Committee on Finance — Meeting summary (Jan 14, 2026): TIF agreements, HUD Section 108 loan application, and settlement approvals
At a glance
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The Committee approved the December 2025 Rule 45 report and passed items including two TIF-related ordinances (30 N LaSalle and Sinai Health conveyance), authorization to submit a HUD Section 108 loan application for the Congress Theater, a Municipal Code revenue effective-dates amendment, a scheduled public hearing on the Chicago Tourism Improvement District, three settlement orders (totaling $23,037,500), and actions on small claims.
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Key decisions
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- Approved December 2025 Monthly Rule 45 Report for the Committee on Finance.
- Passed substitute ordinance to execute a TIF Redevelopment Agreement with 30 N LaSalle MF Redevelopment LLC and Downtown Chicago Neighborhood Council NFP for 30 N. LaSalle Street (34th Ward) — amount not to exceed $57,000,000 (TIF).
- Passed substitute ordinance approving First Amendment to TIF Redevelopment Agreement and Amended City Deed Covenants with Sinai Health System to convey 3100-58 W. Ogden Ave and 3142 W. 16th St to One Lawndale Children’s Discovery Center (24th & 28th Wards).
- Passed substitute ordinance authorizing submission of HUD Section 108 loan application for rehabilitation of 2135 N. Milwaukee Ave (Congress Theater) (1st Ward) — amount up to $25,250,000.
- Passed ordinance (introduced by Alderman Samantha Nugent, 39th Ward) amending Article XXVI: Effective Dates of 2026 the Municipal Code Revenue Ordinance Alternative.
- Passed substitute resolution (introduced by Alderman Jason Ervin, 28th Ward) setting public hearing on formation of the Chicago Tourism Improvement District for February 27, 2026 at 10:00 AM in the City Council Chamber, City Hall, 121 N. LaSalle St., 2nd Floor.
- Transmitted communications reporting cases with verdicts, judgments, or settlements for November 2025 and December 2025.
- Authorized three settlement orders: Nicolas Sintos v. City of Chicago — $162,500; Tim Anderson, et al. v. David Brown, et al. — $875,000 (Alderman Pat Dowell recused from voting on this matter); Orlando J. Ramirez et al. (estate claim) — $22,000,000 ($20M paid by the City and $2M by City insurance).
- Authorized a proposed order for payment of various small claims against the City of Chicago (Direct Introduction).
- Approved a proposed order denying payment of various small claims against the City of Chicago (Direct Introduction).
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