Good morning, everyone. The committee on finance is now
called to order we will take the tendons to establish
Quorum before we have to test for hearings that we will
hold this morning prior to the regular committee agenda.
give me to
Give me give me before we take attendance. We need to check
on the
one of the people that it showed up on our remote.
We have three but one of them needs to be we need to check
on.
All right.
Yeah.
Yeah, just forward it to me. So I have it will let
what are you talkin about?
play
price check on way
all the
alderman laspada
all
Alderman Hopkins, excuse me. Skip Hopkins Hall and feature
Lopez Alderman Mitchell
Alderman Harris
all
Alderman Harris this did see you. Yes, I did know I saw you
all them and deal.
Alderman Lee Alderman Ramirez
all
Alderman Quinn Alderman Lopez Alderman more Alderman Curtis
Alderman O'Shea
all
Alderman Taylor Alderman Mosley Alderman Rodriguez Alderman
Scott
Are you?
There you go on demand Rodriguez.
all
Alderman Scott Alderman Burnett
all
Alderman Ervin augment Taliaferro Alderman Cardona Alderman
waguespack Alderman Rodriguez Sanchez
all
Alderman Ramirez Rosa Alderman Villegas
Alderman mitts alderman sposato
all the
Alderman Vazquez Alderman Riley Alderman Knutson Alderman
Martin Alderman Silverstein owls hear
we have
We have 20 so we have a quorum. We have three all the men
who have called in requesting remote access due to rule 59
and that is all the men see Joe Lopez Alderman Hall and
Alderman Hopkins. Can I get a motion to allow them into the
meeting?
so moved by Alderman Mosley
We will add those three to the Quorum count and can we
confirm that there with us this morning? All the Munhall
more than them share. My colleagues see Joe Lopez all the
men Hopkins. Good morning. How many members present with us
is Alderman Robinson Alderman Fuentes Alderman, Mana hop
and worse. Did I miss anyone?
Okay.
we
We have some new rules for decorum in the conduct for
public meetings in the city council pursuant to the Chicago
city council Rules of Order rule. Number 59 are
sergeant-at-arms has set forth the following rules of
conduct to be followed during the public comment.
duration of
Duration of the committee and City Council meetings profane
vulgar threatening abusive or destructive language is not
permitted demeaning discriminatory or harassing behavior
and speech directed towards others is not permitted
disruptive behavior, including disruptive or disrespectful
conduct during others presentation is not permitted banners
flyers or signage. You're not permitted backpacks large
bags shop objects are not permitted clear bags not tempted
and color that do not exceed 12 by 6 by 12 will be
permitted and subject to search food and beverages
including in metal containers are not permitted cell phones
must be placed on silent prior to entering the meeting room
individuals must remain seated public comment speakers are
permitted to stand only when providing public comment small
handheld devices. Maybe use only while seated
Are you?
using must refrain from interfering with the view or the
hearing of other individuals.
any
Anyone failing to adhere whether they're individuals or
groups failing to adhere to these rules will be asked to
see such the disruptive behavior and failure to comply will
result in their being subject to removal from the meeting
by the Sergeant at Arms.
move
moving right along
Good morning, ladies and gentlemen. This meeting will come
to order let the record reflect that this is a public
hearing that is being held pursuant to the requirements of
section 147 F of the Internal Revenue code of 1986 as
amended notice of this public hearing was published on
November 2nd 2023 on the website of the office of the clerk
of the city of Chicago. Let the reporter Mark the
screenshot.
I'm such a notice as committed committees exhibit number 14
identification. I want everyone to see that this is the
notice that was put out publicly and we were included in
the copy of the record.
I will now ask Brendan, right Brendan White assistant
commissioner in the Department of Finance to explain the
background for this hearing Brendan tephra stands for tax
equity and fiscal responsibility act to a federal law. This
hearing is required by this law to provide the public an
opportunity to comment on the use of certain kinds of tax
exemption. No proceeds following this public hearing the
city must approve the notes before the tax exempt debt can
be issued approval can be by an ordinance adopted by the
city council or buy a certificate signed by the mayor
disapproval expire.
set
Zephyr for years for our Midway commercial paper program,
which is one of the types of tax-exempt notes covered under
the Tesseract the current temperature. OK Google expires on
December 17th, 2023 therefore from Midway to continue to be
able to issue these notes under our existing facility. We
must quote Rita from the program prior to December 17th
2023.
thank
Thank you Brandon. Again. This is a test for a hearing
regarding the proposed plan of Finance which is described
below for the city of Chicago, which I will refer to as the
city to issue Chicago Midway International Airport
commercial paper notes in an aggregate principal amount not
to exceed 250 million dollars the notes shall be issued
from time to time provided that the maximum amount of notes
to be outstanding at any one time shall not exceed 250
million exclusive of unpaid interest on the notes and fees.
