# Amended redevelopment agreement with Institute of Cultural Affairs to provide tax increment financing (TIF) assistance for property at 4750 N Sheridan Rd

- Record number: **O2026-0024063**
- Type: Ordinance; category: Agreements
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Finance
- Introduced: Mar 18, 2026
- Final action: Apr 15, 2026
- Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=EED030A8-E122-F111-8341-001DD80C2AAC)

## Roll call: Passed Apr 15, 2026

**50 yea, 0 nay.** 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 15, 2026](https://www.chicagopolitics.org/meeting/2EA74F29-8923-F111-8341-001DD80B1275).

**Yea (50)**: [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), [Raymond A. Lopez](https://www.chicagopolitics.org/ward/15) (15), [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)

## Timeline

- Mar 18, 2026: Referred, City Council
- Apr 13, 2026: Recommended to Pass, Committee on Finance
- Apr 15, 2026: Passed, City Council

## Documents

- [O2026-0024063 Ordinance and Ex A to Ordinance - RDA.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/45d1abc9-b753-448a-9996-ded67e696fba.pdf) (Legislation)
- [O2026-0024063 Ex D.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/84f22309-5962-4aac-8a5f-ba22e083a1c4.pdf) (Exhibits)
- [O2026-0024063 EDS\_Redacted.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/fbded59c-f99d-4d03-bdb5-91f689483888.pdf) (EDS)
- [O2026-0024063 C.L..pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/08123b94-1c7b-4628-9faa-81218177fac1.pdf) (Committee Letter)
- [O2026-0024063 Ex E.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/499b4825-8383-4a5b-bf94-25266c89db11.pdf) (Exhibits)
- [O2026-0024063 Ex A.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/ff4588a2-6f9b-4aa0-8784-c7cd610ba953.pdf) (Exhibits)
- [O2026-0024063 Ex F.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/d55b1b28-d0af-446d-bd00-8b2065ca4f61.pdf) (Exhibits)
- [O2026-0024063 Ex B.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/7f5cd125-2b35-48f8-92dc-993bc1e364e3.pdf) (Exhibits)
- [O2026-0024063 Ex C.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/014cc0db-912c-438f-9e6e-1e6b0ad2ac2a.pdf) (Exhibits)
- [O2026-0024063 Mayoral Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/65597c1e-9eeb-419f-b1fc-b510cadae1fb.pdf) (Miscellaneous)

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Source: https://www.chicagopolitics.org/matter/EED030A8-E122-F111-8341-001DD80C2AAC · Chicago Politics, an independent, nonpartisan tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt