Ordinance O2024-0008414
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Acquisition of vacant City-owned property at 4741 S Indiana Ave, in combination with owner's property at 4739 and 4743 S Indiana Ave, for development and construction of two three-story residential buildings with tax incremental financing (TIF) assistance
Auto-generated summary
Chicago's City Council approved a redevelopment plan for the 47th and King Drive area, under the Illinois Tax Increment Allocation Redevelopment Act. JD Housing LLC proposed to purchase city-owned property at 4741 South Indiana Avenue for $59,200, intending to construct two residential buildings. The Community Development Commission recommended the sale, which was publicly advertised in the Chicago Tribune, and a quitclaim deed will be issued upon sale completion.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- Digital Tracking Cover Sheet O20224-0008414.pdf
- EDS Redacted O2024-0008414_Redacted.pdf
- Mayor's Letter O2024-0008414.pdf
- Ordinance Exhibit A Legal O2024-0008414.pdf
- Ordinance Exhibit B Site Plan and Drawings O2024-0008414.pdf