The notes to be issued after December 22nd 2023 constitute
a new issue of obligations under the code and are the
subject of this hearing which is one of the requirements to
qualify interest on the notes to be exempt from federal
income taxation pursuant to the plan to finance. The
proceeds of the notes will be used for the purpose of a the
payment of a reimbursement of
cost of certain key
Cost of certain Capital Improvements at Chicago Midway
International Airport that are part of the comprehensive
plan for the destruction Improvement and modernization of
various terminal Airfield and other facilities at the
airport be refunding or refinancing outstanding General
airport revenue bonds special special facility revenue
bonds and outstanding notes, which have been issued for the
purpose of the airport see cash flow needs of the airport.
The deposit of monies into funds and accounts as provided
in the trust indenture pursuant to which the notes are to
be issued and secured and E the payment of cost of issuance
incurred in connection with issuing the notes. The airport
is owned and operated by the city.
listen
The city will issue the notes pursuant to its powers as a
home-rule unit of government under the 1970 constitution of
the state of Illinois and an ordinance adopted by the city
council of the city.
the new
The notes will not be a general obligation of the city the
state of Illinois or any political subdivision thereof, but
will be a special limited obligation of the city. The
principal of Premium is any and no such an interest on the
notes will be payable solely from available pledged
revenues as defined in the indenture the notes will not
constitute an indebtedness or an obligation of the city the
state of Illinois or any political subdivision of the state
of Illinois within the purview of any constitutional
limitations or statue statuary provision know holder of the
notes will have the right to compel any exercise of the
taxing power of the city the state of Illinois United
States of America or any political subdivision of any of
them to pay the principal of Premium if any or
pictures of
pictures on the notes
Rick
written comments relating to the plan to issue the notes
must have been submitted by email to the committee on
finance at city of chicago.org no later than 3 p.m.
Thursday, November 9th 2023. Let the record reflect that no
written comments were submitted ladies and gentlemen, if
any Resident taxpayer other interested person attending
this hearing desires and opportunity to express
Have you?
Reviews for or against the proposed plan of finance and
issuance of the notes. Please. Do one of the following for
those attending this hearing in person. Please line up at
the microphone in the aisle when your name is called and
two for those who have called in on a toll-free phone
number please in a number nine on the phone to identify the
host of The Calling number and once you are called upon to
provide your comments, please enter Stars 62 amuture phone
each meet each speaker will be limited to three minutes.
is there
Is there any member of the public taxpayer interested
person who wishes to make a statement on this matter?
I can hear I can see I can think I'm Mr. Blake Moore is
George Blake more years. I put all I put all of the three
the two public hearings and other meeting thing is you have
3 minutes. Thank you.
we
with the airport
if I if I was a black out any money, that would be spent to
improve the airport.
and
any
Any contract the jobs are good. I would make sure.
That black people would receive 30%
all those jobs good contracts and service
This will be a part about reparation.
always
play the race card.
I will.
I wouldn't go along to get along. Maybe that's why you not
a black Altima. Maybe the Democratic machine won't support
you and the Republican support you maybe I'm going to do
something. All right hand.
It's something evil here when you let starting a bond has
no.
list
Mr. Blakemore, do you have a comment on talking about the
airport? Let's all get along now. I'm not your enemy.
I respect you.
And I also want the same respect. I do use the race card.
whip it Ma
with this month
I'm going to use the race card and if you not using the
race card, but my black Altima you're not serving your
constituent. You're not supposed to go to anything in a
contract. Whatever goes to that airport.
I expect black worker black Architects black people with
their food stamps and whatever and if that's not happening
why it's not happen. Maybe we have we
Black leadership and made it to use of Black Faces in high
places and not serving up the stars and you read the room.
And now you go flip the script on me straight talk about
the airport. You will read us about the behavior and and
telling a man of my heart, Thank you. Mr. Blakemore will
call you when it when it reaches those points.
Yes.
Excuse me.
I call.
I called you.
