committee on economic capital, and Technology development
is called to order.
called to order. You will know have, we will now have a
roll call to establish a quorum. Please use the iPads
provided to you and Mark yourself present.
provided to you and Mark yourself. Present note, that your
present response will be deemed a? Yes vote. When this
quote calls.
quote calls used as a reference vote for later. Mr.
Kennedy, please open.
please. Open the vote.
Where's where's this thing at?
It says test body. Is that no? It just popped, okay?
Okay.
The correct.
Thank you.
All right, um, Mr. Kennedy please, uh,
Go ahead and take a verbal. Um,
Verbal head.
Verbal headcount or verbal roll call, rather.
Ottoman Riley. Are you present?
down to
and you can tell the old right now. He's got a role. He's
got uh,
got uh well then you have for him.
Alderman, you have Quorum. Thank you. Ladies and gentlemen,
we have a quorum
Al.
Alderman's uh, uh, Gutierrez amount of hopping worth.
Alderman's uh uh Gutierrez amount of hopping worth mitts
and Alderman, Napolitano requested to participate in
today's meeting.
today's meeting remotely under rule 59, may I get a motion
to allow them to participate,
to allow them to participate remotely
Alderman cardono, motions.
Alderman cardono motions to allow Alderman alderwoman,
Gutierrez man of hopping worth.
Gutierrez man of hoping worth mitts and Alderman, the pilot
channel to participate remotely all
channel to participate remotely. All those in favor, please
say, I any opposed say, nay any opinion.
say, I any opposed say, nay any opinion of the chair, the
eyes have it. Y'all the person's mentioned are permitted to
participate.
to participate remotely? Today, they will be marked as
president on the Quorum call.
president on the Quorum call, Mr. Kennedy please. Um,
yeah, make sure that they're um, on the um,
On present present. Um,
On present present, um, via on remotely via remotely.
I need another cup of coffee.
Can you check? Yeah.
Just say their names.
Alderman, Nepal tunnel. Are you
Alderman. Nepal tunnel. Are you present Nepal? Tunnels
present. Thank you Mr. Chair.
Alderwoman Gutierrez. Are you present? Thank you.
Alderwoman mitts, are you present?
Alderwoman.
Alderwoman Mana. Hoppenworth are you present?
All right. Thank you.
All right, thank you. We do have a quorum for today's
meeting. We did not receive any written public comments at
this time.
this time, we will begin the public comment period, has
anyone signed up for public?
anyone signed up for public comment? All right seeing now
no 1 sign up for public comment.
No 1 sign up for public comment. Uh, we will proceed
No 1. Sign up for public comment. Uh, we will proceed. Um,
With our our first.
With our, our first order of business, which is the
approval of the monthly.
approval of the monthly report. The first order of business
is approval to June 202
is approval to June, 2025, monthly report, which all
members of the committee should have received via
of the committee should have received via the shared Drive.
Are there any questions or comments from committee members
regarding this report?
Right. Seeing none Alderman. Reilly so moves. The
Right seeing none Alderman. Reilly so moves. The passage of
the approval of the 2025 monthly report by the same roll
call vote. That was applied to the term.
call vote. That was applied to the term Quorum uh, hearing
no objections. So ordered
no objections. So, ordered at this, at this time, I'd like
to invite any of the special service area Comm.
to invite any of the special service area Commissioners,
appointees, that are present to come up.
appointees, that are present to come up front uh, to the
table here and take a seat. Uh, if your name is called,
please indicate your presence to be acknowledged. Uh, we
have, um, Michael G Parker.
F.
Anna akini E.
and,
And Adrina Mintz. Gilreath
Kleman and Christy Casey.
Any of these members here, present in person?
any of these members here present in person or remotely on
Zoom,
Present.
Okay, Connie Conn.
Okay. Connie. Connie Coleman is present as well. Thank you.
All right. So um items.
All right. So um items 1 on the 1 items 1 through 5 on the
agenda are appointments.
agenda are appointments and re appointments of the
following special service areas. The following individuals
are being considered before the committee.
Reappointment of Michael J. Parker.
Mola F on convene.
Mola F on convene and can be you and Andre Andrea Mintz.
