Issuance of financial assistance to 208 LaSalle Affordable L.P. and 208 LaSalle Market Landlord LLC for acquisition, construction, rehabilitation and equipping of affordable and market rate housing projects at 208 S LaSalle St
- Record number: O2025-0016003
- Type: Ordinance; category: Agreements
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Finance
- Introduction Date: Mar 12, 2025
- Final Action Date: Apr 16, 2025
- Official record: Office of the City Clerk
Roll call: Passed Apr 16, 2025
49 yea, 1 nay. This was a divided vote. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the City Council meeting of Apr 16, 2025.
Nay (1): Raymond A. Lopez (15)
Yea (49): 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), 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), Anthony J. Quezada (35), 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)
Plain-language summary
Written by AI (language model) from the ordinance text only. AI can make mistakes; the official document always wins.
Timeline
- Mar 12, 2025: Referred, City Council. The matter was Referred to Committee.
- Apr 14, 2025: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
- Apr 16, 2025: Signed by Mayor, City Council. The matter was Signed by the Mayor.
- Apr 16, 2025: Passed, City Council (49 yea, 1 nay), at the City Council meeting. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.
Documents
- O2025-0016003 Exhibit C - Loan Agreement.pdf (Exhibits)
- O2025-0016003 Exhibit E - Redevelopment Agreement.pdf (Exhibits)
- O2025-0016003 EDS.pdf (EDS)
- O2025-0016003.pdf (Legislation)
- O2025-0016003 Exhibit B - Bond Indenture.pdf (Exhibits)
- O2025-0016003 Transmittal Letter.pdf (Miscellaneous)
- O2025-0016003 Exhibit A-1 - Affordable Project.pdf (Exhibits)
- O2025-0016003 Exhibit D - Land Use Restriction Agreement.pdf (Exhibits)
- O2025-0016003 Exhibit F - Project Site.pdf (Exhibits)
- O2025-0016003 Exhibit A-2 - Market Rate Project.pdf (Exhibits)
- O2025-0016003 Committee Letter.pdf (Committee Letter)
- SO2025-0016003 Signed By Mayor_0840.pdf (Legislation)
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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