Office of the City Clerk - Record #: O2022-3797

• Record #: O2022-3797
• Type: Ordinance
• Status: Passed
• Intro date: 11/16/2022
• Current Controlling Legislative Body: Committee on Finance
• Final action: 12/14/2022
• Title: Intergovernmental redevelopment agreement with Chicago Cooperative d.b.a. Chicago Market - a Community Co-op, lease tenant with Chicago Transit Authority, for rehabilitation and operation of historic Gerber Building at 4620 N Broadway as full-service grocery store
• Sponsors: Lightfoot, Lori E.
• Topic: AGREEMENTS - Redevelopment

Date	Journal Page Number	Action By	Action	Result
12/14/2022	57357	City Council	Passed	Pass
12/12/2022		Committee on Finance	Recommended to Pass
11/16/2022	55841	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT MAYOR
November 16, 2022










TO THE HONORABLE. THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe Commissioner of Planning and Development, I transmit herewith an ordinance authorizing the execution ofa TIF redevelopment agreement with Chicago Market, a Community Cooperative.

Your favorable consideration ofthis ordinance will be appreciated.


Very truly yours,

ORDINANCE
WHEREAS, under ordinances adopted on June 27, 2001 and published in the Journal of Proceedings ofthe City Council ofthe City of Chicago (the "Journal") for such date at pages 62341 to 62451 thereof, and under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4.1 et seg, as amended (the "Act"), the City Council (the "City Council") of the City of Chicago (the "City"): (i) approved a redevelopment plan and project (the "Original Plan") for a portion of the City known as the "Wilson Yard Redevelopment Project Area" (the "Original Area") (the "Plan Ordinance"); (ii) designated the Original Area as a "redevelopment project area" within the requirements of the Act (the "Designation Ordinance"); and (iii) adopted tax increment financing for the Original Area (the "Adoption Ordinance" and, together with the Plan Ordinance and the Designation Ordinance, collectively, the "Original TIF Ordinances"); and
WHEREAS, the Original Plan was amended by the City Council under an ordinance ("Amending Ordinance #1") adopted on November 18,2009 and published in the Journal for such date at pages 74053 to 74131 thereof ("Plan Amendment #1"); and
WHEREAS, the Original Plan, as amended by Plan Amendment #1, was further amended, and the Original Area was amended, all under an ordinance ("Amending Ordinance #2") adopted on February 10, 2010 and published in the Journal for such date at pages 83890 to 83990 thereof ("Plan Amendment s and Area Amendment #1") (the Original Plan, the Plan Amendme...