Gilreath as members of the special service. Aerial number
31, greater
31 greater Ravenswood Commission,
We're also considering the appointment.
We're also considering the appointment of Kanye Coleman as a
member of special service. Aerial number 4,
member of special service. Aerial number 47, 40, 47th
Street in Cottage, Grove commission. We're also considering
the appointment of Christy Casey as a member of the special
service area.
service area number 61 Hyde Park commission at this.
service area number 61 Hyde Park commission at this time.
Mark Roshan Deputy Commissioner from the Department of
planning and development is available to answer any
questions on these appointments.
questions on these appointments and reappointment. I'd
mentioned that the e
mention that the ectd team has confirmed a support or
non-objection for the
non-objection. For the following council members, with the
appointments are reappointed within their respective.
Awards, all woman clay Alderman. Martin,
Awards, all woman, clay Alderman, Martin Alderman, Robinson
Alderman, Taylor and alderman.
Alderman, Taylor and Alderman yansi. If the appointees that
are present, uh, via,
are present, uh, via Zoom would like to make a statement at
this time. Please indicate so by
this time, please indicate so by raising your hand or just
acknowledging that you'd like to make a statement,
Connie Christie.
Oh, thank you so much. I just thank you for the
opportunity. Uh,
and the confidence that the people in in my area have
And the confidence that the people in in my area, have in
me to appoint me for this position.
And that was Christy, correct. That is Christy Casey. Yes,
thank you.
yes, and I'll I'll just say, um, I'm I'm, um, if confirmed,
I'm excited to to get to work on behalf of SSA 47,
I'm excited to to get to work on behalf of SSA 47 and I'm,
I'm very grateful for the support.
I'm very grateful for the support, um, in the confidence
that the commission and and the community have entrusted in
me to serve in this role.
Thank you. Are there any questions from members of the
committee at this time?
All right. Uh, alderman.
Alderman Reilly makes a motion to recommend approval.
Alderman Reilly makes a motion to recommend approval of the
appointment and reappointment by the same roll, call vote.
That was applied to determine Quorum hearing no objection.
So ordered to do pass recommendation of the appointments
and reappoint will be reported out the next city council
meeting appointees. Congratulations.
meeting appointees. Congratulations on your confirmation
and partnership with the city of Chicago. We look forward.
to working with you. Thank you.
Thank you, thank you. Thank you item, 6 on the agenda is a
Thank you, thank you. Thank you item 6 on the agenda is a
class L tax incentive for property at 900 West.
class L tax incentive for property at 900 West Lake, Street
and 200 North Peoria Street. Let the record show. We have
received a substitute of this ordinance and have shared.
The substitute with members may have a motion to accept the
subst.
substitute ordinance for consideration. So moved by
Alderman Cardona. So
Alderman Cardona so moves hearing no objections. So ordered
Elish toughy
ordered Elish toughy coordinated planner for the Department
of planning and development,
of Planning and Development, here to present and supported
this item and will be available to answer.
this item and will be available to answer any questions.
Miss Tuffy. Please begin the presentation. When
Miss Tuffy, please begin the presentation when you are
ready.
Thank you, chairman viegas. Get his comments the project
before you is.
before you is a class cell, within the Fulton Randolph
Market District.
Market District at uh with 920 Lake Street.
Market District at uh with 920 Lake Street owner, LLC as
the applicant alderman.
the applicant Alderman, Bernett is in support. And we have
a letter to that effect d.
letter to that effect. Dated May 7th
The Davidson Rankin building at 900 West Lake. Street is a
contributing building within the Fulton Market Fulton.
Randolph Market Landmark District which was designated in
2015 900
2015. 900 West Lake was originally built in 1888 by the
Davidson ranking company, who manufactured dairy supplies.
Davidson ranking company who manufactured dairy supplies
after extensive fire damage, the structure was.
after extensive fire damage, the structure was rebuilt. Um
the architect of record.
the architect of record for the rebuild is Clarence Styles
and an 1894 Edition was designed by The Firm Styles in
stone.
