From.
just,
Thank.
Thank you.
Right. Okay.
September.
so, I have
So script.
so script, and then
So script. And then once he starts talking about,
So script and then once he starts talking about this and
then open it up for any questions.
then open it up for any questions asking.
then open it up for any questions, asking the question
regarding his appointments. And then,
regarding the appointment. And then
regarding the appointment and then start.
So, she wants to sleep.
So she wants to sleep and once that's done, then we go,
yeah.
Yeah, we want 3 kids, are we up? And then the other are we
all set?
Okay.
Just reach out to the other.
just reach out to the other like,
Everything.
you guys go to.
You guys go to your birthday slash? Well, the baby show.
baby show. Okay?
Sounds.
Sounds good. All
Now, that's now that's the fastest. That's right. You guys
have
Now, that's now that's the fastest. That's right.
All right.
Thank you.
You don't have to say.
Goodbye. Sorry. So I do have a is coming in person.
Goodbye. Sorry, so I do have a is coming in person, you
guys
know, if you just
Know if you just graduated from.
I don't know where he's from.
Chaos.
You know, that movie Civil War? Yeah, dude. Nice.
Yeah, it's it's happening right now.
Much, they happen. I
Much they happen. I was the, um,
The.
the uh,
You got a ticket. What do you think?
you got a ticket. What do you think? Don't worry.
Your son.
Hey.
It's like we ask.
just,
But we are, uh, okay.
But we are uh okay who in a rogue baby.
But we are uh okay who in a rogue baby? Yeah, for me.
But we are uh okay who in a rogue baby? Yeah cross.
But we are uh okay. Who in a rogue baby? Yeah, cross the
street. No actually I came from the neighborhood. Yeah.
lucky e.
2 Street.
Fairly quick.
No, 40 minutes stops. That's what
No, 40 minutes.
No, 40 minutes stops that's that's in here. Now I've seen
some people come in so we've had 3 public comments.
Alpha by 11.
My next.
My next story. Listen to
our next story, listen to
it's gonna go poke my
It's gonna go poke my nose and listen, listen.
I am.
Not really for it.
So, just so you know, we had them pulled up.
so, just so you know, we had them, pull the numbers,
53.
60%.
60.
Okay.
okay, I spoke with them, uh,
Okay, I spoke with them. Uh, have a question. No no, no, no,
no. We spoke.
okay, so I just want to make sure that
Okay, so I just want to make sure that yeah, oh you know
what? Um, may want to check. Okay. Um so
what? Um may want to check. Okay. Um so 4,000.
what? Um may want to check. Okay. Um, so 4,000 I have
what? Um may want to check? Okay, um so 4,000, I have 1700
13.
130
13.
we called everybody else, but we have
um,
that are supposed to be here, I have
so, I probably will have
So, I probably will have that if I get to perform and tell.
us should be done by
I don't know why it's back.
Up work.
Not too, man.
Not too man. And then because
Good morning, the meeting of the committ.
Good morning, the meeting of the committee on economic
capital and Technology development is called to order. We
will now have a roll call to establish core and please use
the iPads provided to you and Mark yourself present.
the iPads provided to you and Mark yourself. Present note
that your present response will be will be deemed. Yes,
vote.
Vote, when this Quorum calls used as a reference vote for
later.
Mr. Banas, please open the vote.
hey, Peter, Peter
Peter.
Okay.
Okay, you're gonna go to the next workflow.
Go ahead.
While.
while we're waiting for people to log in, we'll just go
ahead and take a Voice vote and allow you to
log in.
A woman lead.
Other Woman proves.
All the womaness.
Up hop. It worth as well.
Thank you.
Ladd.
ladies and gentlemen, we have a quorum ottoman Mitchell has
requested to participate in today's meeting remotely under
rule 59
rule, 59, may I get a motion to allow them to allow Alder
Alderman Mitchell to participate, remotely Alderman,
Cardona motion to allow Mitchell.
Cardona motion to allow Mitchell to participate. Remotely.
All those in favor, please say, I any opposed say. Nay in
the, in the opinion of the charity eyes have
the, in the opinion of the charity eyes, have it? The other
person mentioned are permitted to participate remotely.
Today, they will be marked present on the Quorum call.
Uh, for today's, uh, meeting, we did not receive any
written.
written public comments.
Um,
At this time, we will begin the public comment period
public comment.
Public comments are limited to 30 minutes out of respect
for everyone's Time. Each speaker.
for everyone's Time. Each speaker is limited to 3 minutes.
Our first speaker is Lou.
Our first speaker is Lou weeks.
I showered.
oh,
Chad.
Sorry.
Good morning, ottoman V members of the committee.
I'm here to share our concerns about a class.
I'm here to share our concerns about a class all tax break,
a proposed for the new hotel development.
a proposed for the new hotel development at 111, West
Monroe,
We?
We understand that the hotel and Retail portions of the
anticip.
anticipated, adaptive reuse of the Harris trust and Sav.
Savings Bank have received approval for a tax tax for class
sale tax incentive from the commission on Chicago.
sale tax incentive from the commission on Chicago landmarks
and are currently seeking approval from the Chicago city
council, the Redevelopment reportedly.
council, the Redevelopment reportedly includes 327 hotel
rooms event.
rooms event and meeting spaces a rooftop Terrace. A
rooms event and meeting spaces. A rooftop Terrace a spa
retail space and other amenities. Shared between the hotel
and residential components.
The city of Chicago.
The city of Chicago has already awarded substantial
financial assistance.
financial assistance to the residential portion of 111,
West Monroe, under the loop, revitalization initiative.
I'm the currently served as the Executive Vice President of
United her Local 1.
and,
And we in our Union. Failed to see how the hospital.
and we in our Union, failed to see how the hospitality
portions of this Redevelopment project will provide
economic benefit to the community.
We're concerned about the.
We're concerned about the city offering additional public
subsidy for the Redevelopment of this.
subsidy for the Redevelopment of this building. And we
asked you to vote, no.
Thank you for your.
Thank you for your time.
Thank you. Um, Mr. Weeks, our next
Thank you. Um, Mr. Weeks. Our next speaker is Jerry.
Levings
good morning.
Good morning. Good morning. Good morning. How is everyone
doing? Excellent. Great.
Although I'm reading is a script, it is a passion.
Although I'm reading is a script, it is a passion and a
concern of mine so I'll read with that in mind.
My name is Geraldine levings.
My name is Geraldine levings, I work as a chef at McCormick
Place in the United Center.
Place in the United Center and I'm a proud member of Unite
Here. Local 1. I worked hard to develop my skills in the
kitchen. I'm a graduate of yuichi. The Unite Here,
Chicago, Hospitality Institute. I received 8
Hospitality Institute. I received 8 weeks of professional
culinary training and career guidance.
culinary training and career guidance so that I could put
my new skills to work its
my new skills to work, it's took my career to the next
level.
