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Record #: SO2011-745   
Type: Ordinance Status: Passed
Intro date: 2/9/2011 Current Controlling Legislative Body: Committee on Finance
Final action: 3/9/2011
Title: Reservation of certain Near North Tax Increment Financing (TIF) funds Jesse White Tumblers Youth Center
Sponsors: Burnett, Jr., Walter
Topic: TAX INCREMENT FINANCING DISTRICTS - Near North T.I.F.
Attachments: 1. O2011-745.pdf, 2. SO2011-745.pdf

CHICAGO March 9.2011
To the President and Members of the City Council:
Your Committee on Finance having had under consideration
A substitute ordinance authorizing the Commissioner of the Department of Housing and Economic Development to enter into and execute an Amended Intergovernmental Agreement with the Chicago Park District for the development of a new park field house.
Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed
Ordinance Transmitted Herewith
This recommendation was concurred in by_(amva voce vote
of members of the committee with_dissenting vote(s).

Chairman
SUBSTITUTE 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 Chicago Park District (the "Park District"), is an Illinois municipal corporation and a unit of local government under Article VII, Section 1 of the 1970 Constitution of the State of Illinois, and as such is authorized to exercise control over and supervise the operation of all parks within the corporate limits ofthe City; and
WHEREAS, the Park District has proposed to construct a new park field house (the "Project") generally located at 410 West Chicago Avenue, Chicago, Illinois and legally described in Exhibit A (the "Property"); and
WHEREAS, the Property lies within the boundaries of the Near North Redevelopment Area (as hereinafter defined); and
WHEREAS, the Board of Commissioners of the Park District has authorized the acquisition of the property from the Chicago Housing Authority, an Illinois municipal corporation ("CHA"), pursuant to an Ordinance adopted on February 10, 2010; and the CHA has approved the transfer of the Property to the Chicago Park District by Resolution No. 2010-CHA-72, adopted by the Board of Commissioners of the C...

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