Committee on Finance [remote or in person]
Chicago City Council
Monday, April 17, 2023
12:30 p.m. — 2:30 p.m. CDT
121 N LaSalle St Chicago, IL 60602 (Directions)
City Hall, 2nd floor, Council Chambers
You have the option of documenting this meeting in person or remotely.
If you choose to attend in person, an additional hour will be added to your total assignment hours. You may be asked to provide government-issued photo ID and to go through a metal detector.
If you choose to document remotely, the meeting will be live-streamed at https://www.chicityclerk.com/.
At this link, scroll down to “Meeting Notices.” Look for “Watch now” and click on the link with the meeting title to go to a livestream page.
If you don’t see a link for the meeting, you may be early or the meeting may be starting late. Wait a few moments and try refreshing your Internet tab.
The end time listed on this assignment is an estimation based on the duration of past meetings of this type.
Check the source website for additional information
Reporting
Edited and summarized by the Chicago - IL Documenters Team
TIF allocations, utility bills, freedom of speech case
12:31 PM Apr 17, 2023 CDT
We got the 548 Development project at 3831 W Chicago, which will create 60 units of affordable housing, and a grocery store in West Humbolt Park.
Here is a link to when that project first got zoning approval blockclubchicago.org/2022/11/01/aff…
He said that bills have been fixed now, but the city still claims that he owes 19k, and has sent him to collections.
She is speaking in support of the utilities ordinance.
His mother's water bill is now in excess of $55k
Once completed there will be an 85 unit affordable housing site and library, and the bank will be converted into a worktraining site.
The developers are looking for $13m in TIF
He commends Ald. Maldonado. He says that the 605 doens't bother him, so that way when he asks for 60% he will get it.
Jennie Bennet Director of Finance in Chicago is up. She is speaking on the execution of a water supply agreement with the City of Joliet.
Several other Chicago suburban cities had left the network, and Joliet signing onto Chicago is a big deal
Ald. La Spata asks if we are selling access to our infrastructure or a portion of our great lakes allotment.
Bennet confirms it is the former.
This encourages cities to use water more efficiently.
Bennet clarifies that Chicago Residents will pay less if anything
Bennet takes a point of privilege and thanks the committee for their work over the last 4 years.
We move onto the West Humbold Park development.
Ald. Mitts whose ward it is testifies in favor of it. She makes fun of Ald. Burnett ("even though its not in his ward, its just across the street"
We now move to Item 2 The Utility Billing Relief Program (Otherwise known as water for all) this is a subject matter hearing.
The resolution that stands is a compromise based on feedback that La Spata says he thinks we can do.
The project extend the date of maturity for several loans.
The member from the DoF says its about a $48m developer
Ald Tunney asks about the land appraisal which was apparently around $2.9m
This has been one of his biggest projects in his current tenure.
He says that it seems like a lot of funding, (total of $10,2m) for the square footage.
Johnson from DPD doesn't seem to be sure if the developer has acquired the building (they have)
Tunney says that this is almost 600$/Sqft
The ED says that the budget is $2m a year, they serve 250 students year around, and more in the summer. Their funding is a 65-35 donated/earned split
This will be to redevelop the Lillian Marcie theater. The site will require the organization continue to operate and run shows for the next 10 years
They are looking for 12.250 m
The site will provide educational and community benefits, and will focus on job training.
Johnson from DPD is up.
Both O'Reilly from the parks district is up. They are looking for $2m in TIF
Several times they were told by park security that this violated their rules.
$20k - damages
This is the current settlement that is being proposed.
The Department of Law rep says that this has been done in house so no cost there.
Attachments
Agency Information
Chicago City Council
The Chicago City Council is the legislative branch of the government of the City of Chicago and consists of the Mayor and Aldermen elected from each of the City’s fifty wards. Source
If you attend a meeting in person, be prepared to go through a security checkpoint and show photo ID.
Meetings are also livestreamed at https://www.chicityclerk.com/.
At this link, scroll down to “Meeting Notices.” Look for “Watch now” and click on the link with the meeting title to go to a livestream page. If you don’t see a link for the meeting, you may be early or the meeting may be starting late. Wait a few moments and try refreshing your Internet tab.
Recordings of past City Council meetings may be found here: https://vimeo.com/user100351763/videos/sort:date.
See also: “What to Expect at a Meeting of Chicago’s City Council” via the Better Government Association.
Documents
More from this agency
Committee on Education and Child Development
Chicago City Council
Friday, Oct. 18, 2024
10:00 a.m. CDT
Committee on Pedestrian and Traffic Safety
Chicago City Council
Monday, Oct. 21, 2024
10:00 a.m. CDT
Committee on License and Consumer Protection
Chicago City Council
Monday, Oct. 21, 2024
1:30 p.m. CDT
Committee on Budget and Government Operations
Chicago City Council
Tuesday, Oct. 22, 2024
10:00 a.m. CDT