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AUTHORITY TO ENTER INTO INTERGOVERNMENTAL AGREEMENTS
WITH THE CITY OF CHICAGO AND VARIOUS STATE AND LOCAL GOVERNMENTAL AGENCIES TO ACCEPT THE TRANSFER OF VARIOUS
FUNDS AND SERVICES FOR PARK PROJECTS
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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 services and funds and entering into corresponding agreements to allow funding 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 "Intergovernmental Funds") from the City of Chicago and other Illinois state and local governmental agencies. These Intergovernmental Funds and/or services will be applied toward the payment or reimbursement of the acquisition, development, and renovation costs of various Park District property or projects.
It is also 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 funds and/or services and perform any and all acts as shall be necessary or advisable in connection with the transactions described herein for the remainder of the 2017 calendar year, provided that such are not in conflict with the Chicago Park District Code or not specifically authorized therein.
It is further recommended that the Board authorize the General Superintendent, or his designee, to negotiate, enter into, and execute any such agreement, amendments and perform any and all acts as shall be necessary or advisable to participate as a member in and implement recommendations of governmental agency task forces and other initiatives.
II. Agreement Information
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