Later occupied by the Arnold Schwinn company.
later occupied by the Arnold Schwinn company Zimmerman
Brush company and in 1999 the warehouse underwent a
significant renovation when it was converted.
significant renovation when it was converted for
residential use as the Lake Street. Lots, none of those
residential Lofts. However, are currently occup.
residential Lofts. However, are currently occupied.
The.
The exterior, masonry walls of the building street level.
the exterior, masonry walls of the building street level
entrances storefronts and windows on the 2 primary
elevations will be retained and repaired as needed as part
of this rehab project.
of this rehab project 6, over 6 windows on the south east
and west alev
and west elevation which date to the 1999 renovation will
be retain.
be retained and repaired as needed a non-historic.
be retained and repaired as needed. A non-historic CMU
enclosure at the rear gangway, which is outlined in yellow.
Here, will be removed to create new entrances.
Here, will be removed to create new entrances, 1 into the
historic, building and 1 into the
historic, building, and 1 into the newly newly constructed
office building next.
office building next door. At the end of this gangway.
On the roof, all existing pain houses, Mechanicals. And the
On the roof, all existing pain, houses, Mechanicals, and the
roof deck will be removed a new roof membrane.
roof deck will be removed. A new roof. Membrane will be
installed, Mechanicals will be consolidated.
installed, Mechanicals, will be Consolidated on the lease
visible section of the roof and a new stair and elevator
override will be constructed.
On the interior.
On the interior openings along the existing masonry
firewall running.
firewall, running north south through the center of the
building will be enlarged to facilitate building
circulation including at the basement level. Where
underground parking is proposed.
underground parking is proposed existing non-historic
partitions, and finishes will be
partitions and finishes will be removed on all floors. The
north end of the building will house, a new stair, and
elevator core, as well as common.
elevator core, as well as common area lobbies
First floor spaces will be.
First floor spaces will be retail with tenant buildout to
be determined.
the Upper Floor office space will also be
The Upper Floor office space will also be built out by the
tenants new MEP.
tenants new MEP uh mechanical electrical Plumbing. Fire
Protection.
protection and HVAC systems will be installed throughout
the building
To meet the 50 point sustainability requirement.
to meet the 50 point sustainability requirements, the
project will be designed to be both lead silver and well,
health and safety requirements.
The project will be subject to the city's mbew.
The project will be subject to the city's MBE wbe
participation in City residency here.
participation in City residency. Hiring policy establishing
a goal of at least, 26% and 6% MBE wbe.
a goal of at least, 26% and 6% MBE wbe participation and
50% City.
50% City residency hiring.
The total project cost is.
The total project cost is just over 16.6 million. The
applicants must invest at least 50% of the building's
assessed value in class. L eligible, Rehabilitation
expenses to take advantage of the incentive
That minimum.
that minimum investment for this property is
That minimum investment for this property is 1 1, 6, 8, 5,
3, 8.
That minimum investment for this property is 11,685,385.
The applicant will be exceeding.
the applicant will be exceeding, the minimum required, the
minimum required investment by $2 million invest.
minimum required investment by $2 million. Investing a
total of 13.7 million in class.
total of 13.7 million in class L eligible expenses, current
current annual taxes for the property are approximately
annual taxes for the property, are approximately 440,000 a
year.
The estimated total tax abatement to the applicant over.
The estimated total tax abatement to the applicant over the
12 years of the incentive is just over.
12 years of the incentive is just over $9 million, which is
6.7 million.
6.7 million, Net Present Value.
The cities.
The city's share of that is 2 million or 1.5.
The city's share of that is 2 million or 1.5 million Net,
Present Value.
The net.
the net benefit to taxing districts is calculated as
105,664.
And the new annual property taxes.
And the new annual property taxes in year 13 after the
class l.
class L incentive, expires our estimated to be
approximately 1.6 million dollars, which is an increase.
approximately 1.6 million dollars, which is an increase of
921,418.
921,418 from their present property tax rate.
This concludes my presentation.
This concludes my presentation along with myself. I do have
Katie janky Dale with dla Piper, who is um, attorney for
the project?
the project for the applicant as well as represent.
from uh scander Construction.
