Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Redevelopment Agreement Purpose: To authorize execution of a Redevelopment Agreement with Centerpoint 49 Rutherford Urban Renewal, LLC Entity Name: CenterPoint 49 Rutherford Urban Renewal, LLC Entity Address: 1808 Swift Drive, Oak Brook, Illinois 60524 Contract Amount: $0.00; The property is not City-owned Development Agreement Term: Not Applicable City Contribution to Development Project: ( ) Grant or Loan ( ) Guarantee (X) None ( ) Other: ( ) Developer Investment: (N/A) Developer Third-Party Financing Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a List of Property: (Address/Block/Lot/Ward) 17-89 Rutherford Street/Block 5050.01/Lot 15/East Ward 91-127 Rutherford Street/Block 5056/Lot 26/East Ward Additional Information: This Redevelopment Agreement was contemplated in a Settlement Agreement approved by the Municipal Council by Resolution 7R6-b adopted on April 7, 2020.