Office of the City Clerk - Record #: O2023-1002

• Record #: O2023-1002
• Type: Ordinance
• Status: Passed
• Intro date: 2/1/2023
• Current Controlling Legislative Body: Committee on Finance
• Final action: 2/1/2023
• Title: Approval of Amendment No. 3 to 43rd/Cottage Grove Redevelopment Plan for expansion of project area
• Sponsors: Dept./Agency
• Topic: TAX INCREMENT FINANCING DISTRICTS - 43rd/Cottage Grove T.I.F. - Approval

Date	Journal Page Number	Action By	Action	Result
2/1/2023	60330	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 regarding the authority to enter into and execute approval of Amendment No. 3 to 43rd/Cottage Grove Redevelopment Plan for expansion of project area.

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 ordinances authorizing the 3rd amendment to the 43rd / Cottage Grove TIF Redevelopment project and plan.
Your favorable consideration of these ordinances will be appreciated. Very truly yours,


Maurice D. Cox,

Commissioner















121 NORTH LASALLE STREET, ROOM 1000. CHICAGO, ILLINOIS 60602
AN ORDINANCE OF THE CITY OF CHICAGO, ILLINOIS
APPROVING AMENDMENT #3 TO THE REDEVELOPMENT PLAN FOR THE 43rd/COTTAGE GROVE 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 July 8, 1998, approved a redevelopment plan (the "Original Plan") for a portion of the City known as the 43rd/Cottage Grove 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. seg., as amended (the "Act"); and

WHEREAS, the City Council adopted an ordinance on July 8, 1998 designating the Original Redevelopment Project Area as a redevelo...