Office of the City Clerk - Record #: O2022-1282

• Record #: O2022-1282
• Type: Ordinance
• Status: Passed
• Intro date: 4/27/2022
• Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
• Final action: 6/22/2022
• Title: Support of Class 6(b) tax incentive for property at 6701 W Forest Preserve Dr/4350 N Normandy Ave
• Sponsors: Lightfoot, Lori E.
• Topic: TAX INCENTIVES - Class 6(b)

Date	Journal Page Number	Action By	Action	Result
6/22/2022	49113	City Council	Passed	Pass
6/14/2022		Committee on Economic, Capital and Technology Development	Recommended to Pass
4/27/2022	46046	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR

April 27, 2022










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe Commissioner of Planning and Development, 1 transmit herewith ordinances authorizing a favorable tax status for specified properties located in the City.

Your favorable consideration of these ordinances will be appreciated.

ORDINANCE

WHEREAS, the City of Chicago (the "City") is a home rule unit of government under Section 6(a), Article VII of the 1970 Constitution of the State of Illinois authorized to exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, the Cook County Board of Commissioners has enacted the Cook County Tax Incentive Ordinance, Classification System for Assessment, as amended from time- to- time (the "County 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, Illinois and which is used primarily for industrial purposes; and

WHEREAS, 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, The Eli's Cheesecake Company, an Illinois corporation (the "Applicant") owns the property located generally at 4350 North Normandy Avenue / 6701 West Forest Preserve Drive, Chicago, Illinois 60634 as further described on Exhibit A hereto (the "Subject Property"). The total area for the Subject Property site is approximately 243,265 square feet (6.2 acres); and

WHEREAS, Applicant's existing facility on the Subject Property (the "Existing Facility") consists of an approximately 62,000 square foot building constructed in 1996. The Existing Facility contains Applicant's bakery production lines, storage areas, a retail bakery and cafe with both in-store and outdoor...