Finance committee approves funding items
At a glance
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The committee approved a package of grants, housing financing, TIF support, bond authority, and a $9 million settlement, while also advancing small-claims and tag day orders.
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What this means
Residents can expect several city financing actions to move forward, including support for a library branch, housing rehabilitation, transit-related improvements, and major infrastructure work tied to The 78 project. The committee also approved authority for airport bonds, recommended a firm for the city’s financial audits, and passed a $9 million settlement in one court case. Two small-claims denial orders and two charitable solicitation permits were also approved.
Key decisions
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- Approved the June 2026 Monthly Rule 45 Report.
- Approved up to $500,000 for the Thomas Hughes Children’s Library through the Chicago Public Library Foundation.
- Approved housing and redevelopment financing, including up to $15,000,000 for Levy House Apartments and up to $5,869,448 for Villa Guadalupe senior housing.
- Approved tax increment financing support for the Division/Austin Bus Turnaround project.
- Approved two major redevelopment agreements for The 78, including amounts up to $174,749,770 and $250,163,768.
- Approved authority to issue Chicago O'Hare International Airport Senior Lien Revenue and Refunding Bonds, Series 2026(B)(C)(D).
- Recommended Baker Tilly US, LLP and its consortium for the city’s financial statement audits beginning with the fiscal year ending December 31, 2026.
- Approved a $9,000,000 settlement in Alberto Ochoa v. Jose Lopez, et al.
- Approved payment of various small claims and denied two proposed orders denying payment of various small claims.
- Approved charitable solicitation permits for Knights of Columbus and Project Orbis International, Inc.
- Held a subject matter hearing on the Chicago Metered Parking System Concession Agreement ownership transfer with no votes taken.
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Meeting information
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Committee on Finance
Written Public Comment Deadline: July 10, 2026, 10:00 AM
Agenda
Agenda items not available.
Documents from this meeting
- Noticehttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/72a60d59-0f6b-f111-a823-001dd801545d.pdf
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/e84f44b7-ad6e-43d5-a5a5-d26ccfc9132c.pdf
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/bea6e0ec-126e-4063-bed0-7d95dc7b1012.pdf
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