Alright, good afternoon, everyone.
Good.
Good afternoon.
The.
Let me.
The meeting of the committee on economic capital technology
developments call to order. We will not have a roll call to
establish Quorum. Please note that your present response
will be deemed a. Yes, vote. When the squirrel calls used
as a reference boat for later, Miss Munoz, please call the
Rome.
Turn.
German Villegas vice-chair Mosley.
Alderman laspada.
I'll
Alderman. Paul Alderman Mitchell.
Alderman, Chico.
Other Woman lead.
I'll
Older woman with the address.
I'll
Alderman Lopez.
Older woman Tavares.
Alderwoman Cruz.
all the
Alderman, Cardona.
All the
Alderman waguespack.
Older woman mix.
Alderman Napolitano.
Alderman. Reilly
Older.
Alderman. Manhattan worth.
We?
We have nine members present. Thank you. I've been informed
that there are no individual. Did I sign up for public
comment within the applicable. Provisions of the
sergeant-at-arms. Also we have received 01 comments about
the following at the following items would need to be
deferred pending additional automatic review and support. I
don't never one appointment of Alejandra for SSA. Number 3,
Southwest business growth area commission, item number to
appointment of swelling G, Hertz at the state of 42 71st
Street. Stony Island commission, may have a motion to defer
these out of steam, roll call vote as a reply to Cheryl
Corum vice-chairman.
Order me.
Alderman Lopez.
Thank.
Thank you, German. Why does number one has to be deferred.
I'm the number one has been is being deferred because one
of your colleagues at the part of the SSA has not approved
of the of the appointment does far. Who's there 16th? Ward
alderman. Stephanie Coleman. Thank you. Thank you.
I had.
I had a vice chairman mostly made a motion to the phrase out
of the same roll call vote. And so the flight requirements
are no objections to ordered a item. Three on the agenda is
a substitute ordinance.
One.
One second. Yes Man.
No.
No ma'am. You had your hand raised.
You had your arm brace.
She?
yes, she
Yes, she is. She's she's here. Absolutely, she can make a
comment. Yes.
But while we're waiting for her to sign up, I do want to
acknowledge Alderman, David Moore Alderman, Andre Vasquez
and Alderman, Ervin, their present in the committee.
While we're waiting for her comment.
I do.
I don't three on the agenda is cos a substitute ordinance
to prove the issuance of a class 6B tax incentive for
property. Located at 1951 West Hastings in the 28th, would
let me have a motion to approve. The substitute almond
laspada Subs.
Sub city ordinances before us prior to that would wait for
this constituent to give public testimony.
We?
We have funny pool.
I'm
Any pool, please step to the mic to make your comment?
You.
Do I?
You have three minutes before?
Thank.
Thank you. My name is Bonnie pool.
I'm
and,
An 82 years old.
I put.
I put myself through college. My children through college.
My husband died at 79. I never remarried.
because,
Because I knew me, I didn't want nobody. Put their hands on
my children. I had two girls.
I have a mortgage fraud case. They have been trying to take
my property.
Send.
Since 2005 and is right behind one another and I got papers
to prove everything I'm saying, I got the checks.
What?
What Chase Bank? Let somebody working with the gentleman
The cosign for me.
The get.
To get the long. My daughter had 20 brain surgery.
She?
She died May 12th 2013 Mother's Day my birthday I picked
her up out the tub. I didn't even feel weighed me 50 times.
when the firemen got the,
When the firemen got there, they knew me.
They came from 81st and Ashland.
Who picked your daughter? I said, yes, I did. I said I
didn't feel nothing.
I had a in my arms until they got there. She was dead.
We'll see.
Wilson to go app.
but,
But dinner.
I told him I knew he could bring them back to life.
EF.
he asked me, he said,
if we bring them back to life,
You remember, what happened?
To the singer's daughter where Bobby is Father brought her
back to life and they had to kill her at the end cuz she
never woke up.
and,
And I told him.
