Board Bill Number 114 Votes In 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.

View Board Bill 114 details

12/09/2022 Final Passage Vote Results

Aye 21
No 1
Final Passage Vote
Ward Alderman Position
3 Brandon Bosley Aye
4 Dwinderlin Evans Aye
5 James Page Aye
6 Christine Ingrassia Aye
8 Annie Rice Aye
9 Dan Guenther Aye
10 Joseph Vollmer Aye
11 James Lappe Aye
12 Bill Stephens Aye
13 Anne Schweitzer Aye
16 Tom Oldenburg Aye
17 Tina (Sweet-T) Pihl Aye
19 Marlene E Davis Aye
21 Laura Keys Aye
22 Norma Walker Aye
23 Joseph Vaccaro Aye
24 Bret Narayan Aye
26 Shameem Clark Hubbard Aye
27 Pamela Boyd Aye
28 Michael J Gras Aye
President Megan E Green Aye
1 Sharon Tyus No
20 Cara Spencer Did Not Vote
25 Shane Cohn Did Not Vote
2 Lisa Middlebrook Present
7 Jack Coatar Absent
14 Carol Howard Absent
18 Jesse Todd Absent

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