Ordinance O2024-0012431
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 James Weldon Johnson STEAM Elementary School, 1420 S Albany Ave
Auto-generated summary
The City of Chicago, Board of Education, and Public Building Commission are part of an ordinance under the Tax Increment Allocation Redevelopment Act for a school in a Redevelopment Area. The Board's TIF-funded improvements are detailed in a Project Budget. An intergovernmental agreement is being negotiated, subject to the City’s Corporation Counsel's approval. The ordinance overrides conflicting Municipal Code provisions and takes effect upon passage and approval.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- BOE Intergovernmental Agreement Transmittal Letter.pdf
- O2024-0012431 Committee Letter.pdf
- O2024-0012431 Exhibit A - Project.pdf