No.
I've
I could not do that.
If?
if they brought her back and she didn't come back to life,
At.
I thought about my daughter.
I could.
I can.
I could not change when the good Lord says, it's time for
us to go.
No.
Nobody can't.
but,
But I'm tired of seeing what's happening. So, Working Class
People in America today and it has nothing to do with the
color.
And I can't.
if anybody want to see the checks that I wrote,
I have all of them.
and,
And you can see that I'm Challenger.
and,
and this is why I'm
thank.
thank you for letting everybody in.
What kind?
Because if it wasn't for the Creator, I never would have
made it. Thank you. I might have one of my staff members.
Get your information, so we can have the aldermen that
represent your area. Thank you. Thank you. Terrance
Johnson, the assistant commissioner Department of planning
and development is here to present and support of the item.
Before we do that. Please let the record reflect that. All
the women mit's is here for corn. How to make when is here
as well, for not remember, I just made some members of
development team are available to answer questions from
from the committee Craig Hoffman, CEO. And co-founder of
Metro Edge development partners.
Read.
Brad.
Bradley Bell, CEO of Metro Edge, development Partners.
Richard Clay water from a partner of dla Piper and also
Alderman, Urban. See, here's well Terence
Morning, Jeremy, Villegas said members of the committee on
economic capital and Technology development for the
recommend a mysterious Johnson in the department of
planning and development and muscle joint. Today, as Jeremy
said by Craig, Hoffman Bradley Beal, as well as Rich Carter
representing the development team of nedp mission-critical
facility. LLC for the purpose of constructing, a 185000
square-foot data center at 1951. West Hastings,
if I,
The project is the pricey side is located in the 20th.
Ward,
Within the new.
Within the near West Side. Community area near the Illinois
medical center campus in Irving, has provided letters
support for the project.
map of
A can I make a minority LED real estate? Development firm
intends to construct a new five-story. State-of-the-art
data center with 24, megawatts of power, seven layers of
physical security, including biometric screening and 30
parking spots. The location will take advantage of
Chicago's position as a leading data center Hub to provide
further capacity within the city.
Is it?
Is an aerial view of the site which is at the intersection
of Hastings Street and Damen Avenue outlined in red.
And here is our neighborhood contacts of the location here
with the red pinpoint.
And then they
And then this is just the existing conditions of the, of
the site, which is, which is a vacant parcel.
The project cost is estimated at 275 million dollars is
being financed with 35% equity and 65%.
You're?
Estimated 12 year, text savings are 21.5 million and the
city share is 4.9 million. The total estimated net benefit
to all taxing districts is 18.8 million dollars.
Dpd is in support of this project that will bring more than
250 4 million dollars in investment and five full-time and
part-time job to the near West Side Community area. In
addition to the jobs, the city negotiated robust Community
benefits. As part of the agreement, that include the
following, a 50 million dollar, a $50,000 investment by the
applicant and Public School Technology, a guarantee of two
free public, Wi-Fi connection with a promise to construct,
several additional locations in the westside of Chicago,
including East Garfield Park, the near Westside Austin,
North Lawndale in Humboldt Park
Dapper. Can't walk create a Capstone learning program for
local students to provide the Education and Training in the
field of digital technology.
Yeah.
Yep, and is committed to install it or 30 state-of-the-art
cameras across the west side and around the IMD to Aid and
Safety and Security.
very quiet about to exceed, the city standard mbwb,
requirement by guaranteeing 30%, +, B + 20 + 10% wbe
here's,
Here's a rendering of what the completed the data center
will look like?
I thank you for your for your favorable consideration of
this request. As I mentioned before I as well as members of
the development team are happy to answer any questions that
community may have.
Thank.
Thank you. Thank you, Terrance. Also, let the record reflect
that old woman cruise and ottoman. Mitchell are also here
As.
as for Brooke, noted for Quorum ottoman, Irvin
Thank you.
