Meetings

Committee on Finance

Committee on Finance
Thu 10/20/2022
1:00 p.m.
Chicago, Illinois


Agenda: 23 items

# Action Description ID Sponsor(s)
# 1 Action Description Termination of Archer Courts Tax Increment Financing Redevelopment Project and Plan as of December 31, 2022 with provision for calculation and redistribution of surplus revenue to local taxing district ID O2022-2984 Sponsor(s) Lightfoot, Lori E.
# 2 Action Description Termination of Montclare Tax Increment Financing Redevelopment Project and Plan as of December 31, 2022 with provision for calculation and redistribution of surplus revenue to local taxing district ID O2022-2985 Sponsor(s) Lightfoot, Lori E.
# 3 Action Description Termination of Peterson/Cicero Tax Increment Financing Redevelopment Project and Plan as of December 31, 2022 with provision for calculation and redistribution of surplus revenue to local taxing district ID O2022-2986 Sponsor(s) Lightfoot, Lori E.
# 4 Action Description Termination of Roosevelt/Union Tax Increment Financing Redevelopment Project and Plan as of December 31, 2022 with provision for calculation and redistribution of surplus revenue to local taxing district ID O2022-2987 Sponsor(s) Lightfoot, Lori E.
# 5 Action Description Payment of various small claims ID Or2022-322 Sponsor(s) Waguespack, Scott
# 6 Action Description Various small claims ID CL2022-995 Sponsor(s) Waguespack, Scott
# 7 Action Description Redevelopment agreement with Covenant House Illinois, Inc. for rehabilitation of existing building at 2934 W Lake St as youth development center and transitional shelter ID O2022-3011 Sponsor(s) Lightfoot, Lori E.
# 8 Action Description Redevelopment agreement with Thrive Englewood LLC, DL3 Thrive Englewood 1 LLC for site acquisition and construction of mixed income dwelling units at 914 W 63rd St and 6231 S Sangamon St ID O2022-3012 Sponsor(s) Lightfoot, Lori E.
# 9 Action Description Amendment No. 3 to Western/Ogden Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034 ID O2022-2930 Sponsor(s) Lightfoot, Lori E.
# 10 Action Description Sixty-second amending agreement with SomerCor, Inc. for extension of program to new 105th Street and Vincennes Avenue Tax Increment Financing Redevelopment Project Area, increase funding, incorporation of Small Business Improvement Fund program rules, and continuation of SomerCor, Inc. for administrative services ID O2022-2974 Sponsor(s) Lightfoot, Lori E.
# 11 Action Description Amendment No. 3 to Northwest Industrial Corridor Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034 ID O2022-2929 Sponsor(s) Lightfoot, Lori E.
# 12 Action Description Amendment No. 5 to Bronzeville Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034 ID O2022-2941 Sponsor(s) Lightfoot, Lori E.
# 13 Action Description Multi-Family City program loan to 1201 N California 4PCT GP LLC (4% Borrower) as joint developer with 1201 N California 9Pct HHDC, LP (9% Owner) of 1203 California Condominium mixed use project ID O2022-2996 Sponsor(s) Lightfoot, Lori E.
# 14 Action Description Multi-Family City program loan to 1201 N California 9Pct HHDC, LP, (9% Borrower) as joint developer with 1201 N California 4Pct GP LLC (4% Owner) of 1203 California Condominium mixed use project ID O2022-2997 Sponsor(s) Lightfoot, Lori E.
# 15 Action Description Issuance of tax-exempt housing revenue bonds for low income rental development project named Sacred at 9230 S Burley Ave ID O2022-2998 Sponsor(s) Lightfoot, Lori E.
# 16 Action Description Restructure, assumption and transfer of City and federal loans and documents from original borrower, South Park Plaza, LP, South Park Plaza, Inc., to new owners, South Park Plaza GP LLC, South Park Preservation, LP, Full Circle Communities, Inc., and BAHC Development LLC for properties at 2601 S Prairie Ave, 2600 S Dr. Martin Luther King, Jr. Dr, 2610-2618 S Calumet Ave, 2619-2635 S Calumet Ave, 2625-2641 S Prairie Ave and 2622-2630 S Dr. Martin Luther King, Jr. Dr, known as South Park Plaza ID O2022-2995 Sponsor(s) Lightfoot, Lori E.
# 17 Action Description Amendment No. 2 to 43rd Street/Cottage Grove Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034 ID O2022-2952 Sponsor(s) Lightfoot, Lori E.
# 18 Action Description Amendment No. 3 to Pilsen Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034 ID O2022-2958 Sponsor(s) Lightfoot, Lori E.
# 19 Action Description Amendment No. 3 to Roosevelt/Cicero Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034 ID O2022-2963 Sponsor(s) Lightfoot, Lori E.
# 20 Action Description Redevelopment agreement with and award for Neighborhood Opportunity Funds to Policy Kings LLC for mixed use renovation of three buildings at 363 E 51st St, 353 E 51st St, 357 E 51st St ID O2022-3009 Sponsor(s) Lightfoot, Lori E.
# 21 Action Description Redevelopment agreement with Armour Institute LLC, titleholder/owner of historic building, and ground lease with Illinois Institute of Technology, to build residential market rate and affordable units with Tax Increment Financing (TIF) assistance including renovation costs of historical landmark at 3300 S Federal St ID O2022-3010 Sponsor(s) Lightfoot, Lori E.
# 22 Action Description Settlement agreement regarding case of Mark Singer v. City of Chicago, No. 19 C 3954 ID Or2022-320 Sponsor(s) Waguespack, Scott
# 23 Action Description Settlement agreement regarding case of Alamo v. City of Chicago, No. 12-cv-04327 ID Or2022-321 Sponsor(s) Waguespack, Scott

Alder Attendance: 21 Present, 13 Absent

Name Ward Present Absent
Beale, Anthony
Beale, Anthony Ward 9
Brookins, Jr., Howard
Brookins, Jr., Howard Ward 21
Burke, Edward M.
Burke, Edward M. Ward 14
Burnett, Jr., Walter
Burnett, Jr., Walter Ward 27
Cardenas, George A.
Cardenas, George A. Ward 12
Curtis, Derrick G.
Curtis, Derrick G. Ward 18
Dowell, Pat
Dowell, Pat Ward 3
Ervin, Jason C.
Ervin, Jason C. Ward 28
Hairston, Leslie A.
Hairston, Leslie A. Ward 5
Harris, Michelle A.
Harris, Michelle A. Ward 8
Hopkins, Brian
Hopkins, Brian Ward 2
King, Sophia D.
King, Sophia D. Ward 4
Knudsen, Timothy R.
Knudsen, Timothy R. Ward 43
Lee, Nicole T.
Lee, Nicole T. Ward 11
Lopez, Raymond A.
Lopez, Raymond A. Ward 15
Mitchell, Gregory I.
Mitchell, Gregory I. Ward 7
Mitts, Emma
Mitts, Emma Ward 37
Moore, David H.
Moore, David H. Ward 17
Napolitano, Anthony V.
Napolitano, Anthony V. Ward 41
O'Shea, Matthew J.
O'Shea, Matthew J. Ward 19
Osterman, Harry
Osterman, Harry Ward 48
Quinn, Marty
Quinn, Marty Ward 13
Reboyras, Ariel
Reboyras, Ariel Ward 30
Reilly, Brendan
Reilly, Brendan Ward 42
Sadlowski Garza, Susan
Sadlowski Garza, Susan Ward 10
Sawyer, Roderick T.
Sawyer, Roderick T. Ward 6
Scott, Monique L.
Scott, Monique L. Ward 24
Silverstein, Debra L.
Silverstein, Debra L. Ward 50
Sposato, Nicholas
Sposato, Nicholas Ward 38
Tabares, Silvana
Tabares, Silvana Ward 23
Taliaferro, Chris
Taliaferro, Chris Ward 29
Tunney, Thomas
Tunney, Thomas Ward 44
Villegas, Gilbert
Villegas, Gilbert Ward 36
Waguespack, Scott
Waguespack, Scott Ward 32

Attachments

Agenda
Summary
Notice
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