Redevelopment agreement with and issuance of tax increment financing (TIF) funds to Double Down Development LLC for redevelopment of building into commercial space including venue for live music entertainment and tuition-free afterschool program at 1050-1052 W Wilson Ave
- Record number: O2024-0012445
- Type: Ordinance; category: Agreements
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Finance
- Introduced: Sep 18, 2024
- Final action: Oct 9, 2024
- Official record: Office of the City Clerk
Roll call: Passed Oct 9, 2024
48 yea, 0 nay, 1 absent. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the City Council meeting of Oct 9, 2024.
Yea (45): Daniel La Spata (1), Brian Hopkins (2), Pat Dowell (3), Lamont J. Robinson (4), Desmon C. Yancy (5), William E. Hall (6), Gregory I. Mitchell (7), Michelle A. Harris (8), Anthony Beale (9), Peter Chico (10), Nicole T. Lee (11), Julia M. Ramirez (12), Marty Quinn (13), Raymond A. Lopez (15), Stephanie D. Coleman (16), David H. Moore (17), Derrick G. Curtis (18), Matthew J. O'Shea (19), Jeanette B. Taylor (20), Ronnie L. Mosley (21), Michael D. Rodriguez (22), Silvana Tabares (23), Monique L. Scott (24), Jessica L. Fuentes (26), Walter R. Burnett (27), Jason C. Ervin (28), Chris Taliaferro (29), Ruth Cruz (30), Felix Cardona Jr. (31), Scott Waguespack (32), William Conway (34), Gilbert Villegas (36), Nicholas Sposato (38), Samantha Nugent (39), Andre Vasquez Jr. (40), Anthony V. Napolitano (41), Brendan Reilly (42), Timothy R. Knudsen (43), Bennett R. Lawson (44), James M. Gardiner (45), Angela Clay (46), Matthew J. Martin (47), Leni Manaa-Hoppenworth (48), Maria E. Hadden (49), Debra L. Silverstein (50)
Absent (1): Emma Mitts (37)
Former members who voted: Jeylu B. Gutierrez (Yea), Byron Sigcho-Lopez (Yea), Carlos Ramirez-Rosa (Not voting), Rossana Rodriguez Sanchez (Yea)
Timeline
- Sep 18, 2024: Referred, City Council
- Oct 2, 2024: Recommended to Pass, Committee on Finance
- Oct 9, 2024: Passed, City Council
Documents
- O2024-0012445 Transmittal Letter.pdf (Miscellaneous)
- O2024-0012445 Committee Letter.pdf (Committee Letter)
- O2024-0012445 Exhibit C - Tax Incentive Classification Redevelopment Agreement.pdf (Exhibits)
- O2024-0012445 EDS.pdf (EDS)
- O2024-0012445.pdf (Legislation)
- O2024-0012445 Exhibit B - Legal Description.pdf (Exhibits)
- O2024-0012445 Exhibit A - TIF Redevelopment Agreement.pdf (Exhibits)
- O2024-0012445 SIGNED BY MAYOR_0591.pdf (Legislation)