Committee on Finance meeting summary — September 15, 2025
At a glance
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The City of Chicago Committee on Finance approved monthly Rule 45 reports; approved four Tax Increment Financing (TIF) redevelopment/assistance measures (After School Matters $5,000,000; Steep Theatre Company $3,868,535; Clark Adams Building $67,500,000; Field Building adaptive reuse $98,000,000); authorized four settlement orders including a $90,000,000 settlement; transmitted case reports for July and August 2025; addressed small-claims payments and denials; authorized a Salvation Army charitable solicitation (tag day); and re‑referred a Senior Bill of Rights ordinance to a joint committee.
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Key decisions
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- Approved July and August 2025 Monthly Rule 45 Reports for the Committee on Finance and the July 2025 Monthly Rule 45 Report for the Committee on Finance Subcommittee on Revenue.
- Approved ordinance to execute a Redevelopment Agreement and issue TIF funds to After School Matters, Inc. for renovation of 1065 N. Orleans Street (Amount not to exceed $5,000,000).
- Approved ordinance to execute a Redevelopment Agreement and issue TIF funds to Steep Theatre Company for renovation and new venue at 5300-5318 N. Kenmore Avenue (Amount not to exceed $3,868,535).
- Approved substitute ordinance to execute a Redevelopment Agreement and issue TIF funds to 105 Adams Development LLC for improvements at the Clark Adams Building, 105 W. Adams Street (Amount not to exceed $67,500,000).
- Approved substitute ordinance authorizing TIF assistance to Field Building Revitalization Partners, LLC for adaptive reuse of 135 S. LaSalle Street (Amount not to exceed $98,000,000).
- Authorized four settlement orders for: Danielle Young v. City of Chicago ($125,000); Vincent Miller v. Danny Mei and the City of Chicago ($350,000); Jerome Tillis v. City of Chicago, Shawn Howd and Layette Fountain ($350,000); and In Re: former Sgt. Ronald Watts ($90,000,000).
- Transmitted reports of cases with verdicts, judgments, or settlements entered for July and August 2025.
- Approved a proposed order authorizing payment of various small claims against the City of Chicago.
- Approved a proposed order denying payment of various small claims against the City of Chicago.
- Authorized one Charitable Solicitation on the Public Way (Tag Day) permit for The Salvation Army North & Central Illinois Division (citywide, November 1 to December 24, 2025).
- Re‑referred an ordinance (introduced by Alderwoman Jeanette Taylor) adding Chapter 5-25, Senior Bill of Rights, to a Joint Committee on Housing and Real Estate and Committee on Budget and Government Operations.
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Meeting information
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Committee on Finance
Written Public Comment Deadline: September 12, 2025, 10:00 AM
Agenda
Agenda items not available.
Documents from this meeting
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/15d1a3ab-446a-4539-824c-fc36dbdd1a31.pdf
- Noticehttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/f9155dd9-2f67-f011-bec1-001dd80de488.pdf
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/a8091473-a847-49a3-8f29-20549ff76265.pdf
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