Ordinance O2023-0003005
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Intergovernmental agreement with Chicago Board of Education regarding tax increment financing (TIF) funds for new artificial turf sports field, rubber surface running track, LED tall pole lighting, and drainage infrastructure at Greater Lawndale High School and Technology High School, 3120 S Kostner Ave
Auto-generated summary
Mayor Brandon Johnson's ordinance outlines an intergovernmental agreement between Chicago and its Board of Education for Tax Incremental Financing, under the Tax Increment Allocation Redevelopment Act, for new facilities at Greater Lawndale and Technology High Schools, located at 3120 S Kostner Ave. The Public Building Commission of Chicago will facilitate the construction, part of the Little Village Industrial Corridor Redevelopment Project Area. The Department of Planning and Development plans to use a portion of the Redevelopment Area Increment, not exceeding $4,000,000, for TIF-Funded Improvements, which include an artificial turf sports field, a rubber surface running track, LED tall pole lighting, and drainage infrastructure, as per the Project Budget. The ordinance was adopted on June 13, 2007, and the project is partly funded by Chicago Public Schools.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |