Office of the City Clerk - Record #: O2011-2328

• Record #: O2011-2328
• Type: Ordinance
• Status: Failed to Pass
• Intro date: 4/13/2011
• Current Controlling Legislative Body: Committee on Zoning
• Final action: 5/18/2011
• Title: Amendment of Municipal Code Title 17 regarding zoning premiums
• Sponsors: Burnett, Jr., Walter
• Topic: MUNICIPAL CODE AMENDMENTS - Title 17 - Chicago Zoning Ordinance - Ch. 3 Business & Commercial Districts
• Related files: R2011-691

Date	Journal Page Number	Action By	Action	Result
5/18/2011		City Council	Failed to Pass	Fail
4/13/2011	116153	City Council	Referred

ORDINANCE

Be It Ordained by the City Council of the City of Chicago:

SECTION 1: Title 17 of the Municipal Code of Chicago, the Chicago Zoning Ordinance, is hereby amended in Chapter 17-3, Section 17-3-0403 by adding a new Section 17-3-0403-B as follows:

17-3-0403-B Premiums

Developments subject to the development standards of a B or C district with a dash 5 suffix are eligible for a floor area ratio premium in accordance with the following:

1. The proposed development must be located on a site with a net site area of six (6) acres or more;

2. The proposed development must be located within 600 feet of a CTA or METRA transit station; and

3. The proposed development must be reviewed and approved in accordance with the planned development procedures of Section 17-13-0600.

Developments meeting the above standards are permitted to take a 20% increase in the allowable floor area ratio over and above the stated maximum floor area ratio of Section 17-3-0403.

SECTION 2:  This ordinance takes effect after its passage and approval.

^v      Waffer BurnetTJr^Y Alderman, 27^th Ward