Ordinance O2023-0006007
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Amendment No. 1 to Lincoln Ave Tax Increment Finance (TIF) Area Redevelopment Plan and Project regarding state statutory project repayment deadlines and new phased implementation strategy for redevelopment
Auto-generated summary
Mayor Brandon Johnson transmitted ordinances authorizing amendments to the Lincoln Avenue Tax Increment Finance Area Redevelopment Plan and Project, extending its completion to December 31, 2035. These amendments were requested by the Commissioner of Planning and Development and approved by the Committee on Finance, chaired by Alderman Pat Dowell.
