First amendment to intergovernmental agreement with Chicago Park District to provide tax increment financing (TIF) funds for construction of Park 599 at 1623 W Edgewater Ave

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The City of Chicago and the Chicago Park District, under the Tax Increment Allocation Redevelopment Act, authorized the use of the Edgewater/Ashland Increment for constructing Park 599. The Department of Planning and Development, led by the Commissioner, seeks to reallocate an additional $450,000 from the Increment, pending approval from the Corporation Counsel. This leads to a First Amendment to the intergovernmental agreement, overriding any conflicting provisions in the Municipal Code of Chicago.

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