I added you to Corum you were here when I took the
attendance. I'm all the Mint Condition. I see you will add
you to Coram Alderman Curtis. Glad you to call me as well.
Okay seem that there are no other people who want to speak
on this matter. This concludes the public hearing of the
proposed Finance plan for the city of Chicago to issue
Chicago Midway International Airport commercial paper notes
in the maximum amount of notes outstanding at any one time
not to exceed 250 million let the record reflect that this
public hearing. This matter was concluded at 10:33.
I am now.
A.m. November 4th
A m November 14th 2023. This concludes the test for
hearing.
Hey, when will now take attendance to establish Quorum for
the second public hearing?
by
feisty
by Sher Khan weigh
all the man was spotted Alderman Hopkins not yet Hall all
in Mitchell.
all
Alderman Harris
all the material of mainly all the memories
Alderman Quinn Alderman Lopez Alderman War
all the
Alderman Curtis Alderman O'Shea Alderman Taylor
all
Alvin Mosley Alderman Rodriguez Alderman Scott
all
Alderman Burnett's Alderman Ervin, Alderman, Taliaferro
all the
Alderman Cardona alderman waguespack
Alderman Rodriguez Sanchez
all
Alderman Ramirez Rosa
all
Alderman Villegas Alderman mix
all
alderman sposato
all
Armand Vasquez Alderman Riley Alderman Knutson Alderman
Martin Alderman Silverstein chairman dolls here. We have
23, which is Coram. Can I get a motion to allow Alderman
Hall Hopkins and feature Lopez into the meeting. So moved
by all the way Moseley.
Good.
Good morning, ladies and gentlemen, the hearing comes to
order let the record reflect that this is a public hearing
that is pursuant to the requirements of section 147 F of
the Internal Revenue code of 1986 notice of this public
hearing was published on November 2nd 2023 on the website
of the office.
city clerk of the city of Chicago
we
would you?
would like to acknowledge the committee's exhibit number 14
identification that this notification was published and put
on the clerk's website and we were included in the record
for this meeting this morning. I will now ask Brendan right
white assistant commissioner in the Department of Finance
to explain the background for this hearing Mr. Whyte thank
you chairman tefera stands for tax equity and fiscal
responsibility act because of federal law this hearing is
required by the law to provide the public with an
opportunity to comment on the use of certain kinds of
tax-exempt bond proceeds following this public hearing the
city must approve the bonds before the tax-exempt dish that
can be issued approval can be done by an ordinance adopted
by the city council or buy a certificate signed by the
mirror.
I thank
Thank you. Mr. White. This is a test for hearing regarding
the proposed plan to finance to issue multi-family housing
revenue bonds series 2023 in an amount not to exceed 20
$2500000 for the United yd 1 a project in the 20th Ward the
bonds the proceeds of the bonds will be loan to the new
city Redevelopment limited partnership and Illinois
partnership to finance an affordable housing development
project the United yd 1 a project consisting of the
acquisition from the city of Chicago certain vacant land
located at 1515 West 47th Street.
Apple
Acquisition from an affiliate of the borough of certain
vacant land located at 4706 through 12 South, Marshfield
Avenue.
constructs
Construction of the six-story project site of a six-story
new construction building with 45 units of family housing
and construction of the three flat new construction
building.
I'm
MCAS
I'm construction of the three flat project side of 23 Flat
buildings with a combined total of six two-bedroom units.
The borough will be the initial owner / operator of the
project. Celedon Blackwood gp1 LLC in Illinois limited
liability company.
Is the general partner of the bar in Celadon Partners LLC
in Illinois limited liability company is the managing
member of the general partner the city will issue the bonds
pursuant to the powers as a home-rule unit of government
under the 1970 constitution of the state of Illinois and an
ordinance adopted by the city council of the city. The
bonds will not be a general obligation of the city the
state of Illinois or any political subdivision thereof, but
will be a special limited obligation of the city.
The principal of Premium if any an interest on the bonds
will be payable solely out of the revenue of the United yd
1 a project and other funds pledged in a sign for their
payment by the bar in accordance with a bar alone agreement
between the city and the bar.
the boy
The bonds will not constitute an indebtedness or an
obligation of the city the state of Illinois or any
political subdivision of the state of Illinois within the
purview of any constitutional limitations in her stature
statuary provision.
No holder of the bonds will have the right to compel any
exercise of the taxing power of the city the state of
Illinois United States of America or any political
subdivision of any of them to pay the premium of Premium.
