Summary

Committee on Economic, Capital and Technology Development - May 15, 2025

ChicagoMay 15, 20253 min read

At a glance

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The Committee on Economic, Capital and Technology Development met on May 15, 2025, to address appointments and reappointments to Special Service Area commissions across multiple wards, consider Class 6(b) tax incentive support for two properties, and receive a presentation from the Chicago Department of Planning & Development on tax incentive application review processes and annual compliance reporting.

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Technology Development

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Committee on Economic, Capital and Technology Development

Topics discussed

Tax incentive compliance reportingClass 6(b) tax incentivesDepartment of Planning & Development presentationBudget & TaxTaxTax incentive supportCommerceSpecial Service Area appointments and reappointments

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Key decisions

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Passed reappointment of Elizabeth B. Fuld as member of Special Service Area No. 18, North Halsted Commission
Passed reappointment of James M. Ludwig as member of Special Service Area No. 18, North Halsted Commission
Passed reappointment of Michael V. Raffety as member of Special Service Area No. 18, North Halsted Commission
Passed appointment of Jenni Smith as member of Special Service Area No. 19, Howard Street Commission
Passed appointment of Gabriel Sanchez as member of Special Service Area No. 24, Clark Street Commission
Passed appointment of Rajan Shahi as member of Special Service Area No. 26, Broadway Commercial District Commission
Passed appointment of Patricia A. Hutzel as member of Special Service Area No. 34, Uptown Commission
Passed appointment of Claude D. Gibson as member of Special Service Area No. 42, 71st/Stony Commission
Passed reappointment of Panagiotis 'Pete' Valavanis as member of Special Service Area No. 43, Devon Avenue Commission
Passed reappointment of Kelly A. Smith as member of Special Service Area No. 62, Sauganash Commission
Passed appointment of Savas Er as member of Special Service Area No. 76-2024, North Michigan Advisory Council Commission
Passed appointment of Stephanie Knight Watson as member of Special Service Area No. 76-2024, North Michigan Avenue Advisory Council Commission
Passed support of Class 6(b) tax incentive for property at 2519 W Fulton St and 2520 W Lake St (Ward 27)
Passed support of Class 6(b) tax incentive for property at 838 Patton Drive (Ward 41)

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Meeting information

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