# Committee on Finance meeting, January 14, 2026

- When: Wed, Jan 14, 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/1154082574?
- Transcript: [full text](https://www.chicagopolitics.org/files/transcripts/1154082574.txt) (29,053 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 quorum and considered twelve agenda items, including routine reporting, several settlement approvals, a $22 million police-pursuit settlement, a substitute ordinance to create a Tourism Improvement District (TID), a TIF amendment for a LaSalle redevelopment, a TIF amendment for a Sinai health project, a HUD-loan ordinance for the Congress Theater, and two miscellaneous small-claims items. All items were passed or reported out with a do-pass recommendation. Public comment was limited to four speakers.

Topics: Rule 45 monthly report, Case report communications, Police-pursuit settlement, Tourism Improvement District, LaSalle Street TIF redevelopment, Sinai Health System TIF amendment, HUD Section 108 loan for Congress Theater, Revenue ordinance adjustments, Small-claims payments

### Agenda items discussed

- [34:21](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=2061) Approval of the December 2025 monthly Rule 45 report: passed
- [34:49](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=2089) Communication transmitting case reports for November 2025: passed
- [35:10](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=2110) Communication transmitting case reports for December 2025: passed
- [35:30](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=2130) Department of Law settlement recommendation (Nicholas Santos v. City of Chicago) – $162,500: passed
- [41:48](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=2508) Settlement of Tim Anderson et al. v. David Brown et al. – $875,000: passed
- [42:33](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=2553) Police-pursuit settlement – $22 million: passed
- [1:21:00](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=4860) Substitute resolution establishing a Tourism Improvement District (TID) – 1.5 % hotel assessment: passed
- [1:27:32](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=5252) Substitute ordinance authorizing $57 million TIF for 30 North LaSalle redevelopment: passed
- [2:52:08](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=10328) Amendment to the Sinai Health System TIF redevelopment agreement: passed
- [3:04:07](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=11047) HUD Section 108 loan ordinance for the Congress Theater redevelopment: passed
- [3:22:43](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=12163) Revenue ordinance amendment (congestion fee and liquor date changes): passed
- [3:23:02](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=12182) Miscellaneous small-claims payments – approval: passed
- [3:23:15](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=12195) Miscellaneous small-claims payments – denial: passed

### Alderpersons who spoke

- [Brian Hopkins](https://www.chicagopolitics.org/ward/2) (alderperson): Moved to approve the $22 million police-pursuit settlement. ([41:19](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=2479)); Moved a motion to report the police-pursuit settlement recommendation out to City Council. ([1:20:25](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=4825))
- [William E. Hall](https://www.chicagopolitics.org/ward/6) (alderperson): Requested remote participation under Rule 59. ([1:17:08](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=4628)); Motion made to allow Hall to participate remotely was approved. ([1:17:32](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=4652))
- [Raymond A. Lopez](https://www.chicagopolitics.org/ward/15) (alderperson): Moved to approve the $22 million police-pursuit settlement. ([41:19](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=2479)); Moved a motion to report the police-pursuit settlement recommendation out to City Council. ([1:20:25](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=4825)); Motion to report the settlement passed with a do-pass recommendation. ([1:20:32](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=4832))
- [Jason C. Ervin](https://www.chicagopolitics.org/ward/28) (alderperson): Supported remote participation for Hall. ([1:17:08](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=4628))
- [David H. Moore](https://www.chicagopolitics.org/ward/17) (alderperson): Voted on the police-pursuit settlement motion. ([41:27](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=2487))
- [Derrick G. Curtis](https://www.chicagopolitics.org/ward/18) (alderperson): Confirmed participation of remote alderpersons. ([22:45](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=1365))
- [Michael D. Rodriguez](https://www.chicagopolitics.org/ward/22) (alderperson): Confirmed participation of remote alderpersons. ([22:45](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=1365))
- [William Conway](https://www.chicagopolitics.org/ward/34) (chair): Notified the committee that Alderman David H. Moore was off Rule 59. ([30:45](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=1845)); Conducted the roll-call vote for the police-pursuit settlement. ([58:05](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=3485))
- [Daniel La Spata](https://www.chicagopolitics.org/ward/1) (alderperson): Acknowledged by the chair for joining the meeting as a non-member. ([1:18:54](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=4734))
- [Anthony J. Quezada](https://www.chicagopolitics.org/ward/35) (alderperson): Moved to pass the Rule 45 report. ([34:32](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=2072))
- [Debra L. Silverstein](https://www.chicagopolitics.org/ward/50) (alderperson)
- [William Conway](https://www.chicagopolitics.org/ward/34) (vice chair): Confirmed remote alderpersons were part of the meeting. ([22:45](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=1365))
- [Nicholas Sposato](https://www.chicagopolitics.org/ward/38) (alderperson): Identified as chair in a brief exchange. ([1:17:52](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=4672))

### Exchanges between members

- [30:39](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=1839) Chair added Alderman Jason C. Ervin (Ward 28) and Alderman David H. Moore (Ward 17) to the quorum.
- [30:45](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=1845) Chair informed Alderman David H. Moore that he was off Rule 59.
- [1:17:08](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=4628) Alderman Jason C. Ervin moved to allow Alderman William E. Hall (Ward 6) remote participation.
- [1:27:39](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=5259) Alderman Jason C. Ervin asked about the assessment process for the TID.
- [1:29:40](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=5380) Alderman Jason C. Ervin inquired about the projected tax-revenue impact of the TID.
- [1:33:40](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=5620) Alderman Jason C. Ervin asked about the marketing strategy for the TID.
- [1:37:02](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=5822) Alderman Jason C. Ervin thanked the chair and presenters for the TID briefing.
- [1:39:10](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=5950) Alderman Jason C. Ervin asked about diversity and contracting practices for the TID.
- [1:41:40](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=6100) Alderman Jason C. Ervin requested metrics that will be used to evaluate the TID.
- [1:43:30](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=6210) Alderman Jason C. Ervin asked about KPI reporting and public transparency.
- [1:44:50](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=6290) Alderman Emma Mitts asked about the board structure overseeing the TID fund.
- [1:45:24](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=6324) Alderman Emma Mitts asked how the TID fund would be allocated to projects.
- [1:46:40](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=6400) Alderman Emma Mitts asked about reporting and accountability for TID expenditures.
- [1:48:20](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=6500) Alderman Emma Mitts asked how the district would track the dollar spent on events.
- [1:50:00](https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3?t=6600) Alderman Emma Mitts asked about benefits to non-hotel businesses from the TID.

## Documents

- [Summary](https://www.chicagopolitics.org/files/clerk/meetingattachmentspublic/2f35142b-42b0-4eca-8d14-3093bb6a8de9.pdf)
- [Agenda](https://www.chicagopolitics.org/files/clerk/meetingattachmentspublic/f27e7e45-e3b5-4988-a3e7-78eedd5a2c4c.pdf)
- [Notice](https://www.chicagopolitics.org/files/clerk/meetingattachmentspublic/e0f29280-20e0-f011-8543-001dd80af606.pdf)

---
Source: https://www.chicagopolitics.org/meeting/7E187841-20E0-F011-8543-001DD80F73A3 · Chicago Politics, an independent, nonpartisan tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt