Board Bill Number 114 Votes | Session 2022-2023
RPA 6 Notes
Board Bill
This Board Bill authorizes issuance of RPA 6 Notes not to exceed $4.6 million; authorizes execution of a Second Amendment to Amended and Restated Redevelopment Agreement; and authorizes execution of an Eighth Supplemental Trust Indenture relating to RPA 6 notes, pursuant to which RPA 4 and RPA 8 TIF Revenues are declared as “surplus” and passed through to taxing districts. Pursuant to the Second Amendment to Amended and Restated Redevelopment Agreement, among the RPA 4, 6, and 8 projects, only the RPA 6 project, a ~$50 million mixed-use residential project including ~$4.6 million of public realm improvements, will have access to TIF until further review and approval is obtained. Pursuant to Section 2.F. of the Sub-Developer Parcel Development Agreement attached as an exhibit to the Second Amendment to Amended and Restated Redevelopment Agreement, Sub-Developer is agreeing to certain monthly rent restrictions (described therein) and a $250,000 contribution to the City’s Affordable Housing Trust Fund. In addition, pursuant to Section 403(b) of the Eighth Supplemental Trust Indenture, the City will capture 10% of RPA 6 TIF Revenues (after Comptroller administrative fees are deducted) for the newly-established Strategic Infrastructure for Economic Growth Fund.
12/09/2022 Final Passage Vote Results
Note: Ward 10 Alderman Joseph Vollmer is voting in his role as president and not as alderman starting 06/07/2022.
Ayes (21)
Ward | Alderman |
---|---|
3 | Brandon Bosley |
4 | Dwinderlin Evans |
5 | James Page |
6 | Christine Ingrassia |
8 | Annie Rice |
9 | Dan Guenther |
10 | Joseph Vollmer |
11 | James Lappe |
12 | Bill Stephens |
13 | Anne Schweitzer |
16 | Tom Oldenburg |
17 | Tina (Sweet-T) Pihl |
19 | Marlene E Davis |
21 | Laura Keys |
22 | Norma Walker |
23 | Joseph Vaccaro |
24 | Bret Narayan |
26 | Shameem Clark Hubbard |
27 | Pam Boyd |
28 | Michael J Gras |
President | Megan E. Green |
Noes (1)
Ward | Alderman |
---|---|
1 | Sharon Tyus |
Did Not Vote (2)
Ward | Alderman |
---|---|
20 | Cara Spencer |
25 | Shane Cohn |
Abstain (0)
No aldermen abstained from vote
Present (1)
Ward | Alderman |
---|---|
2 | Lisa Middlebrook |
Absent (3)
Ward | Alderman |
---|---|
7 | Jack Coatar |
14 | Carol Howard |
18 | Jesse Todd |
Vacant Seat (1)
Ward | |
---|---|
15 | Seat is vacant |