Ordinance O2024-0009579
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Second amendment to intergovernmental agreement with Chicago Park District to provide tax increment financing (TIF) funds for improvements at Revere Park, 2509 W Irving Park Rd
Auto-generated summary
The City of Chicago and the Chicago Park District agreed to cover the $7,500,000 project costs for Revere Park improvements, using the Western Avenue South Increment. They entered into an Intergovernmental Agreement, which is to be amended as per the First Amendment. The Commissioner of Planning and Development and a designee are authorized to negotiate and execute the amendment, subject to the approval of the Corporation Counsel, overriding any conflicting provisions of the Municipal Code of Chicago.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- O2024-0009579 Committee Letter.pdf
- O2024-0009579 Exhibit A - Second Amendment.pdf
- Park District Agreement Mayoral Letter.pdf