Committee on Finance meeting, March 13, 2026
- When: Fri, Mar 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
- Video: https://vimeo.com/showcase/8928482?video=1173329934
- Transcript: full text (18,174 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 public hearing on a proposed $30 million multifamily housing revenue bond and then considered 13 agenda items, including routine reports, settlement authorizations, and multiple TIF and housing financing ordinances. Several motions to approve items and to allow remote participation were adopted. The meeting concluded with a motion to adjourn.
Topics: public hearing on Prairie District Apartments bonds, approval of monthly Rule 45 report, settlement authorizations, building-permit fee waivers, TIF amendments for parks, multifamily housing financing, public comment
Agenda items discussed
- 28:45 Re-approval of February 2026 monthly Rule 45 report: passed
- 29:50 Proposed orders authorizing corporation council settlements (Nikki Yanoushatus case): discussed
- 56:14 Substitute ordinance authorizing building-permit fee waivers for the Public Building Commission: passed
- 55:16 Ordinance authorizing issuance of multifamily funds to Park Manor Senior Residence: discussed
- 1:27:10 TIF amendment for Avondale Park improvements: passed
- 1:39:35 TIF amendment for Clarendon Park improvements: passed
- 1:42:20 TIF amendment for Hermosa Park improvements: passed
- 1:50:47 Increase of multifamily loan funds for Prairie District Apartments bonds: passed
- 1:55:00 Bond inducement for Morgan Park Commons Phase One: passed
- 2:09:44 Order authorizing payment of various small claims against the City: discussed
- 2:10:03 Order denying payment of various small claims against the City: discussed
- 2:10:21 Charitable solicitation permit for the NAACP: discussed
- 2:10:47 Adjournment of the meeting: passed
Alderpersons who spoke
- Pat Dowell (chair)
- William Conway (chair)
- Raymond A. Lopez (alderperson): Alderman Raymond A. Lopez moved to allow several aldermen to participate remotely. (15:32); Alderman Raymond A. Lopez moved to adjourn the meeting. (2:10:47)
- Nicole T. Lee (alderperson): Alderman Nicole T. Lee moved to allow remote participation for several members. (15:32); Alderman Nicole T. Lee moved to grant Rule 59 for Alderman Gregory I. Mitchell. (16:11)
- Rossana Rodríguez Sánchez (alderperson): Alderman Rossana Rodríguez Sánchez moved to approve the monthly Rule 45 report. (29:05)
- Michelle A. Harris (alderperson): Alderman Michelle A. Harris moved to recommend approval of the settlement order (item 2). (54:45); Alderman Michelle A. Harris moved to accept the substitute ordinance on building-permit fee waivers. (56:42); Alderman Michelle A. Harris asked Alderman William E. Hall about the feasibility of public EV-charging stations. (1:17:09)
- William E. Hall (alderperson): Alderman William E. Hall explained that electric appliances generally cost more than gas appliances. (1:10:47)
- Marty Quinn (alderperson): Alderman Marty Quinn asked whether a stop sign existed at the intersection involved in the settlement case. (33:14)
- Matthew J. O'Shea (alderperson)
- Gregory I. Mitchell (alderperson): Alderman Gregory I. Mitchell requested Rule 59 to participate remotely. (16:11)
- Felix Cardona Jr. (alderperson): Alderman Felix Cardona Jr. moved to recommend approval of the Hermosa Park TIF amendment (item 6). (1:44:31)
- Gilbert Villegas (alderperson): Alderman Gilbert Villegas moved to recommend a due-pass on the Avondale Park TIF amendment (item 5). (1:39:16)
- Anthony J. Quezada (alderperson): Alderman Anthony J. Quezada moved to recommend approval of the substitute ordinance (item 3). (59:50)
- Walter R. Burnett (alderperson): Alderman Walter R. Burnett requested a Rule 59 to allow remote participation. (35:51)
- Nicholas Sposato (alderperson): Alderman Nicholas Sposato moved to recommend a do-pass on the Morgan Park Commons bond inducement (item 9). (2:09:15)
- Chris Taliaferro (alderperson): Alderman Chris Taliaferro asked whether the settlement would resolve all claims related to the accident. (50:24)
- David H. Moore (alderperson): Alderman David H. Moore moved to recommend a due-pass on the settlement order (item 2). (35:45)
- Lamont J. Robinson (alderperson)
- Jason C. Ervin (other): Alderman Jason C. Ervin identified himself for the roll-call. (4:14)
Exchanges between members
- 33:14 Alderman Marty Quinn asked whether a stop sign existed at the accident intersection; Alderman Raymond A. Lopez answered that there was none.
- 1:10:47 Alderman Michelle A. Harris asked Alderman William E. Hall about the cost difference between electric and gas appliances; Hall responded that electric appliances generally cost more.