OFFICE OF THE MAYOR
V
CITY OF CHICAGO
JUN 30 2011
RAHM EMANUEL
MAYOR
June 22, 2011
BY:_-
COMPTROLLER L.G.A.D.
Hand-delivered June M. Canello
TIF Administrator, Local Government Office of the Illinois Comptroller 100 West Randolph - Suite 15-500 Chicago, Illinois 60601
Re: Notice of the Designation of a City of Chicago TIF Administrator for Purposes of Filing the 2010 Tax Increment and Industrial Jobs Recovery Annual Reports for the City of Chicago (the "City")
Dear Ms. Canello:
This letter is intended to meet the requirements of your office as set forth in the "TIF Administrator Contact Information" section of your office's 'Tax Increment Finance Report Instructions" for fiscal year 2010.
Please be advised that the City's Department of Housing and Economic Development (the "Department"), which is the successor department to the prior Department of Community Development, has the primary responsibility for preparing and filing the Tax Increment and Industrial Jobs Recovery annual reports with the Illinois Comptroller as required by 65 ILCS 5/11-74.4 et seq. and 65 ILCS 5/11-74.6 et seq. The administrative head of the Department, and thus the TIF Administrator for the City, is the Commissioner of the Department of Housing and Economic Development (the "Commissioner").
Andrew J. Mooney has been the Commissioner of the Department since February 9,2011 and remains in that position to the present day. He is the TIF Administrator for the City for purposes of filing the City's 2010 Tax Increment and Industrial Jobs Recovery Annual Reports.
Sincerely,
Mayor
2010 Annua! Report
40m/State Redevelopment Project Area
Pursuant to 65 ILCS 5/ll-74.4-5(d)
June 30,2011
Annual tax increment finance report office of illinois comptroller judy baar topinka
Name of Municipality: Chicago Reporting Fiscal Year; 2010
County: Cook Fiscal Year End: 12/31/2010
UnitCode: 016/620/30
First Name: Andrew J. Last Name: Mooney
Address: City Hall 121 N. LaSalle Title: TIF Administrator
Telephone: (312)744-0025 City: Chicago, IL Zip: 60602
I attest to the best of my knowledge, this report of the redevelopment project areasjn:
City/Village of Chicago ._is complete and accurate at the end of this reporting
Fiscal year under the Tax Increment Allocation Redevelopment Act [65 ILCS 5/11-74.4-3 et. seq.j Or the Industrial Jobs Recovery Law [65 ILCS 5/11-74.6-10 et. seq.]
_^_
Written signature of TIF Aa'mlnisjfrator__Da(g
Section 1 (65 ILCS 5/11-74.4-5 (d) (1.5) and 65 ILCS 5/11-74.6-22 (d) (1.5)*)
FJilf®UJiTJ©|ilFJ)RIEliiirir UloTRICT iment Project Area Date Desigr
Name of Redevelopment Project Area |
Date Designated |
Date Terminated |
105th/Vincennes |
10/3/2001 |
12/31/2025 |
111th Street/Kedzie Avenue Business District |
9/29/1999 |
9/29/2022 |
119th and Halsted |
2/6/2002 |
12/31/2026 |
119th/l-57 |
11/6/2002 |
12/31/2026 |
126th and Torrence |
12/21/1994 |
12/21/2017 |
134th and Avenue K |
3/12/2008 |
3/12/2032 |
24th/Mlchlgan |
7/21/1999 |
7/21/2022 |
26th and King Drive |
1/11/2006 |
12/31/2030 |
35th and Wallace |
12/15/1999 |
12/31/2023 |
35th/Halsted |
1/14/1997 |
12/31/2021 |
35th/State |
1/14/2004 |
12/31/2028 |
40th/State |
3/10/2004 |
12/31/2028 |
43rd/Cottage Grove |
. 7/8/1998 |
7/8/2021 |
45th/Western Industrial Park Conservation Area |
3/27/2002 |
12/31/2026 |
47th/Ashland |
3/27/2002 |
12/31/2026 |
47th/Halsted |
5/29/2002 |
12/31/2026 |
47th/King Drive |
3/27/2002 |
12/31/2026 |
47th/State |
7/21/2004 |
12/31/2028 |
49th Streel/St. Lawrence Avenue |
1/10/1996 |
12/31/2020 |
51st/ Archer |
5/17/2000 |
12/31/2024 |
53rd Street |
1/10/2001 |
12/31/2025 |
60th and Western |
5/9/1996 |
5/9/2019 |
"All statutory citations refer to one of two sections of the Illinois Municipal Code: the Tax Increment Allocation Redevelopment Act [65 ILCS 5/11-74.4-3 et. seq.) or the Industrial Jobs Recovery Law (65 ILCS 5/11-74.6-10 et. seq.]
