Summary

Committee on Finance meeting summary — September 15, 2025

ChicagoSep 15, 20252 min read

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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Adams Development

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Committee on Finance

Topics discussed

Budget & TaxEducationCommerceHousing

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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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