Good morning everyone.
Uh, the meeting of the Committee on Economic Capital
Technology Development is called to order.
We do not have a roll call to establish forum.
Please note that your present response will be being guest
vote of the phone call used as a reference.
Vote for Larry. Mr, please call the vote president,
vice Chair Moley, vice Year Moley.
Alderman Present. Alderman Hall.
Alderman Hall. Alderman Mitchell.
Alderman Mitchell Alderman Chico Present,
alderman other woman, lead present, other woman, Gutierrez.
She's, uh, alderman Lopez.
Alderman Lopez. Alder Woman. Tab Alderwoman.
Tab Wo Cruz. Here.
Alderman Cardona Al.
Oh, present, sorry. Alderman wa Present.
Alderwoman mi Present.
Alderman Napolitano.
Alderman Ano Alderman Riley. Present.
Alderwoman Manana. Howorth. Present Alderman. We have form.
Ladies and gentlemen, we have a quorum.
Alderman's Mi MITs and Derek Curtis.
Every request to participate today's meeting remotely
under Rule 59.
Can I get a motion to allow to participate remotely?
So alman card motions to allow Alban admits
and Curtis to participate remotely,
although in favor, say aye.
Aye. Any opposed? Say nay. And the chair.
The aye Have both, all the persons are permitted
to participate remotely today.
Um, they will be, they will be remark.
They will be marked as present the form fall.
For today's meeting, we have
received a few written public comments.
These written comments have been shared
with the ECDD committee members via one product link.
At this time, we'll begin the public comment period.
Public comment is limited to 30 minutes
outta respect for everybody's time.
Each speaker is gonna be limited to two minutes, uh,
because of the over, um, the abundance of, uh,
public, uh, remarks.
Our first speaker will be, uh, Cecilia Butler.
Yes. My name is Cecilia Butler
and I represent the Washington Park community.
And I am in total opposition to the so-called
Sunshine Ministries,
receiving a square block within our park.
Now that's across the street from the park
within the community.
That is, I represent the Washington Park Advisory Council.
And Washington Park is a home Olstead park
and a national landmark.
So they wanna put a community center
cat corner from the park two blocks down.
There's the children, Chicago Youth Centers
at 54th and Prairie.
There's also a Walgreens at 64th.
Uh, a previous Walgreens now used
as a community center at 64th and King.
We have a preacher
who worked very hard building a community center on
66th and King Drive.
We have a two block tennis venue,
the largest in Chicago, probably the state.
We also have,
uh, a national, um, Harris Park,
sorry, 62nd.
And Dremel. We have University of Chicago Woodlawn Campus.
They have a square block, 63rd and university.
We have a YWC, A 63rd and Stony Island.
We have Jackson Park, a national landmark,
and a stead park.
We have two possibilities of training centers.
55th and King Drive.
The University of Chicago wants
to put a nursing establishment,
and we just received notice that CBS
and the University of Chicago
will be in the Baptist Institute at 51st drop.
Thank you.
Thank you Ms. Ger. Our next
Speaker is Ted Stens.
Alright, good morning.
I'm here, uh, to support the Quantum Project.
I'm Ted Stones, I'm president
and CEO of the CAE Area Industrial Commission.
Also a resident of the 10th Ward.
Um, I am so excited about this project coming on,
but I do have a concern
because some people are talking about slowing it down.
One of the long time problems that the city has an image
of is not moving fast enough.
And if we can't accommodate developers in,
in getting things off the ground, uh, everyone
around the country and indeed
around the world takes notice of that.
So I urge expediency in getting this settled
through this committee, getting all the permits moving
as quickly as possible
because this is a world class
opportunity for those in South Chicago and beyond.
So expediency, I think, is, uh,
the key here to attract other development in the area.
This is probably the most exciting thing for a lifelong,
uh, southsider.
Uh, and the possibilities of what this can bring,
um, the impetus of it is just unimaginable.
Thank you. Thank you, Mr.
Next speaker is Oscar Sanchez.
My name is Jose Sanchez.
I'm the co executive director of the Southeastern
Task Force, and I really appreciate what we're looking
to do in Chicago and how we model what it means
to be working with communities to develop them.
I think many of us know that communities are bleeding,
they're hurting, but I think it's really important for us
to emphasize, you talk about accommodations, right?
How many times have community members been
part of these processes?
And let's be very clear,
we talk about development moving too slow.
We can look at Lincoln Park.
It was spent through, we spent $1.6 billion in subsidies.
And where is it now?
So we talk about speeding things up,
even if we speed them up.
Where's the success? Where are the plans?
Where's the workforce development agreements?
Where is local infrastructure agreements?
We have people deciding between some pumps
and electricity during heat wakes and flooding.
Tell me how that's right.
So for us, we want this development,
but it has to be tied when it comes to these taxes
to actual grievances that's gonna benefit the community,
because if you're using public funds, it should be
benefiting who the college, right?
And that's all I have to say today. Thank you. Thank
You.
Next speaker is, uh, Twan, uh, Wanson. Excuse.
Next speaker is
Amalia Gomez.
Gomez, go, I'm sorry.
Good morning Committee members. Uh, my name is Amalia ez.
I'm the executive director for the Alliance of the Southeast
and also, uh, uh, COT staff, the Coalition
for Staff Works, CBA.
And, uh, I am here for the, um, the tax ordinance, um,
for the, the SOUTHMORE Quantum Campus.
Um, and we want to encourage, uh, this committee, uh,
to slow the process down.
Um, this is being rushed through.
This is record speed even for, you know,
things moving fast in the city of Chicago.
This is, this is just too fast, too much, too fast.
Um, these taxes are being diverted away from our schools
and public services in the community
that needs more investment in schools and services.
These tax incentives need to be tied
to environmental remediation and community benefits.
The sale of the land has not been completed yet.
The remediation, uh, the environmental review
and the remediation have not yet been completed.
They haven't even been started.
And so we're asking to slow this down
and that this tax, these tax benefits should be tied
to direct community benefits for the Southeast side,
including, but not limited to, uh, education pipeline,
which I know has been promised.
But we want the details.
That's where, that's where the hangup is.
We want the details to know that it's real.
Uh, same thing with the jobs pipeline.
Um, and, um,
and also, um, programs to help limit displacement.
Southeast side, uh, residents have lived in Chicago
for average of over 30 years,
which is a lot longer than the rest of the city.
This is for the city, the, uh, city
that helps build downtown and all the skyscrapers.
And so we are just asking that money that is being spent
for this development also lead to a real
concrete investment in the community.
Thank you. Mad. Next speaker is Coach Strong.
Uh, good morning to all the, uh, distinguished guests
that are here in the days.
I recognize all of you all as being a part of the process.
My mother always told me to recognize people of importance
and presence, and that's what I'm here to do today.
She taught me not to hate. She taught me to love.
And that's why I'm here today.
I'm opposed to the speedy movement of Quan Project.
I'm an education person. You heard me say that.
We have to respect one another
and respect one another's opinion.
Some of us are gonna be on one side of the fence.
Some of us are gonna be on the other side of the fence,
but at the end of the day, we all have
to work collectively and collaboratively.
I'm opposed to this. We're moving too fast.
All the studies haven't been done.
We are talking about a quantum project here.
We're talking about use of water, our Lake Michigan
that affects six other states.
We have not come to conclusion of all the necessary details
that need to be involved in this.
I'm saying I've ly opposed this right now.
I'm not opposed to the project, but just the process.
And I'm asking this committee to take a real deep look
and think about your heart right now
and think about what are we doing here?
Is this about the people or is this about the money?
Because we're starting top down
and we're somewhere near the bottom?
And that's not appreciative.
I think we need to have these communications from the top
working our way down until we get something substantial,
something that we can all agree on to make us happy.
Because at the end of the day, like I said at the beginning,
we all wanna live together and be happy.
Thank you. Thank you Mr. Strong. Next speaker is Mr. George.
He's still downstairs. Next speaker is, uh, Caesar.
Good morning. Thank you for Oh, alright.
Good morning and thank
You for the opportunity to meeting.
My name is Cesar Santoy.
I am a small business owner and an architect by trade.
And I am here in support of item 39,
the property tax incentive, uh, for the uhs upon project.
As a, uh, small business owner, I am, uh, proud to say that,
uh, we've been able to work on projects in the southeast
side and employ architects, uh, from the southeast side.
Uh, a small office of 10, two individuals, uh,
that came from the southeast side.
Very proud. They're very proud of that.
And, uh, they're also excited, uh, about this, uh,
about the project and its development.
As a fan of innovation, um, I'm excited that, um,
Chicago, uh, can be, will be, is being considered, uh,
for such an, uh, important project that will yield, uh,
many important, uh, scientific, uh, discoveries
and hopefully make all of our lives, our everyday lives, um,
easier in one way or another.
And, um, I'm also, uh, uh, in,
I also recognize the tremendous economic impact, uh,
that this project will have, uh,
on the surrounding community.
Uh, some of it, uh, is, is, uh, known
and obvious at the start of the project.
There are many things that I think will become apparent,
many positive things that will become apparent, uh,
throughout the life of the project as, uh, a new sort
of dynamic, uh, takes over in the, uh, in, in,
in the space itself and in the surrounding areas.
Um, thank you again for this opportunity
and again, reiterating my support for this item.
Thank you. Mr. Sim just arrived. Yes, him.
That was 'cause downstairs, that meeting was No,
I'm identify t our next speaker is one six.
Thank,
um,
Chairman, is it okay that I film this session?
This is a public. Okay. Want me to hold your camera?
Oh, yeah, that you, no, no. I wanna film the whole meeting
Actually. That's what I'm going.
Sorry
About that. No, here
I can speak also.
Um, oh, okay. So economic development.
So I'm in the far south side of Chicago right now in Rose.
Um, for some reason I had
to film it What would be on 1, 1 1, um, Perry Street.
Just the, the blight of the whole neighborhood
or that it was one block that I was walking down
and there was like 13 abandoned structures properties.
But after sitting in budget and financing
and hearing about vacant lots that are actually getting paid
for by citizens just to sit there.
Um, property tax, all these different things,
but they happen in Black American community
and Roseland, Inglewood, Austin, east Land grab.
