Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Amendment No. 1 to 63rd/Pulaski Tax Increment Financing (TIF) Redevelopment Plan and Project regarding statutory repayment deadlines
The City Council of Chicago approved the Original Plan for the 63rd/Pulaski Redevelopment Project Area under the Tax IncrementAllocation Redevelopment Act. The Amendatory Act extended the project's completion and financial obligations retirement to December 31, 2036. Section 11-74.4-3(n)(9) authorizes plan amendments without a joint review board meeting, provided changes don't exceed a 5% cost increase limit. Amendment No. 1 includes Estimated Redevelopment Project Costs, adjusted for inflation using the Consumer Price Index (CPI).
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