Ordinance O2024-0014255
Active
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Amendment No. 1 to Peterson/Pulaski Tax Increment Financing Redevelopment Plan and Project setting state statutory compliance deadline for repayment of project costs
Auto-generated summary
Chicago's Council approved a Peterson/Pulaski redevelopment plan in 2000. Senate Bill 2703, adopted in 2024, amended project completion and financing terms. Corporate Authorities approved Amendment 1, aligning with Act's Sections 11-74.4-3.5(c) and 11-74.4-3(n)(3), superseding TIF Ordinances, and addressing invalidity and effective date provisions.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
| Date | Legislative body | Action |
|---|---|---|
| Date 2024-12-02 | Legislative body Chicago City Council | Action Referred |
| Date 2024-12-02 | Legislative body Chicago City Council | Action Introduced |
Legislation text
Additional Documents
- O2024-0014255 Digital Tracking Cover.pdf
- O2024-0014255 Legislation Exhibit A.pdf
- O2024-0014255 Mayor's Letter.pdf