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This record contains private information, which has been redacted from public viewing.
Record #: O2022-2021   
Type: Ordinance Status: Passed
Intro date: 6/22/2022 Current Controlling Legislative Body: Committee on Finance
Final action: 7/20/2022
Title: Issuance of Multi-Family Housing Bond and additional financing assistance for BJ Wright Preservation LP for acquisition, rehabilitation and equipping multi-family residential rental development project (Barbara Jean Wright Court Apartments) at 1354 S Morgan St
Sponsors: Lightfoot, Lori E.
Attachments: 1. O2022-2021.pdf, 2. O2022-2021 (V1).pdf
CHICAGO July 20, 2022

To the President and Members of the City Council:

Your Committee on Finance having had under consideration A communication recommending a proposed ordinance concerning the authority to issue Multi-Family Housing Bonds and additional financing assistance for Barbara Jean Wright Preservation LP, for the acquisition, development and equipping of multi-family low-income housing (Barbara Jean Wright Court Apartments), located at 1354 South Morgan Street, in the 11"1 and 25th Wards.

02022-2021



















Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed


This recommendation was concurred in by viva voce vote of members of the
committee with|99|dissenting vote(s).
Chairman


Respectfully submitted,



OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR
June 22.2022










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At lhe request ofthe Commissioner of Housing, I transmit herewith an ordinance authorizing the issuance of various financial assistance for the acquisition and rehabilitation of the Barbara Jean Wright Apartments.

Your favorable consideration of this ordinance will be appreciated.


Very truly you:

ORDINANCE

WHEREAS, by virtue of Section 6(a) of Article VII of the 1970 Constitution (the "Constitution") ofthe State of Illinois (the "State"), the City of Chicago (the "City") is a home rule unit of government and as such may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, as a home rule unit and pursuant to the Constitution, the City is authorized and empowered to issue multi-family housing revenue obligations for the purpose of financing the cost of the acquisition, construction, rehabilitation, development, and equipping of affordable multi-family housing facilities for low- and moderate-income families located in the City ("Multi-Family Housing Bond Financing")...

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