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Record #: O2011-1029   
Type: Ordinance Status: Passed
Intro date: 2/9/2011 Current Controlling Legislative Body: Committee on Finance
Final action: 3/9/2011
Title: Intergovernmental agreement with Chicago Board of Education for provision of Tax Increment Financing (TIF) assistance for redevelopment of Uplift Community High School
Sponsors: Daley, Richard M.
Topic: AGREEMENTS - Intergovernmental
Attachments: 1. O2011-1029.pdf
CHICAGO March 9. 2011
To the President and Members of the City Council:
Your Committee on Finance having had under consideration
An ordinance authorizing the Commissioner of the Department of Housing and Economic Development to enter into and execute an Intergovernmental Agreement with the Chicago Board of Education for the redevelopment of Uplift Community High School.
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_(awiva voce voj
of members of the committee with_dissenting vote\!>).

Respectfully submitted
(signel

Chairman



OFFICE OF THE MAYOR
CITY OF CHICAGO
RICHARD M. DALEY
MAYOR
February 9, 2011
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Commissioner of Housing and Economic Development, I transmit herewith an ordinance authorizing an intergovernmental agreement with the Board of Education regarding TIF funding for Uplift Community High School.
Your favorable consideration of this ordinance will be appreciated.
Very truly yours,

'' S:\Finance'\Gaynor NewMHousing & Econ DevMJplift 2011 (rehab)\ord 1.doc
ORDINANCE
WHEREAS, the City of Chicago (the "City") is a municipal corporation and home rule unit of government under Article VII, Section 6(a) ofthe 1970 Constitution ofthe State of Illinois; and
WHEREAS, the Board of Education of the City of Chicago (the "Board") is a body corporate and politic, organized under and existing pursuant to Article 34 of the School Code of the State of Illinois; and 7
WHEREAS, pursuant to the provisions of an act to authorize the creation of public building commissions and to define their rights, powers and duties under the Public Building Commission Act (50 ILCS 20/1 et sgg.). the City Council of the City (the "City Council") created the Public Building Commission of Chicago (the "Commission") to facilitate the acquisition and con...

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