Committee on Finance meeting summary — July 14, 2025
At a glance
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The Committee on Finance approved monthly Rule 45 reports, authorized multiple financing and redevelopment measures including TIF awards and a bond inducement for housing projects, approved amendments to municipal code provisions (senior sewer/refuse alignment and lien assignments), authorized settlement orders totaling several million dollars, approved payment/denial orders for small claims, and approved two citywide charitable solicitation (Tag Day) permits. One ordinance on bond issuance requirements did not pass.
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Key decisions
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- Approved June 2025 Monthly Rule 45 Report for the Committee on Finance; approved January 2025 Monthly Rule 45 Report for the Joint Committee on Finance Subcommittee on Revenue and Committee on Health and Human Relations; approved June 2025 Monthly Rule 45 Report for the Committee on Finance Subcommittee on Revenue.
- Approved ordinance authorizing redevelopment agreement and issuance of Tax Increment Financing (TIF) funds to Southbridge 1C Housing LLC and conveyance of city property for project at 2311-15 S. State Street (3-5 E. 23rd Street). Amount not to exceed $11,870,154. (SO2025-0018188, 3rd Ward).
- Approved ordinance authorizing bond inducement for Homan Square Apartments Phase IV at multiple addresses (3607, 3621, 3645 W. Polk St., 906 & 908 S. Central Park Ave., 921 S. Lawndale Ave.). Amount not to exceed $20,000,000. (O2025-0018177, 24th Ward).
- Approved communication concerning the appointment of Michael Belsky as City Comptroller. (A2025-0018118).
- Approved ordinance amending Municipal Code §7-28-235 to align the senior sewer exemption and the senior refuse discount program. (O2025-0018148).
- Approved ordinance amending Municipal Code §§2-44-140, 2-45-110 and 14A-3-313.6 regarding lien assignments. (SO2025-0018149).
- Approved ordinance authorizing redevelopment agreement and issuance of TIF funds to Black Ensemble Theater Corporation for improvements at Black Ensemble Studio Theater, 4440-4450 N. Clark St. Amount not to exceed $2,434,955. (O2025-0018180, 47th Ward).
- Approved five proposed orders authorizing the Corporation Counsel to enter into and execute settlement orders in the following cases: Felicia Nalls-Bradley v. City of Chicago — $400,000; Gilbert Mendez v. City of Chicago — $2,500,000; Marley Aguilar v. Eric Duron, et al. — $3,000,000; Jackie Wilson v. Jon Burge, et al. — $12,700,000; Roberto Almodovar v. Reynaldo Guevara, et al. — $17,000,000. (Alderman Conway recused himself from voting on item D under Rule 14.)
- Approved a proposed order authorizing 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).
- Approved two proposed orders authorizing Charitable Solicitation on the Public Way (Tag Day) permits: Knights of Columbus — Citywide, September 18–21, 2025; American Civil Liberties Union — Citywide, July 31–December 31, 2025. (Direct Introduction).
- An ordinance introduced by Alderman Marty Quinn (13th Ward) to add Municipal Code §2-8-036, “Issuance of bonds and other indebtedness – Ordinance requirements” (O2025-0015727) was a do not pass in Committee on July 14, 2025 (President Pro Tempore Nugent served as ex-officio and participated in this vote).
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Meeting information
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Committee on Finance
Public Comment Deadline: July 7, 2025, at 10:00 AM
Agenda
Agenda items not available.
Documents from this meeting
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/c6f08f3e-f534-432c-8bf2-9113cc1bb491.pdf
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/57f8c35a-52c8-4890-b91f-36086647c90f.pdf
- Noticehttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/73fee168-3550-f011-8779-001dd830a432.pdf
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/46c1c27c-272b-4c0f-8b2f-41044cd8f4e3.pdf
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/ad7fe598-b7d1-44b7-8dcf-785b1d95f7ea.pdf
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