Office of the City Clerk - Record #: O2022-4003

• Record #: O2022-4003
• Type: Ordinance
• Status: Repealed
• Intro date: 12/14/2022
• Current Controlling Legislative Body: Committee on Finance
• Final action: 2/1/2023
• Title: Approval of Amendment No. 6 to Bronzeville Redevelopment Project Area Redevelopment Plan for expansion of project area (Repealed by O2023-995)
• Sponsors: Lightfoot, Lori E.
• Topic: TAX INCREMENT FINANCING DISTRICTS - Bronzeville T.I.F. - Approval
• Related files: O2023-995

Date	Journal Page Number	Action By	Action	Result
2/1/2023	60187	City Council	Repealed
1/18/2023	59428	City Council	Passed	Pass
1/12/2023		Committee on Finance
12/14/2022	57231	City Council	Referred

LORI E. 1JGHTFOOT MAYOR
OFFICE OF THE MAYOR
CITY OF CHICAGO



December 14, 2022










TO THE HONORABLE, IHE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe Commissioner of Planning and Development, I transmit herewith ordinances authorizing the 6th amendment lo the Bronzeville TIF Redevelopment Project and Plan.

Your favorable consideration of these ordinances will be appreciated.

AN ORDINANCE OF THE CITY OF CHICAGO, ILLINOIS
APPROVING AMENDMENT #6 TO THE REDEVELOPMENT PLAN FOR THE BRONZEVILLE REDEVELOPMENT PROJECT AREA

WHEREAS, the City of Chicago (the "City"), by an ordinance adopted by the City Council of the City (the "City Council") on November 4, 1998, approved a redevelopment plan (the "Original Plan") for a portion of the City known as the Bronzeville Redevelopment Project Area (the "Original Redevelopment Project Area") for the purpose of implementing tax increment allocation financing ("Tax Increment Allocation Financing") pursuant to the Illinois Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et. sea., as amended (the "Act"); and
WHEREAS, the City Council adopted an ordinance on November 4, 1998 designating the Original Redevelopment Project Area as a redevelopment project area pursuant to the Act; and

WHEREAS, the City Council adopted an ordinance on November 4, 1998 adopting Tax Increment Allocation Financing for the Original Redevelopment Project Area pursuant to the Act; and

WHEREAS, The Original Redevelopment Project Area was previously amended (i) on July 29, 2003, (ii) on December 7, 2005, (iii) on October 8, 2014, adding area to it (as amended, the "Amended Original Redevelopment Project Area"), (iv) on June 28, 2017 and (v) on October 26, 2022, to extend the termination date of the Amended Original Redevelopment Area; and

WHEREAS, it is desirable and in the best interests of the citizens of the City for the City to encourage development of areas located adjacent to the Amended Ori...