Office of the City Clerk - Record #: F2022-43

• Record #: F2022-43
• Type: Communication
• Status: Placed on File
• Intro date: 7/20/2022
• Final action: 7/20/2022
• Title: 79th Street Corridor Tax Increment Financing Redevelopment Project and Plan Amendment No. 3 dated June 29, 2022
• Sponsors: Dept./Agency
• Topic: CITY DEPARTMENTS/AGENCIES - Law, TAX INCREMENT FINANCING DISTRICTS - 79th Street Corridor T.I.F. - Amendment

Date	Journal Page Number	Action By	Action	Result
7/20/2022	49679	City Council	Placed on File

Department oe Law
CITY Ol- CHICAGO

June 29, 2022


Ms. Anna M. Valencia
City Clerk
City of Chicago
121 North LaSalle Street
Chicago, Illinois 60602

Re: Proposed 79th Street Corridor Tax Increment Financing Redevelopment
Project and Plan Amendment No. 3 dated June 29, 2022 (the "Amendment")

Dear Ms. Valencia:

I enclose the Amendment. Please make the Amendment available in your office as of this date for public inspection in accordance with the requirements of Section 5/1 l-74.4-5(a) of the Illinois Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seg,., as amended. If you have any questions with respect to this matter, please contact me at 312-744-1745 orscott.fehlan@cityofchicago.org .

Sincerely,
Scott D. Fehlan
Chief Assistant Corporation Counsel Enclosure

cc: Tim Jeffries, DPD










121 NORTH I.ASAI.I.E STREET, ROOM 600. CHICAGO, ILLINOIS
79th Street Corridor Redevelopment Project and Tax Increment Financing Plan


Project and Plan Approved: October 7,1998 oHiceottheCh^Crty^
Amendment No. 1 Approved: April 24, 2020 2022 JUN29PM ¦
Amendment No. 2 Approved: July ,2022



Amendment No. 3

June 29, 2022


City of Chicago Lori E. Lightfoot, Mayor



Department of Planning and Development Maurice D. Cox, Commissioner
























i
Prepared for the City of Chicago


By:
Camiros, Ltd.



|1010|EXECUTIVE SUMMARY
To induce redevelopment pursuant to the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq., as amended from time to time (the "Act"), the City Council (the "City Council) ofthe City of Chicago (the "City") adopted ordinances on July 8, 1998, approving the 79th Street Corridor Tax Increment Financing Redevelopment Project and Plan (the "Original Plan"), designating the 79th Street Corridor Redevelopment Project Area (the "RPA") as a redevelopment project area under the Act, and adopting tax increment allocation financing for the ...