And I, I imagine if those corridors were actually accessed
and used, if some development was actually
put in, huh?
If on, if on our side, on our end.
Other than that, those other areas, right?
Where I'm from, I'm from Roger Park.
And the reason I talk like this,
because I know what a corridor look like built out.
I live in Roger Park, I know what the lake from look like.
I know what the beautification of the, um, sub all that.
However, when I walk outside on 1 1 0 0 1 South Michigan,
I, I, by the way, I, the place
that I stay in is almost in the condemnation state.
The five buildings that surround it are in condemned states.
Nothing but lots. This is a block.
This is the streets because of the nature of this city,
the intent of this city, y'all have blighted our
intentionally areas like Americans,
and for whatever reason, which y'all,
for whatever reason fill away when we are able to speak
to 'em, and it's a hangup
because it speak in this room, will actually agree
to do deals that do blight out these, these, these areas.
Y'all, the developers, these people, y'all gang, not us,
but we are just a community, a neighborhood, people
that are striving this man will stand
to the man that was buried all me.
Uh, yes, I do speak in this fashion. Yes I do.
I look like a gang banger. They been calling us gang bang.
So I call
Thank you Mr. Sims.
Our next speaker is Marty Rodriguez.
Good morning. Morning.
My name is Maddie Rodriguez and I live at 1549 North Colon
and I'm here to address my Alderman Gilbert Viegas office.
It's coincidence I find you here today. I live in a block.
My home sits in a commercial zone
and my alderman has used my zone for a public parking lot
to fit North Star Development Center.
He has taken away our residential parking,
which he implemented through city council and repealed it.
On top of that, he illegally took my landlord's driveways
that he had permits for
and approved to cater also
to this North Star development center.
Now Viegas office is now building in
another parking lot for North Star Development Center
at 1541
and 1553 North Colon on the side of my house.
So picture this, you living in the middle
of our parking lots, this man preaches about housing
and people with disabilities,
but he's taking from the community residents to cater
to people that are going around slandering
and lying about me.
All the men are not here to cater to one party.
They're here to cater to everyone in the community.
And his office is using their power.
They're corrupted
where one residential commercial owner is paying his taxes
and mortgages by his catering to another business.
I think it's abuse fire and it needs to stop.
I'm at Paris of this commercial
at 15 41, 15 43 North Cole
to be made into another parking space
for this North Star Development
standard. Thank you so much.
Thank you. Mr. Is Ruben. Gil.
Hi. Good morning. Uh, thank you for allowing me to speak.
Um, I am, uh, I grew up in South Chicago, uh,
at a time when South Chicago was, uh, was a,
a solidly middle class community,
and it all had to do with, with real industry
and jobs that paid real wages that people can live on
and raise their kids who can go on to school and, and, and,
and benefit society in general.
Uh, I I see this incredible opportunity
of the quantum works as, as a long awaited
replacement for all the, all the emptiness
that's out there when, when steel mills left South Chicago,
they truly were the backbone of South Chicago.
It was, it was, it was thus that we were able to, to to,
to truly advance in, in society as,
as everyone would want us to.
And, and I see this, I I have been working in South Chicago
for, for the last 40 years doing very projects in various
parts of South Chicago.
My old church, our Lady of Guadalupe, um, the, the, uh,
a uh, dialysis center down down in South Chicago, uh,
a tremendous amount of work at at,
at Trinity Trinity Hospital.
And every chance that I get personally that I get to do
anything at all in South Chicago, I jump at that and, and,
and my, my whole, uh, I'm here to, I'm here to, to
speak for the, this this project progressing and, and,
and finally becoming the, the, the promise that has,
that has been, that has been several projects that
that did not proceed on this land and, and, and, and,
and create the kind of benefit that this can create.
Thank you very much for letting me come. Thank you Mr. Gil.
Next speaker is Ms. Jessica Jackson.
Uh, good morning. The bottom line is this, I'm opposed
to anything of the, uh, of this commercial development
and stuff for housing until the alderman
of the city addressed the fact that private
citizens properties are being stolen by Cook County
and the city of Chicago.
Now my family, me, I've been living in South Shore
for 62 years.
62 years, and I've seen South Shore at its height,
just like I see how they have let it go desolate now
and putting a bunch of projects, which is
what all these housing developments are going
to ultimately be.
All this low income housing
that those people who going
to live in this low income housing are not going
to be paying property taxes and
'cause they not gonna be paying property taxes,
no money is going to be going into our local schools.
So what you're doing is generating poverty, poverty,
poverty, because you cannot pass down
no section eight voucher.
You can't pass down subsidized housing,
but you can pass down real estate,
you can pass down building.
So when y'all talking about how fast y'all want this to go,
look at how fast they moved to move us out
of our, our property.
Look how fast they moving.
They're trying to take my mother's building
that's been in my house for my family for 62 years.
Oh, now that's, that's proof how fast the city can move
to push us out by way of gentrification.
They don't move slow on that.
So we gonna need y'all white developers
to stop talking for black people.
We come up here all the time talking about
how our communities are being decimated
by the Democratic party and this houses are,
and y'all don't do nothing.
Y'all know our voices like this.
1723, we getting ready to show. We got the poll.
So talking Trump getting ready to come
because our voice gonna be, you understand that
ain't no get blind.
The South Shore line. That's what this
Speaker is.
You want me to hold your tone? Well, yes and record.
I'll give you all what else?
This is about these SSA and it is about tax.
I sending the, we one of these, see
what tax say it is just another game.
The SA, we already have street consent,
we already have the police department,
we already have our various support.
Then come in with these old officer with another scheme,
taxing people the second time in a commercial setting
and putting their own little donkeys in place.
And that's the way the hustle, right?
All we can do is on their commission.
They don't vote on, on who going to sit on their commission
and who's going do that extra work.
ssas, there's nothing but another game.
The games that people play here
and we are being played on today
because they have another meeting downstairs
on the first row
and little small room, whoever
is setting up these meetings should be kicked out.
Say that anybody who would have two meetings
the same day but the same time
and at the same place damn game that you
and somebody made a remark about Mr.
Blakemore said, Mr. Blakemore, you got to be nice.
I have to be strong.
Only the strong survive, not to me and humble and nice,
but you got be strong.
Only the stones survive.
This city have grown down
because if a 1.6 star,
all Democrats 69 each other come
by here, Trump come by here, all the same.
Do stop. Thank you.
It. Our next speaker is Queen Dean Queen.
Alright, go.
Name is Queen Deanna.
I'm the self appointed queen of Chicago
and I just wanna give you my introduction.
I grew up born on 80th in Constance.
My father's a truck driver, a teamster.
My mother worked at Social Security.
They both have good, she has a good government pension,
she has a team suspension.
I went to St. Catholic School for nursery school.
My mother taught GED classes at Ken King,
so I took my daycare there also.
From there I went to Beasley Academic Center.
I was bused from 80th and Constance.
I would walk up to Horseman School.
I got bused at Beasley Academic Center.
From there I went to Whitney Young, the Magnet School,
and um, and then we moved from 80th
and Constance to 96 and Dobson.
So I also took weekend classes at Chicago State.
At the Chicago State University. I got my university degree.
I'm a second generation college student.
My mother went to Circle Campus.
I went to Northwestern University in Evanston, Illinois.
I see how white people in Jewish people live in Evanston.
It is beautiful. You have to be a resident to go
to the lake in Evanston.
If not, you have to pay money.
And that's what I want to
where I'm now I'm in Washington Park
and I'm offended that my alderman Pat Dallas downstairs
doing some procedural zoning
bull crap when she should be up here.
I'm offended by the lack of black alderman in this meeting,
an economic development meeting.
And I only see two, but all three.
I'm assuming you're aldermans,
but I don't even know who you are.
I retired at age 40
because I was tired of being cheated by corporate America.
I've made millions for corporate America
and now I'm here to make millions for my people.
I will be running against Pat Dow for third quarter
because she only cares about the South Loop contractors.
She's, I care about Washington Park
and Washington Park is the dream.
That's Lincoln's dream. That's Obama's manifest destiny.
And I'm here to kaman for all the people in Chicago,
all the black and brown chocolate chips.
Nice to meet you all. You, I'll be seeing you.
Thank you. Our next speaker is, uh, Dixon Moore.
Dixon Moore. Next speaker
is be I,
don't I, I'm sorry.
Yeah, no problem. Good afternoon or good morning.
Um, good morning Honorable, uh, chair Viegas
and Vice Chair Mosley and the rest of the committee.
Uh, my name is Kaia Alba
and I represent the alliance of the Southeast as well
as the community members who could be here today.
I'm here to express concern about the tax incentives
proposed for the former US Steel site
or the Southwest Quantum Campus.
This ordinance proposes to lower,
and I'm sure you know this, to lower the developer's tax
from 25% to only 10%.
While the city faces major budget shortfall.
We're being asked to offer massive tax breaks to a project
that's already receiving significant public
funding in investments.
Ask yourself, why are we diverting diverting funds
that could also go to schools, public services
and neighborhood infrastructure.
These kinds of incentives are rarely offered
to small businesses that are very businesses
that formed the backbone of our community.
Small businesses consistently struggle to access funds,
tax breaks and other resources,
and yet we're prepared to grant substantial financial
benefits to a single developer without a solid commitment
to community benefits.
Finally, the permit fee waivers add to the concern
by passing potential revenue that could again,
support those local services
with no clear enforceable community benefits, plan attaches,
text break, the people of the southeast side are at risk
of being left behind again.
So we ask you to please slow down the process.
We all want to see progress in the city,
and I'm one of those people, but we must of the progress
that serves the community.
I wanna thank you for your time
and I urge you to please slow down.
Thank you Ms. Wa. Our next speaker is Juan Sandal.
Good morning everyone.
My name is Juan Sand, known as John Sandal.
I'm actually a member of the Veterans Park
Improvement Association.
Small community face. Just so assemble one second.
Um, timekeeper please. Oh, sorry.
Oh, gimme second ahead, Mr. Assembly. Okay.
Like I said, I represent the Veterans Park
Improvement Association.
We've been in existence since 1964.
Our community, our community have seen our ups and downs
and a lot of the people that work
that live in our area worked in those steel mills
that were in that area.
And of course, as it closed down, a lot of people stayed
and a lot of people left.
A lot of the people that left,
I actually bought their homes.
I'm, I've actually a retired Chicago police officer.
I'm a retired lieutenant colonel out of the Army.
I I did eight tours in different places in the world,
working with the United Nations, working with, uh, unicef
and meeting in Switzerland for other entities.
I actually did redevelopment in Iraq
and I come back to my community
and I see the way it is and I say, you know what?
We need redevelopments.
And I, I see the progress
of the 87th Street side there, the steel mill site.
It is been at a standstill too long.
A little tax incentive will go a long way
for the future of what we have.
We need developing minds.
We, the University of Illinois will be there at the
University of Chicago, will be there, research centers
as I've seen different places in the world, researchers come
to where their minds will be developed.
And we need to keep our future enhanced.
We need to keep moving forward.
Yes, I do understand what a lot of the communities want to,
or committees want
to slow down the process to see where we're at.
But the quantum of computer is a fast moving process.
What is beyond quantum computer?
Another computer's gonna come right
behind it in about another 25, 30 years.
We got to keep moving with the rest of
The, the world. As
we move forward, let's move forward.
That's why I suggest that we move on with this tax incentive
and move forward as quickly as possible.
Thank you. Thank you Mr. Sandal. Thank you for your service.
Our last speaker is Court Perez,
chairman Viegas and, uh, elder of the committee.
My name is EZ and I'm from South Chicago.
I am the founder and CEO
of Lake Effect Community Development.
And on behalf of our board of directors, we would like
to extend our support of this tax abandonment
program for the software site.
We started this organization as a 5 0 1 C3 a few years ago
with a mission to positively impact the economic landscape
of the southeast side of Chicago.
New partnerships is how Lake Effect approaches this mission.
Currently we have partnered with two local nonprofits
to redesign and rebuild our facilities.
One is on Commercial Avenue, is a use social service center
and the other one is for the he little league.
I also have an opportunity here to, um, support this
as a resident as well.
I'm a lifelong resident
of South Chicago in the Bush community
and I'm also a small business owner.
I own a bakery called Chico's Oven,
and we're located three blocks just west
of the Southbrook site.
We were selected Donut Shop
of the Year in 2022 by South Site Weekly.
My son made sure that I told you guys that
when the news was breaking about the development, my team
and I did our part in welcoming our new neighbors.
And on the day of the announcement, my son
and I were there with the big old banner welcoming everyone,
just new work park
and everyone was coming for the announcement.
We wanted to make sure that we knew that we told these
executives that they were welcome into the
bush of South Chicago.
Now, we opened three years ago not knowing
that this was gonna happen, um, in an area
that was very difficult
to run a small business in South Chicago, known as the bush.
Since the US steel closed back in 1992,
there's been just continued waves of disinvestment.
High crime and violence has all prevailed
and the perception of the area, particularly
of the Bush South Chicago, was just negative.
And this makes, and this may opening up business
and maintaining it that much harder,
but I've always said a strong belief
that we can create a new market where one doesn't exist.
The last three months have been very exciting
because there's finally a positive buzz in the community.
It's open optimism and excitement all in one.
Since we rolled out our welcome wagon,
our business has increased
and I've been approached by other small businesses who want
to know more and be supportive.
Thank you, Mr. President. Just real quick, Mr. Sherman.
So I ask you guys to please build it fast
and in the words of the famous elder blues,
the 1980 from South Chicago, they're not gonna catch us.
We run a mission from God. Thank you Ms. Do.
I'd like to also recognize vice chair mostly
for the purposes of Quo.
Ladies and gentlemen, that concludes the public comment
portion of our meeting item, one of the agendas
of reappointments of special service area.
The following individuals being considered
before the committee, reappointments
of Juliana Montego Mont is a member
of the special service area number 17 Central Lake View
Commission, located the 44th and 46th wards.
At this time, mark s the Assistant Commissioner
of Department of Planning developments available
to answer any questions on the reappointment.
The ECTD team has confirmed the support
or non objection in the following Council members,
the reappointments within their respective board.
I will clay in loss
if we, at this time, if any of the members
of the committee council like
to make a statement or ask them questions.
Any questions from the committee?
The appointment is present.
Um, would they like to make a statement at this time?
Seeing that they're not here may have a motion.
Recomme approval will be appointment.
The same roll call that was applied to Determin wo,
uh, vice Chair Mosley.
So object. So order,
new past recommendation re appointment will be reported out
the next city council meeting.
Appointee, congratulations on the confirmation
of partnership with the City of Chicago Court to working
items two, excuse me, items two through nine of the agenda.
Series of ordinances regarding the scope of services,
budget tax, levy services, provider agreement
for very special service areas that include
SSA number four 95th Street in the 19 one
SSA number 23 Clark Street, Lincoln Park, and 43 Ss.
A number 35 dash 2015 Lincoln Avenue
and 40 K Ward, SSA number 47 Cottage Road, 47th Street
and the fourth and 20th Ward.
SSA number 5,501 Street, Kenzie 19th Ward,
SSA 56 dash 2022 Bronzeville.
And the third ward, SSA number 73 Chinatown
and the 11th Ward, SSA number 31.
We have read 46 47 Board.
Mark Roon, the Assistant Commissioner of the Department
of Planning and Development will speak on these SSA Brother
ordinances video.
Take questions after comments. Mr. Roon?
Morning. Morning. Morning. Good morning, Mr.
Chair, members of the committee.
My name is Mark Roon,
assistant Commissioner at the Department
of Planning and Development.
Uh, the ordinances that are here, um, today, our first batch
of eight, uh, were, um,
introduced at the last city council meeting.
And, uh, they all have been vetted.
Uh, they're originally developed by their respective, uh,
commissions, uh, vetted through the law department
and the budget office.
Um, and, uh, uh,
and also the local elders were, uh, briefed
and had the opportunity to make any
comments put into these budgets.
Um, we do have, uh, letters of support
or no objection from all of the respective auditor
are any questions, uh, from members of the committee?
I seeing we have a motion
to recommend prove the ordinances by the same roll call.
All those apply to honor las So moved here. No objections.
So order to passed, recommendation to be reported out.
Next city council. Items 10
through 38 are direct introductions to scope of services.
Budget LE services provider grievance for,
for various special service area.
Item 10 is SSA number two, Belmont Central and 30th.
30th and 31st wards.
That's state number three 63rd Street, 13, 14th,
50 16, and 23rd wards.
That's state number five, commercial Avenue.
Seven 10th Wards. That's state number seven,
industrial 14th Ward, SA number eight, Lakeview East
and 44th and 46th.
Wards as the same. Number 10 back of the yards.
11, 12, 15th and 20th. Wards as same.
Number 13, stockyards and third, 11, 15th and 20th wards.
It's the same number. 16 Greentown 34th Ward,
the same number, 18th North Halstead.
And, uh, 44th
and 46th Ward, SSA number 22 Clark Street, Andersonville,
Andersonville, Andersonville in the 40th
47th and 28th boards.
It's the same number. 26th Broadway and the 48th
and 49th Boards.
SSA number 27 Lakeview and 32nd, 44, 46 and 47 Boards.
SA number 28 20 14, 6 corners in the 45th Ward is
state number 29 dash 2014.
Westtown first 27th 36 wards.
This state number 32 dash 2024 79th Street, Reham, six
of 17th Wards It State number 34 Uptown in 46th.
47th, 48th Fords.
Thats the 70 38th North Center and the 32nd and 47th Wards.
Thats the same. 39 Wrighton Archer and 12th and 14th Fords.
State Number 42 70 First Street Oak, 71st Street,
Stony Island, and the fifth, seventh,
and eighth Wards as the state number 4503rd Street
and the ninth and 21st Wards.
That's a number 59 dash 2022 59th Street in 1415
and 16th boards.
That's a number 61 dash 2023 Hyde Park, number fourth
and fifth Wards as a number 62 SAU 39th Ward
as State Number 69, Ashley 95th Street,
17 18, 19, 20.
First Wards, SSA number 76 dash
2024 North Michigan Avenue.
Second and 42nd Wards, SSA number 79,
Lawrence Pulaski Ton 39th Ward, SA number 80, Maywood
and 16th s sustain 81 80 seventh Street
Business Corridor and sixth and 21st Wards,
SSSA number 82 Division Dearborn.
And the second one, mark Roon, the Assistant Commission
with Department of Planning and Development.
Speaking of this budget ordinances,
you'll take questions after this guidance.
Thank you. The, uh, 29 ordinances
before you today, um, are being introduced directly in order
to, um, allow that to pass out time to be filed
with the county's, uh, deadline.
Uh, these ordinances do include six ssas
that had public hearings, uh, uh, three weeks ago.
And, uh, they, um, along with, uh, the other, um,
eight ordinances, uh, will pull 37
ordinances total being, uh, on the agenda today, uh,
we have a total of 58 ssas
that will be up from the current 55
that are active in 2024 this year.
Um, and so the, the program is growing
and, uh, again, uh, these are all locally initiated.
Uh, we received applications for all of these
and some resources available for the community if they wish
to pursue this.
So, um, with that, I, I request, uh, your favorable,
favorable consideration for these, uh, ordinances.
Thank you, deputy Commissioner.
Just to point out on the deck there, SSA number eight, two
division of Dearborn one 14 should be second board.
Yeah, it's not. We did redistricting two years ago.
Any, uh, uh, any questions from the members?
Comments from the members?
We have a motion recommended passage.
This item by the same roll call that was applied
to establish form vote Court will so moved no object.
So order the new pass recommendation will be recorded out in
the next city council meeting.
Next we have, uh, agenda item number 39.
We coordinate on class a micro property tax center
for former US Steel Bill, located in seventh at 10 board
and amendment of municipal code chapters two dash eight
and two dash 45 to waive various fees
for Class eight micro micro projects.
William Jeffries, the managing Deputy Commissioner
of Department of Planning Development here to, um,
to present and support of the item
and will be available to answer any questions.
We also have members of the development team available
to answer any questions.
Mr. Jeffries, please begin with the presentation.
Uh, good afternoon.
Jeremy iga, members of the Committee on Economic Economic
Technology and Capital Development.
For the record, my name is Tim Jeffries,
managing Deputy Commissioner of
Department of Planning in Belman.
Uh,
I'm here today to request your approval of an ordinance
that support the development of the Illinois Quantum
and Microelectronics Park
proposed co quantum computing campus on the
former Southwest property.
Uh, this legislation would be that
by specifically authorizing three actions.
The first is counsel affirming DPDs findings that former,
our Southport site is in an area in need
of substantial revitalization
for the reasons outlined in the
report attached to this ordinance.
The second is authorizing the commissioner of DPD
to access the city officer for the purposes
of submitting the city's Class eight micro application
and designation report
for the county assessor confirming the
overall program eligibility.
And third is the approval of certain permit fee waivers
for projects that may be awarded a class a micro program
tax statement in the future.
Uh, I will note that these actions are entirely, uh,
about establishing a programmatic framework
and that these actions are not specific
to any individual project that is either in progress
or maybe proposed in the future.
Uh, that said, the ordinance is specific
to the former southward site,
which is generally located at 8,800 South Lakeshore Drive,
uh, given its size, the property is split
between both the seventh and 10th wards
and is in the South Chicago community area.
Uh, this is a closer look at the approximately 500 acre
subject property, uh, within the context
of the South Chicago neighborhood.
Now, the property was formerly the US Steel Company's South
Work site, which originally opened in 1880 at its peak
of production in the 1950s.
Uh, the South work site had a workforce of 20,000 employees
and was responsible for 10% of the global steel production,
uh, the latter half of the 20th century.
However, the American steel industry would've dramatically
changed with both domestic production
and employment significantly declining.
And as a result, when US Steel shutters
to the facility in 1992,
there were just 700 remaining employees.
Uh, following the closure. The,
the buildings were demolished
and the property was remediated in 1993, uh,
leaving the property vacant for the past 30 plus years,
as you can see in this area.
Photo, this photo also provides you with a bit of context
of exactly how large this site actually is.
Uh, DPD believes it
to be the single largest continuously vacant property in the
entire city of Chicago.
Uh, since that time, the site has been subject
to various proposals,
but none have advanced in the conceptual stage.
Uh, this is largely because of the complicated nature
of the property, especially its sides
and the lack of infrastructure including throughout.
Uh, that said, the site also represents such
tremendous opportunity.
Uh, it has a strategic location on the lakefront,
has access, uh, to interstate mail
and water infrastructure, has an availability of water
and power utilities,
and it has close proximity to institutional
and educational South Summer.
Uh, and it is because of these intrinsic benefits
that Chicago now has potentially generational opportunity
to reestablish South works
as an international hub of indu industry.
But this time in the field of quantum computing, uh,
I will not pretend to be an expert on quantum,
but I can say that it is an emerging
and extremely important technology
that represents the future of computing
and how humans use computers to solve problems.
Um, for all of the advances
that traditional computers have made in our lifetimes,
they are still in many ways very limiting.
Uh, quantum computers, however, are able to analyze data.
The traditional simple computers simply cannot.
Uh, just for some context, uh,
Google used a quantum computer
to perform an extremely complicated complication.
It would've taken a, a traditional computer
10,000 years to run it.
A quantum computer did it in 200 seconds.
Uh, given the importance of quantum,
there is an ongoing space race to determine
where this cutting edge tech,
cutting edge technology will be developed.
That requires both speed and coordination.
And this, the 80 80 district is the coordinated effort, uh,
to ensure that Chicago is the place
where requirements develops.
Now, that will begin with the construction
of 128 acre Illinois Quantum and Micro Electronics Park.
For the IQMP, uh, this includes the construction
of an industrial scale cryogenics plant
that will manufacture materials needed
to maintain an extremely low temperature to required
for quantum computer quantum computing, as well
as a shared use cryogenic facility
that provides super cold conditions to any user
that may come to the IQMP In the future.
Uh, s Quantum, a private quantum computing company,
will be the first user of the site,
and they proposed to develop a three building 550,000 square
foot facility that will create the first useful quantum
computer in the United States.
Additional users they're expected to follow,
and that includes, uh, other private companies as well
as investments from the federal aid from the federal
government, including agencies like DARPA, who believe
that Quantum computing and the IQMP to be a matter
of significant national importance.
Uh, DARPA is the Defense Advanced Research Projects Agency.
It's the Research Wing Department of Defense. Okay.
Um, if successful, this is
how the Vacant South Works site could be transformed.
Uh, this is still a very early and initial proposal,
but it does give you a sense of the transformation
of the full build out of the IQMP.
You have on the site, uh, this image, you can see the,
the CY Quantum Facility of the white, uh,
with the cryogenics plan, uh, along the,
immediately adjacent to the new roadway,
sort of in the middle of the site.
Right. Um,
that said, the goal of this isn't the development
of Cy Quantum as a singular user, uh,
but the full bill value of the IQMP
to be a global Center for Quantum Computing.
Uh, this would include a variety of uses
and users that would facilitate the development of quantum,
including research
and development suppliers, manufacturers, and end users.
Uh, this vision is obviously an district one
and pulling it off and only be achieved
through the coordinated effort, not just
by the private sector, uh, not just by all levels
of government, including the city, cook County,
the assessor's office, the state of Illinois
and the University of Illinois, but also the community.
Uh, that's why the city has had three
public meetings to date.
We have a fourth one tonight,
and there will be at least one more before end of the year.
Uh, and this coordination will help deliver on that promise.
And to do so, each level of government has been, uh,
aligning our resources, uh, to support the, the IQMP, uh,
the IQMP to ensure the programs
and resources are complimentary
and avoid bureaucratic entanglements.
Uh, so far this has included $500 million from the state
of Illinois to develop the cryo plant in the shared abuse
facility, which be managed by the University of Illinois.
Uh, it also includes the approval of tax credits
and other benefits for the state's micro
or through the State's micro program
for individual companies, um, on the city side
and the subject of this legislation, uh, that,
that includes the designation of the South Work site
as a Class eight micro eligible area,
and the authorization of permit fee waivers
for developments in that site.
Uh, just to describe each
of those components a little bit further, uh,
class eight Micro is a new tax classification
that was developed in co collaboration
with the City Cook County Assessor's office.
And at a high level, it functions similarly
to the Class six B class 70 class L programs that come,
that normally come into the body, uh,
and that they reduce a property tax burden
by approximately 60%.
Uh, there are some key differences,
however, uh,
the first is the overall duration of the program.
Uh, the, the existing programs like Class six B have an
initial term of 12 years in class, uh,
eight micro incentive,
however, last 30 years, uh, this term was set not only
to establish a long-term benefit for the site as a whole,
but also to align with the overall duration
of the State's micro program.
Again, the coordination between agencies
and governments that were, we're, that we were aiming for,
uh, that setting consideration of that longer term,
a Class eight micro is not eligible to be renewed,
unlike the Class six B Class seven programs.
Uh, the second major difference is the Class eight microbe
is geographically restricted.
The program, uh, requires
that the city designate an eligible area
and only projects within
that area can utilize the abatement.
Additionally, the county law requires
that the city demonstrate the presence of factors
that clearly demonstrate the area, uh, to be in need
of substantial revitalization.
Uh, DPD has drafted this report,
and it is included as an exhibit to this ordinance.
Uh, once it's established.
Then again, the Class A micro can only be available
to projects were in the area.
Uh, shown here in red is the proposed, uh, uh,
area eligible area for Class eight Micro.
As you can see, it goes beyond the initial 128, uh,
acre IQMP on the south side, south of the south slip,
and includes the approximately 490 total acres
of the former Southport site.
Uh, it is entirely vacant, uh,
and there are no improved, uh, buildings on it, uh,
and that that is all detailed in the
report that DPD has provided.
Uh, I'll also just note
that the proposed area does not include the existing
parks or lakefront space.
Those are not included in this designation.
They're not included in the quantum site,
and they will not be negatively impacted by this proposal.
Uh, once the class, once the eligible area is designated.
Projects do not receive an abatement simply
because they're located in the area.
Individual projects are only located, uh, to the extent
that they are specifically a quantum
or quantum related business.
This is demonstrated by project having formally
executed a micro agreement with the State's Department
of Commerce and Economic Opportunity,
or DCEO, which again, is an effort to, uh, align all
of our, uh, uh, efforts.
Um, that said, should an entity fall into default
of their micro agreement with DCEO,
the class program has a cross default provision
that would result in the revocation of the tax abate.
Uh, the fee waivers, uh, would also be provided to projects,
but only to the extent that they meet all
of the aforementioned criteria, meaning they need
to be a project within the eligible area, uh,
have a quantum fee, quantum specific project,
and also have a micro agreement executed with the states.
Um, as I said earlier,
this action would not specifically result in the approval
of a Class eight micro abatement
for side quantums 55,000 square feet initial phases.
Uh, that said, I did wanna provide a sense of the impact
that this program would have.
Um, while the incentive would provide a significant
incentive to s Quantum estimated hundred $90 million over 30
years, it would also have a substantial benefit
to the city's tax base.
Currently, the property pays approximately $40,000 a year
in annual property taxes.
If it is developed, though, just the Quad Squ facility is
estimated to generate 140 million property taxes
over the next 30 years, even with the abatement in, uh,
those figures are only, uh, are
however, only for a part of size plan build out though, uh,
and that only represents a, a, a small component
to the larger 80 80 districts, meaning that the whole
of the IQMP could re result in growth
to the tax overall tax base
that is substantially greater than $140 million.
Uh, given all that DPD is extremely supportive
of this legislation, uh,
we believe this is a generally generational opportunity
to position Chicago as the Global Center on computing
and to do so in a way that will result in the redevelopment
of the South Fork site, a property
that's vacant in more than 30 years.
Additionally, the financial benefit to the city of this, uh,
even with in place extreme significant is projected to,
uh, to, to result the psych.
Quantum development is projected
to result in $140 million tax increase,
uh, over the next 30 years.
And this comes at virtually no risk
to the city since the incentive is only effective
to the extent that the site is developed related users
at a higher level, the, the, the benefits of the economy
of the IQMP are even larger with an estimated $120 billion
of economic impact on full completion, uh,
20 billion, sorry, not one.
