2026-11-02 - City Council (Special Meeting)

Summary

Built from the posted agenda, the meeting notices and the video listing; no minutes are posted yet and the video has not been transcribed.

Sole item: ordinance O2026-0029681 allocating Concession Payments among the city pension funds under Section 2.3 of SO2026-0025407, the ordinance approving the Chicago Parking Meters LLC ownership transfer (Metered Parking Concession Transfer, passed September 29).
The ordinance text cites a $75,000,000 initial transfer fee, a 2% fee on future transfers and a 5% city profit share.
The funds named are the Municipal Employees' (MEABF), Policemen's (PABF), Firemen's (FABF) and Laborers' (LABF) annuity and benefit funds.
Vote result not available (no minutes yet).

Ordinance O2026-0029681, concession payment allocation among pension funds.