Office of the City Clerk - Record #: O2011-4543

• Record #: O2011-4543
• Type: Ordinance
• Status: Passed
• Intro date: 6/8/2011
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 7/6/2011
• Title: Acquisition of property at 7519 N Ashland Ave and 7531-7533 N Ashland Ave for benefit of Howard/Paulina Tax Increment Financing (TIF) Redevelopment Project Area
• Sponsors: Emanuel, Rahm
• Topic: PROPERTY - Acquisition

Date	Journal Page Number	Action By	Action	Result
7/6/2011	2883	City Council	Passed	Pass
6/28/2011		Committee on Housing and Real Estate	Recommended to Pass	Pass
6/8/2011	180	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
June 8, 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 acquisition of property.
Your favorable consideration of these ordinances will be appreciated.
Very truly yours.

Mayor
ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of government by virtue of the provisions ofthe Constitution ofthe State of Illinois of 1970, and as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, pursuant to ordinance adopted by the City Council of the City of Chicago ("City Council") on October 14, 1988 and published at pages 18196-18224 of the Journal ofthe Proceedings of the City Council ("Journal of Proceedings") of such date, a certain redevelopment plan and project (as amended, the "Plan") for the Howard/Paulina Tax Increment Financing Redevelopment Project Area (as amended, the "Area") was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (currently codified at 65 ILCS 5/11-74.4-1 et sec-. ("Act")); and
WHEREAS, pursuant to an ordinance adopted by the City Council on October 14, 1988 and published at pages 18221 andl 8225-18227 ofthe Journal of Proceedings of such date, the Area was designated as a "blighted area" redevelopment project area pursuant to the Act; and ^.
WHEREAS, pursuant to an ordinance adopted by the City Council on October 14, 1988, and published at pages 18228-18231 of the Journal of Proceedings of such date, tax increment allocation financing was adopted pursuant to the Act as a means of financing certain Area redevelopment project costs (as defined in the Act) incurred pursuant to the Plan; and
WHEREAS, pursuant to an ordinance adopted by the City Council on December 11,1996 and published at pages 35510 and 35512-35652 of the Journal of Pr...