Uh, for all those reasons I'd asked the committee
for your favorable consideration of this request.
I'm also joined today by a number
of members of the development team.
Um, west, we're Certifi Vice President Kurt Bailey, as well
as Mike Elch and D Garcia.
I'm from one, we have their CEO,
Josh Richmond will well Green, uh, I,
and they are happy to answer any questions
you might have at this time.
We, Chico provided a letter support for this item.
Chico, would you like me to comment on this?
You should be able to speak in view.
Speaker ahead.
Thank you, chair. Thank you. Uh, committee members.
This piece of property has sat vacant for over 30 years,
and I have a deep personal connection to this property.
My grandfather, which I've talked about many times,
was the president of the Union,
local 65 at US Steel in the 1970s, uh, at a time
where it employed over 20,000,
20,000 Chicago.
And as I look at my residents in the box,
I could probably safely say in some way, shape,
or form, every family is tied to one of the mills,
whether it be US Steel, the biggest Wisconsin Acme
or Steel Mill families.
And we're proud of that of it. Um,
unfortunately in 1992, it was a sliver
of what it once was.
A couple hundred people were employed,
not much going on anymore at that point.
And a day came where most people thought would never come.
US Steel closed doors forever.
And with that, the hopes
and dreams of the residents in South Chicago in the 10th
Ward, they took a dip.
What was once a robust community commercial avenue, just
bustling at all times of the day was no more.
And I like to think that, you know, my grandfather's legacy
and what he did on the site,
and now me as the alderman,
I think we're a unique opportunity.
A lot of times when I talk, I talk about the intersect
of my grandfather and old industry
and his grandson in the new industry.
Welcoming, in welcoming in the new industry
right there on the US steel site that intersect
is pretty cool and pretty neat.
And, and, and to have a personal connection to that
is something I can take with me for the rest of my life.
I heard the comments from everybody in the box,
and I appreciate everybody's comments.
And, and I I take away is we probably have more in common
than, than we don't.
I heard people say, if wanna
see it go through and go through.
I also heard said others say,
slow down, but we still approve it.
We have more in common here,
and we could work together to make sure
that this is working for everybody.
We had a pretty good week to speak and to coach.
We talked before and you being a big education guy going on.
And in July when we had the announcement, one of the things
that kind of ran through my mind
that day was getting the schools involved.
So this week we had two events
that I could say I were very proud of.
One of game night at Bowen High School,
the high school closest site where we had
students just happy, engaged, learning about something
they didn't know much about.
The smiles on their faces was something I could take
with me forever.
They were just so enthused about being there about somebody
showing 'em something that they
never been exposed to before.
And then two days after that, we had a, a principal meeting.
We gathered up 25 different principals
from the seventh and 10th wards.
We had the found with the co-founder
of s Quantum p come down.
And we had a round table, a robust conversation about how U
of i the campus and is gonna have a place in these schools
because, 'cause the opportunity is there to uplift
our schools stem through the, the, the great minds
that are gonna be working on the site.
That's something I'm passionate about.
And, and I listened to you and I took your recommendation.
Thank you for that. I cannot wait
to see a shovel on the ground.
I cannot wait to see. This comes to life.
This was something I,
I campaigned on putting something on the US steel site.
The US steel site is 490 acres.
I took a big piece of property
and to have that s vacant for all these decades
with nothing going on.
But hopes isn't enough.
So I cannot wait for the build out.
I cannot wait to engage our schools.
I cannot wait for the work to be done between every,
between everybody in the box community, the 10th board,
myself and the people in this box.
We have an opportunity of a lifetime
right here in the 10th ward an a ward
that has been soaked into betterment.
So, um, so thank you.
I look for the committee's favorable support on this
and put the 10th board back on the map where it belong.
Thank you. Officer Chico.
Uh, recognize also Alderman
Mitchell for the purposes of quorum.
Alvin Mitchell. This you also submitted a
letter of support project.
Would you like to make a statement on this as well?
I will not follow that. Absolutely not.
That's why you honor third term.
He said it all. We rehearsed it well.
Good job. No, every echo, every sentiment said,
I recommend your favorable, uh, support on this, uh, taxes.
Thank you all our, we have questions
for thanks, chairman.
And uh, I was gonna say you probably shouldn't let
all em Chico go last.
Uh, we don't, don't wanna ruin your, uh, there,
but, um, what, so this is more for Tim, uh, Jefferies.
How many class eights are in the region for there above?
Uh, the one one normal, um,
micro class A within an entire city.
It's in at 4,000, uh, uh,
north Field warehouse building.
And um, well the next question is kind of moved
because we know that's running.
So there haven't been any invitations
of removing that for any reason.
Function? Uh, no. It's function. Yes. Correct.
Um, so for the individual fee waivers in the
future, who would review those?
Uh, they would be reviewed by I in general.
I guess it's just the CPD would continue
to review the eligibility of the
larger projects as we always do.
Uh, and then DD would be responsible for the firm general.
Okay. And then is there any process after that?
It would go just through you, you would sign off on it
or would it come back to council?
It would given the narrow parameters of both this program,
because it's so specific in its geo geography
and it's like very targeted, uh, the county
where it's a structure to just be this, this is an enabling
and the confirmation of the, um,
the eligibility is done at staff level D.
Okay. Um,
what other incentives are contemplated for in site?
Uh, the county will be providing $5 million of funding
for the build out of the, the first phase city as well.
We'll have a matching $5 million. Um, but that's it.
Beyond, so $10 million for the, for these, this first phase,
and then this incentive and the fee waivers.
And that's all we're on. We No, except for anything.
No, no other zones created.
And then, um, what percentage
of the property would be available for additional business?
Um, once the first, um, quantum
thing company goes in, uh, how much of
that again would be taken up?
And then what would left for
the IQMP is a 130 ish acres,
and there's about, uh, uh, 500.
So there'd be 370 beyond that,
or I think that our hope is that it's all content users,
but, uh, obviously that's, that's a lot of land.
So other things could go in there as well. 500 acres.
Um, do any developers want to elaborate a little bit more on
that or, yeah, I think just identify yourself.
Sure. Mike Midwest.
Um, yeah, the, the initial quantum build up
that we're discussing today is about 7% of the total area.
Seven. Oh. So that's pretty small.
It's small, but there, I mean,
and we could look at net developable area
that's not including infrastructure and things like that.
So I would guess probably that's why I was asking what,
what, in terms of what space is available outside of
that infrastructure that I should put Yeah,
the iqp is the initial focus.
Yeah, it's really, oh, sorry. Kurt Bailey.
Uh, hello. Um, I was in his ward for years. I know.
Um, so it's about four 40 acres.
The IQMP is about a hundred, 830 acres.
I, I think, you know what we netted out
because we're looking at giving some back for open space
and things, you're gonna have about 250 acres left, um,
for the after we're done with the IQ
and that, uh, so that kind of got, just
to my closing comment, um, I go down to Big Marsh Alderman,
and what you've done there is pretty incredible in terms of,
I think, improving that space, um, for families, you know,
and that's really what's needed along
with this new development.
And Kurt, I think you just kind
of touched on it a little bit.
You, you've gotta put, uh, an effort back into the community
and do the green space that they're asking for, um,
the remediation of other, not just this site, which I think,
um, in 93 you said it was already done.
And is there further? Nine two. Nine two.
Is there further remediation done outside of that,
that you're required to do?
Or you're pretty set? We're set.
There's, uh, there is, uh, uh,
no further action from IPA on the entire site
with a residential standard.
So it's basically, we will go build on a site
if something is encountered, we'll take it out,
but get you in the middle, and then we'll be half in place.
So it's, it is a, it's a pretty clear plan moving forward.
Okay. Um, I think that's all I had.
So, um, appreciate you guys, the work you're doing on it,
and, um, you know, congratulations to the Altman.
Hopefully that whole package comes together like the other
work that you've done down there,
and, uh, you'll be in supportive.
Thank you, chairman. Thank you. Thank you very much.
Can, can folks hear us without the mic we pick up? Okay.
Um, so I wanna say, number one, thank you for
your leadership and comments on this project.
It is humbling. I, I think about 400 so odd acres,
and I feel like I could fit half on the first board
in the land that you're talking.
Like, it's, it's, it's an incredible thing
to talk about this land, to talk about the generations
that have history here to talk about the technology
that we're discussing, that I was texting with my staff.
It feels like a deleted scene from Terminator too.
Um, just little bit.
Um, but there's also real seriousness.
All of this does have some questions
to go along with that seriousness.
Tim, you, you pointed out at one point
in the slides that there were three other development
proposals in 99, 20 10,
and 2017 that were all proposed that did not move forward.
Can you or someone talk a little bit about that
and what we've learned from those previous experiences?
Uh, sure. Uh, first one was, uh, a solo cup.
In 1999, they proposed about a million square foot
development of just to make the red cups.
Uh, they ultimately, uh, the city agreed to a tip,
RDA for the site.
Um, and, and the project,
but it ultimately did not move forward.
They expanded an existing facility in Highland Mark.
Um, the second was in 2010, uh, with,
or 20 2006, uh, I believe, uh, with McAffrey, uh,
the Chicago Lakeside development.
That was a very ambitious, very large project, um,
that did not move forward in part because of the recession.
And in part because, uh, it was just a, it was probably
too ambitious of a project to, to, to go
after in one bite like that.
Uh, the next was, uh, uh, 2017
by Enbrel Living Systems
that are Barcelona based residential developer.
They just flared out,
and I'm not, I'm not quite sure why they,
they proposed a combination of, um, residential, uh,
both high-rise and, and single family homes on the site.
I was gonna be modular in nature.
That's what Emerald Living does. They do modular housing.
And, uh, I, I'm not quite sure why that,
that didn't go forward specifically,
but it, it was by far the least advanced
of the three proposals.
Okay. And this,
so we still haven't seen this in plan commission.
This is gonna come before time Commission and zoning
and council date.
And my understanding,
'cause I wanna make sure I'm clear on what I'm going
for is you said, while s
computing to, to say that right, SQU squ
is the specific development that would be
conceived and potentially have a Class eight
micro incentive in the future.