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COMPTROLj-ER
ANNUAL TAX INCREMENT FINANCE REPORT OFFICE OF ILLINOIS COMPTROLLER JUDY BAAR TOPINKA
Name of Municipality: Chicago Reporting Fiscal Year: 2010
County:Cook Fiscal Year End: 12 /31 /2010
UnitCode: 016/620/30
63rd/Ashland |
3/29/2006 |
12/31/2030 |
63rd/Pulaski |
5/17/2000 |
12/31/2024 |
67th/Clcero |
10/2/2002 |
12/31/2026 |
69th/Ashland |
11/3/2004 |
12/31/2028 |
71st and Stony Island |
10/7/1998 |
10/7/2021 |
72nd and Cicero |
11/17/1993 |
11/17/2016 |
73rd and Kedzie |
11/17/1993 |
11/17/2016 |
73rd/Universlty |
9/13/2006 |
12/31/2030 |
79th and Cicero |
6/8/2005 |
7/8/2021 |
79th Street Corridor |
7/8/1998 |
12/31/2025 |
79th Street/Southwest Highway |
10/3/2001 |
12/31/2029 |
79thA/incennes |
9/27/2007 |
12/31/2031 |
83rd/Stewart |
3/31/2004 |
12/31/2028 |
87th/Cottage Grove |
11/13/2002 |
12/31/2026 |
89th and State |
4/1/1998 |
4/1/2021 |
95th and Western |
7/13/1995 |
7/13/2018 |
95th Street and Stony Island |
5/16/1990 |
5/16/2013 |
Addison Corridor North |
6/4/1997 |
6/4/2020 |
Addison South |
5/9/2007 |
12/31/2031 |
Archer Courts |
5/12/1999 |
12/31/2023 |
Archer/ Central |
5/17/2000 |
12/31/2024 |
Archer/Western |
2/11/2009 |
12/31/2033 |
Armitage/Pulaski |
6/13/2007 |
12/31/2031 |
Austin/Commercial |
9/27/2007 |
12/31/2031 |
Avalon Park/South Shore |
7/31/2002 |
12/31/2026 |
Avondale |
7/29/2009 |
12/31/2033 |
Belmont/ Central |
1/12/2000 |
12/31/2024 |
Belmont/Clcero |
1/12/2000 |
12/31/2024 |
Bronzeville |
11/4/1998 |
12/31/2022 |
Bryn Mawr/Broadway |
12/11/1996 |
12/11/2019 |
Calumet Avenue/Cermak Road |
7/29/1998 |
7/29/2021 |
Calumet River |
3/10/210 |
12/31/2034 |
Canal/Congress |
11/12/1998 |
12/31/2022 |
Central West |
2/16/2000 |
12/31/2024 |
Chatham-Ridge |
12/18/1986 |
12/31/2010(1) |
Chicago/ Kingsbury |
4/12/2000 |
12/31/2024 |
Chicago/Central Park |
2/27/2002 |
12/31/2026 |
Chicago Lakeside Development - Phase 1 (USX) |
5/12/2010 |
12/31/2034 |
Chinatown Basin |
12/18/1986 |
12/31/2010 |
Cicero/Archer |
5/17/2000 |
12/31/2024 |
Clark Street and Ridge Avenue |
9/29/1999 |
9/29/2022 |
Clark/Montrose |
7/7/1999 |
7/7/2022 |
Commercial Avenue |
11/13/2002 |
12/31/2026 |
Devon/Sheridan |
3/31/2004 |
12/31/2028 |
(1) This TIF has been terminated; however, the sales tax portion continues to exist for the sole purpose of servicing outstanding obligations which may be retired early at which point the sales tax portion will also terminate.
