Ordinance O2024-0008342
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
First amendment to intergovernmental agreement with Chicago Park District to provide tax increment financing (TIF) funds for improvements at Park 598 at 1514 N Larrabee St
Auto-generated summary
In 1997, the City of Chicago and the Chicago Park District adopted tax increment allocation financing for the Near North Redevelopment Project Area. The City Council authorized the Department of Planning and Development to use $3,150,000 of the Near North Increment for improvements to Near North Park. An Intergovernmental Agreement was later made, with an additional $1,250,000 reallocated to cover the total project costs of $4,400,000.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- 8342 Letter.pdf
- O2024-0008342 Exhibit A - First Amendment to Intergovernmental Agreement.pdf
- O2024-0008342 Transmittal Letter.pdf