Follow on the heels of the TIF Sunshine Ordinance is the City Asset Lease Disclosure Ordinance, introduced by Alderman Flores on May 13, 2009. The ordinance would publish and track documents pertaining to City asset lease agreements worth more than $10 million, such as the leasing of the Chicago Skyway, the Chicago Downtown Public Parking System and the Chicago Parking Meter System. The ordinance would make all documents available online in a searchable format at a single location and provide a single accounting document to track the appropriations, income earner, investments, and future budget distributions generated through the lease of City assets.
Following the TIF Sunshine Ordinance is the City Asset Lease Disclosure Ordinance, introduced by Alderman Flores on May 13, 2009. This ordinance would publish and track documents related to city asset lease agreements worth over $10 million, such as leasing of the Chicago Skyway, the Chicago Downtown Public Parking System, and the Chicago Parking Meter System. The ordinance would make all documents available online in a searchable format at a single location and provide a single accounting document to track the appropriations, income earned, investments, and future budget distributions generated through the lease of city assets.