Ordinance SO2025-0014971 Passed

Sale of City-owned properties at 3312, 3318, 3320, 3328, 3334, 3336, 3338, 3342 and 3344 W Lake St to Firebird Community Arts under ChiBlockBuilder platform for construction of community arts center with owner's additional project entity, Firebird Community Arts Support Corporation, to receive New Market Tax Credit proceeds

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Firebird Community Arts, selected to develop the property at 3312-44 West Lake Street, applied for a grant from the Chicago Recovery Plan Community Development Grant Program and is expected to receive New Market Tax Credit financing. The buyer created a new entity, Firebird Community Arts Support Corporation, to receive the tax credit proceeds. As a condition of grant funding, the Project Entity will be required to enter into a redevelopment agreement with the Department.

Alternate identifiers: O2025-0014971

Sponsors

History

Locations mentioned

• 3344 W Lake St Chicago

Legislation text

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Additional Documents

• O2025-0014971 EDS.pdf
• O2025-0014971 Exhibit A - Legal Descriptions, Buyer, Purchase Prices and Project.pdf
• O2025-0014971 Exhibit B - Competing Proposals.pdf
• O2025-0014971 Exhibit C - Deed.pdf
• O2025-0014971 Exhibit D - Renderings and Site Plan.pdf
• O2025-0014971 Mayoral Letter.pdf
• SO2025-0014971 (Sub)Exhibit A Legal (See Ordinance Exhibit A).pdf
• SO2025-0014971 Exhibit A.pdf
• SO2025-0014971 Exhibit B.pdf
• SO2025-0014971 Exhibit C (Renderings and Site Plan).pdf
• SO2025-0014971 Exhibit D Quitclaim Deed.pdf
• SO2025-0014971 Substitute Digital Tracking Cover.pdf
• SO2025-0014971 Substitute Ordinance with Exhibits.pdf.pdf

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