This chapter shall be known and may be cited as the "Privatization, Transparency, Accountability and Performance Ordinance". It is the purpose of this chapter and the policy of the City: (i) to subject the proposed sale, lease, or concession of significant City assets to careful evaluation and meaningful public scrutiny, and to ensure that Chicagoans receive appropriate benefit from such transactions; and (ii) to ensure that Chicagoans receive high-quality public services with due regard for cost to the taxpayers of the City and for both public and private sector workers who may provide such services.
(Added Coun. J. 11-18-15, p. 14398, § 1)