Thank you. Um, Miss Tuffy are
Thank you. Um, Miss Tuffy. Are there any questions from
members of the committee?
any questions I have a
Any questions I have a question, um as it relates to M and
W. Are there any are there any considerations for veteran
business? Enterprises.
business? Enterprises? Well, we just passed that, uh, last
month. Um, yes, uh, absolutely. I'm happy to have skinder
come. Yeah, love to love. Love to hear from.
come. Yeah. Last time last last day here from skinder as to
what their strategy is to, uh, meet the mwv be goals.
Absolutely. Um, Eric will come up in just a moment, okay.
They'll be shot. Eric. I'm on a
Good morning. My name is, I am a team leader with Scutter
construction. Um, as you're aware, we do need and we are
going to try and maintain the 26 and 6, we are currently
forecasted on the development.
forecasted on the development with about 43% of the awarded
trades.
trades on the job at uh 22% and 10%.
trades on the job at uh 22% and 10% W respectively. So we
are tracking accordingly.
are tracking accordingly, you know below 50% on the award
rate at that point.
rate. At that point we have reached out to the year new
jurisdictions that are applicable. We've made notifications
we've entered in the pla. We're also
notifications, we've entered in the pla we're also taking
into consideration neighborhood groups. Um
into consideration neighborhood groups um as as women in
construction, CEC ET
construction, CEC Etc, at that point, reaching out and
engaging those Community groups as required to make sure
we're engaging the appropriate parties to
achieve the
Achieve the goals that are stipulated for this project. And
and you are going to uh meet the veteran business
Enterprise goals as well, correct?
Enterprise goals as well. Correct. Yes. Okay. Thank you.
All right.
all right, um, I now want to acknowledge um
All right, um, I now want to acknowledge um, Alderman
Bernett for both quorum.
Uh, as well.
Uh, as well as this project is in his Ward. I also want to
acknowledge alderwoman Cruise.
and Alderman Mitchell for, uh, purposes of
And Alderman Mitchell for, uh, purposes of Quorum. Um, vice
mayor Bernett.
Mr. Chairman, thank you very much and thank you, uh,
members of the committee.
of the committee. Uh I want to thank you all for all the
work y'all.
work. Y'all, you all been doing for the city of Chicago for
all these years. Um,
yeah, this project is
Yeah, this project is coming to my ward. Um, I've met with
them. They've committed to working with people.
them. They've committed to working with people in the
community for contracts and jobs.
community for contracts and jobs uh with this expansion and
the 6B. I support this 100%.
and the 6B. I support this 100% And I asked for this
committee support
Thank you, Vice.
Thank you. Vice mayor, uh,
Any any any other question?
Any, any, any other question from members of the committee,
all right, seeing none. May, I have a motion to wreck
all right, seeing none. May, I have a motion to recommend
recommend passive. This substitute ordinance by the same.
roll, call.
that was applied to the steps Quorum Al
That was applied to the establishment. Hearing, no
directions. Or order did do pass recommendation.
directions or order did, do pass. Recommendation will be
reported out the next city council meeting. Thank you.
Item.
Item 7 on. The agenda is a Class 8 tax incentive.
Item 7 on. The agenda is a Class 8 tax incentive for
property at 4,000 uh West diversity Avenue.
property at 4,000, uh, West diversity Avenue, William
Grahams financial planning, analyst for the Department of
planning, and development is here to present in support of
the item and will be available to answer any questions. We
also have members of development team available to answer
any questions. I would ask that the development
any questions, I would ask that the development team, come
to the table as well. Um, with
to the table as well. Um with Mr. Grahams, Mr. Grahams when
you're ready.
I'll be doing testimony. Okay.
Uh, good morning.
Uh, good morning, chairman viegas and members of the
committee on economic capital and techn.
committee on economic capital and Technology development
for the record. My name is Jeffrey.
for the record. My name is Jeffrey Cohen. Deputy
Commissioner with the Department of planning and
development.
Development. I'm also joined today by Billy Graham's
financial planning analyst.
financial planning analyst as well as Katie Jinky Dale from
De Piper. And Sheila, Carol of Nick Point Ventures I'm here
today to
here today to request the approval of an ordinance,
supporting a Class 8 property, tax incentive for the field
Studio to support their businesses.
