Ordinance O2024-0012444 - Chicago Councilmatic

Redevelopment agreement with and issuance of tax increment financing (TIF) funds to German American National Congress Chapter Chicago - North and D.A.N.K. House d.b.a. DANK Haus German American Cultural Center for rehabilitation project at 4740 N Western Ave

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Chicago uses the Tax Increment Allocation Redevelopment Act to finance projects like the Western Avenue North Plan, funded through the Western Avenue North TIF Ordinance. A 2023 redevelopment agreement for a project at 4740 North Western Avenue with the German American National Congress Chapter Chicago and DANK Haus German American Cultural Center faced challenges, requiring Redevelopment Agreement amendments. The Commissioner of Planning and Development, with Corporation Counsel approval, can negotiate these changes, which override conflicting Municipal Code provisions and remain effective even if parts of the ordinance are invalid.