Committee on Economic, Capital and Technology Development meeting, June 11, 2026
- When: Thu, Jun 11, 2026, 11:00 AM (Chicago time)
- Where: 201A, 2nd Floor, City Hall, 121 North LaSalle Street - Chicago, IL 60602
- Status: Scheduled & Published
- Committee: Committee on Economic, Capital and Technology Development
- Video: https://vimeo.com/showcase/8928495?video=1200176629
- Transcript: full text (6,020 words, automatic captions)
Meeting notes
AI-written from the transcript. Speakers are inferred from cues in the recording, so treat names as estimates and check the video at the linked time.
The Committee on Economic, Capital and Technology Development convened, approved the May 2026 monthly report, and confirmed a series of appointments and reappointments to Special Service Areas. The committee also adopted substitute ordinances designating service providers for SSA 59-2022 and SSA 3, approved a Class 7B tax incentive for a West Madison property, and deferred a resolution supporting a U.S.–Taiwan partnership. Two members of the public provided remarks.
Topics: May 2026 monthly report, SSA appointments and reappointments, SSA 59 substitute ordinance, SSA 3 substitute ordinance, 7B tax incentive for West Madison, Resolution on U.S.–Taiwan partnership
Agenda items discussed
- 54:18 Approval of May 2026 monthly report: passed
- 54:52 Appointments and reappointments to Special Service Areas (items 1-23): passed
- 1:07:41 Ordinance amendment – substitute ordinance for SSA 59-2022: passed
- 1:14:18 Ordinance amendment – substitute ordinance for SSA 3 (63rd Street): passed
- 1:17:06 Class 7B tax incentive for property at 2640-2646 West Madison: discussed
- 1:29:08 Resolution supporting U.S. partnership with Taiwan (deferred): deferred
Alderpersons who spoke
- Raymond A. Lopez (alderperson): Moved to allow remote participants to join the meeting. (47:37); Called for a vote on the motion, receiving affirmative response. (47:45)
- Felix Cardona Jr. (alderperson)
- Ruth Cruz (alderperson)
- Jeylú B. Gutiérrez (alderperson)
- Nicole T. Lee (alderperson): Asked for the purchase price of the Madison Street property. (1:24:20)
- Scott Waguespack (alderperson): Requested clarification from the commissioner about the number of aldermen involved in SSA issues. (1:12:08); Asked Mr. Bumpers to revisit a budget page during the tax-incentive discussion. (1:22:50)
- Peter Chico (alderperson): Indicated remote participation request for the meeting. (46:10)
- Gregory I. Mitchell (alderperson): Indicated remote participation request for the meeting. (46:10)
- Ronnie L. Mosley (alderperson): Indicated remote participation request for the meeting. (46:10)
- Anthony V. Napolitano (alderperson): Indicated remote participation request for the meeting. (46:10)
- Silvana Tabares (alderperson): Confirmed her presence on the Zoom call. (46:47); Asked the commissioner to clarify whether the discussion pertained to SSA 59. (1:13:03); Moved to recommend approval of the substitute ordinance for SSA 59. (1:13:42)
- Emma Mitts (alderperson)
- David H. Moore (alderperson)
Exchanges between members
- 1:11:26 Alderman Scott Waguespack moved to accept Alderman Ronnie L. Mosley presence for quorum.