Meeting Name: Committee on Finance Agenda status: Final
Meeting date/time: 10/20/2022 1:00 PM Minutes status: Final  
Location: Chicago, Illinois
Virtual Meeting
Published agenda: Agenda Agenda Published summary: Summary Summary Meeting Extra1: Notice Notice  
Meeting video:  
Attachments: Supplemental Agenda
Record #Ver.Agenda #TypeTitleActionResultAction DetailsCaptions
O2022-2995 11OrdinanceRestructure, 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 PlazaRecommended to Pass  Action details Not available
O2022-2996 12OrdinanceMulti-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 project Recommended to Pass  Action details Not available
O2022-2997 13OrdinanceMulti-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 project Recommended to Pass  Action details Not available
O2022-2998 14OrdinanceIssuance of tax-exempt housing revenue bonds for low income rental development project named Sacred at 9230 S Burley Ave Recommended to Pass  Action details Not available
O2022-3012 15OrdinanceRedevelopment 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 StRecommended to Pass  Action details Not available
O2022-2974 16OrdinanceSixty-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 (SBIF) program rules, and continuation of SomerCor, Inc. for administrative services Recommended to Pass  Action details Not available
O2022-3009 17OrdinanceRedevelopment 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 St Recommended to Pass  Action details Not available
O2022-3010 18OrdinanceRedevelopment 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 StRecommended to Pass  Action details Not available
O2022-3011 19OrdinanceRedevelopment agreement with Covenant House Illinois, Inc. for rehabilitation of existing building at 2934 W Lake St as youth development center and transitional shelterRecommended to Pass  Action details Not available
O2022-2929 110OrdinanceAmendment 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, 2034Recommended to Pass  Action details Not available
O2022-2930 111OrdinanceAmendment No. 3 to Western/Ogden Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034Recommended to Pass  Action details Not available
O2022-2941 112OrdinanceAmendment No. 5 to Bronzeville Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034 Recommended to Pass  Action details Not available
O2022-2952 113OrdinanceAmendment 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, 2034Recommended to Pass  Action details Not available
O2022-2958 114OrdinanceAmendment No. 3 to Pilsen Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034Recommended to Pass  Action details Not available
O2022-2963 115OrdinanceAmendment No. 3 to Roosevelt/Cicero Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034Recommended to Pass  Action details Not available
O2022-2984 116OrdinanceTermination 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 district Recommended to Pass  Action details Not available
O2022-2985 117OrdinanceTermination 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 districtRecommended to Pass  Action details Not available
O2022-2986 118OrdinanceTermination 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 districtRecommended to Pass  Action details Not available
O2022-2987 119OrdinanceTermination 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 districtRecommended to Pass  Action details Not available
Or2022-322 1 OrderPayment of various small claimsRecommended to Pass  Action details Not available
CL2022-995 1 ClaimDenying payment of various small claimsRecommended Do Not Pass  Action details Not available
Or2022-320 1 OrderSettlement agreement regarding case of Mark Singer v. City of Chicago, No. 19 C 3954Recommended to Pass  Action details Not available
Or2022-321 1 OrderSettlement agreement regarding case of Alamo v. City of Chicago, No. 12-cv-04327Recommended to Pass  Action details Not available