Office cf the Chicago City i>rk
2022 N0U iO PH3:48
Department of Law city of chicago
November 10, 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, revised November 7, 2022 (the "Amended Plan")
Dear Clerk Valencia:
I enclose the Amended Plan. Please make the Amended Plan available in your office as ofthis 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 seq., 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. Keitn A. May
Assistant Corporation Counsel Supervisor
Enclosure
cc: Scott D. Fehlan
Tim Jeffries, DPD
Vl\ NORTH I.ASAU.E STREET. ROOM (iOO, CHICAGO, ILLINOIS 02
CITY OF CHICAGO, IL
Red Line Extension (RLE) Redevelopment Project Area
Tax Increment Financing Redevelopment Plan and Project
July 27, 2022
Revised November 7, 2022
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|910|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
8 Provisions for Amending Plan 30
9. 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
70 W. Madison St., S...
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