Committee on Housing and Real Estate
TL;DR
The Chicago Housing and Real Estate Committee approved several property-related ordinances, including a lease for office space and sales of vacant city-owned properties. These decisions involve transferring land to educational and community organizations, with a focus on supporting local development.
Key Decisions
- Lease agreement for office space at 1340 S Damen Ave Recommended to Pass
- Sale of vacant property to Chicago Jesuit Academy Recommended to Pass
- Sale of vacant property for North Austin Community Center Recommended to Pass
- Redevelopment agreement amendments with KMW Communities LLC Recommended to Pass
Agenda
- Attendance
- Approval of Rule 45 monthly report for November
- Quarterly Report: Q3-2021
- 1 Lease agreement with Hastings Center Office LLC for use of office space at 1340 S Damen AveOrdinanceAction: Recommended to Pass
The Ordinance was Recommended to Pass.
- 2 Sale of vacant City-owned property at 5093 W Jackson Blvd to Chicago Jesuit AcademyOrdinanceAction: Recommended to Pass
The Ordinance was Recommended to Pass.
- 3 Sale of City-owned vacant property at 5113 Vacant Street to Expert Management Inc. subject to "No Further Remediation" Letter and subsequent transfer to North Austin Community CenterOrdinanceAction: Recommended to Pass
The Ordinance was Recommended to Pass.
- 4 Amendments and project revisions to redevelopment agreement with KMW Communities LLC regarding environmental remediation, establishment of escrow account, and affordable residential requirementsOrdinanceAction: Recommended to Pass
The Ordinance was Recommended to Pass.