OFFICE OF THE MAYOR
CITY OF CHICAGO
LOR I E. LIGHT FOOT
MAYOU
June 25, 2021
O THE HONORABLE, THE CITY COUNCIL OF THE CIT Y OF CHICAGO
Ladies and Gentlemen:
At the request of the Commissioner of Planning and Development, I transmit herewith an ordinance authorizing the acquisition of property located at 3625 West Chicago Avenue.
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 of the Constitution of the 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 February 27, 2002, and published at pages 79794 through 80025 of the Journal of the Proceedings of the City Council for such date: (i) a certain redevelopment plan and project ("Plan") for the Chicago / Central Park 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 sea) ("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 parcel of property listed on the attached Exhibit A (the "Acquisition Parcel"), which parcel is 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-10, adopted by the Community Development Commission of the City ("Commission") on April 20, 2021, the Commission recommended the acquisition of the Acquisition Parcel; ...
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