English, German, and I members of the committee on this
project is in the element Medical District brought forth by
by all of naughty land investment team and development.
Furthermore, the community benefits will work through, not
only just the immediate area around the community as set
forth in the Medical District but also areas which OCH a
residence in the Brooks home as well as in East and West
Garfield Park. So overall from what we see, not just what
dynasty? But also the opportunity for young people on the
west side of Chicago to join in this burgeoning industry,
or we don't see much of them in order to participate why
was a minority but African-American or participation. And
so are we look for this to be a week? And not only this for
all the west side of Chicago but to bring in young people
that otherwise would not have these opportunities into the
into the fields of high-tech. Also from a
you from a
From a financial aspect of this, it's in the Western Ogden,
TIF district off sides with the expiration of the Tif which
I think is 12 and 30 years has got renewed. So I'm in an
area that I think a lot of development is going to occur in
so you're looking for a favorable recommendation from the
humidity in, anyone has any questions about myself those
they say all the letters. Are there any questions or
comments were members of the committee Automotive Sparta
team can share for myself? Maybe for the Public's
edification? What is a Data Center? And how does this
facilitate economic activity here in the city of Chicago?
And Greg Hoffmann bread, bill or Richard?
Set.
That's a.
That's what I.
That's one of my kidneys. Pie Alderman. Great questions.
Please identify yourself. And yes, my name is Craig Hoffman
on the co-founder and CEO Metro Ridge. Development Partners
to answer your question. You often times the other term.
The cloud cloud is just comprised of servers that are
inside of a data center. So as we talked about the cloud
meeting to grow to support the infrastructure that has
become necessary. Thanks in part 1 or not. Thanks but in
due, in part to Cove in this will support technology needed
for healthcare institutions. The IMD approached us because
the need was identified.
To have something.
To have something like this in the Illinois, medical
District. But does that answer your question alderman?
We lose track that, that is based in physical
infrastructure. Absolute in doubt is something we need here
in Chicago. Yes sir, thank you sir. Thank you.
Voice and I did hear Austin mentioned by Department of
planning, but I didn't hear Austin mention when are urban
smoke, so I want I know. Is this service is going to be
provided to the Austin area. Ottoman Irving.
We are Humble Park Zoo. So, we're all good, toward is
coming to the neighborhood, so you might not be much in
Austin, you know, we, we you might get about 4712
Washington to Sumner be in Austin for you. But none, the
less, you know, when we start the work on the community
side with the schools and other stuff, we will will be
working. Not only just in near Weston West Garfield in East
Garfield, Austin Austin, North Lawndale because we do have
schools in those areas want to make sure that our young
people are getting connected to this technology. They have
everybody has to hearing your phone but
What makes you work in the back?
What makes you work in the back side of it or we want to
make sure that I young people had that opportunity. So the
answer to your question, all the minutes. Yes.
Thank.
Thank you very much. We know you like to share.
Thank.
Think y'all would mix any other questions for members of
the committee?
All right.
let,
Let me just also make note that the developer, the CEO,
that is leading the effort on. This investment is African
American and probably the first African-American lead
developer for Datacenter in the country. And so we're
happy. That Chicago is the first to do this week. We
typically are the first to do a lot of things. And so,
we're happy that that this is occurring here in our
backyard in the city of Chicago. So congratulations on
Craig, and your team for for this development ultimate
Irving Place as well.
Sing.
Sing all the questions. I may have emotions recommend pass
at this item of the state will call as would apply to
establish Coram womanly makes that motion hearing no
objections to ordered. The do pass recommendation for print
out the next city, council meeting being that there's no
further business may have a motion to adjourn by the same
roll call vote. Was applied to determine a quorum
vice-chairman, mostly so move during your directions to
order to meeting of the committee on economic capital.
Technology development is adjourned. Thank you, everyone.