Record #: O2022-3939   
Type: Ordinance Status: Passed
Intro date: 12/14/2022 Current Controlling Legislative Body: Committee on Transportation and Public Way
Final action: 1/18/2023
Title: Intergovernmental agreement with Regional Transportation Authority regarding Curb Management and Mobility Plan for Chicago Transit Authority Kimball Street Station area in Albany Park utilizing reimbursable expenditures from Lawrence/Kedzie Tax Increment Financing (TIF) fund
Sponsors: Lightfoot, Lori E.
Topic: AGREEMENTS - Intergovernmental
Attachments: 1. O2022-3939.pdf


OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT . MAYOR


December 14, 2022










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


Ladies and Gentlemen:

At the request ofthe Commissioner of Planning and Development, I transmit herewith an ordinance authorizing the execution of an intergovernmental agreement with the Regional Transportation Authority regarding the Kimball Station Area Curb Management and Mobility-Plan.

Your favorable consideration ofthis ordinance will be appreciated.
ORDINANCE

WHEREAS, the City of Chicago (the "City") is a home rule unit of government under Article VII, Section 6(a) of the 1970 Constitution of the State of Illinois and, as such, may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, the Regional Transportation Authority (the "RTA") is an Illinois municipal corporation and body politic created under the laws ofthe State of Illinois' and

WHEREAS, the City is authorized, under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq., as amended (the "Act"), to finance projects that eradicate blight conditions and conservation factors that could lead to blight through the use of tax increment allocation financing for redevelopment projects; and

WHEREAS, pursuant to three ordinances adopted on February 16, 2000, the City Council of the City (the "City Council"): (i) approved a certain redevelopment plan and project, the "Lawrence/Kedzie Plan") for the Lawrence/Kedzie Redevelopment Project Area (the "Lawrence/Kedzie Area") within the City; (ii) designated the Lawrence/Kedzie Area as a redevelopment project area; and (iii) adopted tax increment allocation financing ("Lawrence / Kedzie TIF Adoption Ordinance") for the Lawrence/Kedzie Area; and

WHEREAS, under the Act and under the Lawrence/Kedzie TIF Adoption Ordinance, certain taxes are allocated and, when collected, are paid to the Treasurer ofthe City for deposit by the Tre...

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