Every Hospitality worker deserves.
every Hospitality worker deserves access to the same
opportunities for growth and training that I have.
Unfortunately.
Unfortunately, the developer at 1 111, was Monroe, has not
made.
made any commitment that, good hospitality jobs will
made any commitment that. Good hospitality jobs will result
from the city subsidies.
I hope.
I hope that you will vote no on the class l.
I hope that you will vote no on the class L tax break for
this project. Thank you, thank you.
Our last.
Our last public comment speaker is to
Our last public comment speaker, is Twan Sims.
Thank you.
Good morning, chair.
Good morning. Chairman v. A gas morning, Mr. Simpsons
committee. Um, so on April 16th, I was wrongfully.
committee. Um, so on April 16th I was wrongfully arrested
on June 3rd. Excuse me sir you might want to
on June 3rd. Excuse me, sir. You might want to listen to
this? Um, chairman I'll wait.
you're gonna wait for the chairman to come back then, I'll
You're gonna wait for the chairman to come back, then I'll
speak.
Because I think it's very important that he hear this.
Sergeant sergeant.
Sergeant sergeant-at-arms with sergeant-at-arms.
They got to stop the clock.
Cameron asked me to send the chair, okay?
Mr. Sims, I'm the acting. Chair now. Can you go ahead
please switch.
please? Whichever way, but somebody has to hear this. So we
got to start the clock over also, because it's that 1.
Mr. Mr. Sims please, just go ahead. I'm gonna allow you to
speak. Okay, I think so.
speak. Okay. I think so. Um, chairman not chairman. Um, all
the woman. Kim on April 6th I Believe by the way Lee. Sorry
about
Sorry about that. I was wrongfully. It's not disrespectful.
I just
got a name wrong because I'm going through a
Got a name wrong because I'm going through a lot. Wagging
staff. Okay, I'm good to know your name. It's a hard name
to know.
Taiwan.
Taiwan Mr. How can we go? Here we go. Once again on April 1
6.
16th. I was wrongfully arrested.
The case started April 16th. April 7th. I went
The case started April 16th, April 7th, I went to court on
May 30th where the case was sold. I came back here on June
3rd. I have all the documentation with me if you all would
like it.
but,
but this pattern of abuse and this pattern,
but this pattern of abuse and this pattern that sees me as
some disruptive,
Some.
some angry, some upset individual, but this individual has
been coming here sitting at this podium.
been coming here sitting at this Podium pleading with the
city, government for some type of help.
But you all have showed much. Well, let's say significant
consideration to the new arrival initiative, you all have
went out of your way.
To the point now that we suffer a shortfall.
to the point now that we suffer a shortfall of more than
1.12 billion, that's a soft number to speak on
And y'all going to try to what angle it towards me. Thank
you, chair.
you. Chairman for stepping back in but I see. Hey,
But there's no respect for the constituent here. No
respect. So you shaking your head as if I'm the ISS.
respect. So you shaking your head as if I'm the issue and
I'm coming to appeal to what type of government not 1.
That's considering the constituent not 1, that sees the
people.
So, tell me.
How have you all marked us? How have you all marked?
How have you all marked us? How have you all marked the
Chicago ones? We put the bill we have for the
Chicago ones? We put the bill, we have for the bill and you
look at me while I can staff is if I'm the issue. But I got
to speak to the committee because I'm not speaking to the
singular. I'm speaking to the whole because we the
singular. I'm speaking to the whole because we, the people
said to ourselves look this think tank this
said to ourselves, look this think tank, this body of
people is going to consider us our circumstances.
is going to consider us our circumstances. Our situations.
They're going to take care of us.
because they have a duty to do that as
Because they have a duty to do that as our city officials.
It's our Representatives but still nothing.
and I believe in the Technologies, like
And I believe in the Technologies, like the body camera
that will show you that 1 of the offic.
that will show you that 1 of the officers manufactured
information that had me locked up on
information, that had me locked up on June, the 3rd saying
that I had a continuation to from 6:20 2025, which I knew I
didn't the judge sold the case because
I didn't, the judge sold the case because Burke came down
and preached himself.
And I believe, like I said in the body camera foot.
And I believe, like I said in the body camera footage and
I'm praying that when I come to you as the tech man.
I'm praying that when I come to you, as the tech man that
you all can obtain that through, for you.
so that we can take care of this situation because to have
yourself, dragged around and humiliated for what reason for
simply advocating for myself, as a constituent as an
American
tell me what fault do I
Tell me what fault. Do I have? Because I'm an accepted,
I'mma own up to it. Wholeheartedly tell me if anybody in
this room can tell me.
And I'm sorry.
And I'm Sorry. Miss Lee.
but trust me, I'm I'm
But trust me, I'm I'm being dragged.
And it's not intentional. So it's not a disrespect where I
can stop. It's a mistake but I don't think what's been
taking place is a mistake.
Thank you, Mr. Sims
Our final speaker will be Mr. Blakemore
So, I have to be cloning.
okay, I'll go to
Okay, I'll go to the table then.
To.
Play, who does who's doing?
Play, who does who's doing quality work? Why would you do?
you had a whole month to
You had a whole month to schedule these meetings, okay, the
committee.
committee on economic
capital and techn.
capital and Technology.
Officer.
Officer of the mayor.
Let me.
Let me read this.
Anyway.
Economics.
The economy.
Is now.
Is now June 10th.
19 to June.
19 to June where black men have, uh,
19 to June where black men have. Uh amen and women are
so-called
Should be free.
Go to the.
Go to the ghetto.
and see what kind of
And see what kind of Economic Development and capital.
technology is taking place. What ghetto you speaking about
Mr. Blakemore, the black ghetto.
Go there.
I urge black people.
To.
To tend to your business.
Tend to your own business.
Don't worry.
Don't worry about Economic Development and capital and
Technology.
technology for illegal immigrants. That's what he's done.
Can you your business? You get the jobs.
Can you your business? You get the jobs, good contracts,
and service. And the
and service, and the technology you get
What who does this advocate for?
what, who does this advocate for another people, illegal to
come in and compete with with the black man for
come in and compete, with, with the black man for for
economic the capital technology.
economic the capital technology who does this.
Paul black.
Paul black leadership.
No black leadership.
No black leadership, shake your head. All you want?
All right. Now,
All right. Now you got the you didn't. This is not Taiwan.
This is Mr. Blakemore.
10.
10 year old business, black people. Don't worry about
illegal immigrant.
and,
And Sanctuary, give yourself sanctuary.
Think of your old business.
Business make the world go around. Where is your bank?
where,
Where are your store?
Where your economic?
Where your economic development in in, in the black ghetto?
They are moving illegals in and moving.
They are moving illegals in and moving you out.
Then.
Then you see I just read this agenda. Just looked at this
agenda.
