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Designation of expanded Diversey/Chicago River Redevelopment Project Area as tax increment allocation financing (TIF) redevelopment project area

Legislation tracker › Finance

Record number: O2024-0014391
Type: Ordinance; category: Tax Increment Financing Districts
Status: Final (Signed)
Sponsor: Johnson, Brandon
Committee: Committee on Finance
Submitted Date: Dec 10, 2024
Introduction Date: Dec 11, 2024
Final Action Date: Jan 15, 2025
Official record: Office of the City Clerk

Timeline

Dec 11, 2024: Referred, City Council. The matter was Referred to Committee.
Jan 13, 2025: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
Jan 15, 2025: Passed, City Council (49 yea, 1 nay), at the City Council meeting. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.
Jan 16, 2025: Signed by Mayor, City Council. The matter was Signed by the Mayor.

Documents

O2024-0014391 Committee Letter.pdf (Committee Letter)
O2024-0014391 Exhibit A - Legal Description.pdf (Exhibits)
O2024-0014391 Exhibit B - Street Boundary Description of the Area.pdf (Exhibits)
O2024-0014391 Exhibit C - Map of Expanded Area.pdf (Exhibits)
O2024-0014391 SIGNED BY MAYOR_0767.pdf (Legislation)
O2024-0014391.pdf (Legislation)
Department of Law Transmittal - Expansion of Diversey-Chicago.pdf (Miscellaneous)
Mayoral Transmission - Expansion of Diversey-Chicago.pdf (Miscellaneous)

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Issuance of general obligation bonds (2027-2028 General Obligation Borrowing Ordinance) (O2026-0029650, introduced Oct 21, 2026, Referred)
Fiscal Year 2027 Budget Recommendations (O2026-0029642, introduced Oct 21, 2026, Referred)

More on Tax Increment Financing Districts

Establishment of Tax Increment Financing (TIF) Neighborhood Improvement Program to provide TIF assistance for Home Repair Program (O2026-0029411, introduced Oct 14, 2026, Referred)
Fourth amendment to Pilsen tax increment financing (TIF) redevelopment project and plan (O2026-0027139, introduced Jul 15, 2026, Passed)
Designation of expanded Central West tax increment financing (TIF) redevelopment project area (O2026-0027301, introduced Jul 15, 2026, Passed)

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