Ordinance O2023-0004453
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Intergovernmental agreement with and transfer of property at 4815, 4823, 4827 N Sacramento Ave and at 2902, 2940, 2944, and 2954 W Lawrence Ave to Chicago Park District for expansion of Ronan Park utilizing Tax Increment Financing (TIF) funds
Auto-generated summary
Mayor Johnson's ordinance, requested by the Commissioner of Planning and Development and assigned to the Committee on Housing and Real Estate, proposes a land disposition agreement with the Chicago Park District. The Community Development Commission and the Board of Commissioners approved the transfer of seven parcels, currently used as a garden by refugee families, in the Lawrence/Kedzie Area for Ronan Park's expansion using $3.5 million TIF funds. The city plans to convey the property to the Park District for $1, aligning with the city's Redevelopment Plan to increase open space for recreational and aesthetic uses.