Right now, today, we are not voting
specifically on their incentive,
but for the framework around how
these incentives will operate.
That's correct. Okay. And we're, we're really trying
to establish a districtwide, uh, proposal that, that
that would support side.
Yes. You know, they're the anchor tenant.
Um, they're the first ones here,
but then again, uh, the cryogenic facility,
like it's being developed, it's like
that is a huge competitive advantage for the site.
So we wanna make sure that we're continuing
to position other companies, other quantum computer users,
whether it's the research and development field
or the manufacturing field,
or the end user field to come here beyond this site
and develop support a robust ecosystem.
So what, since we're talking about frameworks, like what,
how does a redevelopment agreement fit into the framework
for how a Class A is gonna, uh, they will have, uh, uh,
there will be a redevelopment agreement,
or I guess it's, I I wanna call
it the redevelopment agreement.
There will be an agreement in place with the state, um,
pursuant to the micro, uh, act, that is the, one
of the requirements of the Class eight Micro, uh,
that they must have that agreement in place.
Um, and so the state's,
the state has their agreement in place,
and that is the document of record.
And that's why if there's fault on that,
it results in the default of the,
and revocation the incentive on this site locally.
Okay. I appreciate that.
I, I know we have heard concerns in zoning.
We heard some concerns today,
I'm sure we'll talk about at Planning Commission.
Ottoman Chico, you're talking about
20,000 workers at one point.
My understanding, quantum computing will have a
significantly smaller workforce, 20,000 I know.
Um, but to, to make sure that your community has access
to those jobs, the temporary jobs, the construction jobs,
whatever that looks like, we all wanna make sure
that we're supporting you in that.
I have questions that are more geared towards
how this will come before the Plan commission,
but can we look at the site plan real quick?
Uh, I don't believe that I have a site.
Uh, did that pdf f go
away mean?
You mean the rendering? Yes, sir. I have.
I'll just note that's still preliminary.
I believe it's already changed since then.
You know, they reiterating the site plan, this is,
I understand, I'll speak going into the conceptual.
So this one works for me.
So like, I appreciate where the boundaries are
and where they are not, and
how it excludes the, the Parkland.
And there's our lakefront ordinance.
Noah was telling us this doesn't conflict
with the lakefront ordinance
because there's 300 feet of park space.
Park space is one thing,
but to make sure that the park space is accessible
and meaningful for residence, I, I see a body
of water that feels like it bifurcates the two spaces.
And it, that feels like something
to discuss more in the future.
Understanding the potential
perceived real environmental impacts is something to
probably discuss in the Plan Commission at a later date.
Things I wanna flag now,
so they don't feel surprising when I ask these questions
in, in a month or two months.
So, just wanted to raise that up.
I really appreciate the conversation.
The ordinance, as we're discussing is one I feel
comfortable holding on today.
Thank Don, Ms. Matt. Um, commissioner did, did you want
to make any comments? Comments,
Um, related to, to environmental considerations?
I, I, I think I, you know, I, I think
that you're correct in, in saying that, you know, everything
that was, there are some environmental concerns
that we've heard in comments today.
Um, and, you know, our duty as the city is to make sure
that we are hearing folks right.
Um, so we have also participated in community meetings
and have taken note of those concerns,
and then to work with the development team to make sure
that we address those concerns.
Um, one thing to note related to remediation is that we have
been working in coordination with IEPA.
Um, and there will be, um, some additional information
that will be shared related to
that at the community meeting tonight.
So that is something that we're committed
to as part of this process.
Thank you, commissioner. No other questions?
Um, then afterwards, thank you Chair.
Uh, a lot of my concerns were already
Addressed.
I, um, al Commissioner, so thank you for being here.
Um, as, as someone who represents a,
a lakefront ward, it's,
and also someone who was born in the, in the 10th ward.
The disparity between these two wards are just,
they're so dark.
And so I'm very excited for this to have, um,
actual traction and for you
to have this opportunity in your awards.
Um, I, I'm curious, um,
'cause I'm listening to the, um, public comments also, um,
about the public engagement process that you have had.
And you mentioned a couple things, uh, alderman about, um,
bringing conversations to high schools.
Um, and also that there, there won't be 20,000 jobs,
you know, um,
but, you know, what does the opportunity look like for,
for us to create a jobs pipeline, as someone had mentioned?
And can somebody address that? How, how does that work?
Um,
does, um, the
Developer or wanna talk About that?
Hi, Yana. Garcia related Midwest.
Um, I can speak to the construction jobs, um,
during construction.
Uh, even now, as we're planning for this project,
we end up working with our general contractor
to develop a plan for all the different trades
and how we can start engaging, um,
within the gut with the community.
Uh, we expect in the next couple of weeks
that we will have an opportunity to speak in more detail to,
uh, contractor Fair, uh, for the, this project, uh,
getting started in, uh, in January
and February of next year, um, we have also partnered
with an organization Higher 360, who has already, uh,
started, uh, reaching out to local residents
and community, specifically with kids
for apprenticeship opportunities
and how we can get 'em enrolled into, um, no.
Did you wanna speak to, I I can
Probably speak. Oh, perfect.
Uh, hello everybody. I'm Tom Anderson.
I'm in the mayor's office,
and I've been, uh, the project manager from our team, uh,
working with the Alderman and,
and the community on this project.
Uh, so the, uh, the workforce development
and the jobs pipeline, uh, as well as kind
of the education foundation, uh, that, that leads to that,
uh, longer term pipeline are all things
that we're actively working on right now.
We've been working with the Chicago Quantum Exchange,
which has been around for several years
and has, uh, initiatives around Quantum.
And we're now leveraging the additional resources
that we have from s Quantum, from the state, uh,
from our partners at U Chicago, UIUC, uh, the National Labs,
to really build a strong, uh, framework for that to, um,
to happen in the community.
And, and that looks like, uh, teacher, uh, training programs
so that the teachers are educated on the opportunities in
Quantum and can share that with their students
as direct outreach to the students
to let them know about the opportunities
that they have available in Quantum
and what it looks like to get there.
Uh, and so we're gonna continue building out that,
that ecosystem, uh, and, you know, bring,
or I guess, expand the existing programs that city colleges.
Uh, so really, uh, from CPS all the way through, uh,
college if if necessary for the, um, the type
of work that they're hoping to do.
And then actual employment, we have a support, uh,
supporting ecosystem that surrounds this
campus and, and this project.
Yeah. So you're talking about college
and high school, you making even younger than that?
Yes, a absolutely. Uh, so, uh,
there were elementary principals that were there at, uh,
the meeting with, uh, the alderman.
And just real quick, I'll, I'll let Alderman Chico, uh,
speak to this, but it's, that's part of the reason
that we're having our community engagement meetings.
The last two, or the,
the one tonight in the previous one have been at New Selva
Elementary School, really to help make that,
that connection, uh, physically and,
and work with the, uh, principals directly.
Yeah, as I talked about earlier about our principals
meeting, we had 25 principals,
and most of 'em obviously were, were grammar school,
and we wanna see that type by starving as early.
And what I'm, I'm hopeful of
and most excited about is to have that poster child
who started at one of my neighborhood schools, went
to the high school, went to UYC or UFC, and then came back
and is now working on campus.
That's the goal here. And I know me
and all the rich will share that, that same passion.
So that's, that's the intent
with the last meeting in the future meetings, to create
that pipeline as early as we can to ensure
our students are coming back
and know they have a place for them
to work in their own community on that site.
Thank you for that. I had a, uh,
a reminder of a comment.
Um, someone was concerned about displacement.
I, I've been to the campus, I only visited once,
but it's magnificent.
And, um, the access to the lakefront, it's, it's, uh,
I could, I could see so much potential there
that is such a huge parcel of land is incredible
that it's been vacant for 30 years.
Um, but I, um, I'm,
I'm concerned about this idea of displacing anybody.
Are we displacing anybody by developing this land?
Who wants to answer? So
I, I can speak to this a little bit.
Uh, this is something Yep. Yeah, absolutely.
Tom Anderson from the Mayor's office, uh,
on the business and neighborhood development team.
So yeah, this is, this is a question that has come up in,
uh, our previous community engagement meetings,
and it's something that we're actively working with DPD
and DOH on around the strategies there.
I think a few things that I would highlight is there are
three major projects that are going forward
around affordable housing to, um, create space there for,
for, uh, for, uh, you know,
additional residents in the demand.
Um, so that's one piece that we're working on,
I know related is working on infill housing and,
and kinda strategies around that to, to avoid displacement
and create opportunities for, uh, people to reside there.
And so it is a collective effort across, uh,
our city departments, uh, and the developer team to, um,
and the community certainly to develop effective strategies
to just make sure that, um, uh, as few people, uh, are,
um, displaced as possible and,
and really have that be a focus of this project.
And then, um, the, the idea
that commercial Avenue could be bustling
again, is incredible.
Um, can, uh, there was a, a number that you said there was,
uh, right now it's $40,000 at tax base.
That's, is that right?
That it's gonna go to what No, it's correctly,
currently it's collecting 40,000.
That's correct. The, the development parcel is roughly
encompassing where the site quantum buildings will go is
currently today $40,000, uh, per year.
And then it, the potential is
$140 million over 30 years with
This incident, with This, with, with the place.
Okay.
Um, I, I support this project, uh, which is, well, um,
I think it's an incredible and a very important project,
and I, I understand the sustainability, um, concern.
So, um, I follow you
and others, um, to figure out ways
that we can have those conversations.
But, um, I'm very excited for this project for you.
Thank you. Thank chair
All revision.
I would like to kind of chime in on the,
the concern about displacement in the seventh ward alone,
which, which is to the west, well, which half the, uh,
US six society is in, in the seventh ward of ward alone,
there's over 2000 vacant properties,
including single family homes, lots and, um,
and commercial product.
With this, we feel that's, that's going to be sparked
that the development of those, those will be sparked
by the, the US side.
So we talked about displacing,
we looking at actually the opposite.
We're going to have an opportunity where these parcels
of these properties and parcels have an
opportunity to be developed.
Um, so we are looking at this as a spark to
stabilized developing area.
