Support of Class 6(b) tax incentive for property at 4204, 4208, 4210 and 4218-4232 W Lake St

Votes › Economic, Capital and Technology Development

Record number: O2024-0012501
Type: Ordinance; category: Tax Incentives
Status: Final
Sponsor: Johnson, Brandon
Committee: Committee on Economic, Capital and Technology Development
Introduction Date: Sep 18, 2024
Final Action Date: Oct 9, 2024
Official record: Office of the City Clerk

Roll call: Passed Oct 9, 2024

48 yea, 0 nay, 1 absent. On motion of Alderperson Villegas, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the City Council meeting of Oct 9, 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), 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)

Absent (1): Emma Mitts (37)

Not voting (1): Carlos Ramirez-Rosa (former member)

Impact report

Written by AI from the official document. AI can make mistakes; the official document always wins.

The City Council committee recommends passing an ordinance that supports a Class 6(b) tax incentive for property at 4204, 4208, 4210 and 4218-4232 W Lake St.

Who it affects

Owners of the property at 4204, 4208, 4210 and 4218-4232 W Lake St: The property would receive city support for a Class 6(b) tax incentive.

What changes

The City would formally support a Class 6(b) tax incentive for the listed W Lake St properties.
The Committee on Economic, Capital, and Technology Development recommended 'Do Pass' in a voice vote with no dissenting votes.

Where: 4204 W Lake St; 4208 W Lake St; 4210 W Lake St; 4218-4232 W Lake St

Timeline

Sep 18, 2024: Referred, City Council. The matter was Referred to Committee.
Oct 7, 2024: Recommended to Pass, Committee on Economic, Capital and Technology Development. The matter was recommended to Pass by controlling legislative body.
Oct 9, 2024: Passed, City Council (48 yea, 0 nay), at the City Council meeting. On motion of Alderperson Villegas, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.

Documents

O2024-0012501 Transmittal Letter.pdf (Miscellaneous)
O2024-0012501.pdf (Legislation)
O2024-0012501 Exhibit A - Legal Description.pdf (Exhibits)
O2024-0012501 class 6b W Lake Street.pdf (Committee Letter)
O2024-0012501 Exhibit B - Redevelopment Agreement.pdf (Exhibits)
O2024-0012501 EDS.pdf (EDS)

Lobbying and money

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

Who lobbied on it

Lake Keeler, LLC: APPROVAL OF ACQUISITION OF CITY-OWNED LOTS AND MISC. ZONING APPROVALS AT 4204-32 W. LAKE STREET (26 filings, Apr 1, 2024 to Dec 31, 2024; Bridget O'Keefe, Janet Stengle; matched by street address)

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More on Tax Incentives

Amendment of authorizing ordinance in support of Class 6(b) tax incentive for property at 1001 W 119th St (O2026-0028867, introduced Sep 23, 2026, Passed)
Support of Class 6(b) tax incentive for property at 1120 W Exchange Ave (O2026-0027316, introduced Jul 15, 2026, Passed)
Support of Class 6(b) tax incentive for property at 1951 W Hastings St (Metro Edge) (O2026-0025296, introduced May 20, 2026, Referred)

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