Common Contracts

AN ORDINANCE APPROVING REDEVELOPMENT AGREEMENT

Redevelopment Agreement • November 9th, 2020

• Contract Type
  Redevelopment Agreement
• Filed
  November 9th, 2020

WHEREAS, Section 11-74.4-4 of the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11- 74.4-4) provides that no agreement regarding the development of land shall be made except upon the adoption of an ordinance by the corporate authorities;