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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.
Attachments: 1. O2011-6384.pdf

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|1010|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...

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