Studio to support their businesses at 4000, West diversity.
uh, the project was site is located at 4000 West diversity,
which is in the 31st, Ward Avondale, Community area and
which is in the 31st. Ward Avondale, Community area and
Northwest planning region. Uh, we alderman
Northwest planning region. Uh, we Alderman Felix Cardona,
Jr. Has provided a letter of support and is in support.
Jr. Has provided a letter of support and is in support of
this project.
Uh,
Uh here is an aerial view of the site which is located near
the intersection.
the intersection of North Pulaski and West diversity.
And here's an overhead view, showing the neighborhood.
context, and indicating the location of the studios on the
site,
Developer entities are.
Developer entities are KV 4000, diversity, industrial LLC.
Developer entities are KV 4000, diversity industrial, LLC KV
4000, diversity, commercial LLC and KV.
4000, diversity, commercial LLC and KV 4000 diversity,
land, LLC, all of which
land, LLC, all of, which were created by Nick Point
Ventures to carry out this project.
Nick Point Ventures is a New York City based real estate
investment.
investment firm, focusing on catalytic, catalytic driven
opportunities.
opportunities, across a variety of asset classes. The
current they currently have investments in 3 major regions
of the United States. New York, New Jersey, the Midwest,
and South Florida.
with this project, the developer constructed, the city of
Chicago,
Chicago's first purpose-built and largest Film Production
complex, the new campus on Chicago's north side occup
portions of the site of the former warehouse and
distribution center.
distribution center for the Marshall Fields department
store, it includes.
store. It includes 8 large studio soundstages ranging from
12.
12 to 1800 square feet and 5,000 square feet.
12 to 1800 square feet and 5,000 square feet stage and and
a 5,000 square foot stage for commercial shoot.
a 5,000 square foot stage for commercial shoots music
videos and other smaller Productions. Uh, Plus
videos and other smaller Productions. Uh, plus support
space.
the studios were,
The studios were constructed on 2 areas of the complex, uh,
1 set.
1 set is on the north side of diversity to the rear of the
former where
former Warehouse building, and the second group was built
directly across the street.
directly across the street on the south side of diversity.
In addition, the developer, the developer will make
available 5000 Square.
5000 square feet of runnable of runnable, space to local.
tenants on the ground floor, uh, in the building at a
discount.
discounted rate, the reduced rent will be no greater than
80.
80% of comparable Market. Rent rental rates at the time.
Uh, the field Studio broke ground on the fall.
Uh, the field Studio broke ground on the fall in the fall of
2022 and was completed in the spring of 20.
2022 and was completed in the spring of 2024. And uh is
currently uh, filming for their and currently dark matter.
currently uh filming for their and currently dark matter is
filming their second season there.
Uh, the budget for this project was
uh, the budget for this project was approximately 100
million dollars with nearly 69 million in hard costs while
this specific cost.
this specific cost for the project were funded with debt,
it should be noted that this project was only 1 part of the
broader Redevelopment of the entire site, the larger
development included.
development included roughly 68 million of developer and
limited part.
limited partner equity and total approximately 193 million.
The estim.
The estimated 12 year tax savings to the to the applicant,
over the renewal.
over the renewal period is 11 million. 11.7 million.
over the renewal period is 11 million, 11.7 million, or
about 8.7 million on a Net, Present Value basis.
about 8.7 million on a Net, Present Value, basis of which
the city share is approximately 2.7.
the city share is approximately 2.7 or 2 million on the npv
value basis.
uh, the next
Uh, the next slide show, renderings of the field Studio
campus, and the North and South.
campus and the North and South blocks of Studios.
Here is the entrance to.
Here is the entrance to the the main North Side uh
facility.
uh, renderings of 3 of The Sound stages and
Uh, renderings of 3 of The Sound stages and ancillary
support space.
and,
And the remaining 3 stages, uh, and ancillary support.
space.
DVD is.
DVD is in support of this class, 8, incentive for the field
Studio as the, as the first purpose built Film Studio in
the state of Illinois, the field studio will serve as
strong. Catal.
strong, catalytic Catalyst to the growth of the industry in
the city.
