Committee on Finance meeting, January 13, 2025

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 Finance heard five public commenters, including speakers on police misconduct settlements and wrongful convictions, and approved its December 2024 Rule 45 report. It recommended passage of three ordinances amending the Diversey/Chicago River TIF district to include the full Lathrop Homes site for redevelopment of the southern portion, with Alderperson Jeanette B. Taylor recorded as voting no, after members questioned CHA's pace of redevelopment and the developer. The committee recommended six lawsuit settlements: $130,000 for a child struck by a police commander's car, $975,000 for a man who died after paramedics did not transport him, $4.5 million for a pedestrian killed during a police pursuit, $7.5 million in a case tied to former Sergeant Ronald Watts, $8.75 million to Mark Maxon and $17.5 million to Thomas Sierra in wrongful conviction cases, with some members recorded as voting no on two of them. It also recommended a two-year building permit fee waiver for MPEA's renovation of the Hyatt Regency McCormick Place and placed small claims and a tag day permit on the omnibus or on file.

Topics: Lathrop Homes TIF expansion, Police misconduct settlements, Wrongful conviction settlements, Police pursuit policy, Ronald Watts cases, MPEA fee waiver, Public comment

Agenda items discussed

Alderpersons who spoke

Exchanges between members

Documents