Revised Redevelopment Agreement adjusting payout terms of tax increment financing (TIF) funds to Chicago Cooperative regarding project delays to redevelop 4620 N Broadway into full service grocery store
- Record number: SO2024-0007864
- Type: Ordinance; category: Agreements
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Finance
- Introduction Date: Feb 21, 2024
- Final Action Date: Mar 20, 2024
- Official record: Office of the City Clerk
Roll call: Passed Mar 20, 2024
48 yea, 0 nay. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the City Council meeting of Mar 20, 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), 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)
Not voting (2): Felix Cardona Jr. (31), Carlos Ramirez-Rosa (former member)
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Timeline
- Feb 21, 2024: Referred, City Council. The matter was Referred to Committee.
- Mar 18, 2024: Substituted, Committee on Finance. The matter was substituted in committee.
- Mar 18, 2024: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
- Mar 20, 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.
- Mar 21, 2024: Signed by Mayor, City Council. The matter was Signed by the Mayor.
Documents
- SO2024-0007864 Revised Exh A Coop Redevelop Agree.pdf (Exhibits)
- SO2024-0007864 Committee Letter.pdf (Committee Letter)
- O2024-0007864.pdf (Legislation)
- SO2024-0007864 Substitute Ordinance.pdf (Legislation)
- O2024-0007864 Exhibit A - Revised Redevelopment Agreement.pdf (Exhibits)
- O2024-0007864 EDS.pdf (EDS)
- SO2024-0007864 Signed by Mayor .pdf (Legislation)
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- Fiscal Year 2027 Budget Recommendations (O2026-0029642, introduced Oct 21, 2026, Referred)
More on Agreements
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