Uh, in addition, even with the class, a tax reduction, the
new construction involved with this project will result in
a net, positive impact.
a net positive impact to all the taxing districts.
Finally, the local tenant benefit will provide 5,000 square
feet of ground floor.
feet of ground floor commercial space at a 20% discount to
Market rents at the property and there will also be
additional reporting requirements.
additional reporting requirements for tenants leveraging,
the Illinois Film Production tax.
The Illinois Film Production, tax credit.
Uh, we thank you for your favorable consideration.
Uh, we thank you for your favorable consideration of this
request. I as well as members of the development team are
happy to answer any questions. The kid committee may have
Thank you, Mr. Cohen uh,
Thank you, Mr. Cohen. Uh, also I would like to acknowledge
almond cordona. Who who?
almond cordona who who like to speak and support us uh,
item and has provided a
and has provided a support letter of support, all the
Cardona.
Thank you chairman. Um,
I want to thank.
I want to thank Nikkor Point uh, for investing here in
Evendale.
Evendale especially taking um what used to be the old
Marshall field.
Marshall Fields and Reinventing the building into space. Um
I this project started back in 2019 and it's continuing its
continued to um
To be worked on.
To be worked on and 1 thing. I, you know, I I always, um,
worked hand in hand with them to be considerate of the
neighborhood and especially when the trucks are coming in
and out of the fields. Uh, we designed a
A a strategy along.
A a strategy along George Avenue. So, residents there don't
feel the impact of the trucks coming in and out of what.
Um, the and I mean the trucks because remember the fields
is not just a studio, it also,
is not just a studio. It also holds other other entities
is not just a studio, it also holds other other entities, a
business that do get delivery for trucks.
business that do get delivery for trucks, um, and working
with them and getting it staged. Uh, it basically, um,
worked out that the resident George Street do not
worked out that the resident George Street, do not hear nor
see trucks going through the street at the same time. Um
businesses, I know there.
businesses, I know they're um they're going to redevelop
uh, diversity Avenue.
uh, diversity Avenue, and they, uh, committed to give us 1
uh, diversity Avenue and they, uh, committed to give us 1
space for an incubator for the community. So those who are
interested in a neighborhood who are want to um, start
their business, we could use that space community space.
their business, we could use that space community space or
that space to start off their business for 1 year.
And then see how every year.
And then see how every year a different business would go
in. And, um,
and, um, that that excites me and that also,
and um, that that excites me. And that also brings uh, I
support small business.
support small business because that's what we're all about.
Supporting small businesses and creating small business.
Supporting small businesses and creating small business for
so in your support committee.
so, in your support committee I ask for your support in
this class 8 in
this class, 8 incentive, it's a great thing for Avondale,
it's a great thing for a city of Chicago especially on the
northwest side. Thank you. Thank you.
So much chair. It is.
So much chair. It is a, a great project and I will say to
you, I was
Riding diversity all the way out.
Riding diversity all the way out to Long. Wouldn't it going
past? The fields would never have.
past? The fields would never have imagined. I was going
past that side of a loading dock.
past that side of a loading dock, the traffic management
there.
Really is fantastic. Um,
I had 2.
I had 2 questions.
Pardon, for not.
Pardon, for not understanding is this a new application or
a renewal?
so, this is a
So this is a new application within the class A District.
So this is a new application within the class A District,
or, or classification area, which was renewed. So,
or or classification area, which was renewed. So, this is
a, a new tax incentive, okay.
Kind of figured wanted to ask about.
kind of figured wanted to ask about the um, commercial
spaces because that is
because that is a genuine Community benefit, particularly
given how much
particularly given how much that area is coming up. I was
curious what
curious, what is the duration of the afford?
curious. What is the duration of the affordability and how
is the the market?
is the the market rent? For that area being determined?
so the, the the reduced, the
So the, the the reduced the discounted rent will be through
the the compliance period. So for the full term,
the the compliance period. So for the full term of the
incentive itself. Um, and the market rents are being
determined based on what is existing at the facility.
Currently being actively marketed to other office,
Currently being actively marketed to other office users and
Commercial users
and,
And what what is the the active asked?
