RICHARD M. DALEY
MAYOR
OFFICE OF THE MAYOR
CITY OF CHICAGO
April 13, 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 authorizing the execution of agreements with Neighborhood Housing Services for various TIF-Neighborhood Improvement programs.
Your favorable consideration of these ordinances will be appreciated.
ORDINANCE
WHEREAS, pursuant to an ordinance adopted by the City Council ("City Council") of the City of Chicago (the "City") on May 29, 2002, a certain redevelopment plan and project (the "47th/Halsted Plan") for the 47th^Halsted Redevelopment Project Area (the "47th/Halsted Area") was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended
(65 ILCS 5/11-74.4-1 et seg.) (the "Act"); and v
j
WHEREAS, pursuant to an ordinance adopted by the City Council on May 29, 2002, jthe 47th/Halsted Area was designated as a redevelopment project area pursuant to the Act; and
WHEREAS, pursuant to an ordinance adopted by the City Council on May 29, 2002, tax increment allocation financing was adopted pursuant to the Act as a means of financing certain 47th/Halsted Area redevelopment project costs (as defined in the Act) incurred pursuant to the 47th/Halsted Plan; and
WHEREAS, the City, through its Department of Housing and Economic Development ("HED"), established a TIF Neighborhood Improvement program to fund improvements tp single-family residential properties in the 47th/Halsted Area (the "47th/Halsted Neighborhood Program") and entered into an agreement on July 7,2009 (the "NHS Agreement") with Neighborhood Housing Services of Chicago, Inc., an Illinois not-for-profit corporation ("NHS"), which NHS Agreement continues in full force and effect, pursuant to which NHS is performing certain administrative services for the 47th/Halsted Neighborhood Program; and
WHEREAS, HED desires to expand the scope ...
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