Office of the City Clerk - Record #: O2023-995

• Record #: O2023-995
• Type: Ordinance
• Status: Passed
• Intro date: 2/1/2023
• Current Controlling Legislative Body: Committee on Finance
• Final action: 2/1/2023
• Title: Repeal of previous Tax Increment Financing (TIF) redevelopment project and plan amendment ordinances for Madden/Wells Redevelopment Project Area, Bronzeville Redevelopment Project Area and 43rd/Cottage Grove Redevelopment Project Area, initially passed out of sequence
• Sponsors: Dept./Agency
• Topic: TAX INCREMENT FINANCING DISTRICTS - 43rd/Cottage Grove T.I.F. - Amendment, TAX INCREMENT FINANCING DISTRICTS - Bronzeville T.I.F. - Amendment, TAX INCREMENT FINANCING DISTRICTS - Madden/Wells T.I.F. - Amendment
• Related files: O2022-4003, O2022-4004, O2022-4005, O2022-3999, O2022-4000, O2022-4001, O2022-4006, O2022-4007, O2022-4009

Date	Journal Page Number	Action By	Action	Result
2/1/2023	60187	City Council	Passed	Pass
1/31/2023		Committee on Finance	Direct Introduction

CHICAGO February 1, 2023

To the President and Members of the City Council:

Your Committee on Finance having had under consideration a communication recommending a proposed ordinance to repeal TIF redevelopment project and plan amendment ordinances passed in the wrong order.

Direct Introduction
























Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed


This recommendation was concurred in by viva voce vote of members of the
committee with|99|dissenting vote(s).


Respectfully submitted,



(signed)

Chairman

Department of Planning and Development
city of chicago





January 31, 2023



TO THE HONORABLE, THE CHAIRMAN AND MEMBERS OF THE CITY OF CHICAGO COMMITTEE ON FINANCE

Ladies and Gentlemen:

I transmit herewith an ordinance repealing TIF redevelopment project and plan amendment ordinances passed in the wrong order. ,

Your favorable consideration of this ordinance will be appreciated.

Very truly yours,


Maurice D. Cox,

Commissioner















121 NORTH LASALLE STREET, ROOM 1000. CHICAGO, ILLINOIS G0602
ORDINANCE

WHEREAS, Ordinances approving Amendment #1 to the Redevelopment Plan for the MaddenA/Vells Redevelopment Project Area [02022-3999], designating the expanded MaddenA/Vells Redevelopment Project Area a Redevelopment Project Area Pursuant to the Tax Increment Allocation Redevelopment Act [02022-4000], and adopting tax increment allocation financing for Amendment #1 to the MaddenA/Vells Redevelopment Project Area [02022-4001] (collectively the "MaddenA/Vells ordinances") were passed at the meeting of the Committee on Finance held on January 12, 2023, and subsequently by the City Council on January 18, 2023; and
WHEREAS, Ordinances approving Amendment #6 to the Redevelopment Plan for the Bronzeville Redevelopment Project Area [02022-4003], designating the expanded Bronzeville Redevelopment Project Area a Redevelopment Project Area Pursuant to the Tax Increment Alloc...