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

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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, 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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Legislation text

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