Restructuring agreement and transfer of ownership to 1668 W Ogden Ave LLC as replacement borrower of City loans for new mortgage regarding ReVive Cressey Center, 1660-1674 W Ogden Ave

Votes › Finance

• Record number: O2023-0005982
• Type: Ordinance; category: Agreements
• Status: Final
• Sponsor: Johnson, Brandon
• Committee: Committee on Finance
• Introduction Date: Nov 15, 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 15, 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

• O2023-0005982 Letter.pdf (Committee Letter)
• O2023-0005982.pdf (Legislation)
• O2023-0005982 EDS.pdf (EDS)

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 Agreements

• Issuance of Multi-Family Program Funds to 3301 W Palmer LLC for acquisition and preservation of Palmer Place Apartments at 3301 W Palmer St (O2026-0029417, introduced Oct 14, 2026, Referred)
• Issuance of Multi-Family Program Funds and other financial assistance to MPC Phase I 9% LLC for development of Morgan Park Commons Phase I… (O2026-0029413, introduced Oct 14, 2026, Referred)
• Issuance of Multi-Family Program Funds and other financial assistance to MPC Phase I 4% LLC for development of Morgan Park Commons Phase I… (O2026-0029412, introduced Oct 14, 2026, Referred)

Sources and methods: how we get and count this data · report an error