Ordinance O2024-0009578
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Intergovernmental agreement with Chicago Park District to provide tax increment financing (TIF) funds for improvements at Welles Park, 2333 W Sunnyside Ave
Auto-generated summary
The City of Chicago and the Chicago Park District are collaborating on TIF-Funded Improvements at Donovan Park, within a designated Redevelopment Area. The City Council approved a Project Budget and an intergovernmental agreement, including the Park District's capital costs as per Section 5/11-74.4-3(u) of the Tax Increment Allocation Redevelopment Act. The Commissioner of Planning and Development and the City’s Corporation Counsel are authorized to execute the agreement, overriding any conflicting provisions in the Municipal Code of Chicago.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- O2024-0009578 Committee Letter.pdf
- O2024-0009578 Exhibit A - Description.pdf
- Park District Agreement Mayoral Letter.pdf