Office of the City Clerk - Record #: F2022-77

• Record #: F2022-77
• Type: Communication
• Status: Placed on File
• Intro date: 10/26/2022
• Final action: 10/26/2022
• Title: 79th Street Corridor Tax Increment Financing Redevelopment Project and Plan Amendment No. 3 dated June 29, 2022, revised October 18, 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
10/26/2022	52740	City Council	Placed on File

Chicago Citu Clerk-Council Hw.
2022 OCT 19 am11:18
Dr.TAUTM l'.\T OF L.WY CITY OT CHICAGO

October 19, 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, Revised October 18, 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 se£., as amended. If you have any questions with respect to this matter, please contact me at 312-744-1745 or scott.fehlan@cityofchicago.org .

Sincerely,

/ Scott D. Fehlan
Chief Assistant Corporation Counsel
Enclosure

cc: Tim Jeffries, DPD










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Chicago City Clerk-Council Div,
2022 OCT 19ah11:18


79th Street Corridor Redevelopment Project and Tax Increment Financing Plan


Project and Plan Approved: July 8,1998
Amendment No. 1 Approved: April 24, 2020 Amendment No. 2 Approved: July 20, 2022



Amendment No. 3

June 29, 2022

Revised October 18, 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) of the 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...