OFFICE OF THE MAYOR
CITY OF CHICAGO
EICHAHD M. DALEY
MAYOR
March 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 ordinances transferring TIF funds to the Chicago Park District for park purposes.
Your favorable consideration of these ordinances will be appreciated.
Very truly yours,
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 of the City; and
WHEREAS, the City and the Park District have previously entered into an Intergovernmental Agreement, as authorized by ordinances adopted by the City Council of the City (the "City Council") on December 17, 2003, and published in the Journal of the Proceedings of the City Council of Chicago (the "Journal") for said date at pages 15900 to 15930 for the development and construction of Palmisano Park (Park No. 531), formerly known as Stearns Quarry, an approximately 27-acre park located generally at 2850 South Halsted Street, Chicago, Illinois and legally described in Exhibit A (the "Property"); and
WHEREAS, the Park District currently leases the Property from the City pursuant to a Lease dated as of March 26, 2008; and
WHEREAS, the Park District has proposed to undertake certain improvements to the Property (the "Project"); and
WHEREAS, the Property lies within the boundaries of the Pilsen Redevelopment Area (as hereinafter defined); and
WHEREAS, th...
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