Is something evil here?
Is something evil here. It's something unamerican here.
Is something evil here. It's something unamerican here, The
miseducation of the black man and the black woman.
90.
90 to June, you never have received your reparation.
90 to June, you never have received your reparation or your
freedom.
You.
You still mentally on the plantation? These Hispanic
You still mentally on the plantation. These Hispanic people
advocate for their people, the
advocate for their people to part their people. We don't
Why the question is black people? Why don't we speak to
your business?
That we're in a Cath.
That we're in a Catholic system and the rule, the Golden
Rule.
rule is he who has the gold Rue?
rule is he who has the goal Rule now
Thank you, Mr. Blakemore
That.
that concludes the public comment portion of our meeting.
The first order of business is approval of the May 20.
The first order of business is approval of the May 2025
monthly report, which all members of the committee should
have received.
have received via the shared Drive. Are there any questions
or comment?
or comments from the committee members regarding the
report?
seeing none, may I have a motion to recommend approval of
the May 2025 monthly report by the same roll call vote.
That was applied to determine Quorum ottoman spot. So moves
hearing no objections.
moves hearing no objection. So ordered at this time, I'd
like to invite any of the special service.
invite any of the special service area. Commissioner
appointees that are present to come up front and take a
seat.
If your name is called please,
If your name is called, please indicate your presence uh,
to be acknowledged.
We have Anthony Clark.
All right.
Elena Duran.
Sean Harris.
Virtual. Okay.
Perfect.
The following individuals are being considered before the
committee.
committee appointment of Anthony, Clark is a member of the
special.
special service area. Number 8, Lake View, East commission,
the reappointment of Atlanta Duran as a member of the
special service.
special service area. Number 25, Little Village Commission.
Yes, sir. And finally appointment of Sean, D Harris, as
members of special service area. Number 47,
members of special service area, number 4740, Street and
Cottage Grove,
Cottage Grove Commission.
At this time.
at this time, uh, Ona bait or Pate city planner for the
Department of planning is available to answer any questions
on these appointment reappointment
All right. Are there any questions?
All right. Are there any questions for, uh, Ona?
Members. All right, the ectd committee has confirmed a
support or non-objection from the following council members
with appointments.
with appointments and reappoint within their respective
Awards.
All.
All the women clay Alderman Lawson.
Alderman.
Alderman Robinson, Alderman, Rodriguez.
Alderwoman Scott Alderman, CEO Lopez.
Alderwoman Scott Alderman, CEO Lopez and alderwoman Taylor.
The appointees that are present would like to make a
statement at this time, please.
statement at this time. Please indicate so miss Duran.
Would you like to say a couple of words? Yes, I do. Please.
Uh, uh, in
uh, uh, introduce yourself and proceed with your comments,
my name.
My name is Elena Durand and I'm a longtime resident of Leo.
Village. I be there for like 52 years.
Village. I be there for like 52 years and I'm a business
owner for almost uh, 10 years. It's going to be in August
18, that I opened up my business. So Mexican arts and
crafts and I had been a commissioner since the Inception
and the reason why I'm
And the reason why I'm still there and I'm so landed and
I'm always, I'm 1 of the biggest uh cheerleaders of the
program is that the money is they are collected at the levy
that is uh, set at our, uh, at the people that
that is, uh, set at our, uh, at the people that and the
designated area, you know, I'm always spec.
designated area, you know, I'm always specifying designated
area because we get people.
area because we get people that come to our meetings and
they're like, uh, wait, how come we don't have this and
this, and this. And that I says,
Start at the designated area, right? So I've always, this
is the words that I Kebab right away and that my business
is at 26 streets. And if you want
is at 26 streets and if you want why yabas for Father's Day
for this Sunday?
Day for this Sunday? They are beautiful. Okay.
so, um,
This is a great concept.
of being able to get the
Of being able to get the monies. They are collected. They
go back.
go back to the pro, the program, the projects. They are
designated. What is so great about?
designated. What is so great about it, too. That each
designated. What is so great about it too? That each SSA
decides. Well.
decides? Well, you know, with the uh, of input for a
mothers but
but decides how the monies are going to be utilized,
so it's not a cookie cutter.
So it's not a cookie cutter. Uh, so how in some like, in
our neighborhood?
neighborhood is beautification and the main purpose of an
SSA is to attract people coming into the neighborhood to
shop. That's the main thing.
Nothing.
Nothing else.
nothing else, you know, as much
Nothing else. You know, as much as they try to the, we want
us to do all these other stuff. No, no, no, no, no, no, no,
no.
Here we are doing things.
Here we are doing things for the designated areas.
here we are doing things for the designated areas, so
people have the confidence to come to our neighborhoods to
shop.
and,
And a little village. We have a reputation.
And a little village, we have a reputation that if it's
something bad it's little village.
if it's something great, it's an
if it's something great it's an it feels it, if it's Arts,
you know, culture is Psy if it's a drive.
you know, culture is Psy if it's a drive-by shootings
Little Village even though it's not in the neighborhood.
So, we are.
so we are, you know, it's almost like an
So we are, you know, it's almost like an obsession.
To.
To say that our neighborhood is a wonderful.
To say that our neighborhood is a wonderful example, of a
great community.
great Community with hardworking people.
Families that we've been there for years.
Families that we've been there for years there, uh, that,
you know, we don't want to move this.
know, we don't want to move. This is our neighborhood. This
is our community. So
This is our community. So I, when a Blanca sort of asked me
if I wanted to come and speak, I said you, yes to run. I
want to speak because I want to promote not just
want to speak because I want to promote, not just my you
know, if you watch to Chicago that the, the the, the
documentary was unless year.
documentary was unless year is beautiful. It's about our
neighborhoods. And you, you are City people.
neighborhoods. And you you are City people, we love
Chicago, we love our neighborhoods, not just little
village.
All I love Chicago. I mean, I just I
All I love Chicago. I mean, I just, I I, I lose my breath.
When I see the lakefront.
when I see the lakefront. So we are the stewards.
We are the stores to promote.
We are the stores to promote our wonderful City so that's
why I wanted to be here today.
Thank you, Miss Duran for those comments. We really
appreciate.
appreciate that. Thank you very much. Uh Mr. Sean Harris.
Yeah. Uh, 1 second
Sean Harris.
Recogn.
Recognizes Alderman Rodriguez. Yeah.
And uh, and city council chambers but I just want everyone.
to know that Elena hired me as executive director and last
Chicago.
of the last Chicago. So you have you have heard of blame?
of the last Chicago. So, you have you have heard of blame,
uh, for, uh, my career but as
uh, for uh, my career but as you know, she's an amazing
human being who is a mentor.
human being who is a mentor to me and many others. So thank
you for your service in to thank you. Thank you for your,
you know.
you know, I do.
