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Record #: SO2022-1316   
Type: Ordinance Status: Passed
Intro date: 5/9/2022 Current Controlling Legislative Body: Special Committee on the Chicago Casino
Final action: 5/25/2022
Title: Amendment of Municipal Code Titles 2, 4, 8 and 17 regarding casino in Chicago
Sponsors: Lightfoot, Lori E.
Topic: CITY DEPARTMENTS/AGENCIES - Finance, - CITY DEPARTMENTS/AGENCIES - Mayor, Office of the, MUNICIPAL CODE AMENDMENTS - Title 2 - City Government & Administration - Ch. 32 Dept. of Finance, MUNICIPAL CODE AMENDMENTS - Title 4 - Businesses, Occupations & Consumer Protection - Ch. 4 General Licensing Provisions, MUNICIPAL CODE AMENDMENTS - Title 4 - Businesses, Occupations & Consumer Protection - Ch. 6 Regulated Business License, MUNICIPAL CODE AMENDMENTS - Title 4 - Businesses, Occupations & Consumer Protection - Ch. 14 Shared Housing Units, MUNICIPAL CODE AMENDMENTS - Title 4 - Businesses, Occupations & Consumer Protection - Ch. 60 Liquor Dealers, MUNICIPAL CODE AMENDMENTS - Title 4 - Businesses, Occupations & Consumer Protection - Ch. 156 Amusements, MUNICIPAL CODE AMENDMENTS - Title 8 - Offenses Affecting Public Peace, Morals & Welfare - Ch. 12 Gambling, MUNICIPAL CODE AMENDMENTS - Title 17 - Chicago Zoning Ordinance - Ch. 4 Downtown Districts, MUNICIPAL CODE AMENDMENTS - Title 17 - Chicago Zoning Ordinance - Ch. 8 Planned Developments, MUNICIPAL CODE AMENDMENTS - Title 17 - Chicago Zoning Ordinance - Ch. 9 Use Regulations, MUNICIPAL CODE AMENDMENTS - Title 17 - Chicago Zoning Ordinance - Ch. 13 Review & Approval Procedures, MUNICIPAL CODE AMENDMENTS - Title 17 - Chicago Zoning Ordinance - Ch. 17 Terminology & Measurements, Land Use & Zoning-Tables & Index
Attachments: 1. SO2022-1316.pdf, 2. SO2022-1316 (V1).pdf
REVISED SUBSTITUTE ORDINANCE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:

SECTION 1. Section 2-32-031 ofthe Municipal Code of Chicago is hereby amended by inserting the underscored language as follows:
2-32-031 Debt management policies; retention of rebate calculation agents, financial advisors, consultants, dissemination agents and qualified independent representatives.
(Omitted text is unaffected by this ordinance)

(h) (1) In connection with revenues from operation of any casino located within the Citv pursuant to a temporary operator permit or owners license issued by the Illinois Gaming Board, the Chief Financial Officer shall have authority to enter into agreements, instruments and other documents and provide consents, waivers or approvals as contemplated under the Host Community Agreement referenced in Section 13 of this ordinance (the "Host Community Agreement"), and perform anv other ministerial acts necessary for the administration of the Host Community Agreement.
Notwithstanding subparagraph (h)(1). no material amendment or change to: (i) the Host Community Agreement: or (ii) anv such agreement, instrument or other document referenced in subparagraph (h)(1), shall be made or be effective unless ratified or authorized by an ordinance duly adopted by the Citv Council. The term "material" for the purpose of this subsection (h) means anv deviation in terms which operates to cancel or otherwise reduce anv developmental, construction, sourcing or job-creating obligations of the casino developer by more than ten percent (10%) or materially changes the casino project sites or character of the casino project or the activities undertaken by the casino developer affecting the casino project sites, the casino project, or both, or increases anv time agreed for performance bv the casino developer by more than ninety (90) davs.
The Chief Financial Officer shall have the authority to retain financial advisors, consultants and services firms to provide the ...

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