Ordinance 71601

Second Amended and Restated Tax Increment Financing Redevelopment Plan

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Summary

This Board Bill adopts a Second Amended and Restated Tax Increment Financing Redevelopment Plan; approves Redevelopment Projects for RPAs 4, 6, and 8; adopts tax increment financing within RPAs 4, 6, and 8; establishes related sub-accounts of the Special Allocation Fund; and establishes a Strategic Infrastructure for Economic Growth Fund for receipt of up to 10% of TIF Revenues pursuant to Section 99.821 of the TIF Act.

Overview

Session: 2022-2023

Board Bill Number: 115

Primary Sponsors: Tina (Sweet-T) Pihl

Effective: 01/20/2023

Legislative History

Legislative activities and outcomes for this board bill. Learn more about what these activities mean.

  • 10/28/2022

    First Reading

    Bill text was introduced (1.60 MB PDF).

  • 10/28/2022

    Referred to a Committee

    The bill was assigned to the Housing, Urban Development and Zoning Committee.

  • 11/17/2022

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.

  • 11/18/2022

    Second Reading

  • 12/01/2022

    Perfection

    The bill was passed.

  • 12/09/2022

    Engrossment

    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 12/09/2022

    Third Reading

    The bill was passed.

  • 12/09/2022

    Delivered to Mayor

  • 12/20/2022

    Mayor Returns Bill

    The bill was approved.

  • 12/20/2022

    Delivered to Register

  • 12/29/2022

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71601. Effective date is 01/20/2023

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