Thank you, Alderman, Rodriguez. Thank you for listening.
Thank you, Alderman Rodriguez. Thank you for listening to
me know. Thank you, thank you for your presentation.
commend, your work that you do and your works. Thank you.
It's it's
It's, it's, you know, you, we are like in Spanish, we have
a word that says
word that says, we not a a, like, gold coin that we have,
please everybody, but we try it. Our best. Thank you.
All right. Uh Mr.
All right, uh Mr. Phone Harris.
he is on, but
He is on but muted so we'll move forward. Um,
He is on but muted, so we'll move forward. Um, were there
any questions or any of here?
any questions or any of
I'm sorry.
I'm so good.
Sean.
Yes, I'm here. All right. Did you want to make a comment?
Uh, there's no comment. I was invited here for the
induction.
induction of Commissioners.
Okay. Yeah we appreciate you accepting this.
Okay, yeah, we appreciate you accepting this um appointment
and looking forward to working with you.
appointment and looking forward to working with you and the
other, uh, SSA commissioners.
other, uh, SSA Commissioners. As we begin to invest in
these in a corridors and making sure that our city
continues to thrive. So thank you.
continues to thrive. So thank you for your, for your
willingness to serve on the SSA.
Thank you.
May I have a may, I have a motion to recommend approval of
the appointment and reappointment by the same.
the appointment and reappointment by the same roll call
vote. That was applied to the term Court Alderman Alder.
alderwoman hopworth. So moves hearing no objections or
ordered to do pass recommendation the appointments and
reappointment will be reported out at the next city council
meeting.
meeting the appointees. Congratulations on your
confirmation and partnership with the city of Chicago. We
look forward to working with you.
um,
Um, let's let us also add, um, Vice chair Mosley to
um, let's let us also add, um, Vice chair Mosley to the,
uh, to the role as well as, uh, vice mayor Bernett, uh, to
the Quorum call as well.
Uh, ladies and gentlemen, item 4 on the agenda.
Uh, ladies and gentlemen, item 4 on the agenda is an
amendment to the 2025 service provider.
amendment to the 2025 service provider agreement.
And budget special service.
And budget special service are number 34. Uptown, uh, oneta
Is it Pate or Pate Pate? Okay, thank you.
Is it Pate or Pate Pate? Okay. Thank you, Pate city planner
for Department of planning and development is here to
represent in support of the item and it will be available
to answer any.
to answer any questions uh Miss Miss Pate please.
to answer any questions, uh, Miss Miss Pate please. Begin
the presentation when you're ready. And I would also note
that, uh, Alum and Clay Alderman Martin.
that uh, Alum and Clay Alderman, Martin Alderman, M Hopper
have provided letters of support for this item.
Good morning. Good morning. Okay. You can hear me.
Good morning Mr. Chairman, and members of the committee,
I'm
onita paid with the Department of planning and development.
Dpd is request.
Dpd is requesting an amended 2025 service provider.
agreement, and budget for special service area number
agreement, and budget for special service area. Number 34
SSA 34.
SSA 34 is located in the Uptown community area in the 46.
SSA 34 is located in the Uptown community area in the 46th
477 and 48th wards.
Alders clay Martin.
Alders clay Martin and Mana hoppenworth have expressed
their support.
their support or no objection for this proposed amendment.
The amendment will increase the Tif rebate amount.
The amendment will increase the Tif rebate amount from
4,028 to 20.
4,028 to 20221530.
The requested increase is the result of.
The requested increase is the result of a TIF Surplus. The
Surplus will be used to.
Surplus will be used to expand special events, public art
and sidewalk cleaning services within the SSA.
We ask for the committee support and approving, this
amended.
amended budget. I'm sorry. This amended 202.
amended budget. I'm sorry. This amended 2025 service.
Provider agreement and budget for
Provider agreement, and budget for special service area
number 34. Thank you.
Thank you. Uh, Miss P. Are there any questions or comments
from the members of the committee?
All right.
All right, seeing none may, I have a motion to recommend
patch of this item by the same.
patch of this item by the same roll call vote. That was
applied to establish quorum.
applied to establish Quorum Vice chair Mosley so moves here
no objections to order to do pass recommend
here no objections to order to do pass, recommendation will
be reported out the next city council meeting.
item 5 on the agenda is a class L tax and Center for
property at 111 West Monroe Street.
DJ.
Djana. Covelo assistant, commissioner for the Department of
planning and development.
planning and development is here to present and support of
this item and will be available to answer any questions. We
also have members of the development team and available
answer any questions. Miss cavalo when you're prepared,
please begin.
please begin the presentation.
Uh, alderman.
Uh, Alderman Conway has provided a letter of support for
this item.
This 1 is yours, right? Yes, okay.
Thank you. Just
Thank you. Chairman viegas for the record. My name is
Dianna Covelo with.
Dianna Covelo with Department of planning and development
and the ordinance before.
And the ordinance before you is in support of a class sell
property.
property, tax incentive for the Harris, trust, and Sav.
property, tax incentive for the Harris, trust, and Savings
Bank.
The property is located.
The property is located at 111, West Monroe in the 34th
Ward.
Ward Alderman, Conway has provided a letter of support for
the project.
The owner.
Uh, 111 West Monroe, LLC.
Uh, 111 West Monroe, LLC, an affiliate of prime group and
Capri.
Capri interests intends to rehabilitate a portion of the
form.
former bank, as the Monroe Hotel and Residences. The
building is a work in 2 parts. A
building is a work in 2 parts, a 22.
sorry, 20 story brick and
Sorry. 20 story brick and granite classical, Revival style,
building constructed.
building constructed in 1911 and a 23 story.
building constructed in 1911 and a 23 story International
style Edition constructed in 19.
style Edition. Constructed in 1960, the designation of the
building as a Chicago Landmark has been recommended by the
commission on Chicago.
commission on Chicago landmarks and will be reviewed by the
city council.
city council committee on zoning landmarks and building
standards on June 17th.
The class sale application relates to floors.
The class sale application relates to floors, 1 through 11,
and 23 to 24.
and 23 to 24 of the building exterior work includes new.
and 23 to 24 of the building exterior work, includes new,
Roofing and decking and wind guards at the outdoor.
Roofing and decking and wind guards at the outdoor,
Terraces recladding and adding GL.
Terraces recladding and adding glazing to the existing
mechanical penthouse.
mechanical Penthouse, removing brick, infill to restore.
glazed openings cleaning of the metal curtain wall. Framing
of the addition. And installing inter
of the addition and installing interior storms to reach
energy, code standards.
the interior scope of
The interior scope of work, includes converting ground floor
space for a hotel.
space for a hotel lobby, new meeting and event space on the
second floor, approximately 3.
second floor. Approximately 327 guest rooms and Floors 3 to
11.
11 and amenity spaces on the on the top.