If any are interest on the bonds written comments relating
to the plan to issue. The bonds must have been submitted by
email to the committee on finance at city of chicago.org no
later than 3 p.m. Thursday, November 9th 2023. Let the
record reflect that there were no written comments
submitted ladies and gentlemen, if any Resident taxpayer
interested person attending this hearing desires and
opportunity to express their views for or against the
proposed issuance of the bonds. Please do one of the
following one for those attending this hearing in person.
Please come up to the microphone in the aisle when your
name is called.
Call them to.
Call them to for those who have called on the toll-free
phone number, please and the Number Nine Star 9 on the
phone to identify the host of the call in number and once
you're called upon to provide your comments, please enter
star 6 to a mutual phone. Each speaker will be limited to
three minutes. Is there any member of the public taxpayer
you're interested person who wishes to make a statement
with respect to this matter?
Miss
Mr. George, Blakemore
we
when
When you're on the phone when you're on engage people take
advantage of you now. I want to know who Fred Altman in the
24. Anyway, the city is not in the business of giving
loaning a developed money.
best
That's not true.
That's not your primary is an especially 25 million dollars
and they don't pay it back. You know, it just asking just
asking to make the rich richer. This is why Chicago is
known to be the most corrupt city in America and the third
base when I heard on public radio what public radio could
be like
telling a
Telling the truth. They did a survey and the third state is
the state of Illinois rent if no public participation.
no public input
everything is rubber-stamped II Brothers remind me they
don't only ignore me ignore all of us almost two people in
here a paid employee or have connection with with that
developer. You got to educate our people. Look what you
say. We not educator.
You have to educator inform engagement and get them
involved in the process. This is disgraceful. Can I go to
rankle black man getting up here advocating for black
people. My father told me something. I told him something I
say daddy. You got a lot on that old man. You're a just
Rambles and he said it's more your age. I was a young man.
all of the
All of the young man challenging him, but he checked me. I
guess he could see a lot of Uncle Tone in me.
So the ancestors the black ancestors, they would like what
they see what I elected official they sacrifice, but now
it's something wrong. I'm focusing on you challenge.
Because you could have informed the people better when you
know better you do better.
Yuki
You keep them blind crippled and crazy uninformed. Why
would you do this to take advantage of them now?
Thank you. Mr. Blake Moore.
Okay, ladies and gentlemen, this concludes the public
hearing on the proposed plan for the city of Chicago to
issue the notes not to exceed to 22000.
by
522500000 principal amount of multifamily housing revenue
bonds of the United yd 1 a project let the record reflect
that this public hearing on this matter concluded at 10:44
a.m. On November 14th, 2023. This concludes the temporal
hearing and now the committee on finance has called to
order.
all we
always roll calls
price check
Archer Conway
all
Alleman was Sparta
all them
Alderman Alderman Mitchell Alderman Harris
automobile Alderman Lane
Alderman Ramirez Alderman Quinn Alderman Lopez Alderman
more
all
Alderman Curtis Alderman O'Shea Alderman Taylor
Alleman Mosley Alvin Rodriguez
Alderman Bruno
Alderman Burnett
all
Alderman Ervin
price check on way I see you.
Alderman Taliaferro
all
ottoman Mitchell I see you.
all
Alderman Cardona
all
alderman waguespack
Alderman Rodriguez Sanchez Alderman Ramirez Rosa
all
Alderman Villegas Alderman mitts
augments Bizarro
Armand Vasquez augmon Riley
Osman Knutson
Alvin Martin
Alderman Silverstein Sherman Dallas here
Osman ramirez-rosa present for here. We have a quorum. Can
I get a motion to allow all the Munhall Alderman Hopkins
and all the essential Lopez and by remote means augments
Busters Auto somos.
all
All those in favor signify by saying hi.
Okay.
all
Alderman Hopkins Alderman Hall and Alderman feature Lopez
would you just confirm that you're here for the finance
committee now that the test for hearing is over?
Auto
ottoman
automatic fill up this person by AR Rahman
call
Altima Hall Prison via remote I'm at this time will be
getting the public comment. We have no remote speakers
today. We have one person that signed up for public
comment. That's mr. George, Blakemore.
The power of 11 star can light up the door the power of
one.
and
And I embraced this towel Mr. Blakemore. You're great.
I did.
