Meetings

Committee on Finance

Committee on Finance
Wed 10/13/2021
10:00 a.m.
Chicago, Illinois


Agenda: 12 items

# Action Description ID Sponsor(s)
# 1 Action Description Quick-take acquisition of property for construction of affordable residential building, parking spaces and rehabilitation of Laramie State Bank at 5200, 5206, 5208, 5212, 5216, 5218, 5220 and 5224 W Chicago Ave ID O2021-4592 Sponsor(s)
# 2 Action Description Issuance of multi-family housing revenue tax-exempt bonds to Covent Apartments LLC, Covent NHPF Manager LLC for acquisition and rehabilitation of rental apartment complex at 2653 N Clark St providing for financing and reimbursement of eligible costs from bond revenues ID O2021-4191 Sponsor(s) Lightfoot, Lori E.
# 3 Action Description Issuance of multi-family housing revenue tax-exempt bonds, with supporting funding loan, borrower, and regulatory agreements to Park Boulevard 3B LLC for construction of residential mixed-income buildings on Chicago Housing Authority (CHA) property, at 43 W 36th St, 3603 and 3607 S Federal St, 37th St and Federal St, with lease to be issued to Interfaith Housing Development Corp or affiliate ID O2021-4192 Sponsor(s) Lightfoot, Lori E.
# 4 Action Description Redevelopment agreement and long term ground lease with CHA by Oakwood Shores 3-1 Owner LLC, Oakwood Shores 3-1 MM LLC to construct affordable housing at 616-630 E Pershing Road with tax increment financing (TIF) assistance ID O2021-4193 Sponsor(s) Lightfoot, Lori E.
# 5 Action Description Sixtieth amending agreement with SomerCor 504, Inc. to continue as service provider administrator and authorize increase in grant funds to Devon/Western, Touhy/Western and Western Avenue/Rock Island through tax increment financing (TIF) funds, including Small Business Improvement Funds (SBIF) or other available funds ID O2021-4071 Sponsor(s) Lightfoot, Lori E.
# 6 Action Description Second amendment to Near North Tax Incremental Financing (TIF) Redevelopment Project and Plan regarding estimated dates of completion and retirement of debt ID O2021-4194 Sponsor(s) Lightfoot, Lori E.
# 7 Action Description Intergovernmental agreement with Chicago Board of Education to provide tax incremental funding (TIF) for replacement of existing fire alarm system at Henri R. Clissold Elementary School, 2350 W 110th Place ID O2021-4180 Sponsor(s) Lightfoot, Lori E.
# 8 Action Description Intergovernmental agreement with Chicago Board of Education to provide tax incremental funding for roof replacement, masonry repairs and chimney stack reduction at Charles N. Holden Elementary School, 1104 W 31st St ID O2021-4181 Sponsor(s) Lightfoot, Lori E.
# 9 Action Description Intergovernmental agreement with Chicago Board of Education to provide tax incremental financing funds (TIF) for roof replacement and targeted masonry repairs at Skinner North Classical Elementary School, 640 W Scott St ID O2021-4182 Sponsor(s) Lightfoot, Lori E.
# 10 Action Description Intergovernmental agreement with Chicago Board of Education to provide tax incremental financing funds (TIF) for structural reduction of chimney stack at Mark T. Skinner West Branch Campus, 225 S Aberdeen St ID O2021-4184 Sponsor(s) Lightfoot, Lori E.
# 11 Action Description Intergovernmental agreement with Chicago Board of Education to provide tax incremental financing funds (TIF) for replacement of existing fire alarm system at Charles Sumner Elementary Math and Science Community Academy, 4320 W 5th Ave ID O2021-4186 Sponsor(s) Lightfoot, Lori E.
# 12 Action Description Sixty-first amending agreement with SomerCor 504, Inc. to amend Small Business Improvement Fund program rules to allow for temporary eligibility of taverns, bars, hotels and motels in response to economic hardships experienced due to COVID-19 pandemic ID O2021-3923 Sponsor(s) Vasquez, Jr., Andre, Martin, Matthew J., La Spata, Daniel, Hopkins, Brian, Sawyer, Roderick T., Sadlowski Garza, Susan, Cardenas, George A., Brookins, Jr., Howard, Rodriguez, Michael D., Cardona, Jr., Felix, Rodriguez Sanchez, Rossana, Hadden, Maria E.

Alder Attendance: 31 Present, 3 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
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, Jr. Michael
Scott, Jr. Michael Ward 24
Silverstein, Debra L.
Silverstein, Debra L. Ward 50
Smith, Michele
Smith, Michele Ward 43
Sposato, Nicholas
Sposato, Nicholas Ward 38
Tabares, Silvana
Tabares, Silvana Ward 23
Taliaferro, Chris
Taliaferro, Chris Ward 29
Thompson, Patrick D.
Thompson, Patrick D. Ward 11
Tunney, Thomas
Tunney, Thomas Ward 44
Villegas, Gilbert
Villegas, Gilbert Ward 36
Waguespack, Scott
Waguespack, Scott Ward 32

Attachments

Agenda
Summary
Notice
Other