# Committee on Economic, Capital and Technology Development meeting, July 9, 2026

- When: Thu, Jul 9, 2026, 10:30 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](https://www.chicagopolitics.org/committee/economic-capital-and-technology-development)
- Video: https://vimeo.com/showcase/8928495?video=1208175670
- Transcript: [full text](https://www.chicagopolitics.org/files/transcripts/1208175670.txt) (5,973 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 approved the June 2026 monthly report and confirmed a slate of Special Service Area appointments and reappointments. The committee also approved an amendment to a Special Service Area budget, a Class L tax-incentive ordinance for a historic riverfront property, and held two resolutions concerning tax-incentive revocation and a partnership with Taiwan. Several public commenters addressed public-safety concerns and introduced themselves as appointees.

Topics: Monthly report approval, SSA appointments, SSA budget amendment, Class L tax incentive, Tax-incentive revocation hearing, Taiwan partnership resolution, Public safety comments

### Agenda items discussed

- [39:25](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=2365) Approval of the June 2026 monthly report: passed
- [54:20](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=3260) Appointments and reappointments to Special Service Areas (items 1-4): passed
- [54:58](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=3298) Ordinance amending Special Service Area 212026 budget (Item 14): passed
- [58:35](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=3515) Class L tax-incentive ordinance for 2 North Riverside Plaza (Item 15): passed
- [1:10:24](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=4224) Resolution to hold a hearing on revoking tax incentives (Item 16): held
- [1:11:26](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=4286) Resolution supporting U.S.–Taiwan partnership (Item 17): held

### Alderpersons who spoke

- [Raymond A. Lopez](https://www.chicagopolitics.org/ward/15) (alderperson): Moved to allow Alderman Riley to participate remotely under Rule 59. ([27:01](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=1621)); Moved to hold Item 16, the resolution on revoking tax incentives. ([1:11:08](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=4268)); Moved to adjourn the committee meeting. ([1:14:16](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=4456))
- [Jeylú B. Gutiérrez](https://www.chicagopolitics.org/ward/14) (alderperson): Moved to recommend approval and reappointment of Jason Kareth to SSA 79. ([41:34](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=2494))
- [Gregory I. Mitchell](https://www.chicagopolitics.org/ward/7) (alderperson): Called by the chair to speak on the Class L ordinance. ([1:05:52](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=3952)); Asked how far along the Class L project is and about general contractor selection. ([1:06:02](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=3962)); Moved to recommend approval of the Class L tax-incentive ordinance. ([1:09:49](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=4189))
- [Ronnie L. Mosley](https://www.chicagopolitics.org/ward/21) (alderperson): Moved to recommend approval of the Class L tax-incentive ordinance. ([58:19](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=3499))
- [Nicole T. Lee](https://www.chicagopolitics.org/ward/11) (alderperson): Expressed concerns about the Taiwan partnership resolution and requested it be held. ([1:12:04](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=4324)); Moved to hold the Taiwan partnership resolution. ([1:13:59](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=4439))
- [Derrick G. Curtis](https://www.chicagopolitics.org/ward/18) (chair): Opened the floor to Alderman Raymond A. Lopez for comments. ([55:59](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=3359)); Called Alderman Gregory I. Mitchell to speak on the Class L ordinance. ([1:05:52](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=3952)); Called Alderman Wackespad to speak. ([1:07:14](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=4034))

### Exchanges between members

- [1:11:53](https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF?t=4313) Alderman Nicole T. Lee asked Alderman Raymond A. Lopez about the Taiwan partnership resolution.

## Documents

- [Agenda](https://www.chicagopolitics.org/files/clerk/meetingattachmentspublic/b9729278-08d4-4cb5-bd27-38fe24e971f2.pdf)
- [Summary](https://www.chicagopolitics.org/files/clerk/meetingattachmentspublic/11cb9817-29bc-4357-9b4c-17922603c075.pdf)
- [Monthly Rule 45](https://www.chicagopolitics.org/files/clerk/meetingattachmentspublic/7c62573a-daf1-4279-8083-499dea37df0c.pdf)
- [Notice](https://www.chicagopolitics.org/files/clerk/meetingattachmentspublic/f0360de1-03d3-4300-87ac-9f0fb930e5a0.pdf)

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Source: https://www.chicagopolitics.org/meeting/9750AC6C-396F-F111-AB0C-001DD808E0AF · Chicago Politics, an independent, nonpartisan tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt