# Committee on Finance meeting, April 13, 2026

- When: Mon, Apr 13, 2026, 10:00 AM (Chicago time)
- Where: City Council Chamber, 2nd Floor, City Hall, 121 North LaSalle Street - Chicago, IL 60602
- Status: Scheduled & Published
- Committee: [Committee on Finance](https://www.chicagopolitics.org/committee/finance)
- Video: https://vimeo.com/manage/videos/1181636251
- Transcript: [full text](https://www.chicagopolitics.org/files/transcripts/1181636251.txt) (27,660 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 Finance Committee held a TEFRA public hearing on the Lathrop Redevelopment Phase 1C bond issuance, approved several settlement authorizations, and adopted multiple bond and financing ordinances, including water revenue bonds, multifamily housing bonds, and a tobacco-tax resolution. Motions to allow remote participation and to approve routine reports also passed. The meeting concluded with a motion to adjourn.

Topics: Lathrop redevelopment TEFRA hearing, Settlement authorizations (Wordlaw, Reid), Water revenue bonds, Multifamily housing bonds and TIF, Hub 32 project financing, Workforce Solutions amendment, Tobacco tax authority resolution, Public comments

### Agenda items discussed

- [9:47](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=587) TEFRA public hearing – Lathrop Redevelopment Phase 1C multifamily housing bonds: discussed
- [11:27](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=687) Motion to allow remote participation for Aldermen Irvin, Vasquez, Hopkins, and Mitchell: passed
- [36:32](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=2192) March 2026 monthly Rule 45 report: passed
- [37:01](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=2221) Department of Law communication reports (March 2026 verdicts, judgments, settlements): passed
- [37:43](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=2263) Settlement order – Derrick & Camille Wordlaw case (Item 2A): passed
- [53:14](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=3194) Settlement order – Carl Reid case (Item 2B): passed
- [1:02:06](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=3726) Ordinance authorizing issuance of water revenue bonds (Series A, B, C): passed
- [1:51:59](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=6719) Substitute ordinance – Lathrop Preservation Phase 1C multifamily housing bonds and TIF: passed
- [2:27:28](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=8848) Substitute ordinance – Hub 32 multifamily loan, TIF loan, and parcel conveyance: passed
- [2:44:19](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=9859) Substitute ordinance – Department of Housing financial assistance for 201 N Kedzie Ave: passed
- [2:43:59](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=9839) Amendment to Workforce Solutions ordinance (expanding TIF coverage): passed
- [3:11:41](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=11501) Direct introduction – Resolution urging state legislation to tax additional tobacco products: passed
- [3:20:05](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=12005) Direct introduction – Permit for Children International charitable solicitation (2026): passed

### Alderpersons who spoke

- [Pat Dowell](https://www.chicagopolitics.org/ward/3) (chair): Acknowledged Aldermen Harris, Mitts, Rodriguez Sanchez, O'Shea, Burnett, and Rodriguez as joining the meeting. ([21:42](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=1302)); Closed the TEFRA public hearing on the Lathrop bond plan. ([26:23](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=1583)); Called Jessica Jackson to proceed with her public comment. ([30:02](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=1802))
- [William Conway](https://www.chicagopolitics.org/ward/34) (chair (vice chair)): Moved to recommend approval of the March 2026 Rule 45 report. ([36:46](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=2206)); Moved to recommend approval of the Wordlaw settlement (Item 2A). ([52:59](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=3179)); Moved to recommend approval of the Carl Reid settlement (Item 2B). ([1:01:36](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=3696))
- [Ronnie L. Mosley](https://www.chicagopolitics.org/ward/21) (alderperson): Proposed a motion to allow remote participation for four aldermen. ([11:34](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=694))
- [Raymond A. Lopez](https://www.chicagopolitics.org/ward/15) (alderperson): Asked whether the inadmissible aspects of the Wordlaw case apply to all motor vehicles. ([44:13](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=2653)); Inquired whether a statute could cure the inadmissibility issue. ([47:33](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=2853)); Requested data on the number of similar lawsuits in the city’s pipeline. ([52:13](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=3133))
- [Jeanette B. Taylor](https://www.chicagopolitics.org/ward/20) (alderperson): Asked whether the injured motorcyclist was wearing a helmet. ([42:37](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=2557)); Moved to accept the substitute ordinance for the Hub 32 project. ([2:27:28](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=8848))
- [James M. Gardiner](https://www.chicagopolitics.org/ward/45) (alderperson): Moved to recommend approval of the March 2026 Rule 45 report. ([36:46](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=2206)); Clarified the question about helmet admissibility for the Wordlaw case. ([44:36](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=2676)); Stated that a statute could not cure the inadmissibility issue. ([47:24](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=2844))
- [Matthew J. O'Shea](https://www.chicagopolitics.org/ward/19) (alderperson): Moved to approve the Wordlaw settlement (Item 2A). ([52:59](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=3179))
- [Michelle A. Harris](https://www.chicagopolitics.org/ward/8) (alderperson): Co-sponsored the tobacco-tax resolution with the mayor. ([3:12:07](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=11527)); Moved to approve the tobacco-tax resolution. ([2:43:30](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=9810))
- [Scott Waguespack](https://www.chicagopolitics.org/ward/32) (alderperson): Expressed strong support for the Lathrop housing bond transaction. ([2:11:56](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=7916)); Thanked the presenters and urged committee’s favorable consideration of the Lathrop item. ([2:27:03](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=8823))
- [Jason C. Ervin](https://www.chicagopolitics.org/ward/28) (alderperson): Identified himself and requested data on MBE/WBE participation in risk-management contracts. ([1:17:56](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=4676))
- [Nicholas Sposato](https://www.chicagopolitics.org/ward/38) (alderperson)
- [Nicholas Sposato](https://www.chicagopolitics.org/ward/38) (alderperson): Asked the CFO about the PMO and construction-management contracts and their Chicago-headquartered firms. ([51:18](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=3078)); Requested clarification on veteran-owned business participation goals in the Lathrop project. ([1:46:42](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=6402))

### Exchanges between members

- [44:36](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=2676) Alderman Raymond A. Lopez asked whether the inadmissible aspects of the Wordlaw case apply to all motor vehicles; Alderman Riley clarified the question.
- [47:30](https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34?t=2850) Alderman Riley replied that a statute could not cure the inadmissibility issue raised by Alderman Raymond A. Lopez.

## Documents

- [Notice](https://www.chicagopolitics.org/files/clerk/meetingattachmentspublic/9f975cbf-33db-4519-8a1d-904c06f5f564.pdf)

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Source: https://www.chicagopolitics.org/meeting/33C733F6-882F-F111-8341-001DD80A9E34 · Chicago Politics, an independent, nonpartisan tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt