City Council, Committee on Finance, settlements against city
Good Morning! I’ll be live-tweeting the Chicago City Council’s Committee on Finance meeting for @CHIdocumenters #CHIdocumenters. The meeting is scheduled to begin at 1:00 p.m.
12:51 PM Oct 20, 2022 CDT
Chairperson Waguespack begins the meeting with a quorum, no public speakers, and 25 agenda items.
Agenda item #1 is the restructuring transaction of the South Park Plaza. The addresses are listed below. The agenda item is the rehab of the listed properties. https://t.co/QLBwv32ZGP
Agenda item #2 is the ordinance regarding the authority to issue multi-family revenue bonds to 1201 North California 4PCT GP LLC in the 26th Ward. The total development cost is $42 million.
I made a mistake in the previous tweet. That was Agenda items #3 & #4. Both were passed. https://t.co/zISh151cAY
The chairperson skips to Agenda item #8. Redevelopment using TIF dollars near the 51st Green Line Station totaling $2.5 million. https://t.co/HnX77QQ3m6
Agenda item #8 passes. Chairperson skips back to item # 5: A proposed ordinance regarding the authority to issue tax-exempt housing revenue bonds for the Sacred affordable housing development at 9230 S. Burke Ave totaling $5 million. https://t.co/4JYgaSshim
Agenda item #5 passes. Chairperson Waguespack moves on to agenda item #6: a redevelopment agreement for the acquisition and construction of mixed-income dwelling units in the 16th Ward. https://t.co/iIZTZC9DXz
Agenda item #6 passes. Onto agenda item #7: funding, incorporation of Small Business improvement fund (SBIF). Totaling almost $44 million. Agenda item #7 passes. https://t.co/OZSrC7sdFK
Tim Jeffries gives a presentation for agenda items #9 thru #20 which includes the renovation of the Armour Institute building. https://t.co/JC76f74Dsp
Tim Jeffries says that the Department of Development supports the renovation of the Armour Building. Motion carries. https://t.co/usKlaYSJkD
Tim Jeffries gives a presentation for the DPD’s supported redevelopment of the Covenant House in the 27th Ward. The project totals $2.7 million. Details below: https://t.co/0sXgvccbYV
Tim Jeffries gives support to agenda item #11 an ordinance regarding the authority to execute Amendment no.3 to the NW Industrial Corridor TIF redevelopment project.
Chairperson Waguespack moves on to agenda items 21, 22, and 23 from the Department of Law. These items will be added to the omnibus and are various small claims against the City of Chicago.
One of the lawsuits is regarding a hostile work environment claim from Mr. Alamo who worked for the Chicago Fire Department. The lawsuit is being settled for $225 thousand on November 18th.
With no further business, Chairperson Waguespack adjourns the meeting.
The Chicago City Council’s Committee on Finance meeting end at 2:45 p.m. This ends my coverage for @CHIdocumenters find more information through Kate Linderman’s notes at http://documenters.org