I didn't know I was coming to the Superstar. But hey mister
Blakemore, we see you are a miserable and I enjoy it. I
embraced it. I am an attention somebody say age, but did
you know first you must bring the attention to the problem?
I used to teach the
I used to teach school and when I will go with a little kid
dog jumping up and piss and I got a trash can maybe they
did but I got their attention and when I got their
attention, then I could begin to teach them the inform them
to engage with them. You are not getting the attention of
the man here all of your family that on your black once you
and your wife was in a panic and you're Asian one. That's
why Chicago is known as the number one most corrupt city in
the United States.
big
Because the people make it up that elected officials, but
somebody didn't die to put this one's come stay here. No
term level station all of it.
are
Add and all up together and bathe Chicago Bears number 16
on Lake Michigan pictures of beautiful city. She had all
kind of museums and colleges and universities. You can look
good. You can talk you can act like you can speak good
smell.
and be
And be a piece of shi.
I know you I seen you by your action action speaks louder
than words the power the power of one.
Why?
What?
One Stop can light up the dark one person can change this
corruption right here.
text
69 right here, but had no power to make room enforce the
rules and they can't even touch.
Go.
Going out of the regular. Let me add all the men wore to
the record.
thank
Thank you. I love you more. We you just have to we just
started we have the test for hearing was starting to
finance committee. I just took your attendance. That's all
and we also have present with us. All them in Flint has all
the men might not happen worth.
an Altima
And all the men Robinson we're going to go out of the
regular order of the agenda to accommodate one of our
colleagues Alderman Robinson.
He's not on the
La Tanya Alderman Robinson, I might have to come back to
allow Alderman beland who's requested to be here remotely
and Alderman brunette just walked in the world count him
towards form.
to go
To go out of the regular order of business will be dealing
with item number to First coming back to item number one.
This is an ordinance from the Department of Planning and
Development concerning the authority to enter into and
execute an intergovernmental agreement with the Chicago
Board of Education for the provision of tax increment
financing funds to connect the main campus Building to the
former cancer building and replace the heating and cooling
units in the gym Wing at Kenwood Academy High School loaded
located at 5015 South Blackstone Avenue in the fourth ward
for an amount up to 13950000 with us today. We have Brian
Bader from CPS and Jamal Chambers Jamel Chambers from CPS
as well.
more
Morning.
Good.
Good morning, Sherman. All the members of the finance
committee for the record. My name is Brian Benner, and I am
the director of new construction with the facilities and
capital Department of Chicago Public Schools. I'm also
joined by Jamel Chambers city council liaison for CPS and
Tim Jeffries managing deputy director, Deputy Commissioner
and the department of planning and development.
I am here today to request your approval of an amended
inter-governmental agreement that would provide the Chicago
public schools in additional or million $750,000 in tip
assistance to construct a can a structural connection link
between the buildings and replace the MEP system in the gym
Wing at Kenwood High School. This amendment would bring the
total Tif assistance to 13950000 dollars.
Here is a a map showing the general location of the school
within the city school is located at 5015 South Blackstone
Avenue in the Kenwood community area in fourth ward. It is
located within the 53rd Street if District the school is
bounded by Hyde Park Boulevard to the South Lake Park
Avenue to the East 49th Street to the north and Blackstone
Avenue to the what?
are
Here's a few of the school's main entrance located on
Blackstone Avenue. Kenwood is a neighborhood High School
serving 2324 students in ninth through 12th grade and Link
project includes construction constructing in a close
connection link between the main Kenwood Academy campus and
the former cancer building with Associated electrical
mechanical Insight improvement work. The MEP project
includes replacing the existing heating only are handling
units in the gym wing with new package Heating and Cooling
rooftop units.
includes interior repair and renovation following MEP
replace
here is a photo illustrating what the exterior view looking
West may look like here is a photo Illustrated with the
exterior view looking East may look like
if
If approved the amendment inter-governmental agreement will
authorize an additional or million $750,000 CPS will fund
450,000 other project.
play
Completion of the project is scheduled for November 2024.
I thank you for your consideration of this request and I'm
available to address any questions the committee. May we do
have a letter of support from Alderman Robinson and also on
the menu and see who shares the Tif with all the Robinson.
Do we have any questions from Alderman Taylor?
Thank you. Madam. Checking you. Go back to the picture with
the rendering on it.
Yes, what does that do for the young people in the
building? What was this?
Yes, good question what this doesn't keeps children between
the Canter Elementary School and also Kenwood Academy to
travel in between the two buildings without going outside.
