“the ward with no alderman”

Committee on Finance

Thursday, October 20, 2022

Chicago, Illinois22/35 present (13 absent)23 agenda items

Agenda

Other Actions (23)

Or2022-322Payment of various small claimsOrderRecommended to Pass

O2022-2930Amendment No. 3 to Western/Ogden Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034OrdinanceRecommended to Pass

O2022-2941Amendment No. 5 to Bronzeville Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034OrdinanceRecommended to Pass

O2022-2952Amendment 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, 2034OrdinanceRecommended to Pass

O2022-2958Amendment No. 3 to Pilsen Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034OrdinanceRecommended to Pass

O2022-2963Amendment No. 3 to Roosevelt/Cicero Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034OrdinanceRecommended to Pass

O2022-2984Termination 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 districtOrdinanceRecommended to Pass

O2022-2985Termination 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 districtOrdinanceRecommended to Pass

O2022-2986Termination 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 districtOrdinanceRecommended to Pass

O2022-2987Termination 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 districtOrdinanceRecommended to Pass

O2022-2995Restructure, 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 PlazaOrdinanceRecommended to Pass

O2022-2996Multi-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 projectOrdinanceRecommended to Pass

O2022-2997Multi-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 projectOrdinanceRecommended to Pass

O2022-2998Issuance of tax-exempt housing revenue bonds for low income rental development project named Sacred at 9230 S Burley AveOrdinanceRecommended to Pass

O2022-3012Redevelopment 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 StOrdinanceRecommended to Pass

O2022-2974Sixty-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 servicesOrdinanceRecommended to Pass

O2022-3009Redevelopment 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 StOrdinanceRecommended to Pass

O2022-3010Redevelopment 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 StOrdinanceRecommended to Pass

O2022-3011Redevelopment agreement with Covenant House Illinois, Inc. for rehabilitation of existing building at 2934 W Lake St as youth development center and transitional shelterOrdinanceRecommended to Pass

O2022-2929Amendment 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, 2034OrdinanceRecommended to Pass

CL2022-995Various small claimsClaimRecommended Do Not Pass

Or2022-320Settlement agreement regarding case of Mark Singer v. City of Chicago, No. 19 C 3954OrderRecommended to Pass

Or2022-321Settlement agreement regarding case of Alamo v. City of Chicago, No. 12-cv-04327OrderRecommended to Pass

Attendance

Absent (35)

Dowell, Pat(Present)

King, Sophia D.(Present)

Sawyer, Roderick T.(Absent)

Mitchell, Gregory I.(Present)

Harris, Michelle A.(Present)

Beale, Anthony(Absent)

Sadlowski Garza, Susan(Present)

Cardenas, George A.(Absent)

Quinn, Marty(Present)

Burke, Edward M.(Present)

Lopez, Raymond A.(Absent)

Moore, David H.(Absent)

Curtis, Derrick G.(Absent)

O'Shea, Matthew J.(Present)

Brookins, Jr., Howard(Absent)

Tabares, Silvana(Present)

Burnett, Jr., Walter(Present)

Ervin, Jason C.(Present)

Taliaferro, Chris(Present)

Reboyras, Ariel(Present)

Scott, Monique L.(Present)

Waguespack, Scott(Present)

Knudsen, Timothy R.(Absent)

Austin, Carrie M.(Present)

Villegas, Gilbert(Absent)

Mitts, Emma(Absent)

Sposato, Nicholas(Present)

Napolitano, Anthony V.(Absent)

Reilly, Brendan(Absent)

Tunney, Thomas(Present)

Osterman, Harry(Absent)

Silverstein, Debra L.(Present)

Lee, Nicole T.(Present)

Hairston, Leslie A.(Present)

Hopkins, Brian(Present)