RESOLUTION
CLASS 6(B) REAL ESTATE TAX INCENTIVE
FOR THE BENEFIT OF
DCTSTOCKYARDS LLC,
A DELAWARE LIMTED LIABILITY COMPANY, AND
-.1 REAL ESTATE LOCATED GENERALLY AT
1400 WEST 44th STREET IN CHICAGO, ILLINOIS ' PURSUANT TO COOK COUNTY, ILLINOIS REAL PROPERTY ASSESSMENT CLASSIFICATION ORDINANCE
WHEREAS, the Cook County Board of Commissioners has enacted the has enacted the Cook County Tax Incentive Ordinance, Classification System for Assessment, 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 County Ordinance, wishes to induce industry to locate and expand in the City by supporting financial incentives in the form of property tax relief; and
. •. ¦ . WHEREAS, DCT Stockyards LLC, a Delaware Limited Liability Company (the "Applicant"), owns certain real estate located generally 1400 West 44th Street, Chicago, Illinois 60609, as further described on Exhibit A hereto (the "Subject Property"); and
WHEREAS, the Applicant intends to construct an approximately 166,549 square foot industrial facility located on the Subject Property; and
WHEREAS, the redevelopment objective of the City in connection with the Subject Property is to support the City's goal of becoming a leading manufacturing hub and becoming more competitive as a transportation and logistics hub; and
WHEREAS, it is intended that the Applicant and future tenants will use the Subject Property for warehousing, manufacturing and distribution; and
WHEREAS, the Applicant has filed an eligibility application for a Class 6(b) tax incentive under the County Ordinance with the Office of the Assessor of Cook County (the "Assessor"); and
WHEREAS, the Subject Property is located within (i) the City of Chicago Enterprise Zone No....
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