C QrVlPTROLLE R
ANNUAL TAX INCREMENT FINANCE REPORT OFFICE OF ILLINOIS COMPTROLLER JUDY BAAR TOPINKA
Name of Municipality. Chicago Reporting Fiscal Year: 2010
County:Cook Fiscal Year End: 12/31 /2010
UnitCode: 016/620/30
Devon/Western |
11/3/1999 |
12/31/2023 . |
Diversey/ Narragansett |
2/5/2003 |
12/31/2027 |
Division/Homan |
6/27/2001 |
12/31/2025 |
Division/North Branch |
3/15/1991 |
3/15/2014 |
Division-Hooker |
7/10/1996 |
7/10/2019 |
Drexel Boulevard |
7/10/2002 |
12/31/2026 |
Eastman/North Branch |
10/7/1993 |
10/7/2016 |
Edgewater |
12/18/1986 |
12/18/2009 |
Edgewater/ Ashland |
10/1/2003 |
12/31/2027 |
Elston/Armstrong Industrial Corridor |
7/19/2007 |
12/31/2031 |
Englewood Mall |
11/29/1989 |
11/29/2012 |
Englewood Neighborhood |
6/27/2001 |
12/31/2025 |
Ewing Avenue |
3/10/2010 |
12/31/2034 |
Forty-first Street and Dr. Martin Luther King, Jr. Drive |
7/13/1994 |
7/13/2017 |
Fuilerton/ Milwaukee |
2/16/2000 |
12/31/2024 |
Galewood/Armltage Industrial |
7/7/1999 |
7/7/2022 |
Goose Island |
7/10/1996 |
7/10/2019 |
Greater Southwest Industrial Corridor (East) |
3/10/1999 |
12/31/2023 |
Greater Southwest Industrial Corridor (West) |
4/12/2000 |
12/31/2024 |
Harlem Industrial Park Conservation Area |
3/14/2007 |
12/31/2031 |
Harrison/Central |
7/26/2006 |
12/31/2030 |
Hollywood/Sheridan |
11/7/2007 |
12/31/2031 |
Homan/Grand Trunk |
12/15/1993 |
12/15/2016 |
Homan-Arthington |
2/5/1998 |
2/5/2021 |
Howard-Paulina |
10/14/1988 |
10/14/2011 |
Humboldt Park Commercial |
6/27/2001 |
12/31/2025 |
Irving Park/Elston |
5/13/2009 |
12/31/2033 |
Irving/Cicero |
6/10/1996 |
12/31/2020 |
Jefferson Park Business District |
9/9/1998 |
9/9/2021 |
Jefferson/ Roosevelt |
8/30/2000 |
12/31/2024 |
Kennedy/Kimball |
3/12/2008 |
3/12/2032 |
Kinzie Industrial Corridor |
6/10/1998 |
6/10/2021 |
Kostner Avenue |
11/5/2008 |
11/5/2032 |
Lake Calumet Area Industrial |
12/13/2000 |
12/31/2024 |
Lakefront |
3/27/2002 |
12/31/2026 |
Lakeside/Clarendon |
7/21/2004 |
12/31/2028 |
LaSalle Central |
11/15/2006 |
12/31/2030 |
Lawrence/ Kedzie |
2/16/2000 |
12/31/2024 |
Lawrence/Broadway |
6/27/2001 |
12/31/2025 |
Lawrence/Pulaski |
2/27/2002 |
12/31/2026 |
Lincoln Avenue |
11/3/1999 |
12/31/2023 |
Lincoln-Belmont-Ashland |
11/2/1994 |
11/2/2017 |
Little Village East |
4/22/2009 |
12/31/2033 |
Little Village Industrial Corridor |
6/13/2007 |
12/31/2031 |
ANNUAL TAX INCREMENT FINANCE REPORT OFFICE OF ILLINOIS COMPTROLLER JUDY BAAR TOPINKA
Name of Municipality: Chicago Reporting Fiscal Year: 2010
County:Cook Fiscal Year End: 12/31 /2Q10
UnitCode: 016/620/30
Madden/Wells |
11/6/2002 |
12/31/2026 |
Madison/Austin Corridor |
9/29/1999 |
12/31/2023 |
Michlgan/Cermak |
9/13/1989 |
9/13/2012 |
Midway Industrial Corridor |
2/16/2000 |
12/31/2024 |
Midwest |
5/17/2000 |
12/31/2024 |
Montclare |
8/30/2000 |
12/31/2024 |
Montrose/Clarendon |
6/30/2010 |
12/31/2034 |
Near North |
7/30/1997 |
7/30/2020 |
Near South |
11/28/1990 |
12/31/2014 |
Near West |
3/23/1989 |
12/31/2013 |
North Branch (North) |
7/2/1997 |
12/31/2021 |
North Branch (South) |
2/5/1998 |
2/5/2021 |
North Pullman |
6/30/2009 |
12/31/2033 |
North-Cicero |
7/30/1997 |
7/30/2020 |
Northwest Industrial Corridor |
12/2/1998 |
12/2/2021 |
Ogden/Pulaskl |
4/9/2008 |
4/9/2032 |
Ohio/Wabash |
6/7/2000 |
12/31/2024 |
Pershing/King |
9/5/2007 |
12/31/2031 |
Peterson/ Cicero |
2/16/2000 |
12/31/2024 |
Peterson/ Pulaski |
2/16/2000 |
12/31/2024 |
Pilsen Industrial Corridor |
6/10/1998 |
12/31/2022 |
Portage Park |
9/9/1998 |
9/9/2021 |
Pratt/Ridge Industrial Park Conservation Area |
6/23/2004 |
12/31/2028 |
Pulaski Corridor |
6/9/1999 |
6/9/2022 |
Randolph and Wells |
6/9/2010 |
12/31/2034 |
Ravenswood Corridor |
3/9/2005 |
12/31/2029 |
Read-Dunning |
1/11/1991 |
12/31/2015 |
River South |
7/30/1997 |
7/30/2020 |
River West |
1/10/2001 |
12/31/2025 |
Roosevelt/Canal |
3/19/1997 |
12/31/2021 |
Roosevelt/Cicero |
2/5/1998 |
2/5/2021 |
Roosevelt/Racine |
11/4/1998 |
12/31/2022 |
Roosevelt/Union |
5/12/1999 |
5/12/2022 |
Roosevelt-Homan |
12/5/1990 |
12/5/2013 |
Roseland/Michigan |
1/16/2002 |
12/31/2026 |