So thank you.
Thank you. Our next,
uh, thank you chairman.
Um, I wanna thank our, my colleague Alman Chico
for, um, bringing this, this board,
especially the development process.
Um, you know, I'm, I'm always for development
and I'm glad that, um, we are giving them an incentive
to come into the area
because a lot of people are looking away doing business
with the city of Chicago because
they're looking for tax incentives.
Um, can you talk about a little bit about the class A,
um, like the, what are the terms, what are the years
compared to the micro class?
A, uh, normal Class eight, uh, functions
even more similarly to the, the 31 Mall, call 'em normal,
the six Bs and the seven.
So class eight is, uh, 12 years, uh, is able to be extended.
Uh, and it is geographically restricted in the same minute.
Class eight micro is, um,
those are about the only two
similarities between those programs.
But then, yeah, I would, in general,
class eight is much more similar to, to,
uh, is it a renewal?
And sevens, uh, we can, we can both renew,
we can both renew the designation of the area
and we can renew projects within it.
So. Okay. Yes.
So who created this, or who thought about this micro class?
A uh, it was just a collaboration between the, the city
and the county and the assessor's office.
Reason I, a, I asked that
because, you know how, um, society's changing,
we're going more into technological field,
and I'm glad that the assessor actually thought out
of the box because has been there
for over three decades or so.
It's been an incentive that's been in place.
Um, I think if we had this incentive back then,
we probably won't be here prior for this one,
I think there'd be more development of these, um, micros.
Uh, but I'm very supportive of this.
Um, this is something that's gonna, you know,
change the platform
and my colleagues board's gonna bring
development, it's gonna bring housing.
People are gonna wanna move there.
This is a great project and I'm very supportive,
but thank you for sharing with the difference between class,
the two classes, or I, I will say, if this was a great,
it would be great if the city and the county
and the assessor's office could coordinate like we did on
this more often because they were active.
I can't, they, they cannot say enough during this process.
I agree with, agree with you
as a foreign employee from the counter.
Thank you. County, Tim, just to clarify the class.
Eight eight, class eight. Um, Michael rather, yeah.
After 30 years, not, not at all. Okay. Not at all.
I'm done. Thank you. I'll go with Lee.
Thank you chair. Um,
and you know what, I echo a lot of the sentiments
that my colleagues have, uh, expressed already.
Um, Pete, I'm really excited for this opportunity for you
and your ward, and really
moreover, for all of the people of the city of Chicago.
Um, you know, I agree with, uh, with
what Tim said earlier in terms
of this is a once in a generation opportunity, um,
to really turn something around in the city.
Um, with that, I just have a couple of,
uh, a couple of questions.
Um, when do we expect to see, uh, some sort of presentation
to the plan commission about, uh,
I'd ask for the Speak on the timeline.
Yep. Uh, yeah, that's fine.
Tom Anderson, get from Mayor's office.
Uh, so, um, I, I would expect in the next month
or two, um, it'll, it'll be for it to go, uh,
to plan commission for that reputation.
And do we have any other movement on the cryo plant?
Like is there a, is there a company identified for that?
Are we entertaining interests from people at this point?
So, uh, that process is not being run through the city
or through the development team that's being run
through the IQMD,
which is a university related organization, uh, at their,
uh, board of managers meeting, uh, last, last week,
I think they identified a contractor
who would be providing just the cooling,
the equipment itself, like the same way
that appliance manufacturer would,
would, uh, provide appliance.
But IQMP and then related Midwest will be in charge of,
uh, construction of that prior plan.
Um, I asked this question during our briefing,
but we've got a few more people in the room now.
Uh, I, my questions,
and Angela, you might be able to answer this, um,
or somebody, um,
we've talked a lot in this committee about just the power
that it takes for data centers,
and this is, I don't even know what the order
of magnitude is, um, in terms of power needs will be.
Um, you know, uh, when we had our briefing,
I asked specifically if the we're working with ComEd, um,
around, uh, building a substation
or what the, what the projected power needs are going to be.
Uh, 'cause it's gonna be significant.
So does somebody wanna talk about that?
Yeah, we actually have a representative
From commented, I ly Max Lightman with commented.
So we've been involved since the very early stages of, uh,
of the project looking at sites in, in Chicago
to assess the power needs.
So we are, um, currently working towards, um,
planning a, a, a substation that would be built on the site
of the IQMP that would serve, uh, the needs of, of
that research park.
Uh, and, and the, and the 80 80, um,
development more broadly.
So it would, it would be sort
of served directly from the common transmission system.
Um, so it would not, it would not have an effect on, on, uh,
you know, either reliability
or resiliency of the, of the service
to the local neighborhoods.
Um, so we are, you know, we meet weekly with, uh,
with the project team.
That includes site quantum, it includes related Midwest
and, uh, others on the development team.
Um, so we are, we're working towards what the,
what the defined to serve that
Max. Do we have, uh,
a sense of, um, you, you've got capacity
or you'll, you'll be building out additional capacity then,
um, as, as needed?
Yes. So there's already, uh, we're one of the things
that's attractive about that site is that from the legacy
of the, of the United of US Steel Mill that was there,
there's infrastructure that was built in that general area
that we will, uh, you know, we'll,
we'll extend lines from to the case.
Um, I'm gonna move on to a slightly different topic.
Um, I know that what we're voting on today is just giving us
the, the infrastructure essentially to, um, put this, uh,
micro tax, uh, in place so that we can attract, uh,
more development over here.
I, I think that's, uh, that's great.
I think that positions us well.
Um, you know, I, I asked specifically in our briefing too
about, you know, the, the speed which this is moving.
It literally is because it needs to move this quickly.
Um, but in so much as we're,
we're putting the infrastructure in place for these taxes,
um, Tim, can you talk at all about, uh, and,
and maybe for you two, Pete, uh,
and Greg, uh,
are you developing any additional sort
of like rubric in terms of, you know,
when you're considering, uh, awarding a tax, uh,
incentive like this, uh, what some of the requirements are?
I think there's, in so much as there's an opportunity
for groundbreaking work to go on here,
I think on the planning side too, you've got,
we have an opportunity as a city to, um,
ensure the transparency and community engagement on this.
You know, we, we heard a lot of people talking today, um,
about, uh, the needs of the community
and wanting to slow this down.
I don't think this piece of it needs to slow it down.
I think what we're hearing from the community is, uh, and,
and I think, uh, would echo that too, to make sure
that we're ensuring that, uh, all
of the benefits from a huge development like this, uh,
do flow back through the community as well.
Um, so is there, has there been any talk of, you know,
community benefits agreements
or anything like that with, uh, with this,
Uh, I think in general, we've tried to put as much of the,
I mean, you're looking at it compared
to a class six B or Class seven mm-Hmm.
The, the rules and the eligibility for
that are quite broadly lie mm-Hmm.
This would be the opposite.
And just get very tight in about this is
what we're looking for, this is what we're asking.
Um, and I guess in some, some regards, the,
with the an agreement in place,
we're also looking to the state.
'cause they had this agreement in place side,
I think specifically it was a, you know, they had
to create no less than 150 jobs
and invest no less than $300 million total investment.
I think that we anticipate that will mirror it way forward.
That said, I think on the, uh, you know,
projects will continue both on the larger, uh, pd mm-hmm.
Threat plan commission coming up soon, as well
as individual projects within that, those that have, um,
their own individual processes that they have to allow
that presentation, the plan commission for those as well.
So I don't think that there's, as of, with all
of these much larger projects,
the engagement process never really stops. It just, you
Know, no, and I, I love the work you're already doing, uh,
Chico with the, with the schools.
I think that you're,
we're absolutely gonna be creating opportunities for people,
uh, young people to, to learn, uh, new, new skills, uh,
and be trained in this really groundbreaking work,
and then come home to it
and not have to, we're gonna be the, the new Silicon Valley.
That's what I'm gonna say right here.
Um, I, I'm excited to support this.
Thanks for all the hard work, everybody.
There we go.
Curtis,
Thank, thank you Chairman.
Uh, can, can you hear me at all? Can you hear me?
We can. Okay. Thank you.
Uh, I just want to, uh, I had a couple questions have,
have we done any, um, mediation on the grounds yet?
Uh, remediation was originally done on site in 1993,
and it has a no further no further remediation
letter from the IEPA.
Okay. And, and will you be using, uh, utilizing, uh, the,
uh, the entire, what is it, 400 and something acres?
Uh, the initial, the initial plan development is the 128
acre, uh, I-I-I-Q-M-P, uh, which is south
of the slip development.
We're, we're all hoping that development
occurs further after that.
But the only plan, uh, bits right now are the IQMP.
Yeah, this is great.
Um, awesome project.
I, I, it's, it's, uh, very exciting.
I, I ottman Chico, I mean, it's, it is very hard
to get businesses to come, uh,
in Chicago, number one,
and very hard when you are on the borders of Chicago,
especially when you have, uh, a, uh,
a a when you be on a state side as as Indiana.
So, uh, great work.
Uh, I support this project wholeheartedly,
and, uh, congratulations to you, uh, chairman.
I do support this project also. Thank you.
Thank you all. Curtis,
any other questions from members of the committee?
Uh, uh, Tim, um,
almond Mitchell and I introduced an ordinance, um, around
participation, uh, then report me back on an annual basis.
This, these micros phone fall into
that same category as well.
Uh, they wouldn't, they would not fall under that category
because they have, uh, their independent, uh, uh, agreement
with the state of Illinois.
Uh, that said, um, I allow related to say some mortgage,
but I believe that the, the part, the parts
that are directly being controlled by the state, um,
the state related or actively in coordination on, uh,
adopting standards that would mirror
what the city has right now
and then related, can speak to their, their efforts on
what they're doing for the rest of it as
Well. I
Garcia related about, um, I think it's fair to say
that our record speaks for itself.
Over the course of the last 15 plus years.
We have not only met the requirements of the city of Chicago
for participation, but we tend to exceed them.
Um, because at the end of the day, we feel that
as developers
and builders, we have an inherent responsibility to build
with our community and the communities we're building it.
And so ensuring that minority
and women-owned businesses are part of our, uh, building,
uh, and development and design, uh, it is part
of our culture's part of what we do.
