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TIF Projection Reports - 24th/Michigan

This is a filtered view based on TIF Projection Reports.

Row numberTIF Reference NumberTIF NameReport GroupItemYearAmount ($ Dollars)End Date
1T-07224th/MichiganFund BalanceEncumbrances through FY'122013-89600007/21/2022
2T-07224th/MichiganTransfers Between TIF DistrictsTransfer from River South (Streetscape - Michigan Av, 23rd St, and 24th St)2013531890007/21/2022
3T-07224th/MichiganCurrent ObligationsAcquisitions2013-850000007/21/2022
4T-07224th/MichiganCurrent ObligationsArterial street resurfacing - State, 2250 south to 25th St.2013-34380007/21/2022
5T-07224th/MichiganCurrent ObligationsProgram administration2013-2280007/21/2022
6T-07224th/MichiganCurrent ObligationsProgram administration2015-2760007/21/2022
7T-07224th/MichiganCurrent ObligationsProgram administration2016-2890007/21/2022
8T-07224th/MichiganCurrent ObligationsProgram administration2017-2960007/21/2022
9T-07224th/MichiganCurrent ObligationsProtected Bikeways 20132013-1590007/21/2022
10T-07224th/MichiganCurrent ObligationsSmall Business Improvement Fund2013-50000007/21/2022
11T-07224th/MichiganCurrent ObligationsStreet improvements - Wells St.2013-150000007/21/2022
12T-07224th/MichiganCurrent ObligationsStreet improvements - Wells St.2014-100000007/21/2022
13T-07224th/MichiganCurrent ObligationsStreet improvements - Wells St.2015-100000007/21/2022
14T-07224th/MichiganCurrent ObligationsStreetscape - Michigan Av, 23rd, and 24th2013-531890007/21/2022
15T-07224th/MichiganProposed TransfersProposed transfer from Near South (Jones HS)2014430000007/21/2022
16T-07224th/MichiganProposed TransfersProposed transfer from Near South (MPEA IGA)20141850000007/21/2022
17T-07224th/MichiganProposed TransfersProposed transfer from Near South (National Teachers Academy)20142400000007/21/2022
18T-07224th/MichiganCurrent ObligationsHilliard Homes-I RDA2014-5770007/21/2022
19T-07224th/MichiganCurrent ObligationsHilliard Homes-I RDA2013-5770007/21/2022
20T-07224th/MichiganCurrent ObligationsCTA station improvements - Cermak Red Line2013-60000007/21/2022
21T-07224th/MichiganCurrent ObligationsCTA new station - Cermak Green Line2013-3650000007/21/2022
22T-07224th/MichiganCurrent ObligationsCPS IGA - National Teachers Academy2014-3100000007/21/2022
23T-07224th/MichiganCurrent ObligationsCPS IGA - Jones HS athletic field2014-430000007/21/2022
24T-07224th/MichiganCurrent ObligationsChinatown Library2016-400000007/21/2022
25T-07224th/MichiganCurrent ObligationsChinatown Library2015-500000007/21/2022
26T-07224th/MichiganCurrent ObligationsChinatown Library2013-300000007/21/2022
27T-07224th/MichiganCurrent ObligationsBSB Holdings RDA2016-15700007/21/2022
28T-07224th/MichiganCurrent ObligationsBSB Holdings RDA2015-15700007/21/2022
29T-07224th/MichiganCurrent ObligationsBSB Holdings RDA2014-15700007/21/2022
30T-07224th/MichiganCurrent ObligationsBSB Holdings RDA2013-15700007/21/2022
31T-07224th/MichiganTransfers Between TIF DistrictsTransfer from Michigan/Cermak (National Teachers Academy)201419500007/21/2022
32T-07224th/MichiganTransfers Between TIF DistrictsTransfer from Near South (CTA Cermak Green Line Station)20133650000007/21/2022
33T-07224th/MichiganTransfers Between TIF DistrictsTransfer from River South (Acquisition - Motor Row)2013850000007/21/2022
34T-07224th/MichiganTransfers Between TIF DistrictsTransfer from River South (Library - Chinatown)2013300000007/21/2022
35T-07224th/MichiganTransfers Between TIF DistrictsTransfer from River South (Library - Chinatown)2015500000007/21/2022
36T-07224th/MichiganTransfers Between TIF DistrictsTransfer from River South (Library - Chinatown)2016400000007/21/2022
37T-07224th/MichiganTransfers Between TIF DistrictsTransfer from River South (National Teachers Academy)2014661500007/21/2022
38T-07224th/MichiganRevenueProperty tax201776400007/21/2022
39T-07224th/MichiganRevenueProperty tax201676400007/21/2022
40T-07224th/MichiganRevenueProperty tax201576400007/21/2022
41T-07224th/MichiganRevenueProperty tax201485100007/21/2022
42T-07224th/MichiganRevenueProperty tax201394200007/21/2022
43T-07224th/MichiganFund BalanceRevenue recognition adjustment2013-19590007/21/2022
44T-07224th/MichiganFund BalanceFY'12 year-end balance2013521700007/21/2022
45T-07224th/MichiganCurrent ObligationsHilliard Homes-I RDA2015-5770007/21/2022
46T-07224th/MichiganCurrent ObligationsHilliard Homes-I RDA2016-5770007/21/2022
47T-07224th/MichiganCurrent ObligationsHilliard Homes-I RDA2017-5770007/21/2022
48T-07224th/MichiganCurrent ObligationsHilliard Homes-II RDA2013-11850007/21/2022
49T-07224th/MichiganCurrent ObligationsHilliard Homes-II RDA2014-11850007/21/2022
50T-07224th/MichiganCurrent ObligationsHilliard Homes-II RDA2015-11850007/21/2022

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created Apr 15, 2011

updated Oct 28, 2013

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The Tax Increment Financing (TIF) Projection Report is a three-year planning document used to evaluate resources and project balances to determine how much funding has been committed and how much funding is available for potential projects in each of the City’s TIF districts. This report is updated with the latest available information and does not represent a final accounting of funds in any TIF district. Annual audited financial reports are found on the City’s website and are published once a year to reflect the balances and expenditures in each TIF fund. The TIF Projection Report provides estimates of TIF revenue and expenditures in each TIF district in the City of Chicago over a three-year period. Funding sources include: Unallocated Funds: Available funds at the beginning of the current year. This includes incremental property tax revenue from prior years. Revenue collected in the prior year is typically used to fund obligations in the current year. Some portion of prior-year collections may be used to fund obligations in subsequent years. Unallocated Bond/Note Proceeds: Available funds remaining from a bond sale or note issued to the City by a bank or other lender. Estimated Incremental Property Tax Revenue: Includes projected incremental property tax revenue collections for the current and subsequent two years. Estimates are based on recent equalized assessed values and tax rates and may be adjusted to reflect property tax collection patterns for a particular TIF. Transfers include: Transfers In: Funds that are transferred into a TIF district for a specific purpose from one or more adjacent TIF districts. Transfers Out: Funds that are transferred to one or more adjacent TIF districts for specific purposes. Current obligations items may include: Debt service payments on bonds or notes; payments to private developers pursuant to redevelopment agreements authorized by City Council; costs of public improvements; and costs of capital projects for overlapping taxing districts, such as the Board of Education or the Chicago Park District. The obligations may also include administrative costs that are incurred by the City for the implementation and administration of the Redevelopment Plan associated with each TIF. Potential projects include: Projects that are currently under consideration and which have not yet received necessary approval(s). In some cases, the dollar amounts listed reflect estimated project costs. As these projects take shape and move through the approval process, they are expected to become an obligation of the TIF.

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