Sanitary Drainage and Ship Canal |
7/24/1991 |
7/24/2014 |
South Chicago |
4/12/2000 |
12/31/2024 |
South Works Industrial |
11/3/1999 |
12/31/2023 |
Stevenson/Brighton |
4/11/2007 |
12/31/2031 |
Stockyards Annex |
12/11/1996 |
12/31/2020 |
Stockyards Industrial Commercial |
3/9/1989 |
3/9/2012 |
Stockyards Southeast Quadrant Industrial |
2/26/1992 |
2/26/2015 |
Stony Island Avenue Commercial and Burnside Industrial Corridors |
6/10/1998 |
6/10/2021 |
TouhyMestem |
9/13/2006 |
12/31/2030 |
COMPTROLLER
ANNUAL TAX INCREMENT FINANCE REPORT OFFICE OF ILLINOIS COMPTROLLER JUDY BAAR TOPINKA
Name of Municipality: Chicago Reporting Fiscal Year: 2010
County:Cook Fiscal Year End: 12/31 /2010
UnitCode: 016/620/30
Weed/Fremont |
1/8/2008 |
1/8/2032 |
West Grand |
6/10/1996 |
6/10/2019 |
West Irving Park |
1/12/2000 |
12/31/2024 |
West Pullman Industrial Park |
3/11/1998 |
3/11/2021 |
West Ridge-Peterson Avenue |
10/27/1986 |
12/31/2010 |
West Woodlawn |
5/12/2010 |
12/31/2034 |
Western Avenue North |
1/12/2000 |
12/31/2024 |
Western Avenue Rock Island |
2/8/2006 |
12/31/2024 |
Western Avenue South |
1/12/2000 |
12/31/2030 |
Westem/Ogden |
2/5/1998 |
2/5/2021 |
Wilson Yard |
6/27/2001 |
12/31/2025 |
Woodlawn |
1/20/1999 |
1/20/2022 |
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C OMP.TROLLE R
SECTION 2 [Sections 2 through 5 must be completed for each redevelopment project area listed in Section 1.]
Name of Redevelopment Project Area: 40th/State Redevelopment Project Area_
Primary Use of Redevelopment Project Area*: Combination/Mixed_
If "Combination/Mixed" List Component Types: Commercial/lndustrial/Residential_
Under which section of the Illinois Municipal Code was Redevelopment Project Area designated? (check one): Tax Increment Allocation Redevelopment Act Xi_Industrial Jobs Recovery Law _
|
No |
Yes |
Were there any amendments to the redevelopment plan, the redevelopment project area, or the State Sales Tax Boundary? [65 ILCS 5/11-74.4-5 (d) (1) and 5/11-74.6-22 (d) (1)] If ves, please enclose the amendment labeled Attachment A |
X |
|
Certification of the Chief Executive Officer of the municipality that the municipality has complied with all of the requirements of the Act during the preceding fiscal year. [65 ILCS 5/11-74.4-5 (d) (3) and 5/11-74.6-22 (d) (3)] Please enclose the CEO Certification labeled Attachment B |
|
X |
Opinion of legal counsel that municipality is in compliance with the Act. [65 ILCS 5/11-74.4-5 (d) (4) and 5/11-74.6-22 (d)(4)] Please enclose the Leqal Counsel Opinion labeled Attachment C |
|
X |
Were there any activities undertaken in furtherance of the objectives of the redevelopment plan, including any project implemented in the preceding fiscal year and a description of the activities undertaken? [65 ILCS 5/11-74.4-5 (d) (7) (A and B) and 5/11-74.6-22 (d) (7) (A and B)] If ves, please enclose the Activities Statement labeled Attachment D |
|
X |
Were any agreements entered into by the municipality with regard to the disposition or redevelopment of any property within the redevelopment project area or the area within the State Sales Tax Boundary? [65 ILCS 5/11-74.4-5 (d) (7) (C) and 5/11-74.6-22 (d) (7) (C)] If yes, please enclose the Aqreement(s) labeled Attachment E |
|
X |
Is there additional information on the use of all funds received under this Division and steps taken by the municipality to achieve the objectives of the redevelopment plan? [65 ILCS 5/11-74.4-5 (d) (7) (D) and 5/11-74.6-22 (d) (7) (D)] If ves, please enclose the Additional Information labeled Attachment F |
|
X |
Did the municipality's TIF advisors or consultants enter into contracts with entities or persons that have received or are receiving payments financed by tax increment revenues produced by the same TIF? [65 ILCS 5/11-74.4-5 (d) (7) (E) and 5/11-74.6-22 (d) (7) (E)j If yes, please enclose the contract(s) or description of the contract(s) labeled Attachment G |
X |
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Were there any reports or meeting minutes submitted to the municipality by the joint review board? [65 ILCS 5/11-74.4-5 (d) (7) (F) and 5/11-74.6-22 (d) (7) (F)j If ves, please enclose the Joint Review Board Report labeled Attachment H |
