Ordinance O2024-0012430
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Intergovernmental agreement with Chicago Board of Education for allocation of tax increment financing (TIF) funds for improvements at Collins Academy STEAM High School, 1313 S Sacramento Dr
Auto-generated summary
The City of Chicago, Board of Education, Public Building Commission, and Department of Planning and Development are executing an ordinance under the Tax Increment Allocation Redevelopment Act. The City Council approved a redevelopment plan, and the Board operates a school in the designated Redevelopment Area. The Department intends to use the Redevelopment Area Increment to fund improvements. The City and Board plan to enter an intergovernmental agreement, similar to a previously approved Form Agreement, to manage these improvements.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- BOE Intergovernmental Agreement Transmittal Letter.pdf
- O2024-0012430 Committee Letter.pdf
- O2024-0012430 Exhibit A - Project.pdf