Committee on Economic, Capital and Technology Development meeting, December 5, 2023
- When: Tue, Dec 5, 2023, 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 Economic, Capital and Technology Development
- Video: https://vimeo.com/showcase/8928495/video/889704449
- Transcript: full text (2,318 words, official 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 heard one public commenter, approved its November 2023 monthly report, and recommended passage of the 2023 budget, tax levy and management agreement for Special Service Area Number 10. The committee also recommended passage of a Class 6(b) property tax incentive for the Messner Group to build a 180,000-square-foot industrial warehouse at 328 West 40th Place in the 3rd Ward. Department of Planning and Development staff presented the project's estimated costs, tax savings, job commitments and MBE/WBE requirements, and members asked about the developer's track record on those requirements.
Topics: Class 6(b) tax incentive, Industrial development, Special Service Area 10, MBE/WBE compliance, Fuller Park, Public comment
Agenda items discussed
- 53:17 November 2023 monthly report: passed
- 53:47 2023 budget, tax levy and management agreement for Special Service Area Number 10: passed
- 54:45 Class 6(b) tax incentive for property at 328 West 40th Place: passed
Alderpersons who spoke
- Gilbert Villegas (chair): Said the developer is investing without a tenant yet and noted a prior ordinance requiring Class 6(b) recipients to report annually on MBE/WBE and job commitments. (1:02:55)
- Daniel La Spata (alderperson): Asked for the developer's track record in meeting MBE/WBE and city resident hiring requirements and how the project meets sustainable development policy metrics. (59:53); Said the Plan Commission is trying to ensure such targets are met and thanked the developer for sharing its track record. (1:01:52)