Committee on Finance

virtual meeting

Mon 12/14/2020
10:00 a.m.
Chicago, Illinois

View on the Chicago City Clerk website


Committee on Finance


  1. Attendance
  2. Amendment to ordinance regarding redevelopment and loan agreements, to reflect increased loan amounts and issuance of multi-family housing revenue bonds for Paseo Boricua Arts LLC construction of affordable apartment units at 2709-2715 W Division St
  3. Judgment and Settlement Report for Month of November 2020
  4. Three Settlement Orders A, B and C
  5. Bond inducement language regarding tax-exempt housing revenue bond issuance for acquisition and development of properties at 1800-1812 W Roosevelt Rd and 1801 W Grenshaw St by The Chicago Lighthouse Residences 4 LLC
  6. Redevelopment and subordination agreements with Greater Auburn-Gresham Development Corp and Greater Auburn-Gresham Support Corp, supported by Tax Increment Financing (TIF), and master lease for office space and build-outs at 839-845 W 79th Street
  7. Intergovernmental agreement with Illinois Housing Development Authority to reallocate portion of City's 2020 unused tax-exempt bond volume cap to facilitate financing of affordable housing or qualifying mortgage loans by IHDA
  8. Preliminary agreement with City of Joliet regarding anticipated water supply agreement for provision of water from Lake Michigan system
  9. Fifty-ninth Amending Agreement with SomerCor 504, Inc. as administrator, authorizing tax increment financing funds (TIF) to TIF/SBIF new project areas of 51st/Archer and Stevenson/Brighton development areas, and various established Small Business Improvement Funds (SBIF)
  10. Amendment of Municipal Code Title 3 by adding new Chapter 3-10 entitled "Essential Municipal Employees' Death Benefit Act"
  11. Payment of various small claims
  12. Various small claims


Corrected Summary