Ordinance O2024-0008414 - Chicago Councilmatic

Acquisition of vacant City-owned property at 4741 S Indiana Ave, in combination with owner's property at 4739 and 4743 S Indiana Ave, for development and construction of two three-story residential buildings with tax incremental financing (TIF) assistance

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Chicago's City Council approved a redevelopment plan for the 47th and King Drive area, under the Illinois Tax Increment Allocation Redevelopment Act. JD Housing LLC proposed to purchase city-owned property at 4741 South Indiana Avenue for $59,200, intending to construct two residential buildings. The Community Development Commission recommended the sale, which was publicly advertised in the Chicago Tribune, and a quitclaim deed will be issued upon sale completion.

	Sponsor	Ward
	Johnson, BrandonPrimary Sponsor

History

Date

Legislative body

Action

Date 2024-04-17

Legislative body Chicago City Council

Action Passed

On motion of Alderperson Mitchell, Vice Chair of the Housing and real Estate Committee, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.

Votes for	Votes against	Other votes
Votes for Yes: 49 Beale, Anthony Burnett, Jr., Walter Cardona, Jr., Felix Chico, Peter Clay, Angela Coleman, Stephanie D. Conway, William Cruz, Ruth Curtis, Derrick G. Dowell, Pat Ervin, Jason C. Fuentes, Jessica L. Gardiner, James M. Gutierrez, Jeylu B. Hadden, Maria E. Hall, William E. Harris, Michelle A. Hopkins, Brian Knudsen, Timothy R. La Spata, Daniel Lawson, Bennett R. Lee, Nicole T. Lopez, Raymond A. Manaa-Hoppenworth, Leni Martin, Matthew J. Mitchell, Gregory I. Mitts, Emma Moore, David H. Mosley, Ronnie L. Napolitano, Anthony V. Nugent, Samantha O'Shea, Matthew J. Quinn, Marty Ramirez-Rosa, Carlos Reilly, Brendan Robinson, Lamont J. Rodriguez Sanchez, Rossana Rodriguez, Michael D. Scott, Monique L. Sigcho-Lopez, Byron Silverstein, Debra L. Sposato, Nicholas Tabares, Silvana Taliaferro, Chris Taylor, Jeanette B. Vasquez, Jr., Andre Villegas, Gilbert Waguespack, Scott Yancy, Desmon C.	Votes against	Other votes Absent: 1 Absent: Ramirez, Julia M.

Date 2024-04-10

Legislative body Committee on Housing and Real Estate

Action Recommended to Pass

Date 2024-03-20

Legislative body Chicago City Council

Action Referred

Date 2024-03-20

Legislative body Chicago City Council

Action Introduced

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Ordinance O2024-0008414 Passed

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