Office of the City Clerk - Record #: F2022-50

• Record #: F2022-50
• Type: Communication
• Status: Placed on File
• Intro date: 9/21/2022
• Final action: 9/21/2022
• Title: Red Line Extension (RLE) Redevelopment Project Area Tax Increment Financing Redevelopment Plan and Project dated July 27, 2022
• Sponsors: Dept./Agency
• Topic: CITY DEPARTMENTS/AGENCIES - Law

Date	Journal Page Number	Action By	Action	Result
9/21/2022	51473	City Council	Placed on File

O V. V A RT M V. NT OF I.AW CITY OF CHICAGO

July 27, 2022
Ms. Anna M. Valencia
City Clerk
City of Chicago
121 North LaSalle Street
Chicago, Illinois 60602

Re: Red Line Extension (RLE) Redevelopment Project Area Tax Increment
Financing Redevelopment Plan and Project dated July 27, 2022 (the "Plan")

Dear Clerk Valencia:

I enclose the Plan. Please make the Plan 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 sea, as amended. If you have any questions with respect to this matter, please contact me at 312-744-5817 or Keith.May@cityofchicago.org .

Sincerely,


Keith A. May ^
Assistant Corporation Counsel Supervisor


Enclosure

cc: Scott D. Fehlan
Tim Jeffries, DPD








121 NORTH LASALLF. STRF.F.T. ROOM (iOO, CHICAGO. ILLINOIS (i()(i()2

CITYOF CHICAGO.IL
Red Line Extension (RLE) Redevelopment Project Area
Tax Increment Financing Redevelopment Plan and Project

July 27, 2022


Office of the Chicago Citu Clerk
2022 JUL 27pm1:53

CITY OF CHICAGO, IL
Red Line Extension (RLE) Redevelopment Project Area Tax Increment Financing Redevelopment Plan and Project

Table of Contents



SECTION PAGE
Executive Summary|9
10|Introduction|910|Eligibility Study 12
Redevelopment Plan and Project 14
Financial Plan 21
Feasibility of RPA Designation 27
Fiscal Impact of the Redevelopment Project 28
Provisions for Amending Plan 30
Commitment to Fair Employment Practices and an Affirmative Action Plan 31
Appendix 1: Proposed Red Line Extension (RLE) RPA Boundary Legal Description 32

LIST OF MAPS PAGE
Map 1: Proposed RLE TFIA Boundary|910|Map 2: Proposed RLE RPA Boundary 9
Map 3A-3B: Detailed Proposed RLE RPA Boundary 10-11
Maps 4A-4D: Future Land Use 17-20




SB Friedman Development Advisors, LLC ^^kTA _
221 N.laSalle St. Suite 820 Chicago, IL 60601 IJBl \RtP|pn|\AAn|
T: 312.424.4250 ...