# Negotiated sale of City-owned property at 4704-4738 West Fifth Ave to and execution of redevelopment agreement with K Town BCP LLC for expansion of parking lot to service developer's new facility at 4646 W Fifth Ave [Votes](https://www.chicagopolitics.org/legislation) › [Housing and Real Estate](https://www.chicagopolitics.org/committee/housing-and-real-estate) - Record number: **O2024-0007912** - Type: Ordinance; category: Agreements - Status: Final - Sponsor: Johnson, Brandon - Committee: [Committee on Housing and Real Estate](https://www.chicagopolitics.org/committee/housing-and-real-estate) - Introduction Date: Feb 21, 2024 - Final Action Date: Mar 20, 2024 - Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=3A6169F9-C0D1-EE11-9078-001DD806E944) ## Roll call: Passed Mar 20, 2024 **48 yea, 0 nay.** On motion of Alderperson Sigcho-Lopez, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the [City Council meeting of Mar 20, 2024](https://www.chicagopolitics.org/meeting/64BAE44D-F9D0-EE11-9078-001DD806E542). **Yea (48)**: [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), [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), [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) **Not voting (2)**: [Felix Cardona Jr.](https://www.chicagopolitics.org/ward/31) (31), Carlos Ramirez-Rosa (former member) ## Plain-language summary > Written by AI (language model) from the ordinance text only. AI can make mistakes; the official document always wins. ## Timeline - Feb 21, 2024: Referred, City Council. The matter was Referred to Committee. - Mar 13, 2024: Recommended to Pass, Committee on Housing and Real Estate. The matter was recommended to Pass by controlling legislative body. - Mar 20, 2024: Passed, City Council (48 yea, 0 nay), at the [City Council meeting](https://www.chicagopolitics.org/meeting/64BAE44D-F9D0-EE11-9078-001DD806E542). On motion of Alderperson Sigcho-Lopez, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. ## Documents - [O2024-0007912 Ordinance Exh A.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/ed699a41-6af4-4b34-b3b0-d8c9bb09a9a7.pdf) (Exhibits) - [O2024-0007912 Ordinance Exh B Aerial.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/eb18922d-9e85-49ba-8dae-5d04a4f1d147.pdf) (Exhibits) - [O2024-0007912 Form Redev Agree Exh C.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/22b05f90-dc8e-444b-bc87-5f6f2fd17b43.pdf) (Exhibits) - [O2024-0007912 Exh C Scope Drawings to Redev Agree.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/ade405e0-1810-4d81-86b9-9221cba99dfc.pdf) (Exhibits) - [O2024-0007912 Exh D Escrow Agree Form.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/a421f216-dea7-46ac-9a8a-57fd183c7fd1.pdf) (Exhibits) - [O2024-0007912 Exh A Legal to Redev Agree.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/d1a2d70c-b891-4173-a146-2f02bb50bcdb.pdf) (Exhibits) - [O2024-0007912 Escrow Agree Schedule 1 Legal Descrip.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/7cfedbfc-73ae-4c4b-b81a-ac6cf6f5f2c6.pdf) (Exhibits) - [O2024-0007912 Escrow Agree Schedule 2 Disburse Joint Order Formd.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/5e31f7d0-d301-4ef8-ad97-bf8c32b2c282.pdf) (Exhibits) - [O2024-0007912 Escrow Agree Schedule 3 Contractor Work Reimburse Form.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/c57c0a94-bb78-48ac-a8d8-4e376453c2cf.pdf) (Exhibits) - [O2024-0007912 Escrow Agree Schedule 4 Approved Costs.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/25d62a1e-1f98-4252-a5cd-3324bd8857f6.pdf) (Exhibits) - [O2024-0007912 EDS K Town BCP LLC Raw -no Fein No..pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/c35d9ba8-08da-4122-b7af-28e8b3e7a7f6.pdf) (EDS) - [O2024-0007912 Yellowk DTS Cover.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/27e615f7-e6e0-483a-8281-beef58632c22.pdf) (Miscellaneous) - [O2024-0007912 Ordinance.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/6dbca5b9-71bd-4409-8816-fd8d749b9363.pdf) (Legislation) - [O2024-0007912 Exh B Legal of 4700 Parcel to Redev Agree.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/5c55219c-9e3d-4978-8221-27163d8f35bc.pdf) (Exhibits) - [O2024-0007912 Mayoral Introduction.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/e8d248c2-7d83-4379-bf38-ab7dcdb99f49.pdf) (Miscellaneous) - [O2024-0007912 Committee Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/031453c7-9998-408b-abb3-42f0532a624d.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)](https://www.chicagopolitics.org/matter/F2026-0029547-executive-order-no-senior-bill-rights) (F2026-0029547, introduced Dec 8, 2026, Placed on File) - [Issuance of general obligation bonds (2027-2028 General Obligation Borrowing Ordinance)](https://www.chicagopolitics.org/matter/O2026-0029650-issuance-general-obligation-bonds-general-obligation) (O2026-0029650, introduced Oct 21, 2026, Referred) - [Fiscal Year 2027 Budget Recommendations](https://www.chicagopolitics.org/matter/O2026-0029642-fiscal-year-2027-budget-recommendations) (O2026-0029642, introduced Oct 21, 2026, Referred) **More on Agreements** - [Redevelopment agreement with Oak-Larrabee LLC to provide tax increment financing (TIF) assistance for development of property at 955 N…](https://www.chicagopolitics.org/matter/O2026-0029418-redevelopment-agreement-oak-larrabee-llc-provide) (O2026-0029418, introduced Oct 14, 2026, Referred) - [First amendment to redevelopment agreement with 1539 N. Pulaski Road HHDC LP, 1539 N. Pulaski Road Charitable Corporation and Hispanic…](https://www.chicagopolitics.org/matter/O2026-0029408-first-redevelopment-agreement-1539-n-pulaski) (O2026-0029408, introduced Oct 14, 2026, Referred) - [Redevelopment agreement with North Lawndale Catalyst Initiative NFP to provide tax increment financing (TIF) assistance for development of…](https://www.chicagopolitics.org/matter/O2026-0028748-redevelopment-agreement-north-lawndale-catalyst-initiative) (O2026-0028748, introduced Sep 23, 2026, Passed) Sources and methods: [how we get and count this data](/about#methods) · [report an error](/about#corrections) --- Source: https://www.chicagopolitics.org/matter/O2024-0007912-negotiated-sale-city-owned-property-west · Chicago Politics, an independent tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt