Ordinance O2024-0009580
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 Union Park, 1501 W Randolph St
Auto-generated summary
The Department of Planning and Development desires to reallocate an additional $1,000,000 from the Central West Increment to cover additional costs of the Project. The City and the Park District plan to enter into a Second Amendment to the Agreement, increasing the amount of assistance to a total of $3,750,000. The Commissioner of Planning and Development is authorized to execute and deliver the First Amendment.
Sponsors
History
Locations mentioned
Legislation text
Additional Documents
- O2024-0009580 Committee Letter.pdf
- O2024-0009580 Exhibit A - Second Amendment.pdf
- Park District Agreement Mayoral Letter.pdf