Ordinance O2023-0004450
Passed
Second amendment to redevelopment agreement with Imani Senior Village Phase 1 LLC for development of Imani Village at 9621 South Cottage Grove
Auto-generated summary
The City of Chicago has passed an ordinance to address the shortage of affordable rental housing for low and moderate-income individuals. The ordinance includes a redevelopment agreement with Imani Senior Village Phase 1 LLC for a property at 9621 S. Cottage Grove Ave, which will be used to construct a building for low- and moderate-income senior citizens. The project will be funded by Incremental Taxes and is in accordance with the Redevelopment Plan. The agreement requires the developer to submit an Annual Compliance Report to ensure adherence to the obligations outlined in the agreement. The project must also comply with environmental laws and regulations. Key terms related to the project and agreement are defined within the context of the agreement.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Legislation text
Additional Documents
- 2Legal Exhibit B IMANI VILLAGE SENIOR_0191.pdf
- 3 Exhibit C IMANI AGREEMENT.docx
- 3 Exhibit C IMANI AGREEMENT.pdf
- EDS's IMANI SENIOR VILLAGE Redacted.pdf
- O2023-4450 Letter.pdf