Title
AUTHORITY TO ENTER INTO INTERGOVERNMENTAL AGREEMENTS WITH THE CITY OF CHICAGO AND RELATED SISTER AGENCIES TO ACCEPT THE TRANSFER OF VARIOUS FUNDS FOR PARK PROJECTS
Body
To: The Honorable Board of Commissioners of the Chicago Park District
I. Recommendation
It is recommended that the Board of Commissioners of the Chicago Park District (the "Board") enter an order authorizing the acceptance of funds from the City of Chicago from various funding sources, including but not limited to those funds derived from: Tax Increment Financing (TIF), Open Space Impact Fees (OSIF), the Aldermanic Menu Program, (Menu), bonds, settlements or judgments, or grants, (collectively referred to as the "City Funds"). These City Funds will be applied toward the payment or reimbursement of the development, renovation and acquisition costs of various Park District property or projects. It is further recommended that the Board authorize the General Superintendent, or his designee, to negotiate, enter into, and execute any such agreements, amendments, indemnities, and instruments necessary to obtain these City Funds and to perform any and all acts as shall be necessary or advisable in connection with the transactions described herein for the remainder of 2019 calendar year.
II. Agreement Information
Grantor: City of Chicago
121 N. LaSalle
Chicago, Illinois 60602
Transfer Type: Intergovernmental transfer of various City funds for Park District projects.
Agreements: Intergovernmental agreements, amendments to intergovernmental agreements and assignment of grant agreements, if applicable, temporary right of entry, easements, restrictive covenants, and any other agreements or instruments necessary to comply with any restrictions of record for a portion or the entirety of the Property and the transfer of funds for development.
Authorization: Authorize the General Superintendent to negotiate, enter into, and execute such intergovernmental agreements, amendments to intergover...
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