Issuance of governmental note, construction loan, tax increment financing (TIF) grant and other financial assistance to and execution of redevelopment agreement with Care Manor I LP for acquiring, leasing, constructing, developing and equipping of affordable residential housing at 4531-4533 and 4549-4555 W Washington Blvd
- Record number: O2024-0010978
- Type: Ordinance; category: Agreements
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Finance
- Introduced: Jul 17, 2024
- Final action: Sep 18, 2024
- Official record: Office of the City Clerk
Roll call: Passed Sep 18, 2024
48 yea, 0 nay, 2 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 Sep 18, 2024.
Yea (47): 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), Jeylú B. Gutiérrez (14), Raymond A. Lopez (15), Stephanie D. Coleman (16), David H. Moore (17), Derrick G. Curtis (18), Matthew J. O'Shea (19), Ronnie L. Mosley (21), Michael D. Rodriguez (22), Silvana Tabares (23), Monique L. Scott (24), Byron Sigcho-López (25), Jessica L. Fuentes (26), Jason C. Ervin (28), Chris Taliaferro (29), Ruth Cruz (30), Felix Cardona Jr. (31), Scott Waguespack (32), Rossana Rodríguez Sánchez (33), William Conway (34), Gilbert Villegas (36), Emma Mitts (37), 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 (2): Jeanette B. Taylor (20), Walter R. Burnett (27)
Former members who voted: Carlos Ramirez-Rosa (Yea)
Timeline
- Jul 17, 2024: Referred, City Council
- Sep 16, 2024: Recommended to Pass, Committee on Finance
- Sep 18, 2024: Passed, City Council
Documents
- O2024-0010978 Exhibit D - Land Use Restriction Agreement.pdf (Exhibits)
- O2024-0010978 Exhibit B - Funding Loan Agreement.pdf (Exhibits)
- O2024-0010978.pdf (Legislation)
- O2024-0010978 Exhibit C - Borrower Loan Agreement.pdf (Exhibits)
- O2024-0010978 Committee Letter.pdf (Committee Letter)
- O2024-0010978 Exhibit F - Legal Description.pdf (Exhibits)
- O2024-0010978 Exhibit A - Financing.pdf (Exhibits)
- O2024-0010978 EDS.pdf (EDS)
- O2024-0010978 Exhibit E - Redevelopment Agreement.pdf (Exhibits)
- O2024-0010978 Mayoral Letter.pdf (Miscellaneous)