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
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- O2024-0009581 Committee Letter.pdf
- O2024-0009581 Exhibit A - Description.pdf
- Park District Agreement Mayoral Letter.pdf