Issuance of governmental note, construction loan, tax increment financing (TIF) grant and other financial assistance to and execution of redevelopment agreement with Care Manor I LP for acquiring, leasing, constructing, developing and equipping of affordable residential housing at 4531-4533 and 4549-4555 W Washington Blvd
- Record number: O2024-0010978
- Type: Ordinance; category: Agreements
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Finance
- Introduction Date: Jul 17, 2024
- Final Action Date: Sep 18, 2024
- Official record: Office of the City Clerk
Roll call: Passed Sep 18, 2024
48 yea, 0 nay, 2 absent. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the City Council meeting of Sep 18, 2024.
Yea (48): 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), Ronnie L. Mosley (21), Michael D. Rodriguez (22), Silvana Tabares (23), Monique L. Scott (24), Byron Sigcho-López (25), Jessica L. Fuentes (26), 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), 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)
Absent (2): Jeanette B. Taylor (20), Walter R. Burnett (27)
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Plain-language summary
Written by AI (language model) from the ordinance text only. AI can make mistakes; the official document always wins.
Timeline
- Jul 17, 2024: Referred, City Council. The matter was Referred to Committee.
- Sep 16, 2024: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
- Sep 18, 2024: Passed, City Council (48 yea, 0 nay), at the City Council meeting. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.
Documents
- O2024-0010978 Exhibit D - Land Use Restriction Agreement.pdf (Exhibits)
- O2024-0010978 Exhibit B - Funding Loan Agreement.pdf (Exhibits)
- O2024-0010978.pdf (Legislation)
- O2024-0010978 Exhibit C - Borrower Loan Agreement.pdf (Exhibits)
- O2024-0010978 Committee Letter.pdf (Committee Letter)
- O2024-0010978 Exhibit F - Legal Description.pdf (Exhibits)
- O2024-0010978 Exhibit A - Financing.pdf (Exhibits)
- O2024-0010978 EDS.pdf (EDS)
- O2024-0010978 Exhibit E - Redevelopment Agreement.pdf (Exhibits)
- O2024-0010978 Mayoral Letter.pdf (Miscellaneous)
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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
- Redevelopment agreement with Oak-Larrabee LLC to provide tax increment financing (TIF) assistance for development of property at 955 N… (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… (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… (O2026-0028748, introduced Sep 23, 2026, Passed)
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