Office of the City Clerk - Record #: O2021-2814

• Record #: O2021-2814
• Type: Ordinance
• Status: Passed
• Intro date: 6/25/2021
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 7/21/2021
• Title: Acquisition of various parcels within Avalon/South Shore Redevelopment Project Area at intersection of East 79th Street and South Exchange Ave
• Sponsors: Lightfoot, Lori E.
• Topic: PROPERTY - Acquisition

Date	Journal Page Number	Action By	Action	Result
7/21/2021	33018	City Council	Passed	Pass
7/14/2021		Committee on Housing and Real Estate
6/25/2021	31492	City Council	Referred

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

June 25,2021









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 an ordinance authorizing the acquisition of property located at the intersection of 79th and Exchange.

Your favorable consideration of this ordinance will be appreciated.


Very truly yours.

ORDINANCE

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

WHEREAS, pursuant to ordinances adopted by the City Council of the City ("City Council") on July 31, 2002, and published at pages 90907 through 91042 of the Journal of the Proceedings of the City Council for such date: (i) a certain redevelopment plan and project ("Plan") for the Avalon / South Shore Redevelopment Project Area ("Area") was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seq.) ("Act"); (ii) the Area was designated as a redevelopment project area pursuant to the Act; and (iii) tax increment allocation financing was adopted pursuant to the Act as a means of financing certain Area redevelopment project costs (as defined in the Act) incurred pursuant to the Plan; and

WHEREAS, it is necessary to acquire the parcels of property located in the Area listed on the attached Exhibit A (the "Acquisition Parcels"), which parcels also are located in the Area, in order to achieve the objectives of the Plan, which include, among other things: reducing or eliminating conditions that qualify the Area as a redevelopment area; and

WHEREAS, by Resolution No. 21-CDC-08, adopted by the Community Development Commission ofthe City ("Commission") on April 20, 2021, the Commission recommended the acquisition o...