City of Chicago Community Development Commission will meet December 12.

By Lhalie Castillo

Dec 6, 2017

Here is the agenda provided by the Commission:

I. Roll Call

II. Approval Of Minutes Of The November 14th Meeting

III. Old Business

A. Proposed Foster/Edens TIF Redevelopment Project

Area (Ward 39) Recommend approval of the redevelopment plan for the proposed Foster/Edens Tax Increment Financing Redevelopment Project Area, recommend designation of the area as a Tax Increment Financing Redevelopment Project Area, and recommend adoption of Tax Increment Financing for the area.

IV. New Business

A. 47th/King Redevelopment Project Area (Ward 3)

Request authority to advertise the Department of Planning and Development’s intention to enter into a negotiated sale with R & D Builders, LLC, or a related entity, for the disposition of the property located at 4412 S. Calumet Avenue in the 47th/King Tax Increment Financing Redevelopment Project Area, to request alternative proposals, and to approve the sale of the property to R & D Builders, LLC, or a related entity, if no responsive alternative proposals are received.

B 47th/King Redevelopment Project Area (Ward 3)

Request authority to advertise the Department of Planning and Development’s intention to enter into a negotiated sale with Wade Enterprise & Associates Inc., or a related entity, for the disposition of the property located at 4317 and 4319 S. Calumet Avenue and 4512 S. Indiana Avenue in the 47th/King Tax Increment Financing Redevelopment Project Area, to request alternative proposals, and to approve the sale of the property to Wade Enterprise & Associates Inc., or a related entity, if no responsive alternative proposals are received.

C. 47th/King Redevelopment Project Area (Ward 3)

Request authority to advertise the Department of Planning and Development’s intention to enter into a negotiated sale with Urban Equities Inc., or a related entity, for the disposition of the property located at 4534 S. Calumet Avenue in the 47th/King Redevelopment Project Area, to request alternative proposals, and to approve the sale of the property to Urban Equities Inc., or a related entity, if no responsive alternative proposals are received.

V. Adjournment

https://www.cityofchicago.org/content/dam/city/depts/dcd/agendas/CDC_Dec_2017.pdf

ORGANIZATIONS IN THIS STORY

City Of Chicago Community Development Commission

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