Share to Facebook Share to Twitter Bookmark and Share
Record #: O2011-3754   
Type: Ordinance Status: Passed
Intro date: 5/4/2011 Current Controlling Legislative Body: Committee on Finance
Final action: 6/8/2011
Title: Amendment No. 1 to redevelopment agreement with Footwear Factory Development Corp. regarding residential and commercial buildings at 3961-3963 and 3927 W Belmont Ave
Sponsors: Daley, Richard M.
Topic: AGREEMENTS - Redevelopment
Attachments: 1. O2011-3754.pdf

CHICAGO June 8, 2011 To the President and Members of the City Council: Your Committee on Finance having had under consideration
An ordinance authorizing Amendment #1 to the Redevelopment Agreement with Footwear Factory Development Corp.
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_
of members of the committee with_dissenting voters}
(a/viva voce vote

(signed!

ctfully submitted

Chairman


RICHARD M. DALEY
MAYOR
OFFICE OF THE MAYOR
CITY OF CHICAGO
May 4, 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, 1 transmit herewith an ordinance authorizing an amendment to a previously authorized redevelopment agreement.
Your favorable consideration of this ordinance will be appreciated.
Very truly yours,

S:\SHARED\Finance\Nyberg\Footwear\Footware Factory Ordinance April 11, 201 l.wpd
AN ORDINANCE OF THE CITY OF CHICAGO, ILLINOIS AUTHORIZING AMENDMENT NO. 1 TO THE FOOTWEAR FACTORY REDEVELOPMENT AGREEMENT DATED AS OF FEBRUARY 16, 2006 AND
ISSUANCE OF A CITY NOTE
ORDINANCE
WHEREAS, pursuant to an ordinance adopted by the City Council ("City Council") of the City of Chicago (the "City") on February 16, 2000 a certain redevelopment plan and project (the "Redevelopment Plan") for the Fullerton/Milwaukee TIF Redevelopment Project Area (the "Redevelopment Area") was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et sea. (2000 State Bar Edition), as amended (the "Act"); and
WHEREAS, pursuant to an ordinance adopted by the City Council on February 16, 2000, the Redevelopment Area was designated as a redevelopment project area pursuant to the Act; and ,
WHEREAS, pursuant to an ordinance (the "TIF Ordinance") adopted by the City Counci...

Click here for full text