Office of the City Clerk - Record #: F2022-89

• Record #: F2022-89
• Type: Communication
• Status: Placed on File
• Intro date: 12/14/2022
• Final action: 12/14/2022
• Title: Revised Plan of Red Line Extension (RLE) Redevelopment Project Area - Tax Increment Financing Redevelopment Plan and Project as of November 7, 2022 and December 6, 2022
• Sponsors: Dept./Agency
• Topic: CITY DEPARTMENTS/AGENCIES - Law, - TAX INCREMENT FINANCING DISTRICTS - Red Line Extension T.I.F.

Date	Journal Page Number	Action By	Action	Result
12/14/2022	57241	City Council	Placed on File

Chicago City Clerk-Council JJiu.
2022 DEC7fm2:14

Dkpartmknt of Law city of chicago

December 7, 2022
Ms. Anna M. Valencia
City Clerk
City of Chicago
121 North LaSalle Street
Chicago, Illinois 60602

Re: Red Line Extension (RLE) Redevelopment ProjectArea Tax Increment
Financing Redevelopment Plan and Project dated July 27, 2022, revised November 7, 2022 and December 6, 2022 (the "Revised Plan")

Dear Clerk Valencia:

I enclose the Revised Plan. Please make the Revised 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 seq., as amended. If you have any questions with respect to this matter, please contact me at 312-744-5817orKeith.May@cityofchicago.org .
Sincerely, Keith A. May
Assistant Corporation Counsel Supervisor


Enclosure

cc: Scott D. Fehlan
Tim Jeffries, DPD








121 NORTH I.ASAI.I.K. STRKKT, ROOM GOO. CHICACO, ILLINOIS 2

cityofchicago.il
Red Line Extension (RLE) Redevelopment Project Area
Tax Increment Financing Redevelopment Plan and Project

July 27, 2022

Revised November 7, 2022 and December 6, 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|9
10|Introduction|910|Eligibility Study 12
Redevelopment Plan and Project 14
Financial Plan 21
6 Feasibility of RPA Designation 27
Fiscal Impact ofthe 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 8
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

...