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.
12/09/2022 Final Passage Vote Results
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 | Thomas 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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