The following terms wherever used in this ordinance shall have the following meanings unless a different meaning appears from the context:
(a) "Commission" means the community development commission.
(b) "City" means the City of Chicago.
(c) "Government" means the United States of America or instrumentality thereof.
(d) "Redevelopment area" means a slum, blighted, deteriorated or deteriorating area in the aggregate of not less than two acres located within the territorial limits of the city where buildings, improvements or vacant lots are detrimental to the public safety, health, morals, welfare or economic stability because of age, dilapidation, obsolescence, overcrowding, lack of light, ventilation or adequate sanitary facilities, inadequate utilities, excessive land coverage, deleterious land use or layout, inadequate or ineffective use, or failure to generate a proper share of tax revenues, housing opportunities or employment commensurate with the capacity of the area, or any combination of such factors.
(e) "Redevelopment plan" means the comprehensive program for the clearing or rehabilitation and the physical development of a redevelopment area. The plan may include, but is not limited to:
(1) Land uses;
(2) Improvement, alteration or vacation of streets and alleys, provisions for restricted services access and off-street parking;
(3) Locations and easements for public and private utilities;
(4) Community facilities;
(5) Landscaping and site improvement;
(6) Analysis and provision for the transportation requirements of the area;
(7) Building restrictions;
(8) Recommended construction including new buildings, rehabilitation and conversions, demolition of designated structures and elimination of nonconforming uses;
(9) Density, number of units, land coverage and setback requirements;
(10) Provisions for open spaces and plazas;
(11) Recommended standards of maintenance, requirements of applicable health and safety ordinances;
(12) Zoning and/or zoning required;
(13) Administrative, funding, and financial details and proposals including financing arrangements and costs of public portions of the plan;
(14) Recommended timetable of various stages of the program;
(15) Relocation of property owners and tenants as may be required to implement the plan;
(16) Environmental conditions and proposed remediation;
(17) State and federal landmark restrictions; and
(18) Any and all other steps needed to carry out the plan.
(f) "Redevelopment project area" means a redevelopment area for which a redevelopment plan has been approved by the city council.
(g) "Redevelopment project costs" means and includes the sum total of all reasonable or necessary costs incidental to a redevelopment project. Reasonable and necessary costs may include, without limitation, administration costs, studies and surveys, plans, specifications, architectural and engineering services; legal, marketing, planning or other special services; financing; acquisition; demolition; clearing and grading of land; construction; site preparation and equipment and site development of new and rehabilitated buildings, and public and private improvements; property management and maintenance; rehabilitation, construction, repair or remodeling of existing buildings; relocation costs; environmental investigations and remediation; and all necessary and incidental expenses related to the financing of a redevelopment project and issuance of bonds, including an initial bond and interest reserve and credit enhancement, interest on bonds issued to finance a project to completion, and bond issuance costs.
(Added Coun. J. 12-11-91, p. 10936)