Ordinance O2024-0008948
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Amendment of Municipal Code Section 17-4-0404 modifying limitation on minimum lot area reduction to exclude buildings in lawful existence for 20 years, in districts with dash 16 designations, and granted no previous floor area bonus
Auto-generated summary
The Committee on Zoning's proposed amendment to the Chicago Zoning Ordinance introduces the 17-4-0404-B MLA Reduction for Downtown Floor Area Bonus. This allows projects under Sec. 17-4-1000 to reduce minimum lot area per unit standards by one percent for each one percent increase in floor area, up to a 30 percent maximum reduction. The limitation does not apply to buildings in lawful existence for at least 20 years, located in districts with dash 16 bulk and density designations, and not previously granted a floor area bonus. The ordinance, effective upon passage and approval, is presented by Alderman Brendan Reilly of the 42nd Ward.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Reilly, BrendanPrimary Sponsor | Ward 42 |