11 and amenity spaces on the on the top 2 floors, which
will be shared by the hotel and residential users.
A new.
A new 56 foot by 70 foot interior.
A new 56 foot by 70 foot. Interior Atrium inclosed. Buy a
window wall system will be created within the footprint of
the 1911 building.
The property will be made accessible and upgrades to
mechanical electrical and plumbing.
mechanical electrical and plumbing system will be
installed.
The project will comply with the sustainable policy.
requirements, the class sell improvements are
requirements. The class sell improvements are estimated to
be completed by December, 31st.
be completed by December 31st of 2028. The minimum
investment.
investment required for eligibility, for the class cell is
about 12.8.
about 122.8 million exclusive of other incentives. The
applicant will be spending over.
applicant will be spending over 107 million on qualifying
Rehabilitation EXP.
Rehabilitation expenses. Total project costs for the hotel
component are estimated to be at 15.
component are estimated to be at 159 million
GPD has estimated.
GPD has estimated that the total tax abatement to the
applicant over the 12.
applicant. Over the 12 years of the incentive is 194,
excuse me.
excuse me, 19.4 million net, present value of
excuse me, 19.4 million, net present value of 14.4 million,
the cities, share of that.
the cities share of that tax abatement is estimated at 3.3
million. Net Present Value after the class.
million. Net Present Value after the class sale period. The
property is estimated to generate annual taxes of 4.3
million,
or 2.7 million more than if,
Or 2.7 million more than if the building were not
rehabilitated. It is Aunt.
rehabilitated. It is anticipated that the rehabilitation
project will create 500 construction jobs. And once
occupied
project will create 500 construction jobs and once occupied
278 permanent jobs,
occupied 278 permanent jobs, the commissioner of Chicago
Landmark says reviewed the
Landmark says, reviewed the budget and scope of work and
along with the Department of Planning and Development
recommends approval, thank you.
Thank you.
Are there any questions from the from the, uh, from the
committee members? Vice mayor brunette.
Thank you, Mr. Chairman first
Thank you, Mr. Chairman, first of all, I want to, uh, come
in this developer.
I don't know if he's done anything.
I don't know if he's done anything in my ward, but I know
he's working on a Google site right now.
he's working on a Google site right now and it's a couple
of other buildings.
of other buildings with affordability here in the downtown
area with the
area. With the re-imagined, is this part of that re
area with the re-imagined. Is this part of that re-imagined
is this affordable to Park affordable? Yes it is. It is
part of Los South Street.
part of the South Street reimagine and it's
There's also 345.
there's also 345 apartments that we're building, uh, with
the hotel that
hotel that 30% is Affordable. Fantastic. And
the hotel that 30% is Affordable. Fantastic, and I know
that. So basically, we
that. So basically we kind of help in
1 of our initiatives.
1 of our initiatives because this is part of our the cities
initiative, basically.
cities initiative. Basically, yes it is. Yeah. So um,
So, I appreciate you doing all of this uh Russia.
So, I appreciate you doing all of this. Uh Russia. Um,
I know that.
I know that there was uh, misconceptions of Miss
information in reference to the Google site.
information in reference to the Google site with uh, if
in reference to the Google site with uh with will not the
Google site. Your other was it this development? Something
that came up with they were talking about minority
participation
about minority participation, uh,
um,
No. No, I think there was a question.
no. No. I think there was a question, uh, about uh, 2666
but we we
we we we we we are. Yeah, so find that at 5% but it's Primo
your partner on this. Yes, yes. So you got African
African-American partner. Yes. Right. Okay, we're 50.
African-American partner. Yes. Right. Okay. We're 50/50
part 50 50/50 Partners. All right. Fantastic. So so I know
that you're going to have a diverse construction uh
contractors working on this.
contractors working on this development. Yes we do. It's a
joint venture between McHugh and boa. All right, fantastic.
Yeah. I'm good. I support this 100%. I'm sure you.
Yeah. I'm good. I support this 100%. I'm sure you do Mr.
Vice mayor. Thank you.
Any other questions?
Any other questions from uh, members of the committee?
um,
Who's?
Who's the? You said it was a joint venture between McHugh
and boa. Yes, okay.
Um,
all right, so I've had conversation with
all right. So I've had conversation with um, Alderman
Conway and so what we're going to do um Deanna and Mr.
Rushki is that we're going to go in and pass this out.
Rushki is that we're going to go in and pass this out of
committee.
We know, we hear that. There's a concern between um uh you
not here Local 1 as well as.
not here Local 1 as well as uh the development team. We're
going to pass it out of committee.
going to pass it out of committee uh and allow um your team
as well as
team as well as Unite Here, just have a further discussion.
Uh, and then we,
and then we will proceed, uh, and see if something can
happen before the city.
happen before the city council. Yes, uh, chairman and I
just just,
just just to update the committee. Um, you know, we we've
all of our hotels that we've developed over the last 2
decades here,
decades here downtown. We all have a collective bargaining
agreement with Unite Here and I think we enjoy a very good
working.
working relationship with the Union. Uh, probably 1 of the
best.
best in terms of the fused amount of grievances over the
last 20 years. Um, and and we've, we've signed a car check
neutrality agreement for this project. Uh, I signed it
yesterday, uh, the and
yesterday. Uh, the and the union Representatives asked to
make a couple of last minute changes last night, but I was
not available.
not available but we'll work it out this afternoon. I
appreciate it, but but the, the there won't be any issue
with you.
Unite Here. We we have
Good relationship with him, Mr.
Good relationship with him. He's a rescue and during our
conversation in the pre meeting you had mentioned that
you're 1 of the first uh Hotel providers to to sign up uh
and become organized. Is that, is that accurate? Well um,
back in 2008, um, when we developed the JW,
back in 2008, um, when we developed the JW Marriott on LEL
Street, uh, Marriott
Street, uh Marriott had never had a collective bargaining
agreement. And
agreement and we were able to convince Bill Marriott and
his team to uh to sign a car. Check neutrality. Uh that was
almost what 18 years ago and it was the first Union.
almost what 18 years ago and it was the first Union uh
hotel that was managed and operated by Marriott. Um,
so,
so that was back when Henry Tamarind was running and uh so
I always tease Karen Kent that uh, where's my
so I always tease Karen, Kent that uh, where's my statute?
And and and the lobby uh, for bringing
And and and the lobby uh for bringing Marriott uh, to the
fold perfect. Thank you.
the fold. Perfect. Thank you. Well, uh, we'll we'll have
further discussions, uh, and continued dialogue, uh, to get
to a favorable.
to a favorable resolution so that we can report this out.
Thank you, Mr. Rashi. Thank you, Diana for presentation.
Yeah, thank you. Thank you very much. All right, uh, may, I
have a motion to recommend passes items. Oh, I'm sorry.
uh,
Uh, was that Alderman? Mitchell Wright almond Mitchell.
