# Financial restructuring, sale, transfer of ownership and assumption of City debt from Ellis Neighborhood Development Corporation to Veritus Karibuni LLC of permanent supportive living facility at 8200 S Ellis Ave [Votes](https://www.chicagopolitics.org/legislation) › [Housing and Real Estate](https://www.chicagopolitics.org/committee/housing-and-real-estate) Clerk's short name: Restructuring Agreement of ownership and City debt for supportive living 82200 S Ellis Ave - Record number: **O2024-0012550** - 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: Sep 18, 2024 - Final Action Date: Oct 9, 2024 - Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=1347E240-C179-EF11-A671-001DD804C7AB) ## Roll call: Passed Oct 9, 2024 **48 yea, 0 nay, 1 absent.** 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 Oct 9, 2024](https://www.chicagopolitics.org/meeting/B794528A-0E76-EF11-A671-001DD804C7AB). **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), [Felix Cardona Jr.](https://www.chicagopolitics.org/ward/31) (31), [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), [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) **Absent (1)**: [Emma Mitts](https://www.chicagopolitics.org/ward/37) (37) **Not voting (1)**: 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 - Sep 18, 2024: Referred, City Council. The matter was Referred to Committee. - Oct 1, 2024: Recommended to Pass, Committee on Housing and Real Estate. 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](https://www.chicagopolitics.org/meeting/B794528A-0E76-EF11-A671-001DD804C7AB). On motion of Alderperson Sigcho-Lopez, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. ## Documents - [O2024-0012550 l Legislation.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/33153e29-d214-4721-8400-a9f7dc6c56a2.pdf) (Legislation) - [O2024-0012550 Digital Tracking Sheet.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/db0d32dd-b75a-4b76-8044-178f837f7efb.pdf) (Miscellaneous) - [O2024-0012550 Committee Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/153079b4-11a7-431d-878c-ec90bc340a67.pdf) (Committee Letter) - [20224-0012550 EDSs\_Redacted.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/f64c487e-1a0f-4a3a-9ff8-34cbc8225de1.pdf) (EDS) - [O2024-0012550 Mayorall Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/ff907c60-3131-450d-ad6f-79246899774e.pdf) (Miscellaneous) ## 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** - [Amended operator agreement with Lyft Bikes and Scooters LLC for operation and management of Divvy for Everyone bike sharing system](https://www.chicagopolitics.org/matter/O2026-0028871-amended-operator-agreement-lyft-bikes-scooters) (O2026-0028871, introduced Sep 23, 2026, Held in Committee) - [Local government agreement with U.S. Department of Urban and Housing Development (HUD) regarding HUD foreclosure of parcels located in…](https://www.chicagopolitics.org/matter/O2026-0026247-local-government-agreement-u-s-department) (O2026-0026247, introduced Jun 17, 2026, Passed) - [Authorization to approve ownership transfer of Chicago Parking Meters LLC membership interests to Stonepeak Partners LP pursuant to…](https://www.chicagopolitics.org/matter/SO2026-0025407-authorization-approve-ownership-transfer-chicago-parking) (SO2026-0025407, introduced May 20, 2026, Signed) Sources and methods: [how we get and count this data](/about#methods) · [report an error](/about#corrections) --- Source: https://www.chicagopolitics.org/matter/O2024-0012550-financial-restructuring-sale-transfer-ownership-assumption · Chicago Politics, an independent tracker of the Chicago City Council. 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