Ordinance O2023-0005047
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Restructuring and redevelopment agreement with tax increment financing (TIF) assistance and additional City funds to Austin United Alliance LP, Austin United Alliance GP LLC for multi-family, mixed-use development at 5206-5224 W Chicago Ave
Auto-generated summary
On October 4, 2023, the Office of City Clerk, Mayor Johnson, and the Committee on Committees and Rules discussed an ordinance for Austin United Alliance LP and GP LLC's 78-unit development at 5206 W Chicago Ave. The $660,000,000 Chicago Recovery Plan ordinance includes a $14,450,000 loan and $12,900,000 from the TIF Fund. The development, part of the Austin Commercial redevelopment project, was approved by the Community Development Commission and involves Heartland Housing Inc. and Oak Park Regional Housing Center.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- O2023-0005047 EDS.pdf
- O2023-0005047 Exhibit A.pdf
- O2023-0005047 Exhibit B.pdf
- O2023-0005047 Exhibit C.pdf
- O2023-0005047 Exhibit G.pdf
- O2023-0005047 Exhibits E and F.pdf
- O2023-0005047 Exhibits H1 and H2.pdf
- O2023-0005047 Exhibits I,J,K,L.pdf
- O2023-0005047 Letter.pdf