City of Chicago Community Development Commission met Feb. 19.
Here is the minutes provided by the commission:
I. ROLL CALL OF COMMISSIONERS
Chairman Jorge Perez called the meeting to order at 1:02 p.m. and then undertook a roll call to establish the presence of a quorum.
Shirley Newsome, Vice Chairman
Gwendolyn Butler, Secretary
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.
III. OLD BUSINESS
A. PROPOSED CORTLAND/CHICAGO RIVER TIF REDEVELOPMENT PROJECT AREA (WARD 2)
Recommend approval of the redevelopment plan for the proposed Cortland/Chicago River Tax Increment Financing Redevelopment Project Area, recommend designation of the area as a Tax Increment Financing Redevelopment Project Area, and recommend adoption of Tax Increment Financing for the area. Presenter: Chip Hastings
Motioned by Buford, seconded by Butler. Approved 10-0. Yeas: Alphonse, Buford, Butler, Davis, Griggs, Newsome, Reifman, Rhodes, Thomas and Perez. 19-CDC-7
IV. NEW BUSINESS
A. CORTLAND/CHICAGO RIVER TIF REDEVELOPMENT PROJECT AREA (WARD 2)
Request authority for the Department of Planning and Development to negotiate a redevelopment agreement with Cortland/Chicago River Partners, LLC and/or a related entity for redevelopment of the property known as “Lincoln Yards”, bounded by Besly Court and Webster, Clybourn and North avenues in the Cortland/Chicago River Tax Increment Financing Redevelopment Project Area, and to recommend to the City Council of the City of Chicago the designation of Cortland/Chicago River, LLC and/or a related entity as Developer.
Presenter: Chip Hastings
Motioned by Butler, seconded by Newsome. Approved 10-0. Yeas: Alphonse, Buford, Butler, Davis, Griggs, Newsome, Reifman, Rhodes, Thomas and Perez. 19-CDC-8
Motion to adjourn made by Alphonse. Voice vote, all yeas.
Meeting adjourned at 6:00 p.m.