Ordinance O2024-0008340
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
First amendment to redevelopment agreement with NP Avenue O LLC to provide tax increment financing (TIF) funds for improvements at Commerce Park
Auto-generated summary
Chicago's Department of Planning and Development and NP Avenue O, LLC entered into the North Point Redevelopment Agreement for a project involving the construction of a facility and the Streets Project in the 116th/Avenue O Redevelopment Area. An Amending Agreement is proposed to extend the Streets Project's construction timetable without increasing the TIF assistance. The Commissioner of DPD is authorized to execute this amendment.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Legislation text
Additional Documents
- 8340 Letter.pdf
- O2024-0008340 EDS.pdf
- O2024-0008340 Exhibit A - First Amendment to Redevelopment Agreement.pdf
- O2024-0008340 Transmittal Letter.pdf