Ordinance O2024-0009583
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 Moran Park, 5727 S Racine Ave
Auto-generated summary
The City of Chicago and the Chicago Park District are undertaking TIF-Funded Improvements, including Donovan Park, within a designated Redevelopment Area. The Department of Planning and Development, authorized to execute an intergovernmental agreement, will use Redevelopment Area Increment for these improvements, part of the Park District's capital costs. The agreement's execution is subject to the Municipal Code of Chicago and the City’s Corporation Counsel, with the ordinance in effect upon passage and approval.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- O2024-0009583 Committee Letter.pdf
- O2024-0009583 Exhibit A - Description.pdf
- Park District Agreement Mayoral Letter.pdf