Ordinance O2024-0010117
Passed
Acceptance of reconveyance deeds from Bickerdike Redevelopment Corporation for properties at 1256 N Artesian Ave (Site 4), 1353 N Maplewood Ave (Site 3), 3301 W Crystal St (Site 1), 1020 N Kedzie Ave (Site 15) and release of 3047 W Wabansia Ave (Site 16) from amended redevelopment agreement
Auto-generated summary
The 2010 Ordinance amended Project Ordinances, resulting in an Amended RDA. However, due to the housing market collapse, construction on certain City Lots, now referred to as Vacant Parcels, was deemed financially unfeasible. These parcels are encumbered by the Illinois Affordable Housing Tax Credit Regulatory Agreement. The City's Department of Housing has determined it's in the City's best interests to reacquire the Vacant Parcels.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Legislation text
Additional Documents
- O2024-0010117 Digital Tracking Sheet.pdf
- O2024-0010117 Economic Disclosure_Redacted.pdf
- O2024-0010117 Exhibit A City Lot Listing from RDA.pdf
- O2024-0010117 Mayoral Introductory Letter.pdf
- O2924-0010117 Exhibit B Excluded City Lots from RDA.pdf