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Record #: O2011-6404   
Type: Ordinance Status: Passed
Intro date: 7/28/2011 Current Controlling Legislative Body: Committee on Finance
Final action: 9/8/2011
Title: Redevelopment agreement with Viceroy Apartments and associated amendment to Central West Redevelopment Plan
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Redevelopment
Attachments: 1. O2011-6404.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 a redevelopment agreement for the Viceroy Apartments and an associated amendment to the Central West Redevelopment Plan.
Your favorable consideration of this ordinance will be appreciated.
Very truly yours,

Mayor
ORPIN ANC E
WHEREAS, pursuant to an ordinance adopted by the City Council ("City Council") of the City of Chicago (the "City") on February 16, 2000, and published at pages 25277 through 25409 in the Journal of Proceedings of the City Council (the "Journal") of such date, a certain redevelopment plan and project (the "Original Redevelopment Plan") for the Central West Redevelopment Project Area (the "Redevelopment Area") was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seq.) (the "Act")(the "Approval Ordinance"); and
WHEREAS, pursuant to an ordinance adopted by the City Council on February 16, 2000, and published at pages 25410 through 25420 in the Journal of such date, the Redevelopment Area was designated as a "redevelopment project area" pursuant to the Act (the "Designation Ordinance"); and
WHEREAS, pursuant to an ordinance (the "Adoption Ordinance") adopted by the City Council on February 16, 2000, and published at pages 25421 through 25432 in the Journal of such date, tax increment allocation financing was adopted pursuant to the Act as a means of financing certain redevelopment project costs (as defined in the Act) in the Redevelopment Area incurred pursuant to the Original Redevelopment Plan; and
WHEREAS, pursuant to an ordinance adopted by the City Council on March 12, 2008, and published at pages 81982 through 81991 of the Journal of such date (the "Amended Approval Ordinance"), the Central West Redeve...

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