Issuance of multi-family housing revenue bonds and other financial assistance to New City Redevelopment Limited Partnership for acquisition and rehabilitation of affordable housing at 1515 and 1635-1643 W 47th St
- Record number: O2023-0005765
- Type: Ordinance; category: Bonds & Bond Issues
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Finance
- Introduction Date: Nov 1, 2023
- Final Action Date: Dec 13, 2023
- Official record: Office of the City Clerk
Roll call: Passed Dec 13, 2023
49 yea, 0 nay. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Hopkins, the matter was Passed. Voted at the City Council meeting of Dec 13, 2023.
Yea (49): 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), Jeanette B. Taylor (20), Ronnie L. Mosley (21), Michael D. Rodriguez (22), Silvana Tabares (23), Monique L. Scott (24), Byron Sigcho-López (25), 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), 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), Carlos Ramirez-Rosa (former member)
Not voting (1): Rossana Rodríguez Sánchez (33)
Plain-language summary
Written by AI (language model) from the ordinance text only. AI can make mistakes; the official document always wins.
Timeline
- Nov 1, 2023: Referred, City Council. The matter was Referred to Committee.
- Dec 11, 2023: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
- Dec 13, 2023: Passed, City Council (49 yea, 0 nay), at the City Council meeting. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Hopkins, the matter was Passed.
Documents
- O2023-0005765 Exhibit A - Financing.pdf (Exhibits)
- O2023-0005765 Exhibit C - Form of Loan Agreement.pdf (Exhibits)
- O2023-0005765 Exhibit E - Form of Redevelopment Agreement.pdf (Exhibits)
- O2023-0005765 Exhibit B - Form of Indenture.pdf (Exhibits)
- O2023-0005765 Exhibit F - Property Description.pdf (Exhibits)
- O2023-0005765 EDS.pdf (EDS)
- O2023-0005765.pdf (Legislation)
- O2023-0005765 Exhibit D - Form of Land Use Restriction Agreement.pdf (Exhibits)
- O2023-0005765 Letter.pdf (Committee Letter)
Related legislation
More from Johnson, Brandon
- Executive Order No. 2026-7 (Senior Bill of Rights and Establishing the Mayor's Office on Aging) (F2026-0029547, introduced Dec 8, 2026, Placed on File)
- Issuance of general obligation bonds (2027-2028 General Obligation Borrowing Ordinance) (O2026-0029650, introduced Oct 21, 2026, Referred)
- Fiscal Year 2027 Budget Recommendations (O2026-0029642, introduced Oct 21, 2026, Referred)
More on Bonds & Bond Issues
- City of Chicago Fifth Supplemental Indenture and issuance of Second Lien Wastewater Transmission Revenue Bonds, Project and Refunding… (O2026-0029409, introduced Oct 14, 2026, Referred)
- Authorization to utilize proceeds from 2024 Bond Funds for working families to purchase new construction affordable homes produced by… (O2026-0029209, introduced Oct 14, 2026, Referred)
- Issuance of Chicago O'Hare International Airport Senior Lien Revenue Bonds (O2026-0026370, introduced Jun 17, 2026, Passed)
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