RESOLUTION FOR RENEWAL OF CLASS 6(B) REAL ESTATE TAX INCENTIVE FOR THE BENEFIT OF THE KEEBLER COMPANY, A DELAWARE CORPORATION AND REAL ESTATE LOCATED GENERALLY AT 750 EAST 110th STREET, AND 10839 & 10840-10841 SOUTH LANGLEY AVENUE IN CHICAGO, ILLINOIS PURSUANT TO COOK COUNTY, ILLINOIS REAL PROPERTY ASSESSMENT CLASSIFICATION ORDINANCE
WHEREAS, the Cook County Board of Commissioners has enacted the Cook County Real Property Assessment Classification Ordinance, as amended from time to time (the "Ordinance"), which provides for, among other things, real estate tax incentives to property owners who build, rehabilitate, enhance and occupy property which is located within Cook County and which is used primarily for industrial purposes; and
WHEREAS, the City of Chicago (the "City"), consistent with the Ordinance, wishes to induce industry to locate, expand and remain in the City by supporting financial incentives in the form of property tax relief; and
WHEREAS, The Keebler Company, a Delaware corporation (the "Applicant"), is the owner of certain real estate located generally at 750 East 110th Street, and 10839 & 10840-41 South Langley Avenue (among other common addresses) all as one contiguous parcel in Chicago, Illinois 60628 as further described on Exhibit A hereto (the "Subject Property") and has substantially rehabilitated and added to an existing building containing approximately 160,000 square feet of space to convert the existing building into an industrial facility containing approximately 290,000 square feet that is currently attached to the Subject Property; and
WHEREAS, on June 19, 2002, the City Council of the City enacted a resolution supporting and consenting to the Class 6(b) classification of the Subject Property by the Office of the Assessor of Cook County (the "Assessor"); and
WHEREAS, the Assessor granted- and first applied the Class 6(b) tax incentive in connection with the Subject Property in 2004; and
WHEREAS, the Applicant has filed an applicati...
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