All right, thanks Jamie. Um, I I I heard what the vice
mayor was saying. I I would like some
was saying I I would like some clarity. What project was he
was he was the developer referring to when he said when he
talked about there was a joint venture between boy,
talked about there was a joint venture between boy and, um,
wheel and W knew what project?
wheel and W knew what project is that.
That's the current project we're speaking.
That's the current project, we're speaking of right now. Uh
it it was McHugh and I'm sorry Miku. So okay. Um because
you guys remember I I had some questions regarding when it
was in finance about the MB participation. Um so
jug in just so,
Jug in just so I can not clear. We, there's 2 different
projects that that you're working on. So what's the, what's
the
what's the, what's the, what's the
what's the contractor to make a
What's the contractor to make a a both of those from a from
a JV? Or a, a
from a JV, or a, a, a GC perspective. But separate the 2.
projects so I can have clarity.
Are you referring to uh uh the LEL Hotel?
are you referring to, uh, uh, the LEL hotel and the LEL
residences at 208, which is a second in LEL street that we
have not award.
have not awarded, uh, the general contractor yet.
probably 1 of the participants will be. We on Neil because
they were the general contractor.
they were the general contractor for the Lal Hotel 2 years
which opened a couple of years.
which opened a couple of years ago. So it makes sense for
them to continue.
and when we haven't, uh, formed a
and when we haven't uh, formed a, a JV on that project yet
that's probably a month or 2 behind.
that's probably a month or 2 behind 111, West Monroe, which
is the project we're speaking about.
is the project we're speaking about today that project we
just awarded to McHugh and boa as the general contractor.
Okay? Okay, good. All right.
Okay. Okay, good. All right. Um, okay. Thank you, Sharon.
Thank you.
you, Sharon. Thank you Alderman. Mitchell.
Well, uh, Mr. Rushki, I appreciate, um, again your
investment in the city of Chicago, um, we definitely need
to make sure that we're
um, to repurposing the sum of the VAC,
um, to repurposing the sum of the vacant commercials so we
can keep uh, downtown vibrant. We appreciate your
investment and Google's well,
investment and Google as well. Um, and just continue
investing, we appreciate that. Thank you, chairman. I love
the city as well. Thank you. All right. Uh, any other
questions from mem?
questions from members?
all right, may I have a motion to
All right, may I have a motion to recommend passing this
item by the same roll call vote, they'll apply
item by the same roll call vote. They'll apply to establish
Quorum Vice chair. Vice chair Mosley
Quorum Vice chair, Vice chair Mosley. So moves here, you
know, Jackson so ordered the do pass Rec
know, Jackson so ordered the do pass recommendation, uh,
will be
um,
Um, there's no strike that hearing no objection, so ordered,
thank you.
Thank you.
item 6 on the
Item 6 on the agenda is a class 6B tax incentive and
Redevelopment.
Redevelopment agreement with the 1300 North Branch LLC.
Redevelopment agreement with the 1300 North Branch LLC for
property at 1300 North North Branch.
uh, Robert bumpers financial planning an analyst for the
Department of planning and development is here to present
in support of this item and will be available to answer any
questions. We also have members of the development team.
questions. We also have members of the development team
available to answer any questions. Mr. Bumper please begin
the presentation.
the presentation when you are ready.
and also, if
And also if you're the development team can uh introduce
themselves as well.
Um, I'm Mark.
Um, I'm Mark Rogers from list and an santis attorney for
the developer.
I'm Matt, excuse me, I'm Adam terter from
I'm Matt, excuse me, I'm Adam terter, from LBA Logistics,
the owner of the property.
Thank you. Um, good morning, chairman V and members of the
committee.
committee for the record. My name is Robert bumpers
financial planning analyst for the Department.
financial planning analyst for the Department of planning
and development. And I'm here to request your approval of
an initial 6B property tax.
an initial 6B property tax incentive for 1300 North North
Branch.
The property is located at 13.
The property is located at 1300 North. North Branch Street
within the near.
within the near North Side Community area and the 27th
Ward, this is the central planning region, vice mayor,
Bernett,
Bernett supports the incentive.
Propert.
Property is located between North Branch and the Chicago.
Property is located between North Branch and the Chicago
North Branch of the Chicago River and North North Branch
Street.
Street on Goose Island shown here.
This is the current.
This is the current exterior of the building.
Elevations.
Interior.
Uh, 1300 North North Branch will.
Uh 1300 North, North Branch will rehabilitate and
reposition this vacant 93.
reposition this. Vacant 93,000 square foot facility along
the North Branch of the Chicago River.
the North Branch of the Chicago River for future user
formerly. It was used by William Wrigley Jr. Company as
office research and development as well as warehouse space,
the property is currently.
space, the property is currently unleash due to these
highly specific.
highly specific modifications. The space is currently
configured as a food science facility, but the applicant
plans to
plans, to convert the facility into a more generalized
Warehouse or manufacturing facility to appeal to a wider
user.
user set, the project is expected to commence late.
and targeted for completion.
and targeted for completion early next year.
The project will cost roughly 31.5 million.
The project will cost roughly 31.5 million and will be
funded via equity and debt.
funded via equity and debt improvements to the 48-year-old,
building will include Dem
Building will include demolition of interior walls
modernization of lighting.
modernization of lighting, HVAC systems upgrades to
Plumbing
Roofing, fire protection electoral inter.
Roofing, fire protection, electoral interior, and exterior.
Paint again this property right.
Paint. Again, this property right now is 100% vacant and is
currently being marketed.
currently being marketed by CBRE.
The estimated abatement?
The estimated abatement of the applicant will be 4.6
million. This will have an npv of 3.4 City. Share is
million. This will have an npv of 3.4. City share is 1
million with an npv of 790.
million with an npv of 790,000.
The project is.
The project is estimated to create 25 to 30 permanent jobs
upon completion. 35 construction jobs will be created.
upon completion. 35 construction jobs will be created in
the developer again as investing over 31 million,
the developer again, as investing over 31 million to
rehabilitate the, um,
uh, property.
Uh, property. Uh, the incentive is critical for attracting
tenants to the industrial properties here in city and Cook
County.
And again the taxes, uh, benefit.
And again, the taxes, uh, benefit to the applicants
um,
Um, are there any questions?
Thank you. Um, Mr. Bumpers
um,
I'd like to uh, first recognized
I'd like to, uh, first recognized Alderman wspc, um, vice
mayor Bern.
mayor Bernett who like to speak and support and speak in
support of this item.
Yeah. Thank you, Mr. Chairman, first of all, Mr. Chairman,
um,
The, uh, they had asked me to get on another committee.
And I chose this 1, right.
