerce and Economic Opportunity ("DCEO"); and
WHEREAS, the City of Chicago has determined that the modification of Enterprise Zone 1 will create jobs and stimulate neighborhood residential and commercial revitalization in a depressed area of the City; and

WHEREAS, all required procedures have been followed in the modification of the boundaries of Enterprise Zone 1 as required under the Illinois Enterprise Zone Act and the Chicago Enterprise Zone Ordinance, Chapter 16-12 of the Municipal Code of Chicago (the "Chicago Enterprise Zone Ordinance"); now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:

SECTION 1. That Section 1 of the Designating Ordinance is hereby amended by inserting the language underscored and deleting the language struck through as follows:

"The following area, hereafter referred to' as "Zone 1" is hereby designated a Proposed Enterprise Zone. The area boundaries shall be as follows for Zone 1:
STARTING AT THE CORPORATE LIMITS AND THE ...

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