Ordinance O2024-0009581
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 Skinner Park, 1331 W Monroe St
Auto-generated summary
The City of Chicago and the Chicago Park District, under the Tax Increment Allocation Redevelopment Act, collaborate on a Donovan Park project within a Redevelopment Area. The City's Department of Planning and Development uses Redevelopment Area Increment for TIF-Funded Improvements, including the Park District's capital costs. An intergovernmental agreement, overseen by the Commissioner of Planning and Development and the City’s Corporation Counsel, facilitates the project.
Sponsors
History
Locations mentioned
Legislation text
Additional Documents
- O2024-0009581 Committee Letter.pdf
- O2024-0009581 Exhibit A - Description.pdf
- Park District Agreement Mayoral Letter.pdf