The buildings where safety is a concern and also every and
eliminates the is Chicago weather that we have here in the
city. So it's both a safety and although with when with
weather.
Subway
so basically you
So basically, I'm building a bridge.
a very nice Bridge
what is
What are the ages of the young people? Who are is this a k
is this a elementary school? It is an elementary school
between 7th and 8th graders will travel to Kenwood Academy
High School through have classes.
It's
And so that was the the intention of the blink.
Can you?
Can you go back to when you go to the slide? I want to say
6.
I think it was listen.
it
If that's that's the one.
so
So we pay in literally 13 million dollars for a bridge or
not. You're a bridge it would also include mechanical and
electrical upgrades of the existing building or the
gymnasium and the natatorium, which is the gym pool.
So heating and cooling for the gym and said if I didn't
hear the last I'm sorry cooling for the gym. And then also
heating heating and cooling for not only just a link but
also for the natatorium as well, which is the pool. What is
the $84,000 around Environmental?
all of
All of that is an estimate of Just What We believe is
environmental conditions CPS conducts five-year and 10-year
assessments of all their buildings regarding environmental
conditions that may or may not be there. So what we do with
that environmental assessment we put that within our plan
for construction. And so with that plan we are within the
assessment we identify areas and maybe if concern and if
there is no concern right that's that's better for the
project and if there is a concern we at least have it
identified in a comp work if approved by city council,
what's the timeline on this and how would it affect the
education of young people in both buildings? The impact
will be felt.
write a
Right away as the community has been looking forward to
this. Not only just Kenwood Academy of the principal and
they're in the community for their students traveling to
and from cancer and to Kenwood as of right now recent
discussions with the public building commission will be
taking on this project. We are looking to go out to bid on
in January to where we were the procurement process.
Hopefully to Ward sometime in February and start the
construction process right been on notice to proceed right
around February and February and we're looking to it is a
goal to have this done by November of 2024. So that also
includes the air handler units for the gym and also within
the natatorium we do have some long-lead items when it
comes to the mechanical equipment. What for the the link
which is the most important
I bet.
That were here for is our goal is to have that ready and
available before school starts in September of next year.
There will be no summer school. No, that's not a
conversation. So this link will not affect any activities
within the existing buildings both buildings for this is
outside of what would be considered the Scholastic arrow
through the chair. Can we get a timeline when we have
practice start this? Thank you. Thank you met with you.
Thank you.
Thank you all the way.
Thank you. All the men Mitchell.
So this this project just for the record, I'm a Bronco for
life. So it's good to see that this this is being done. The
entire project is being funded by chest.
What?
What is the balance in that Tiff now in so I can see what
percentage of the balance is equates to this amount?
Just curious Kim Jeffries.
turn
Jim Jefferies Jim Jefferies managing Deputy Commissioner.
Give me one second.
Net of this project. There's approximately 7.2 million
dollars available in the district.
interests
Interesting. OK Google call the mascot BECU in Will County
how many?
almond Robinson. Would you like to come in on your project?
on the
Alma. Thank you for allowing me the opportunity. I also want
to thank my colleagues for their questions. This is been a
project that the former Alderman has been working on for
several years. It is also a project of that the LSC
principal and the community has also been a pushing for her
as well. And so I'm looking forward to supporting this
project. I would just ask that the Chicago Public Schools
do its due diligence and in best effort to make sure that
we utilize contractors that look like the community that is
surrounding the high school. Thank you very much.
Thank you. All German Robinson. Is there a motion to
recommend approval of this item? So moved by Alderman
Rodriguez recommending to pass all those in favor signify
by saying I I in the opinion of all those opposed in the
opinion of the chair the eyes have it in this will
Moshe
motion will
Motion will be report.
Motion will be reported it out at the next city council
meeting to do past motion.
are
I just want to confirm I believe all them in Biel.
got an
Got a note that said he was on automobile.
Not yet a woman. I have a son named Tony be I don't know if
I can I think that might be him. Can you try and if it's
not him well
cut him off at the knees.
don't
Tony give me Madam chairman. Thank you. I mean, all right.