X |
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Were any obligations issued by municipality? [65 ILCS 5/11-74.4-5 (d) (8) (A) and 5/11-74.6-22 (d) (8) (A)] If yes, please enclose the Official Statement labeled Attachment I |
X |
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Was analysis prepared by a financial advisor or underwriter setting forth the nature and term of obligation and projected debt service including required reserves and debt coverage? [65 ILCS 5/11-74.4-5 (d) (8) (B) and 5/11-74.6-22 (d) (8) (B)j If yes, please enclose the Analysis labeled Attachment J |
X |
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Cumulatively, have deposits equal or greater than $100,000 been made into the special tax allocation fund? 65 ILCS 5/11-74.4-5 (d) (2) and 5/11-74.6-22 (d) (2) If yes, please enclose Audited financial statements of the special tax allocation fund labeled Attachment K |
X |
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Cumulatively, have deposits of incremental revenue equal to or greater than $100,000 been made into the special tax allocation fund? [65 ILCS 5/11-74.4-5 (d) (9) and 5/11-74.6-22 (d) (9)] If yes, please enclose a certified letter statement reviewing compliance with the Act labeled Attachment L |
X |
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A list ot all intergovernmental agreements in effect in FY 2010, to which the municipality is a part, and an accounting of any money transferred or received by the municipality during that fiscal year pursuant to those intergovernmental agreements. [65 ILCS 5/11-74.4-5 (d) (10)] If yes, please enclose list only of the intergovernmental agreements labeled Attachment WI |
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X |
* Types include: Central Business District, Retail, Other Commercial, Industrial, Residential, and Combination/Mixed.
FY 2010 Section 2
SECTION 3.1 - (65 ILCS 5/11-74.4-5 (d) (5) and 65 ILCS 5/11-74.6-22 (d) (5)) Provide an analysis of the special tax allocation fund.
| Reporting Year | Cumulative * 1
Fund Balance at Beginning of Reporting Period | $ - |
Revenue/Cash Receipts Deposited In Fund During Reporting FY:
|
%'of Total |
Property Tax Increment |
|
|
0% |
State Sales Tax Increment |
|
|
0% |
Local Sales Tax Increment |
|
|
0% |
State Utility Tax Increment |
|
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0% |
Local Utility Tax Increment |
|
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0% |
Interest |
|
|
0% |
Land/Building Sale Proceeds |
|
|
0% |
Bond Proceeds |
|
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0% |
Transfers in from Municipal Sources (Porting in) |
|
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0% |
Private Sources |
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0% |
Other (identify source : if multiple other sources, attach schedule) |
|
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0% |
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Total Amount Deposited in Special Tax Allocation
Fund During Reporting Period | - |
Cumulative Total Revenues/Cash Receipts | $ - | 0%\
Total Expenditures/Cash Disbursements (Carried forward from Section 3.2) _-_
Transfers out to Municipal Sources (Porting out) | |
Distribution of Surplus
Total Expenditures/Disbursements
NET INCOME/CASH RECEIPTS OVER/(UNDER) CASH DISBURSEMENTS FUND BALANCE, END OF REPORTING PERIOD
- if there is a positive fund balance at the end of the reporting period, you must complete Section 3.3
* Except as set forth in the next sentence, each amount reported on the rows below, if any, is cumulative from the inception of the respective Project Area. Cumulative figures for the categories of 'Interest,' 'Land/Building Sale Proceeds' and 'Other' may not be fully available for this report due to either of the following: (i) the disposal of certain older records pursuant to the City's records retention policy, or (ii) the availability of records only from January 1,1997 forward.
