Meeting Name: Committee on Finance Agenda status: Final
Meeting date/time: 10/13/2021 10:00 AM Minutes status: Final  
Location: Chicago, Illinois
Virtual Meeting
Published agenda: Agenda Agenda Published summary: Summary Summary Meeting Extra1: Notice Notice  
Meeting video:  
Attachments: Addendum Agenda, Additional Summary item for report out on November 17
Record #Ver.Agenda #TypeTitleActionResultAction DetailsCaptions
O2021-4191 11OrdinanceIssuance of multi-family housing revenue tax-exempt bonds to Covent Apartments LLC, Covent NHPF Manager LLC for acquisition and rehabilitation of rental apartment complex at 2653 N Clark St providing for financing and reimbursement of eligible costs from bond revenuesRecommended to Pass  Action details Not available
O2021-4192 12OrdinanceIssuance of multi-family housing revenue tax-exempt bonds, with supporting funding loan, borrower, and regulatory agreements to Park Boulevard 3B LLC for construction of residential mixed-income buildings on Chicago Housing Authority (CHA) property, at 43 W 36th St, 3603 and 3607 S Federal St, 37th St and Federal St, with lease to be issued to Interfaith Housing Development Corp or affiliateRecommended to Pass  Action details Not available
O2021-4193 13OrdinanceRedevelopment agreement and long term ground lease with CHA by Oakwood Shores 3-1 Owner LLC, Oakwood Shores 3-1 MM LLC to construct affordable housing at 616-630 E Pershing Road with tax increment financing (TIF) assistanceHeld in Committee  Action details Not available
O2021-4071 14OrdinanceSixtieth Amending Agreement with SomerCor 504, Inc. to continue as service provider administrator, and authorizing increased grant funds to Devon/Western, Touhy/Western and Western Avenue/Rock Island through tax increment financing funds (TIF), including Small Business Improvement Funds (SBIF) or other available fundsRecommended to Pass  Action details Not available
O2021-4194 15OrdinanceSecond amendment to Near North Tax Incremental Financing (TIF) Redevelopment Project and Plan regarding estimated dates of completion and retirement of debtRecommended to Pass  Action details Not available
O2021-4180 16OrdinanceIntergovernmental agreement with Chicago Board of Education to provide tax incremental funding (TIF) for replacement of existing fire alarm system at Henri R. Clissold Elementary School, 2350 W 110th PlaceRecommended to Pass  Action details Not available
O2021-4181 17OrdinanceIntergovernmental agreement with Chicago Board of Education to provide tax incremental funding for roof replacement, masonry repairs and chimney stack reduction at Charles N. Holden Elementary School, 1104 W 31st StRecommended to Pass  Action details Not available
O2021-4182 18OrdinanceIntergovernmental agreement with Chicago Board of Education to provide tax incremental financing funds (TIF) for roof replacement and targeted masonry repairs at Skinner North Classical Elementary School, 640 W Scott StRecommended to Pass  Action details Not available
O2021-4184 19OrdinanceIntergovernmental agreement with Chicago Board of Education to provide tax incremental financing funds (TIF) for structural reduction of chimney stack at Mark T. Skinner West Branch Campus, 225 S Aberdeen St Recommended to Pass  Action details Not available
O2021-4186 110OrdinanceIntergovernmental agreement with Chicago Board of Education to provide tax incremental financing funds (TIF) for replacement of existing fire alarm system at Charles Sumner Elementary Math and Science Community Academy, 4320 W 5th Ave Recommended to Pass  Action details Not available
O2021-3923 111OrdinanceSixty-first amending agreement with SomerCor 504, Inc. to amend Small Business Improvement Fund program rules to allow for temporary eligibility of taverns, bars, hotels and motels in response to economic hardships experienced due to COVID-19 pandemic Recommended to Pass  Action details Not available
O2021-4592 112OrdinanceQuick-take acquisition of property for construction of affordable residential building, parking spaces and rehabilitation of Laramie State Bank at 5200, 5206, 5208, 5212, 5216, 5218, 5220 and 5224 W Chicago AveRecommended to Pass  Action details Not available