Summary

Committee on Finance — Meeting summary (Jan 14, 2026): TIF agreements, HUD Section 108 loan application, and settlement approvals

ChicagoJan 14, 20262 min read

At a glance

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The Committee approved the December 2025 Rule 45 report and passed items including two TIF-related ordinances (30 N LaSalle and Sinai Health conveyance), authorization to submit a HUD Section 108 loan application for the Congress Theater, a Municipal Code revenue effective-dates amendment, a scheduled public hearing on the Chicago Tourism Improvement District, three settlement orders (totaling $23,037,500), and actions on small claims.

Projects mentioned

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TIF Redevelopment N LaSalle MF Redevelopment

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Committee on Finance

Topics discussed

Monthly Rule 45 ReportLegal settlementsHUD Section 108 loanSmall claimsBudget & TaxProperty conveyanceChicago Tourism Improvement District (CTID) hearingMunicipal Code amendmentTax Increment Financing (TIF)

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Key decisions

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Approved December 2025 Monthly Rule 45 Report for the Committee on Finance.
Passed substitute ordinance to execute a TIF Redevelopment Agreement with 30 N LaSalle MF Redevelopment LLC and Downtown Chicago Neighborhood Council NFP for 30 N. LaSalle Street (34th Ward) — amount not to exceed $57,000,000 (TIF).
Passed substitute ordinance approving First Amendment to TIF Redevelopment Agreement and Amended City Deed Covenants with Sinai Health System to convey 3100-58 W. Ogden Ave and 3142 W. 16th St to One Lawndale Children’s Discovery Center (24th & 28th Wards).
Passed substitute ordinance authorizing submission of HUD Section 108 loan application for rehabilitation of 2135 N. Milwaukee Ave (Congress Theater) (1st Ward) — amount up to $25,250,000.
Passed ordinance (introduced by Alderman Samantha Nugent, 39th Ward) amending Article XXVI: Effective Dates of 2026 the Municipal Code Revenue Ordinance Alternative.
Passed substitute resolution (introduced by Alderman Jason Ervin, 28th Ward) setting public hearing on formation of the Chicago Tourism Improvement District for February 27, 2026 at 10:00 AM in the City Council Chamber, City Hall, 121 N. LaSalle St., 2nd Floor.
Transmitted communications reporting cases with verdicts, judgments, or settlements for November 2025 and December 2025.
Authorized three settlement orders: Nicolas Sintos v. City of Chicago — $162,500; Tim Anderson, et al. v. David Brown, et al. — $875,000 (Alderman Pat Dowell recused from voting on this matter); Orlando J. Ramirez et al. (estate claim) — $22,000,000 ($20M paid by the City and $2M by City insurance).
Authorized a proposed order for payment of various small claims against the City of Chicago (Direct Introduction).
Approved a proposed order denying payment of various small claims against the City of Chicago (Direct Introduction).

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