FY 2010
TIF Name: 40th/State Redevelopment Project Area
SECTION 3.2 A- (65 ILCS 5/11-74.4-5 (d) (5) and 65 ILCS 5/11-74.6-22 (d) (5))
ITEMIZED LIST OF ALL EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND
(by category of permissible redevelopment cost, amounts expended during reporting period)
FOR AMOUNTS >$10,000 SECTION 3.2 B MUST BE COMPLETED
Category of Permissible Redevelopment Cost [65 ILCS 5/11-74.4-3 (q) and 65 ILCS 5/11-74.6-10 (o)]
Reporting Fiscal Year
1. Costs of studies, administration and professional servicesSubsections (q)(1) and (o) (1) |
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2. Cost of marketing sitesSubsections (q)(1.6) and (o)(1.6) |
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3. Property assembly, demolition, site preparation and environmental site improvement costs. Subsection (q)(2), (o)(2) and (o)(3) |
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4. Costs of rehabilitation, reconstruction, repair or remodeling and replacement of existing public buildings. Subsection (q)(3) and (o)(4) |
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$ |
5. Costs of construction of public works and improvements. Subsection (q)(4) and (o)(5) |
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* |
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$ |
6. Costs of removing contaminants required by environmental laws or rules (o)(6) - Industrial Jobs Recovery TIFs ONLY |
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» |
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FY 2010
TIF Name: 40th/State Redevelopment Project Area
7. Cost of job training and retraining, including "welfare to work" programs Subsection (q)(5), (o)(7) and(o)(12) |
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8. Financing costs. Subsection (q) (6) and (o)(8) |
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9. Approved capital costs. Subsection (q)(7) and (o)(9) |
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1 |
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10. Cost of Reimbursing school districts for their increased costs caused by TIF assisted housing projects. Subsection (q)(7.5) - Tax Increment Allocation Redevelopment TIFs ONLY |
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11. Relocation costs. Subsection (q)(8) and (o)(10) |
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12. Payments in lieu of taxes. Subsection (q)(9) and (o)(11) |
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13. Costs of job training, retraining advanced vocational or career education provided by other taxing bodies. Subsection (q)(10) and (o)(12) |
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FY 2010
TIF Name: 40th/State Redevelopment Project Area
14. Costs of reimbursing private developers for interest expenses incurred on approved redevelopment projects. Subsection (q)(11)(A-E) and (o)(13)(A-E) |
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15. Costs of construction of new housing units for low income and very low-income households. Subsection (q)(11)(F) -Tax Increment Allocation Redevelopment TIFs ONLY |
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16. Cost of day care services and operational costs of day care centers. Subsection (q) (11.5) -Tax Increment Allocation Redevelopment TIFs ONLY |
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[TOTAL ITEMIZED EXPENDITURES I I $ - I
FY 2010
TIF Name: 40th/State Redevelopment Project Area
Section 3.2 B
List all vendors, including other municipal funds, that were paid in excess of $10,000 during the current reporting year.
X_ There were no vendors, including other municipal funds, paid in excess of
$10,000 during the current reporting period.
FY 2010
TIF Name: 40th/State Redevelopment Project Area
SECTION 3.3 - (65 ILCS 5/11-74.4-5 (d) (5) 65 ILCS 11-74.6-22 (d) (5))
Breakdown of the Balance in the Special Tax Allocation Fund At the End of the Reporting Period (65 ILCS 5/11-74.4-5 (d) (5) (D) and 65 ILCS 5/11-74.6-22 (d) (5) (D))
FUND BALANCE, END OF REPORTING PERIOD
$
Amount of Original Issuance
Amount Designated
Reserved for debt service |
$ |
$ |
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Total Amount Designated for Obligations 2. Description of Project Costs to be Paid
Designated for future redevelopment project costs |
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$ |
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Total Amount Designated for Project Costs
TOTAL AMOUNT DESIGNATED SURPLUS*/(DEFICIT)
*NOTE: If a surplus is calculated, the municipality may be required to repay the amount to overlapping taxing districts.
FY 2010
TIF Name: 40th/State Redevelopment Project Area
SECTION 4 [65 ILCS 5/11-74.4-5 (d) (6) and 65 ILCS 5/11-74.6-22 (d) (6)]
Provide a description of all property purchased by the municipality during the reporting fiscal year within the redevelopment project area.
