Here’s what our friends at the City of Chicago have been up to, TIF-wise, lately.
REVISED TENTATIVE AGENDA
I. ROLL CALL
II. APPROVE MINUTES OF SEPTEMBER 9TH CDC MEETING
III. OLD BUSINESS
A. PROPOSED ARCHER/WESTERN TIF REDEVELOPMENT PROJECT AREA (WARDS 11 AND 12) Accept for review the feasibility study, housing impact study and redevelopment plan for the proposed Archer/Western Tax Increment Financing Redevelopment Project Area, and set dates for a public meeting of the Joint Review Board and a public hearing.
IV. NEW BUSINESS
A. KINZIE INDUSTRIAL CORRIDOR TIF REDEVELOPMENT PROJECT AREA (WARD 27) Request authority for the Department of Planning and Development to negotiate a redevelopment agreement with Peppercorn Capital, LLC and European Designs, Inc. for redevelopment of property located at 240 N. Ashland Avenue in the Kinzie Industrial Corridor Tax Increment Financing Redevelopment Project Area, and to recommend to the City Council of the City of Chicago the designation of Peppercorn Capital, LLC and European Design, Inc. as Developer.
B. ROOSEVELT/CICERO TIF REDEVELOPMENT PROJECT AREA (WARD 24) Request authority to advertise and issue a Request for Proposals for the purchase and redevelopment of the property located at 2118 S. Kostner Avenue in the Roosevelt/Cicero Tax Increment Financing Redevelopment Project Area.
C. WOODLAWN TIF REDEVELOPMENT PROJECT AREA (WARD 20) Request authority to advertise the Department of Planning and Development’s intention to enter into a negotiated sale with 62nd and Ellis, Corp. for disposition of the property located at the southeast corner of 62nd Street and Ellis Avenue in the Woodlawn Tax Increment Financing Redevelopment Project Area, to request alternative proposals, and to approve the sale of the property to 62nd and Ellis, Corp. if no responsive alternative proposals are received.
D. ENGLEWOOD MALL TIF REDEVELOPMENT PROJECT AREA (WARD 16) Request authority to advertise the Department of Planning and Development’s intention to enter into a negotiated sale with 901 W. 63rd, LP for the disposition of the property located at 901-23 W. 63rd Street in the Englewood Mall Tax Increment Financing Redevelopment Project Area, to request alternative proposals, and to approve the sale of the property to 901 W. 63rd, LP if no responsive alternative proposals are received; and request authority for the Department of Planning and Development and the Department of Housing to negotiate a redevelopment agreement with 901 W. 63rd, LP for redevelopment of the property, and to recommend to the City Council of the City of Chicago the designation of 901 W. 63rd, LP as Developer if no responsive alternative proposals are received.
E. CENTRAL LOOP TIF REDEVELOPMENT PROJECT AREA (WARD 42) Request authority for the Department of Planning and Development to negotiate a redevelopment agreement with 108 N. State Retail, LLC, 108 N. State Transit, LLC and 108 N. State Residential, LLC for redevelopment of the property located at 108 N. State Street in the Central Loop Tax Increment Financing Redevelopment Project Area, and to recommend to the City Council of the City of Chicago the designation of 108 N. State Retail, LLC, 108 N. State Transit, LLC and 108 N. State Residential, LLC as Developer.
V. ADJOURNMENT