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

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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, Brandon
Johnson, BrandonPrimary Sponsor

History

Date Legislative body Action
Date 2024-09-18 Legislative body Chicago City Council Action Referred
Date 2024-09-18 Legislative body Chicago City Council Action Introduced

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