# Issuance of financial assistance to 111 Monroe Affordable L.P. and 111 Monroe Market Landlord LLC for acquisition, construction, rehabilitation and equipping of affordable and market rate housing projects at 111 W Monroe St - Record number: **O2025-0016002** - Type: Ordinance; category: Agreements - Status: Final - Sponsor: Johnson, Brandon - Committee: Committee on Finance - Introduced: Mar 12, 2025 - Final action: Apr 16, 2025 - Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=435271A9-4AFF-EF11-9340-001DD804D44E) ## Roll call: Passed Apr 16, 2025 **49 yea, 1 nay.** This was a divided vote. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the [City Council meeting of Apr 16, 2025](https://www.chicagopolitics.org/meeting/4EFC9FEC-47D4-EF11-8EEA-001DD804C7AB). **Nay (1)**: [Raymond A. Lopez](https://www.chicagopolitics.org/ward/15) (15) **Yea (49)**: [Daniel La Spata](https://www.chicagopolitics.org/ward/1) (1), [Brian Hopkins](https://www.chicagopolitics.org/ward/2) (2), [Pat Dowell](https://www.chicagopolitics.org/ward/3) (3), [Lamont J. Robinson](https://www.chicagopolitics.org/ward/4) (4), [Desmon C. Yancy](https://www.chicagopolitics.org/ward/5) (5), [William E. Hall](https://www.chicagopolitics.org/ward/6) (6), [Gregory I. Mitchell](https://www.chicagopolitics.org/ward/7) (7), [Michelle A. Harris](https://www.chicagopolitics.org/ward/8) (8), [Anthony Beale](https://www.chicagopolitics.org/ward/9) (9), [Peter Chico](https://www.chicagopolitics.org/ward/10) (10), [Nicole T. Lee](https://www.chicagopolitics.org/ward/11) (11), [Julia M. Ramirez](https://www.chicagopolitics.org/ward/12) (12), [Marty Quinn](https://www.chicagopolitics.org/ward/13) (13), [Jeylú B. Gutiérrez](https://www.chicagopolitics.org/ward/14) (14), [Stephanie D. Coleman](https://www.chicagopolitics.org/ward/16) (16), [David H. Moore](https://www.chicagopolitics.org/ward/17) (17), [Derrick G. Curtis](https://www.chicagopolitics.org/ward/18) (18), [Matthew J. O'Shea](https://www.chicagopolitics.org/ward/19) (19), [Jeanette B. Taylor](https://www.chicagopolitics.org/ward/20) (20), [Ronnie L. Mosley](https://www.chicagopolitics.org/ward/21) (21), [Michael D. Rodriguez](https://www.chicagopolitics.org/ward/22) (22), [Silvana Tabares](https://www.chicagopolitics.org/ward/23) (23), [Monique L. Scott](https://www.chicagopolitics.org/ward/24) (24), [Byron Sigcho-López](https://www.chicagopolitics.org/ward/25) (25), [Jessica L. Fuentes](https://www.chicagopolitics.org/ward/26) (26), [Walter R. Burnett](https://www.chicagopolitics.org/ward/27) (27), [Jason C. Ervin](https://www.chicagopolitics.org/ward/28) (28), [Chris Taliaferro](https://www.chicagopolitics.org/ward/29) (29), [Ruth Cruz](https://www.chicagopolitics.org/ward/30) (30), [Felix Cardona Jr.](https://www.chicagopolitics.org/ward/31) (31), [Scott Waguespack](https://www.chicagopolitics.org/ward/32) (32), [Rossana Rodríguez Sánchez](https://www.chicagopolitics.org/ward/33) (33), [William Conway](https://www.chicagopolitics.org/ward/34) (34), [Anthony J. Quezada](https://www.chicagopolitics.org/ward/35) (35), [Gilbert Villegas](https://www.chicagopolitics.org/ward/36) (36), [Emma Mitts](https://www.chicagopolitics.org/ward/37) (37), [Nicholas Sposato](https://www.chicagopolitics.org/ward/38) (38), [Samantha Nugent](https://www.chicagopolitics.org/ward/39) (39), [Andre Vasquez Jr.](https://www.chicagopolitics.org/ward/40) (40), [Anthony V. Napolitano](https://www.chicagopolitics.org/ward/41) (41), [Brendan Reilly](https://www.chicagopolitics.org/ward/42) (42), [Timothy R. Knudsen](https://www.chicagopolitics.org/ward/43) (43), [Bennett R. Lawson](https://www.chicagopolitics.org/ward/44) (44), [James M. Gardiner](https://www.chicagopolitics.org/ward/45) (45), [Angela Clay](https://www.chicagopolitics.org/ward/46) (46), [Matthew J. Martin](https://www.chicagopolitics.org/ward/47) (47), [Leni Manaa-Hoppenworth](https://www.chicagopolitics.org/ward/48) (48), [Maria E. Hadden](https://www.chicagopolitics.org/ward/49) (49), [Debra L. Silverstein](https://www.chicagopolitics.org/ward/50) (50) ## Plain-language summary > Written by AI (language model) from the ordinance text only. AI can make mistakes; the official document always wins. ## Timeline - Mar 12, 2025: Referred, City Council - Apr 14, 2025: Recommended to Pass, Committee on Finance - Apr 16, 2025: Passed, City Council - Apr 16, 2025: Signed by Mayor, City Council ## Documents - [O2025-0016002 Exhibit F - Project Site.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/78e07219-83e6-4e6f-ba33-e21cf65b33db.pdf) (Exhibits) - [O2025-0016002 Exhibit A-2 - Market Rate Project.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/b11ca5a3-b0bb-4637-a7e8-597f53c7c0c6.pdf) (Exhibits) - [O2025-0016002 Transmittal Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/4c455902-6fe0-4945-b523-5eb356dc9ab0.pdf) (Miscellaneous) - [O2025-0016002 Exhibit C - Loan Agreement.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/b5f88ae0-4bab-4179-9e75-31a68522bc75.pdf) (Exhibits) - [O2025-0016002 EDS.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/4148dfa5-2f2f-4d3e-b6f0-4f575edda119.pdf) (EDS) - [O2025-0016002 Exhibit B - Bond Indenture.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/f87de0cc-ea2b-4c60-aa7c-0e57106904bb.pdf) (Exhibits) - [O2025-0016002.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/921f58bc-65c6-40c1-b5fd-855b7d639fd8.pdf) (Legislation) - [O2025-0016002 Exhibit D - Land Use Restriction Agreement.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/116c2f60-b0b0-4b24-a85d-afd42adfa65e.pdf) (Exhibits) - [O2025-0016002 Exhibit A-1 - Affordable Project.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/722b3553-77d9-45c5-b222-df48becd59c2.pdf) (Exhibits) - [O2025-0016002 Exhibit E - Redevelopment Agreement.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/702a3111-2016-4d29-b817-30551af1464c.pdf) (Exhibits) - [O2025-0016002 Committee Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/babc0d9b-5cd1-4c09-a8fb-ae3671696bd7.pdf) (Committee Letter) - [SO2025-0016002 Signed By Mayor\_0838.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/a9d01415-a1de-4c62-895a-fae728c24680.pdf) (Legislation) --- Source: https://www.chicagopolitics.org/matter/435271A9-4AFF-EF11-9340-001DD804D44E · Chicago Politics, an independent, nonpartisan tracker of the Chicago City Council. 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