So not only will we work with our, uh, Clayco
as our general contractor to, uh, meet
and exceed the 26 6 for the city of Chicago.
Uh, we'll work with, uh,
and we're in conversations, uh, as Tim mentioned
with the IQMP folks to ensure that we're doing
that as well at the state level.
Thank you. I just wanted you guys put it under the record.
I know how related has been.
You guys have done a tremendous job in the city. Yeah.
And not just hitting the 26th and sixth, but exceeding it.
Mine are Know that you guys, guys do any other questions?
Um, Mond Mitchell has made a motion
to recommend pass this item by the same role
because that, that was applied to establish quorum, uh,
hearing No objections sole ordered.
I Strike that please. All in favor say aye. Aye.
Any opposed? I opinion opinion chair.
The ayes have agenda objections
to order Do pass recommendation be reported out in
the next city council meeting?
Thank you. Congratulations.
We have, um, one more item.
Two items, two more items prior to
Ajour at this time.
Um, I stepped out, so I'm asking, sitting next to you
to go ahead and handle these last two items.
Have a meeting that I actually
to thank you myself.
I'm supposed to,
sorry.
I shall make
three of us.
Okay, ladies and gentlemen. Thank you.
Um, item number 40 on the agendas, an ordinance
to support a Class six B tax incentive for property on 46 55
West Arlington Street, Angelette Maxwell, uh,
financial planning analyst for the Department
of Planning and development.
Security consent support of this item will be able, uh,
available for answering any questions
and the development team members are also here.
Good morning, uh, members
of the Committee on Economic Capital
and Technology and Development.
For the record, my name is Antoinette Maxwell,
financial Planning Analyst
and the Department of Planning and Development.
I'm also joined today by Chairman Steve Davis
and, uh, from the will group, who is also the developer
of K-Town Business Centers one and two,
and Angel Spears legal counsel for the will.
I'm here today to request the approval
of an ordinance supporting a Class six B initial property
tax incentive for KTown Business Center.
Two. The development is a, is a new center,
2000 square foot manufacturing facility located
at 46 55 West
Project site is in the 24 board within the North Lawndale
Austin community area,
and all the spot supports the project.
Here we have a area view of the neighborhood context
where the building is located in North Lawndale community.
Property is the red dock, which is, um,
between West fifth Avenue and the vacated Arlington Street.
Project Overview consists of the developer is, um,
constructing a new 72,000 square foot manufacturing facility
as K-Town Business Center two.
And this was vacant land, uh, owned
and developed by, uh, Steve Davis
who purchased the land in January, 2020.
There plans to expand one of the businesses
that is currently housed in the KTown Business Center.
One, it can be Lions View.
The growth is deriving from a contract
to assemble over 10,000 high voltage, um, cap,
cap capita, uh, bank banks as part
of a local assembly unit for Hitachi Energy
and Partnership with the Command Voltage
optimization program, which is an energy saving initiative.
This project is expected to create approximately 80
to a hundred new jobs partnering
with various employment agencies in the North
Lawndale community.
The estimated project costs are 14.3 million
and the project expected to be completed this November
of 2024.
The budget, um, of roughly 14.3 million
and close the purchase price at, uh, 915,000 hard costs
of 8.2 million is soft cost of Berkeley,
4.75 million,
and the projects being funded by 4.2 million
of almost equity and debt in the amount of 10.1 million.
The estimated 12 year tax abatement
and savings to the developer is roughly 2 million, um,
and one and a half million on a net present value basis.
The city's portion is 465,000 approximately.
The total estimated net benefit to all of the tax, tax
and districts is a positive 1.2 million.
And this reflects the positive effects
of bringing a vacant land back into the past forms.
And here we have a, uh,
the slide reflects the current conditions of the exterior
of the building, the new building at 46 50 fives.
This is the picture of the current conditions of the
inside of the building.
And this slide will give just a little bit more information
on the developer's background,
which the will group began in 1986, uh,
with the founder of Mr.
Uh, Steven Davis supplying light fixtures
and ancillary electrical products in the Chicagoland area
and have been the focus on the west side,
particularly North Lawndale.
The company has grown
and expanded into providing a range of products
of services throughout its businesses.
Uh, looks when they have roughly five
or six lines of businesses.
And as a result, the company
employees approximately 120 individuals across the Chicago
Land area and K-Town Business Center.
One, which is a door 60,000 square foot facility,
which opened in 2021 houses.
One of the more organizable projects
that the WILLVILLE has been involved in,
which is the Chicago Smart Lighting Program,
a citywide lighting initiative that replaced over 270,000
existing outdated high pressure.
So light fixtures with new energy efficient lead lights,
and created a modern lighting management system
to streamline maintenance and repairs.
K Town one is also home to adherent a company
that makes prefabricated affordable living homes.
And to recap, DPD is in support of this project
and incentive requests.
The developers approaches the property
for roughly 915,000
and is investing 14 billion in
provided community on a vacant land.
The project expires to create 80
to a hundred jobs over 24 months.
And the tax savings to, um,
to the developer is approximately 2 million, roughly 14%
of their investment expanding the K-Town facility will
position the will group to continue
to play a role in the claim energy future
and will enable the residents
of the North Lawndale community to share the benefits
of claim and energy, jobs and economic development.
And thank you for your favorable
consideration with this request.
I, as well as members of the development team are happy
to answer any of your questions.
Thank you, Mrs. Maxwell.
Did the development team have a, anything additional that?
No, she spoke very eloquently. I'll just keep my mouth shut.
Thank you. Ready? As best something? Yes.
Uh, alright. Uh, we have a letter
of support from Alderwoman.
Scott, do any of the Alder persons have any comments? Then?
Um, Alderwoman, uh, Manina Hoffen makes a motion
to recommend passage to signed in by the same roll call
that was used to establish forum.
All those in favor say aye. Aye. Aye. Uh, no objections.
Uh, do recommend do pass Recommendation.
Were reported out to the next city council.
Thank you. Thank you. All right, moving on
to item number 41 on the agenda.
This is an ordinance to support a Class C tax incentive
for property at 8 0 1 West Belmont Avenue,
8 0 9 West Belmont Avenue, eight 11 West Belmont Avenue,
eight 13 West Belmont Avenues, eight 17 West Belmont Avenue,
eight 19 West Belmont Avenue, 8 29 West Belmont,
31 70 North Park Street, 31 69, north Clark Street,
31 58 North Halstead Street,
and 31 79 North Halstead Street.
Robert Bumpers is the financial planning analyst
for the Department of Planning and Development
who will present in support of the item.
And we'll be able to answer any questions afterwards.
And then we have the members of
the development team as well.
Mrs. Good Morning Chairman.
Uh, and members of the Committee on Economic Capital
and Development for the record, my name is Robert Bumpers,
financial Planning Analyst with the Department
of Planning and Development.
I'm here today to request your approval
of Class C Property Tax
and Center for HSG Belmont Clark, LLC.
I'm also joined here today by Graham Palmer, John McLendon
and San O'Donnell of HSG and their counsel, Jimmy Sarnoff
and Zach Kaz of Sarnoff Property Tax.
Thanks. Uh,
the property is located at 31 79 North Clark Street
with Lakeview Community area in the northward
North planning region.
Alwin Lawson supports the accepted, uh,
property is located on the southeast corner
of Delmont Avenue at Clark Street.
As you can see here. Um,
shown here is the property in its current condition.
The building was completed in August of 2023.
Current condition of the interior,
and this is the floor plan of the building.
Uh, this is the first floor ground floor, if you will.
Fifth Third Bank will have a branch in the building.
And HSC has leased four retail space's,
approximately 10,700 square feet in VCA animal hospital,
um, shown here as a floor plan on the second floor,
which has been leased to Amazon for our fresh grocery floor.
They will also have a small space on the first floor.
Um, HSG purchased the property located at 1 79 North Clark
and 8 0 1 West Belmont on January 29th, 2021
for $11.4 million at the time of purchase.
The property consisted of approximately
36,600 square foot site
with a 19,000 square foot building previously occupied, like
the property had significant undergrad underground
contamination, requiring remediation to satisfy the rule.
Environmental Protection Agency remediation plan
for the subject property.
Demolition remediation
and construction started in July of 2021
and was completed in August, 2023.
The construction and remediation created
250 construction jobs.
Applicant spent approximately $29.9 million to demolish
and remediate the subject property as well
as construct a two story 58,500 square foot building
located on the 36,600 square foot property.
Total project cost was roughly $41.3 million.
With sources being a combination of equity and debt.
Approximately $3 million was spent on
remediation on the property.
Estimated abatement to the applicant would be $2.9 million
with an MPV of 2.1, the city share would be 670,000
with an MPV of roughly half a million dollars
the project created 250 construction jobs is estimated
that fifth third will add four full-time position.
VCA will add 30 full-time and eight part-time
and Amazon will add 150 employees.
Uh, background on the uh, Hubbard Street Group,
the principals have a long history
of completing retail project within the city of Chicago.
Strong and lacking tenants.
Specifically principals have been developers
and operators of properties throughout Chicagoland
for over three five years.
HSG has a, been a good corporate neighbor
and has given to many organizations over the years, such
as Howard Brown, health River, north Clean Streets,
Lakeview Health Services Center on Halstead Federation
of Women's Contractors, greater Food Depository,
and additionally Hubbard Street, uh, plans to continue
to give and be a good corporate neighbor.
Do you have any questions?
Uh, before we do Alman? Thank you. Robert.
Uh, Alman Lawson did provide a letter, this item.
So if either of you have questions for the development team,
which, unless they're gluttons for punishment,
they must be the development team.
Yes, I'm good. Okay. Um, alright.
Uh, alderman, uh, Al Ada, uh, makes a motion
to recommend passage of the item by the same roll call
that was applied to established.
Uh, here. Uh, all in favor say aye. Aye. Aye.
Hearing no objections.
So ordered will be task recommendation reported out at the
next city council meeting and meaning
that there is no further business.
May I have a motion to adur
I'll makes the motions on same roll call, vote slide
to determine forum, uh, since no objections.
So ordered meeting is adjourned. Thank you everybody.
Thank you so.