title
Authorization to sell part of ownership interests in JNB Concord Sheridan LLC, General Partner of the Residential Owner of Concord at Sheridan.
presenter
Presenter: Lee Pratter, Deputy Chief Development
end
RESOLUTION NO. 2025-CHA-X
WHEREAS, the Board of Commissioners of the Chicago Housing Authority has reviewed the Board Letter dated September 19, 2025, entitled “Authorization to sell part of ownership Interests in the JNB Concord Sheridan LLC, General Partner of the Residential Owner at Concord at Sheridan.
THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CHICAGO HOUSING AUTHORITY
THAT, the Operating Chairman or his designee, is authorized to negotiate a sale of 6% ownership interest in JNB Concord at Sheridan LLC, General Partner of the Residential Owner of Concord at Sheridan from sixteen to ten percent;
THAT, the Operating Chairman, or his designee, shall further have the authority to execute such other documents and perform such actions as may be necessary or appropriate to implement the foregoing.
Respectfully Submitted:
______________________
James Matanky
Interim Vice Chairman
Chicago Housing Authority