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Support of Class 7(b) Tax incentive for property at 1931-1935 W Madison St, 1950-1956 and 1830-1859 W Adams St, 121 S Damen Ave and 1728, 1859 and 1925 W Monroe St

Legislation tracker › Economic, Capital and Technology Development

Record number: O2026-0024099
Type: Ordinance; category: Tax Incentives
Status: Final (Passed)
Sponsor: Johnson, Brandon
Committee: Committee on Economic, Capital and Technology Development
Submitted Date: Mar 18, 2026
Introduction Date: Mar 18, 2026
Final Action Date: May 20, 2026
Official record: Office of the City Clerk

Timeline

Mar 18, 2026: Referred, City Council. The matter was Referred to Committee.
May 11, 2026: Recommended to Pass, Committee on Economic, Capital and Technology Development. The matter was recommended to Pass by controlling legislative body.
May 20, 2026: Passed, City Council (50 yea, 0 nay), at the City Council meeting. On motion of Alderperson Curtis, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.

Documents

O2026-0024099 EDS_Redacted.pdf (EDS)
O2026-0024099 Ex A.pdf (Exhibits)
O2026-0024099 Ex B - RDA with subexhibits A thru E.pdf (Exhibits)
O2026-0024099 Ordinance.pdf (Legislation)
O2026-0024099 Mayoral Letter.pdf (Miscellaneous)

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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 Tax Incentives

Support of Class 7(b) tax incentive for property at 2640-2646 W Madison St (O2026-0025490, introduced May 20, 2026, Passed)
Support of Class 7(b) tax incentive for property at 1210 W 59th St (O2025-0018800, introduced Jul 16, 2025, Passed)
Support of Class 7(b) Tax incentive for property at 777 W Chicago Ave (O2025-0014844, introduced Jan 15, 2025, Referred)

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