Office of the City Clerk - Record #: O2011-6384

• Record #: O2011-6384
• Type: Ordinance
• Status: Passed
• Intro date: 7/28/2011
• Current Controlling Legislative Body: Committee on Finance
• Final action: 9/8/2011
• Title: Intergovernmental agreement with Chicago Housing Association for provision of Tax Increment Financing (TIF) assistance for Judge Fisher Apartments
• Sponsors: Emanuel, Rahm
• Topic: TAX INCREMENT FINANCING DISTRICTS - Hollywood/Sheridan T.I.F.

Date	Journal Page Number	Action By	Action	Result
9/16/2011		Office of the Mayor	Signed by Mayor	Pass
9/8/2011	5800	City Council	Passed	Pass
9/7/2011		Committee on Finance	Recommended to Pass	Pass
7/28/2011	3755	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
July 28, 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 an ordinance authorizing the execution of an intergovernmental agreement with the Chicago Housing Authority regarding tax increment financing assistance for the Judge Fisher Apartments.
Your favorable consideration of this ordinance will be appreciated.
Very truly yours,

Mayor
ORDINANCE|10
10|WHEREAS, the City of Chicago (the "City") is a municipal corporation and home rule unit of government under Article VII, Section 6(a) of the 1970 Constitution of the State of Illinois; and
WHEREAS, the Chicago Housing Authority ("CHA") is engaged in the development and operation of safe, decent and sanitary housing throughout the Chicago metropolitan area for low-income families in accordance with the United States Housing Act of 1937,42 U.S.C. Section 1437 et seq., regulations promulgated by the United States Department of Housing and Urban Development, and the State Housing Authorities Act, 310 ILCS 10/1 etseq., as amended, and other applicable laws, regulations and ordinances; and
WHEREAS, the CHA owns, operates and maintains a senior living facility known as Judge Fisher Apartments (the "Building") located on a parcel of land commonly known as 5821 North Broadway Street, Chicago, Illinois (the "Property"); and
WHEREAS, the CHA desires to install certain site improvements at the Property and rehabilitate parts of the Building (collectively, the "Project"); and
WHEREAS, the City is authorized under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seg., as amended from time to time (the "Act"), to finance projects that eradicate blight conditions and conservation factors that could lead to blight, through the use of tax increment allocation financing for redevelopment projects; and •
WHEREAS, to ind...