RESOLUTION:
PURPOSE:
ENDORSERS:
COMMITTEE
ASSIGNMENT:
FISCAL NOTE:
LEGISLATIVE YEAR 2022
R-22-026
Authorizing First Amendments to Developer Agreements for
Bronstein Redevelopment
Mayor Jim Donchess
Alderman-at-Large Lori Wilshire
Budget Review Committee
The City will waive up to $250,000 in building permit fees.
ANALYSIS
While R-21-136 contemplated one developer agreement, due to programmatic requirements
under the tax code for the type of tax credit the development is utilizing, the tax credit investor’s
counsel required two separate partnerships and separate developer agreements with each
partnership. This resolution authorizes first amendments to the two developer agreements for the
Bronstein Redevelopment, which amendments increase the amount of the building permit fees
waivers.
Approved as to account
Financial Services Division
number and/or structure,
and amount:
Approved as to form:
By: /s/John Griffin
Office of Corporation C
By: or
Date: __ April 6. 2022