And I chose this 1, right? And that's why I come here
thinking, I'm on the committee.
thinking, I'm on the committee, but I guess they didn't put
it together yet. You know, I told them.
it together yet. You know, I told them, I need another
committee. Like I need a hole in my head but I said if
take 1, I I said, if I take 1, I would take this
take 1, I I said if I take 1, I would take this committee
so they haven't. I guess they haven't put it.
so they haven't. I guess they haven't put it together yet.
So so that's why, you know.
So, so that's why, you know, so, so anyway, welcome you
with open arms.
with open arms Mr. Smith so thank you, Mr. Chairman, um, so
yeah, this this organization came to see me
so yeah, this this organization came to see me um,
And, and we talked.
and and we talked, um, I encourage them to uh, talked to
uh, some minority contractors in my ward and people to work
in the ward and they agreed to doing that.
in the ward and they agreed to doing that, we support this.
We think it's a good deal.
Thank you. Thank you. Uh, vice mayor.
Thank you. Thank you. Uh, vice mayor bear. Nice. Nice
mayor. Bernett almond. Walk us back.
Thanks chairman and, uh, thanks Alderman, Bernett. Um,
Thanks chairman and uh, thanks Alderman, Bernett. Um, I I
do support this. I just want to know. If you could speak
more to the specific generalized modifications that you're
doing.
doing um to bring down the
doing um, to bring down the uh, specialized
uh, things that you have in there and more more to the point
than just HVAC plumbing and painting and Roofing. But if
you're um, if you're bringing
you're um if you're bringing that down to where you can uh,
lease the
uh, lease the space out, what types of more specific things
are you doing? Because I have a couple other buildings like
this as well. And I'm just kind of curious to see what you
have to do, and then,
have to do. And then who,
you're trying to Target their
You're trying to Target their sure. Uh, maybe I'll start by
answering your last question first.
answering your last question. First, we are trying to make
this building the most appealing to the
this building, the most appealing to the widest array of
potential users. The way that we
potential users, the way that we purchased it from Mars
thinking that there was a long-term, uh, perspective in
their occup.
their occupancy of this property. It was basically built to
suit for them, uh, as a food, production and research.
facility, it was highly demise there had to have been about
15 different rooms within the property and it was all run
with a central plant that was
with a central plant. That was it looked like the, the
belly of a
of a a cruise ship which is just not a way that an
industrial.
industrial user would be able to reutilization. So,
essentially all of that infrastructure,
essentially all of that infrastructure had to be removed
and it had to be converted back to a utilitarian industrial
buildings.
buildings so that any user could see from 1 side of the
facility.
facility to the other. Okay, yeah, that, um,
This used to be 30 second ward. So I remember when they used
to do a lot of stuff in that area, it was not only high
tech but it was high security. You weren't allowed to go on
the property without um, you know, proper authorization.
Uh, no vehicles in their stuff like that because of the
sensitivity to the um, type of research they were doing on
food production there. Um,
food production there, um, in particular, like gums and
things like that. So, um, anyway, thank you for that
response and I also,
response. And I also support this uh, chairman and if
there's no other
if there's no other questions moved to pass,
Thank you all to wag.
Thank you all to Waggles back. Are there any other
questions by committee members?
All right, hear? No further questions.
All right, hear no further questions. Uh, I'll renew the
motion from ottoman.
motion from ottoman waguespack recommends, the passages of
this item by the same role call that was established. Apply
to established corn. Uh, hearing no objections. So ordered
Uh, the due pass.
Uh, the due pass recommendation were reported out at the
next city council.
next city council meeting. Uh, next up item 7 on the
next city council meeting. Uh, next up item, 7 on the
agenda. Thank you, thank you.
You.
You want?
There you go.
Thank you, Vice chair.
Um, item 7 on. The agenda is a class.
Um item 7 on the agenda is a class 6B. Tax incentive for
property generally.
property generally located at 4300 West Roosevelt Road and
accompanying.
accompanying Redevelopment agreement, Beth Maguire economic
Development coordinator for the Department of planning, and
development is here to present.
development is here to present and supported. This item
will be available to answer any questions. We also have
members of the development team available to answer any
questions.
questions Miss McGuire. Please begin the presentation when
you're ready. Uh I'd like to also uh note for the record
you're ready. Uh, I'd like to also uh note for the record
that Al Alderman. Scott has provided a letter of support
for this item. And if you could introduce any of the
Developers,
developers that are here today,
I'm not sure what that's plugged into.
I'm not sure what that's plugged into I yeah, no, no, no.
This kind of can
kind of can write.
Hey, good morning.
Hey, good morning, Cher. Viegas and members of the
committee and economic capital, and Technology development.
For the record. My name is
for the record. My name is Beth Maguire project manager in
the department of planning and development.
I'm here today to request your approval of a class 6B
property tax incentive to support the Roosevelt.
property tax incentive to support the Roosevelt Costner
development project, led by 43.
development project, led by 4300 Roosevelt LLC.
with me today, is
With me today is also AJ patent, a member of the
development team.
The project will develop 21 Acres of city-owned.
The project will develop 21 Acres of city-owned vacant land
with approximately 360.
with approximately 360,000 square feet of industrial space
and 10,000 square.
and 10,000 square feet of space for use by Community Based
organizations.
organizations, as well as the sale and write down of
city-owned property. The project was previously awarded 8
million dollars in Tiff.
million dollars in Tif funding in December of 2022.
The subject property is located.
The subject property is located at 4300 West Roosevelt Road
and 530.
Road, and 5301 West 5th Avenue within the 24th Ward.
Road, and 5301 West 5th Avenue within the 24th. Ward, North
Lawndale community area, the Roosevelt Cicero,
North Lawndale community area, the Roosevelt Cicero, TIF
district in West planning region. Alderman, Scott,
supports the project.
Here is a closer look at the site.
here is a closer look at the site within the North Londale
Community, the 21 acre
Community. The 21 Acre Site is bounded by 5th Avenue to the
north.
North kilder Avenue to the East Roosevelt Road, to the
South and Kostner Avenue to the West.
The site is most.
The site is most notable for operations. Silver shovel. That
began in the late, 19.
began in the late 1980s after construction. Debris was
illegally.
illegally dumped on the property.
In the aftermath of.
In the aftermath of that, the city acquired the property in
1996. And although there have been a number of
Redevelopment proposals
proposals, it has remained vacant since that time
Industrial plan development.
industrial plan development sites, were created in 2016 AC
across the city, and in September 2020.
the planning department released a request for proposals
for the
for this property.
The result of that process.
the result of that process and the related Community
engagement effort was the selection of The Proposal from
4,300 Roosevelt LL.
4,300 Roosevelt LLC.
that would
That would develop the property with both industrial and
community-based uses. The 2 sites are bisected by the C.
community-based uses. The 2 sites are bisected by the CSX
railroad altenheim line, which has been understood.
railroad altenheim line, which has been understudied to be
converted to a recreational trail.
