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Record #: O2022-1748   
Type: Ordinance Status: Introduced
Intro date: 5/25/2022 Current Controlling Legislative Body: Committee on Budget and Government Operations
Final action:
Title: Amendment of Municipal Code Chapter 2-96 by adding new Section 2-96-050 regarding installation requirements for police observation devices
Sponsors: O'Shea, Matthew J., Hopkins, Brian , Dowell, Pat, Hairston, Leslie A., Sawyer, Roderick T., Mitchell, Gregory I., Harris, Michelle A., Sadlowski Garza, Susan, Lee, Nicole T. , Cardenas, George A., Quinn, Marty, Burke, Edward M., Lopez, Raymond A., Coleman, Stephanie D. , Moore, David H., Curtis, Derrick G., Brookins, Jr., Howard, Tabares, Silvana, Scott, Jr. Michael, Burnett, Jr., Walter, Ervin, Jason C., Taliaferro, Chris, Reboyras, Ariel, Cardona, Jr., Felix , Waguespack, Scott, Austin, Carrie M., Villegas, Gilbert, Mitts, Emma, Sposato, Nicholas, Nugent, Samantha , Napolitano, Anthony V., Reilly, Brendan, Gardiner, James M. , Cappleman, James, Silverstein, Debra L.
Topic: FINANCE FUNDS - Affordable Housing Opportunity Fund, MUNICIPAL CODE AMENDMENTS - Title 2 - City Government & Administration - Ch. 96 Office of Public Safety Administration
Attachments: 1. O2022-1748.pdf
Committee on Budget & Government Operations City Council Meeting May 25, 2022 Alderman Matthew J. O'Shea, 19th Ward


ORDINANCE

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:

SECTION 1. The City, building on the successes of previous programs that established various incentive programs to provide down-payment and/or closing cost assistance to City of Chicago police officers, hereby establishes a Police Officers Home Buyer Assistance and Police Recruitment Program (the "Program") to offer incentives to officers through a Home Buyer Assistance Incentive, or a Cash Bonus Incentive, as set forth in Exhibit A attached hereto and made a part hereof.

SECTION 2. Subject to the approval of the Corporation Counsel, and subject to the appropriation of funding, the Commissioner of Housing (the "Commissioner") and a designee ofthe Commissioner are each hereby authorized to execute and deliver loan agreements and mortgages to borrowers who qualify under the Program for the Home Buyer Assistance Incentive for the purpose of financing the purchase of property that qualifies under the Program, and to execute all such other agreements and instruments, including subordinations of the City mortgages to later re-financings, and to perform any and all acts as shall be necessary or advisable in connection with the Program.

SECTION 3. Subject to the approval of the Corporation Counsel, and subject to the appropriation of funding, the Comptroller shall execute and deliver agreements to provide Cash Bonus Incentives to Eligible Participants under the Program, and to perform any and all acts as shall be necessary or advisable in connection with the Program.
SECTION 4. The Program neither imposes any additional duties to be performed, nor grants any rights to additional remuneration or benefits, by or to Chicago employees by virtue of their participation as borrowers under the Program.
SECTION 5. The Home Buyer Assistance Incentive is an Eligible Program, and employees of the C...

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