The city of Chicago Committee on Finance met Nov. 28 to approve redevelopment plans.
Here is the meeting's agenda, as provided by the committee:
A standing committee of the Chicago City Council, the finance committee focuses on legislative matters relating to the city’s finances, workers’ compensation claims, police and fire claims, other claims against the city and other administrative matters.
AGENDA
COMMITTEE ON FINANCE
NOVEMBER 28,2016
10:00 A.M.
CITY COUNCIL CHAMBER
Pursuant to a Notice filed November 17,2016, the Committee on Finance will hold a subject-matter-only hearing to discuss the CTA Red and Purple Modernization Phase One Project.
Matters to be included in this discussion are as follows:
Amending the Devon/Sheridan TIF Plan and Area
Amending the Bryn Mawr/Broadway TIF Plan and Area
Designating a Transit Facility Improvement Area
Approving a Redevelopment Plan for the Red and Purple Modernization (RPM) Phase One Project Redevelopment Project Area
Designating the Redevelopment Plan for the Red and Purple Modernization (RPM) Phase One Project Redevelopment Project Area as a Redevelopment Project Area Pursuant to the TIF Act
Adopting Tax Increment Financing for the Red and Purple Modernization (RPM) Phase One Project Redevelopment Project Area
Authorizing the Execution of a Redevelopment Agreement/Intergovernmental Agreement with the CTA regarding TIF funding
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