Can I get a motion to allow Alderman Beales? So moved by
Alderman Rodriguez do to rule 59 all those in favor signify
by saying I I am all the men bill will count you towards
Quorum will now go back to the regular order of business
item number one on our agenda from the Department of
Housing and ordinances concerning the issuance of
multifamily housing revenue bonds and other financial
assistance to the new city Redevelopment limited
partnership for the rehabilitation and development of the
United yd 1 a affordable housing project located at 1515
West 47th Street and 1635 to 6.
for
43 way
43 West 47th Street in the 20th Ward Alderman Taylor, this
is 14 and a half million dollars of Tiff and bonds of about
22 million point 22.5 million with us today. We're joined
by vonetta Jones financial planning analyst with the
Department of Housing.
you're
Your new face to me. How are you? I was actually do and
members of the committee for the record. My name is Benita
Jones from the Department of Housing before you today is
the ordinance for the benefit of the United yards. When a
transaction is Ordnance establishes, the city's intent to
approve issue bonds up to 22.55 million for the benefit of
United yard phase 1A approval to issue 14.5 million and
Tiff at the sale of one city on lock at 1515 West 47th
Street for the purchase of $1 and to establish new city
Redevelopment LP as the developer.
Isabella
develop
The developer is New City Redevelopment LP the development
team consists of Celadon and Blackwood. This will be an
80/20 Venture with Celadon llc at 80% and setting of both
Scott Henry and Erin Wagner and back Blackwood at 20% and
15 of both Jose Duarte and Rafael Hernandez, which is my
Parkland.
Then we have left that the remaining team that will bring
the project together.
please
These are the same developers that were here last month for
the phase of 1B United yd.
The proposed United yd 1 a transaction is an investor
Southwest development located in the 20th Ward in the back
of the Yards New City community area.
this
This upcoming phase will produce 51 new mix income rental
units located on two separate sites that one band the
city-owned lot at 1515 West 47th Street, which will be at 6
story building the ground floor of the site one will
consist of an opportunity Hub, which is in technology
training and business support center specially targeted to
support use of communities of color.
Titan will be located at 1635 through 1643 West 47th Street,
consisting of two separate three flat modular units.
this
This project is one of three phases again faced b-1b was
introduced last month and there will also be a one seed.
This is the mass rendering showing the full project when it
when they are all completed.
is
This place will have a total of 51 units for both sites one
and site to site one is a six-story building consisting of
45 units reserved for households earning 15 to 80% Ami and
19 parking spaces of the 45 units. The applicants will
receive subsidies for 6:15 % and sticks 30% units to the
Chicago Low Income Housing Trust Fund.
types
Thai to consist of a total of six two-bedroom units
reserved for households earning sixty-two 80% Ami with a
parking spaces
opposed
Proposed total development cost for this phase is
approximately 42 million in the project would generate
approximately 18.4 million and 4% Equity from tax exempt
Bonds. In addition the tax-exempt bond to add to the
tax-exempt bonds. The city will provide 14.5 million + 2.
and 7 million in
and 7 million + c r p Chicago recovery program from
we are requesting approval to issue up to 22.5 million in
tax exempt Bond approval to issue 14.5 until rent the sale
of one vacant city on lot at 1515 West 47th Street for $1
and to establish new city Redevelopment LP as the
developer.
this
This concludes my presentation today. I have Aaron Weisner
of Celadon and Jose Duarte and Raphael Hernandez of
Blackwood to answer any questions you may have.
We are we ask for your approval and support.
all
Alderman Taylor, you got to look on your face. That's not
what the community agree to where is the goldblatt's in
this.
it was supposed to be those if you could go back two more
slides back to the
the one with the the sights on it.
black women
so
So which is it supposed to be three sites? This is not go
back one more.
so
So this is not what we do. This is not what the community
voted for in this is not what we agreed to their supposed
to be three sites here that site that's on 47th and Laflin.
Yes that site on 47th in March but it is also included in
this project was the Go Bus building. Where is that portion
of this? Cuz that's what is the most important part and let
me just say for clarity. This was an investor Southwest
project that was initiated by the last Administration and
what happened was the city agree with United yards and the
community agree with Jesse from back of the yard coffee and
the deal was for those projects to merge. I don't see that
merch it.
Go ahead. Hold on a second. You're responding to this to
the alderman. Can you come forward introduce yourself and
give us your
in
Information for the record. My name is Aaron Wise new
principal with solid on partners and I just want to clarify
and mrs. Jones mention this the beginning of the woman at
the last minute as committee and council meeting United
yard. Monday was approved. That's including the entire
goldblatt's building Redevelopment. Jesse would have been
here with us today, but he's
Getting married in a couple days.
