# Adoption of tax increment allocation financing for Amendment No. 1 to redevelopment plan for Diversey/Chicago River Redevelopment Project Area

[Legislation tracker](https://www.chicagopolitics.org/tracker) › [Finance](https://www.chicagopolitics.org/committee/finance)

- Record number: **O2024-0014392**
- Type: Ordinance; category: Tax Increment Financing Districts
- Status: Final (Signed)
- Sponsor: Johnson, Brandon
- Committee: [Committee on Finance](https://www.chicagopolitics.org/committee/finance)
- Submitted Date: Dec 10, 2024
- Introduction Date: Dec 11, 2024
- Final Action Date: Jan 15, 2025
- Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=BC7749C0-11B7-EF11-B8E9-001DD8306DF0)

## 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](https://www.chicagopolitics.org/meeting/B8D0B8F8-04BC-EF11-B8E9-001DD804AA64). 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

- [O2024-0014392 Committee Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/d337b5e5-425c-4872-a9d3-28e311527951.pdf) (Committee Letter)
- [O2024-0014392 Exhibit A - Legal Description.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/ed879642-515a-4e9e-afc0-d3490d3b0743.pdf) (Exhibits)
- [O2024-0014392 Exhibit B - Street Boundary Description of Area.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/714268b7-139f-4f63-a3b2-8a1ce483bec4.pdf) (Exhibits)
- [O2024-0014392 Exhibit C - Map of Expanded Area.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/4fda6a9e-2437-42ee-b3c3-9b0a0ccd01e8.pdf) (Exhibits)
- [O2024-0014392 SIGNED BY MAYOR\_0769.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/b8ce2c93-753f-4dfa-a99f-4684af9cbbba.pdf) (Legislation)
- [O2024-0014392.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/7f566604-7dcc-414e-8df5-d34fbf7ce49f.pdf) (Legislation)
- [Department of Law Transmittal - Expansion of Diversey-Chicago.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/dcfa9c5a-ddc9-4f36-8dbd-57c26d057584.pdf) (Miscellaneous)
- [Mayoral Transmission - Expansion of Diversey-Chicago.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/baae55bb-839d-4b3f-82a3-3d8b0c76cee3.pdf) (Miscellaneous)

## Related legislation

**More from Johnson, Brandon**

- [Executive Order No. 2026-7 (Senior Bill of Rights and Establishing the Mayor's Office on Aging)](https://www.chicagopolitics.org/matter/F2026-0029547-executive-order-no-senior-bill-rights) (F2026-0029547, introduced Dec 8, 2026, Placed on File)
- [Issuance of general obligation bonds (2027-2028 General Obligation Borrowing Ordinance)](https://www.chicagopolitics.org/matter/O2026-0029650-issuance-general-obligation-bonds-general-obligation) (O2026-0029650, introduced Oct 21, 2026, Referred)
- [Fiscal Year 2027 Budget Recommendations](https://www.chicagopolitics.org/matter/O2026-0029642-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](https://www.chicagopolitics.org/matter/O2026-0029411-establishment-tax-increment-financing-tif-neighborhood) (O2026-0029411, introduced Oct 14, 2026, Referred)
- [Fourth amendment to Pilsen tax increment financing (TIF) redevelopment project and plan](https://www.chicagopolitics.org/matter/O2026-0027139-fourth-pilsen-tax-increment-financing-tif) (O2026-0027139, introduced Jul 15, 2026, Passed)
- [Designation of expanded Central West tax increment financing (TIF) redevelopment project area](https://www.chicagopolitics.org/matter/O2026-0027301-expanded-central-west-tax-increment-financing) (O2026-0027301, introduced Jul 15, 2026, Passed)

Sources and methods: [how we get and count this data](/about#methods) · [report an error](/about#corrections)

---
Source: https://www.chicagopolitics.org/matter/O2024-0014392-adoption-tax-increment-allocation-financing-no · Chicago Politics, an independent tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt