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Friday, November 22, 2024

Tax Increment Financing plan moves forward

Budget06

The city of Chicago Community Development Commission met Aug. 25 to seek approval for a feasibility study for the proposed Red and Purple Modernization Phase One Project Tax Increment Financing Redevelopment Project Area.

Here are the meeting's minutes, as provided by the city:

COMMUNITY DEVELOPMENT COMMISSION

121 North LaSalle Street

Room 201A, City Hall

Special Meeting

August 25, 2016

MINUTES

I. ROLL CALL OF COMMISSIONERS

Chairman Jorge Perez called the meeting to order at 1:00 p.m. and then undertook a roll

call to establish the presence of a quorum.

Present

Jorge Perez, Chairman

Shirley Newsome, Vice Chair

Roxanne Ward, Secretary

Robert Buford

Gwendolyn Butler

Dwight Curtis

Leslie Davis

Nicholas Delgado

David Reifman

Eileen Rhodes

Mae C. Whiteside

Not Present

Philip Alphonse

Adela Cepeda

Cornelius Griggs

Celena Roldan Moreno

A court reporter was present to record the proceedings. A transcript is available for the

purpose of pursuing all matters in greater detail and is a part of the permanent public

record of this Special Meeting of the Community Development Commission.

II. NEW BUSINESS

A. PROPOSED RED AND PURPLE MODERNIZATION PHASE ONE

PROJECT TIF REDEVELOPMENT PROJECT AREA (WARDS 2, 43, 44,

46, 47 AND 48)

Request authority to prepare a feasibility study for the proposed Red and Purple

Modernization Phase One Project Tax Increment Financing Redevelopment

Project Area.

Project Manager: Ryan Slattery

Motioned by Delgado, seconded by Newsome. Approved 8-0. Yeas: Butler,

Curtis, Delgado, Newsome, Reifman, Rhodes, Ward and Perez. Buford, Davis

and Whiteside not present.

III. ADJOURNMENT

Motion to adjourn made by Newsome. Voice vote, all yeas.

Meeting adjourned at 1:05 p.m.

IV. VOTE TO REOPEN MEETING TO HEAR PUBLIC STATEMENTS AND

RECONSIDER AGENDA ITEM A

Motion to reopen meeting made by Ward, seconded by Butler. Voice vote, all

yeas. Meeting reopened at approximately 1:07 p.m.

V. NEW BUSINESS-SECOND VOTE

A. PROPOSED RED AND PURPLE MODERNIZATION PHASE ONE

PROJECT TIF REDEVELOPMENT PROJECT AREA (WARDS 2, 43, 44,

46, 47 AND 48)

Request authority to prepare a feasibility study for the proposed Red and Purple

Modernization Phase One Project Tax Increment Financing Redevelopment

Project Area.

Project Manager: Ryan Slattery

Motioned by Newsome, seconded by Buford. Approved 11-0. Yeas: Buford,

Butler, Curtis, Davis, Delgado, Newsome, Reifman, Rhodes, Ward, Whiteside

and Perez.

16-CDC-22

VI. ADJOURNMENT

Motion to adjourn made by Newsome. Voice vote, all yeas.

Meeting adjourned at 1:17 p.m.

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