And what, what is the the active asked rent their? Uh, I
would defer to the development team but
would defer to the development team, but I do believe it's
somewhere in between 25 and 27.
somewhere in between 25 and 27 dollars, uh, per square
foot.
Um, can you Jinky Dale from daily Viper? Um, currently
we're marketing it. We're seeing about 10 to 12 dollars.
we're marketing at we're seeing about 10 to 12 dollars per
square foot uh for the gross for the retail. Um, and then
it would be discounted from that.
That's not bad, even as it is shoot. Like I
That's not bad even as it is shoot like I would come up in
a bakery, all right. Uh, thank you so much.
a bakery. All right? Uh, thank you so much. No other
questions. Cheer, are there any other questions from?
members of the committee?
All right.
All right, seeing none. May, I have a motion to recommend a
pass of this item.
pass of this item by the same role call that was applied to
establish quorum.
Ottoman Chico so moves hearing no objections. So ordered to
do pass.
do pass recommendation, reported out the next city council
meeting.
Um, I am going to allow uh Mr. Blakemore
Um, I am going to allow uh, Mr. Blakemore you, you guys are
just, you guys are allowed me to do nothing. I'm allowing
Mr. Blake.
Mr. Blakemore to do it.
An opportunity to provide. Let me continue now.
Mr. Blakemore, thank you very much sir. Let us be
respectful to each other now. Absolutely. All right, thank
you.
These SSA us.
These SSA us, what? What is a SSA
They don't know and I asked the young man.
They don't know. And I asked the young man. Mr. Young Mr.
Yung Bae earlier that these people.
Yung Bae earlier that these people show up and he said, no,
they was on zoom. And those is is just
uh,
it's not.
It's not bad. Mr. Edwards is over.
It's not bad. Mr. Edwards is over SSA
and it's a scheme.
and it's a scheme that the ultimate have they put on a
little Neon.
little Neons, a jacket and they supposed to be sweeping up
a little and doing a little security.
little and doing a little security when we have the Chicago
policeman,
Chicago policeman, that's their primary job
and we have,
And we have 3 since insane. So you're not doing me.
and we have 3 since insane. So you're not doing me, it's
it's sickening.
It's sick.
it's sickening you, you ask anybody, but you supposed to
educate the people and they didn't have any respect. I said
to come up here.
to come up here and say no, they was on Zoom 1 lady came
and
And then the reappointment why do you want to be
reappointed?
reappointed again? This is sickening here.
and this is,
And this is an American here.
This is corruption.
This is corruption here.
And and and, and the
And and and and the reason you're silent. And with these
also, with these hats and things,
But these tax incentive, how are you?
But these tax incentive. How are you going to monitor these
programs?
programs to make sure that these people acting over here?
How black people or or how you don't monitor them?
And then everybody.
And then everybody a musical chair. They jumped up.
And then everybody, a musical chair, they jumped up and
then gone over here. So this has stopped and in the devil
stopped until the people and it it embarrassed it. When you
say how many it be easy, black,
say how many it be easy black, let me black people, go be
working on these.
working on this project.
It's, it's sickness.
It.
It is on America and I wish somebody.
It is on America and I wish somebody could come by and get
clean.
clean this thing. Boo. Oh,
it it
I,
I can't believe it.
I can't believe.
I can't believe it so you are not let.
I can't believe it. So you are not letting me speak. No 3
minutes. I'm in child.
minutes. I'm in child, so you don't want to hear that.
That, that baby jump.
That, that baby jumped up and gone over here that.
I know about it.
I know about it, Mr. Edwards and these are over.
I know about it, Mr. Edwards, and these are all this in this
area. And then these are
area, and then these ultimate schemes. But this SSA, we
already got 3%.
We all got.
We're all done. Hold on Neon.
We're all done. Hold on and the Black 1, got a worse.
Thank you. Thank you Mr. Blackmore.
all right, that was our
All right, that was our only speaker at signed up.
since there's no further business, may I have a motion to
adjourn by the same roll call vote. That was applied to the
determined quorum.
determined Quorum on lpat Samus here in your objection. So
ordered the meeting of the committee on economic capital.
Technology development is a Jour. Thank you, everyone.