Committee on Finance

Agenda

1. CL2022-995 Various small claims
   Claim
   Action: Recommended Do Not Pass

   The Claim was Recommended to Pass.

2. Or2022-320 Settlement agreement regarding case of Mark Singer v. City of Chicago, No. 19 C 3954
   Order
   Action: Recommended to Pass

   The Order was Recommended to Pass.

3. Or2022-321 Settlement agreement regarding case of Alamo v. City of Chicago, No. 12-cv-04327
   Order
   Action: Recommended to Pass

   The Order was Recommended to Pass.

4. Or2022-322 Payment of various small claims
   Order
   Action: Recommended to Pass

   The Order was Recommended to Pass.

5. Approval of Rule 4 Report
6. 1 Restructure, 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 Plaza
   Ordinance
   Action: Recommended to Pass

   The Ordinance was Recommended to Pass.

7. 2 Multi-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
   Ordinance
   Action: Recommended to Pass

   The Ordinance was Recommended to Pass.

8. 3 Multi-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
   Ordinance
   Action: Recommended to Pass

   The Ordinance was Recommended to Pass.

9. 4 Issuance of tax-exempt housing revenue bonds for low income rental development project named Sacred at 9230 S Burley Ave
   Ordinance
   Action: Recommended to Pass

   The Ordinance was Recommended to Pass.

10. 5 Redevelopment 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 St
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

11. 6 Sixty-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 program rules, and continuation of SomerCor, Inc. for administrative services
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

12. 7 Redevelopment 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
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

13. 8 Redevelopment 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 St
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

14. 9 Redevelopment agreement with Covenant House Illinois, Inc. for rehabilitation of existing building at 2934 W Lake St as youth development center and transitional shelter
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

15. 10 Amendment 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, 2034
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

16. 11 Amendment No. 3 to Western/Ogden Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

17. 12 Amendment No. 5 to Bronzeville Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

18. 13 Amendment 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, 2034
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

19. 14 Amendment No. 3 to Pilsen Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

20. 15 Amendment No. 3 to Roosevelt/Cicero Tax Increment Financing Redevelopment Project and Plan extending payment of project ad valorem taxes twelve years to December 31, 2034
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

21. 16 Termination 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
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

22. 17 Termination 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 district
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

23. 18 Termination 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 district
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.

24. 19 Termination 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 district
    Ordinance
    Action: Recommended to Pass

    The Ordinance was Recommended to Pass.