Ordinance SO2024-0007864
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Revised Redevelopment Agreement adjusting payout terms of tax increment financing [TIF] funds to Chicago Cooperative regarding project delays to redevelop 4620 N Broadway into full service grocery store
Auto-generated summary
Chicago's 2022 Original Ordinance facilitated a Redevelopment Agreement with Chicago Cooperative for a delayed 18,237 square-foot grocery store project at 4620 North Broadway, risking a $1,800,000 second payment from the Wilson Yard TIF Fund. The city and developer seek to amend the agreement for full $5,800,000 disbursement upon Certificate issuance, requiring a Revised Redevelopment Agreement.
Alternate identifiers: O2024-0007864
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Legislation text
Additional Documents
- O2024-0007864 EDS.pdf
- O2024-0007864 Exhibit A - Revised Redevelopment Agreement.pdf
- SO2024-0007864 Committee Letter.pdf
- SO2024-0007864 Revised Exh A Coop Redevelop Agree.pdf