Getting married in a couple days is on Route 22 his his
wedding. But this developed to start construction on one be
in the next couple weeks. It's going to start before we
start construction on this but it just it had to be
separated into two separate projects because the other
development is using new markets tax credits. This is using
low income housing tax credits for the two projects are
done are being done in tandem with one another including
the full build-out of the go back to base a conversation
with me cuz this is not Willmar Community agree to we spent
This project took longer than every project and investment
Southwest and it's because the community has so much push
back because they feel like Jesse was not included in that
Vision wasn't there and so I can't agree. We got to have a
conversation this this cannot go on. We did have a letter
of support given to us from you. So we did but it also
includes that noblesse included. It has God bless came
before us. I believe that the last city council meeting.
That was what we had. That was not what this looks like an
hour with all do respect you all the men. I wanted to
acknowledge that the guy Jesse. I think his name was was
here and at the last council meeting and presented his plan
for what he was putting in that building, but we will hold
this and bring it back when you're satisfied. Thank you Mac
machine. Thank you.
thank
Thank you, Miss Jones for your presentation.
don't
okie dokie
one more
We'll move onto item number three on our agenda, which is
an ordinance concerning the authorization of fee waivers or
refund for the Chicago Board of Education and its
contractors for buildings and Facilities used for public
and governmental purposes with annual reporting a fee
waivers to the office of budget and management for this
presentation. We're joined by Jamel Chambers in ebensee
Smith from CPS.
Good morning Chambers, and I'm city council liaison for
Chicago Public Schools muscle joint by Evan Smith our
director of capital planning and design. I'm here today to
request your approval of a one-year ordinance, authorizing
the provision of fee waivers for Chicago Board of Education
to support the district building a facility related
projects. The board has historically been exempt from
paying most City permit fees. This proposed ordinance is
simply an extension of the current fee waiver ordinance
that expires on December 31st, 2023 additionally supposed
to have no net effect on a city finances any fees required
for public projects pay by the board with Simply Be
transferring funds from one public agency to another I
thank you for your consideration.
Of this request and I'm available.
Of this request and I'm available to address any questions
that the committee may have.
Jimmy
Jamel can you tell us what the amount of you know, the the
aggregate amount of fee waiver monies that you all have.
play
like
Like last year and fiscal year 2022 what you spent what you
were given fee waivers for in 2023 or so so that the
committee has a sense of the amount of money we're talking
about we are estimating that we were saying about to be
$77,000 in annual fees or fy20 for if this one is approved
within the past 5 years. We save 5.4 million dollars and
sea waivers.
Thank you. Any questions on this matter?
Perry
Your email questionable alderman laspada?
level
That was about to be an ornament a smart ass or boobs, but
I can wait for you to call the pushing all them in the
spot. I recommended you pass all those in favor signify by
saying I proposed in the opinion of the chair the eyes have
it and we will report to do pass recommendation out at the
next city council meeting. Thank you very much. Good to see
you guys. I am number four on the missile.
Yes, it's a pretty.
Yes, it's a proposed order authorizing the payment of
various small claims against the city of Chicago. This is a
direct introduction which was sent to everyone electronic.
We are there no objection the committee will recommend
passage in the Omnibus.
I do.
Item number five on the miscellaneous a proposed order
denying the payment of various small claims against the
city of Chicago. This too was a direct introduction and the
list of payment was denied was electronically sent to
everyone if there are no objection the committee will
recommend passage in the Omnibus.
I'd
Item number six is one proposed order authorizing
charitable solicitation solicitation on the public way
known as tagged a permit for The Nature Conservancy
Conservancy covering the Loop West Loop River North
streeterville Lake Shore East South Loop and Gold Coast
from December 1st, 2023 through December 31st, 2023. If
there are no objections, the committee will recommend
passage in the Omnibus.
I don't.
I don't know where.
I don't know number 7 from the Department of Law is the
communication transmitting reports of cases in which
Burdick's judgments or settlements were entered into for
the month of October. These reports were also sent
electronically and there are no objections. These reports
will be placed on file with the Chicago city clerk.
Well, we have come to the end and there being no further
business before the committee on finance. Can I get a
motion to adjourn somewhere by all the men Ramirez to
adjourn all those in favor signify by saying I post see in
the opinion of the chair. The eyes have it. The committee
on finance is adjourn everyone. Have a great afternoon and
great Monday Tuesday.