Chicago Committee on Finance Approves Redevelopment Amendments and Multiple Legal Settlements on January 13, 2025
At a glance
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The Committee on Finance approved amendments to the Diversey/Chicago River Tax Increment Financing Redevelopment Project, authorized several multimillion-dollar legal settlements related to police misconduct and other claims, and approved fee waivers and charitable solicitation permits.
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Key decisions
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- Approved Amendment #1 to the Redevelopment Plan for the Diversey/Chicago River Tax Increment Financing Redevelopment Project and Plan for the Expanded Area in the 32nd Ward.
- Designated the Expanded Diversey/Chicago River Tax Increment Financing Redevelopment Project Area as a Redevelopment Project Area under the Tax Increment Allocation Redevelopment Act.
- Adopted Tax Increment Allocation Financing for Amendment #1 to the Redevelopment Plan for the Expanded Diversey/Chicago River TIF Project Area.
- Authorized six settlement orders totaling over $38 million in cases involving the City of Chicago, including police misconduct settlements.
- Approved a fee waiver ordinance for permits related to the Metropolitan Pier and Exposition Authority renovation of Hyatt Regency McCormick Place in the 4th Ward.
- Authorized payment and denial of various small claims against the City of Chicago.
- Approved a charitable solicitation permit for Save the Children Federation Inc. for citywide fundraising from January 15, 2025, to January 15, 2026.
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Meeting information
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Committee on Finance
Written public comment deadline, January 10, 2025, 10:00 AM
Agenda
Agenda items not available.
Documents from this meeting
- Noticehttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/16f38f0d-0eea-4cdc-bc31-8ede38dae79b.pdf
- Otherhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/96683da5-b928-4a1f-90ea-89e08822c8d7.pdf
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/c0649a36-5a50-4a5c-99a4-7274ebf6d221.pdf
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/817831ab-f1ad-4771-8f4c-b80fb948ee7d.pdf
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