Ordinance O2024-0010965
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
First amendment to intergovernmental agreement with Chicago Park District to provide tax increment financing (TIF) assistance funds for improvements at Kells Park
Auto-generated summary
The ordinance involves the City of Chicago, the Chicago Park District, and the Department of Planning and Development, under the Tax Increment Allocation Redevelopment Act. It covers the Chicago/Central Park and Kinzie Industrial Conservation Areas, improvements to Kells (George) Park, and the conveyance of the City Property to the Park District. The Original Project is expanded to include the Amended Project, with TIF-Funded Improvements not exceeding $17,000,000, as per the First Amended and Restated Agreement.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Legislation text
Additional Documents
- O2024-0010965 Committee Letter.pdf
- O2024-0010965 Exhibit A - Legal Description.pdf
- O2024-0010965 Exhibit B - First Amended Agreement.pdf
- O2024-0010965 Transmittal Letter.pdf