The applicant 4,300.
The applicant 4,300 Roosevelt LLC is a partnership between
The applicant 4,300 Roosevelt. LLC is a partnership between
4 firms related, to Midwest crg.
4 firms related, Midwest, crg, LLC and 548 development.
4 firms related, Midwest crg, LLC and 548 development. They
together form, the general partner entity that owns
together form, the general partner, entity that owns, 10%
of the project, the remaining 90%,
the project. The remaining 90% ownership is owned by New
York, Life Insurance.
4.
4300 Roosevelt LLC is Seeking a class 6B propert.
4300 Roosevelt LLC is Seeking a class 6B property tax
incentive to support the Redevelopment of the site and
secure a competitive marketing position for future
industrial tenants.
Total tax savings for both. Industrial sites is estimated
to be 7.7 million and the total taxes generated.
to be 7.7 million and the total taxes generated will be 6.5
million over the 12 year incentive period. The total
project cost.
project cost is 71.3 million and work.
project cost is 71.3 million and work is slated to begin in
September 20.
September, 2025 of the 7 1. 3.
September, 2025 of the 71.3% dollars has been allocated
for.
environmental cleanup in engineered barriers.
This project.
This project is scheduled to be completed in September
2027.
The project.
The project will be financed by mixture of equity, debt
into Fun.
funding with BMO, providing the senior loan, the
funding with BMO. Providing the senior loan, the loan will
also Bridge, the 8 million dollars into funding.
also Bridge. The 8 million dollars into funding along with
the industrial properties and community.
the industrial properties and community centers, the
product will also deliver ample green.
product will also deliver ample Green Space and Community
Fitness amenities allowing local.
Fitness amenities allowing local community residents to
engage with the site.
These.
These Fitness amenities include calisthenic areas.
training a Fitness trail that runs the length of the site.
training a Fitness trail. That runs the length of the site
and thoughtful Landscaping.
Here is a proposed exterior, rendering of the project.
Here is a proposed exterior. Rendering of the project site.
Looking North from Roosevelt Road. Showing the 2 community
centers.
In the foreground.
In the foreground, along with the green space, in the
background are the 2.
background are the 2 industrial properties.
This is a closer look at the proposed rendering of the
community center at the northeast corner of Roosevelt and
Kostner.
The community center for the new.
The community center for the New Covenant CDC.
Sorry, there's another 1.
Sorry, there's another 1 the community center for the new
covenants CDC.
Covenant CDC has a similar design and will be located at
the northwest.
the northwest corner of roosavelt in cair.
Both.
Both community centers will be dated to both groups of
completion.
Here's a rendering.
For.
for a closer look at the green space, that will be between
the community centers, along Roosevelt Road. This space is
open.
open for local community use.
based on comparable properties built within the last 10
years, within the city, it is estimated that at completion
both.
both industrial properties, would generate 14.2.
Both industrial properties would generate 14.2 million over
12 years without the incentive.
over 12 years without the incentive. The total tax
abatement over. The incentive term is estim.
over, the incentive term is estimated to be 7.7 million but
the site has
but the site has been vacant for over 30 years generating
no property.
generating, no property, tax revenue after the incentive,
the sites,
the sites will generate approximately 6.5 million within
that benefit to the city of 1.5 million over the incentive
period.
Given its history. The development of this.
Given its history. The development of this site would be
catalytic indicating to the developers and community.
alike. The development is possible even on sites with
The development is possible, even on sites with a storied
past for those reasons, the planning.
past for those reasons. The planning department is
supportive of the proposed Classics B.
supportive of the proposed Classics, B property, tax,
incentive once complete. The project is proposed. It will
return the site to the job generating.
return the site to the job, generating use and provide
employment for Westside residents. 2, new community centers
in open Green, Space for local.
in open Green Space for local residents.
I'd like to thank the committee for your favorable
consideration of this.
consideration of this request. And I'm joined today, as I
said by
said, by AJ patent from 548 representing the development.
team and we're happy to answer any questions. You may have.
Thank you. Thank you, Miss McGuire. Are there any
questions?
from members of the committee?
Uh,
uh, Beth Could you, um,
Break down a little bit more of that.
Break down a little bit more of that, soft cost of 15
million. What, what is that?
million. What? What is that entail?
Uh, sure, let me go back to
Uh, sure. Let me go back to the slide.
okay, the soft costs are things like our
Okay, the soft costs are things like architectural and
engineering design. Um,
engineering design. Um studies traffic studies and I'll let
Mr. Patent elaborate a little bit more Mr patent. Yeah. So
I think most of that is uh, the pre
I think most of that is uh the pre environmental efforts as
you guys know this.
as you guys know. This is something that has had over 2
Decades of environmental issues. This is old Mount Henry,
if you remember. And so this has come with a significant.
if you remember. And so this has come with a significant
uh, environmental work that we've had to get done got
Thank you. I anticipate.
that a lot of
That a lot of that soft cost would be, uh, around
remediation of that.
of that so given the the history of of that site.
uh,
Auburn Mitch.
Auburn Mitchell. I
okay, I can't see if his hands up or not any other.
Okay, I can't see if his hands up or not any other
questions from members of the committee, uh, Alderman. Lee.
thank you chair. Uh, not a question, just more of a
comment. Um,
This looks like an amazing project. Um,
This looks like an amazing project um happy to support it.
Uh looks like a a great way to
Uh looks like a, a great way to uh make good use of empty
land and uh agree wholeheartedly. This looks like it's
going to be an amazing, uh, catalytic. Um,
Anchor.
Anchor in that community. So you're hearing a little bit of
jealousy. I wish I had space to put up community centers in
the facilities like this in my award. Good luck to you.
Mr. Chair. If I 1 Thing,
Mr. Chair. If I 1 thing that we did leave out that is
important. The state just awarded this site. The highest
grade for Community solar so that solar that's on the roof
there. That's pictured. Will power 500 homes on the west
side at a?
side at a 50% discount to come Ed. So there's another
additional value that we're adding uh with our partners at
548.
548 energy. Awesome. I'm really proud of this thing.
All right, all right.
All right, all right seeing. No other questions from members
of the committee.
members of the committee, may I have a motion to recommend
to pass this item by the same roll call.
to pass this item by the same roll call vote. There was a
applied to establish Quorum Aliso.
applied to establish Quorum Aliso moves here near Jackson.
So ordered to do pass recommendation, we reported out at
the next city council meeting.
Thank you.
Thank you, and congratulations. Uh, since there's no
further business, may I have a motion
business may I have a motion to adjourn by the same roll.
Call was applied to the term quorum.
Call was applied to the term, Quorum Vice chair Mosley.
Makes that motion here, no objection show ordered
Makes that motion here. No objection show, ordered the
meeting of the committee on economic calendar. Technology
development is a Jour. Thank you, everyone. Thank you.