Property Acquired by the Municipality Within the Redevelopment Project Area
Property (1): |
|
Street address: |
4031 S. State Street1 |
Approximate size or description of property: |
N/A |
Purchase price: |
N/A |
Seller of property: |
N/A |
1 This property was acquired through the Tax Reactivation Program ("TRP"), under which the City instructs the County of Cook to make a no cash bid on certain tax-delinquent parcels. The City then pursues the acquisition in a court proceeding and receives a tax deed from the County after a court order is issued. The City pays court costs and certain incidental expenses for each parcel, which average between $2,000 and $2,500. The size and description of each parcel is usually not available.
FY 2010
TIF Name: 40th/State Redevelopment Project Area
SECTION 5 - 65 ILCS 5/11-74.4-5 (d) (7) (G) and 65 ILCS 5/11-74.6-22 (d) (7) (G)
Please include a brief description of each project.
X_No Projects Were Undertaken by the Municipality Within the Redevelopment Project Area
FY 2010
TIF Name: 40th/State Redevelopment Project Area
STATE OF ILLINOIS )
) SS
COUNTY OF COOK )
CERTI
TO:
Judy Baar Topinka
Comptroller of the State of Illinois
James R. Thompson Center
100 West Randolph Street, Suite 15-500
Chicago, Illinois 60601
Attention: June Canello, Director of Local
Government
Dolores Javier, Treasurer
City Colleges of Chicago
226 West Jackson Boulevard, Room 1125
Chicago, Illinois 60606
Herman Brewer Director
Cook County Bureau of Planning & Dev. 69 West Washington Street, Suite 2900 Chicago, Illinois 60602
Attachment B
IC ATION
Jean-Claude Brizard Chief Executive Officer Chicago Board of Education 125 South Clark Street, 5th Floor Chicago, Illinois 60603
Jacqueline Torres, Director of Finance Metropolitan Water Reclamation District of Greater Chicago 100 East Erie Street, Room 2429 Chicago, Illinois 60611
Douglas Wright
South Cook County Mosquito Abatement District
155th & Dixie Highway P.O.Box 1030 Harvey, Illinois 60426
Dan Donovan, Comptroller Forest Preserve District of Cook County 69 W. Washington Street, Suite 2060 Chicago, IL 60602
Michael P. Kelly, Interim General Superintendent & CEO Chicago Park District 541 North Fairbanks Chicago, Illinois 60611
I, Rahm Emanuel, in connection with the annual report (the "Report") of information required by Section 1 l-74.4-5(d) of the Tax Increment Allocation Redevelopment Act, 65 ILCS5/11-74.4-1 et seg, (the "Act") with regard to the 40th/State Redevelopment Project Area (the "Redevelopment Project Area"), do hereby certify as follows:
Attachment B
1. I am the duly qualified and acting Mayor of the City of Chicago, Illinois (the "City") and, as such, I am the City's Chief Executive Officer. This Certification is being given by me in such capacity.
2. During the preceding fiscal year of the City, being January 1 through December 31, 2010, the City complied, in all material respects, with the requirements of the Act, as applicable from time to time, regarding the Redevelopment Project Area.
3. In giving this Certification, I have relied on the opinion of the Corporation Counsel of the City furnished in connection with the Report.
4. This Certification may be relied upon only by the addressees hereof.
IN WITNESS WHEREOF, I have hereunto affixed my official signature as of this 30th day of June, 2011.
Rahm Emanuel, Mayor City of Chicago, Illinois
Department of Law
onu CITY OF CHICAGO
June 3 0, 2011 Attachment C
Judy B aar Topinka Jean-Claude Brizard
Comptroller of the State of Illinois Chief Executive Officer
James R. Thompson Center Chicago Board of Education
100 West Randolph Street, Suite 15-500 125 South Clark Street, 5th Floor
Chicago, Illinois 60601 Chicago, Illinois 60603 Attention: June Canello, Director of Local Government
Dolores Javier, Treasurer
City Colleges of Chicago
226 West Jackson Boulevard, Room 1125
Chicago, Illinois 60606
Jacqueline Torres, Director of Finance Metropolitan Water Reclamation District of Greater Chicago 100 East Erie Street, Room 2429 Chicago, Illinois 60611
Herman Brewer Director
Cook County Bureau of Planning & Dev. 69 West Washington Street, Suite 2900 Chicago, Illinois 60602
Douglas Wright
South Cook County Mosquito Abatement District
155th & Dixie Highway P.O. Box 1030 Harvey, Illinois 60426
Dan Donovan, Comptroller Forest Preserve District of Cook County 69 W. Washington Street, Suite 2060 Chicago, IL 60602
Michael P. Kelly, Interim General Superintendent & CEO Chicago Park District 541 North Fairbanks Chicago, Illinois 60611
Re: 40th/State
Redevelopment Project Area (the "Redevelopment Project Area")
Dear Addressees:
I am the Corporation Counsel of the City of Chicago, Illinois (the "City") and, in such capacity, I am the head of the City's Law Department. In such capacity, I am providing the opinion required by Section 1 l-74.4-5(d)(4) of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seg. (the "Act"), in connection with the submission of the report (the "Report") in accordance with, and containing the information required by, Section 1 l-74.4-5(d) of the Act for the Redevelopment Project Area.
