First amendment to redevelopment agreement with NP Avenue O LLC to provide tax increment financing (TIF) funds for improvements at Commerce Park

Record number: O2024-0008340
Type: Ordinance; category: Agreements
Status: Final
Sponsor: Johnson, Brandon
Committee: Committee on Finance
Introduction Date: Mar 20, 2024
Final Action Date: May 22, 2024
Official record: Office of the City Clerk

Roll call: Passed May 22, 2024

47 yea, 1 nay, 2 absent. This was a divided vote. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Harris, the matter was Passed. Voted at the City Council meeting of May 22, 2024.

Nay (1): Pat Dowell (3)

Yea (47): Daniel La Spata (1), Brian Hopkins (2), Lamont J. Robinson (4), Desmon C. Yancy (5), William E. Hall (6), 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), Rossana Rodríguez Sánchez (33), William Conway (34), Gilbert Villegas (36), 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)

Absent (2): Gregory I. Mitchell (7), Emma Mitts (37)

Plain-language summary

Written by AI (language model) from the ordinance text only. AI can make mistakes; the official document always wins.

Timeline

Mar 20, 2024: Referred, City Council. The matter was Referred to Committee.
May 13, 2024: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
May 22, 2024: Passed, City Council (47 yea, 1 nay), at the City Council meeting. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Harris, the matter was Passed.

Documents

8340 Letter.pdf (Committee Letter)
O2024-0008340 Transmittal Letter.pdf (Miscellaneous)
O2024-0008340 Exhibit A - First Amendment to Redevelopment Agreement.pdf (Exhibits)
O2024-0008340 EDS.pdf (EDS)
O2024-0008340.pdf (Legislation)

Lobbying and money

Computed links; money near a vote is not evidence that it influenced the vote.

Who lobbied on it

Portage Park Capital, LLC: AMENDMENT TO REDEVELOPMENT AGREEMENT AND CLOSING OF REDEVELOPMENT AGREEMENT (1 filing, Jan 1, 2024 to Mar 31, 2024; Andrew Scott; matched by semantic embedding)

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