12 1 NORTH LASALLE STREET, ROOM 600, CHICAGO. ILLINOIS 60602
Attachment C
Opinion of Counsel for 2010 Annual Report Page 2
June 30,2011
Attorneys, past and present, in the Law Department of the City and familiar with the requirements of the Act, have had general involvement in the proceedings affecting the Redevelopment Project Area, including the preparation of ordinances adopted by the City Council of the City with respect to the following matters: approval of the redevelopment plan and project for the Redevelopment Project Area, designation of the Redevelopment Project Area as a redevelopment project area, and adoption of tax increment allocation financing for the Redevelopment Project Area, all in accordance with the then applicable provisions of the Act. Various departments of the City, including, if applicable, the Law Department, Department of Housing and Economic Development, Department of Finance and Office of Budget and Management (collectively, the "City Departments"), have personnel responsible for and familiar with the activities in the Redevelopment Project Area affecting such Department(s) and with the requirements of the Act in connection therewith. Such personnel are encouraged to seek and obtain, and do seek and obtain, the legal guidance of the Law Department with respect to issues that may arise from time to time regarding the requirements of, and compliance with, the Act.
In my capacity as Corporation Counsel, I have relied on the general knowledge and actions of the appropriately designated and trained staff of the Law Department and other applicable City Departments involved with the activities affecting the Redevelopment Project Area. In addition, I have caused to be examined or reviewed by members of the Law Department of the City the certified audit report, to the extent required to be obtained by Section 1 l-74.4-5(d)(9) of the Act and submitted as part of the Report, which is required to review compliance with the Act in certain respects, to determine if such audit report contains information that might affect my opinion. I have also caused to be examined or reviewed such other documents and records as were deemed necessary to enable me to render this opinion. Nothing has come to my attention that would result in my need to qualify the opinion hereinafter expressed, subject to the limitations hereinafter set forth, unless and except to the extent set forth in an Exception Schedule attached hereto as Schedule 1.
Based on the foregoing, I am of the opinion that, in all material respects, the City is in compliance with the provisions and requirements of the Act in effect and then applicable at the time actions were taken from time to time with respect to the Redevelopment Project Area.
This opinion is given in an official capacity and not personally and no personal liability shall derive herefrom. Furthermore, the only opinion that is expressed is the opinion specifically set forth herein, and no opinion is implied or should be inferred as to any other matter. Further, this opinion may be relied upon only by the addressees hereof and the Mayor of the City in providing his required certification in connection with the Report, and not by any other party.
Stephen R. Patton Corporation Counsel
ATTACHMENT C
SCHEDULE 1 (Exception Schedule)
(X) ( )
No Exceptions
Note the following Exceptions:
ATTACHMENTS D, E and F
ATTACHMENT D
Activities Statement
Projects that were implemented during the preceding fiscal year, if any, are set forth below: None
Redevelopment activities undertaken within this Project Area during the preceding fiscal year, if any, have been made pursuant to: (i) the Redevlopment Plan for the Project Area, and (ii) any Redevelopment Agreements affecting the Project Area, and are set forth in Section 3 herein by TIF-eligible expenditure category.
ATTACHMENT E
Agreements
Agreements entered into concerning the disposition or redevelopment of property within the Project Area during the preceding fiscal year, if any, are attached hereto.
None
ATTACHMENT F Additional Information
The amounts shown elsewhere in this report, including those shown in Section 3 herein, have been used to pay for project cost within the Project Area and for debt service (if applicable), all in furtherance of the objectives of the Redevelopment Plan for the Project Area.
FY 2010
TIF Name: 40th/State Redevelopment Project Area
ATTACHMENT M
INTERGOVERNMENTAL AGREEMENTS FY 2010
A list of all intergovernmental agreements in effect in FY 2010 to which the municpality is a part, and an accounting of any money transferred or received by the municipality during that fiscal year pursuant to those intergovernmental agreements. [65 ILCS 5/11-74.4-5 (d) (10)]_
Name of Agreement |
Description of Agreement |
Amount Transferred Out |
Amount Received |
None |
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FY 2010
TIF Name: 40th/State Redevelopment Project Area
40 /State Redevelopment Project Area 2010 Annual Report