Office of the City Clerk - Record #: R2018-677

• Record #: R2018-677
• Type: Resolution
• Status: Adopted
• Intro date: 6/27/2018
• Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
• Final action: 7/25/2018
• Title: Support of Class 6(b) tax incentive for property at 2639-2659 S Damen Ave
• Sponsors: Solis, Daniel
• Topic: TAX INCENTIVES - Class 6(b)

Date	Journal Page Number	Action By	Action	Result
8/1/2018		Office of the Mayor	Signed by Mayor
7/25/2018	82047	City Council	Adopted	Pass
7/20/2018		Committee on Economic, Capital and Technology Development	Recommended to Pass
6/27/2018	81290	City Council	Referred

RESOLUTION CLASS 6(B) REAL ESTATE TAX INCENTIVE FOR THE BENEFIT OF RLS, LLC, AN ILLINOIS LIMITED LIABILITY COMPANY, AND
REAL ESTATE LOCATED GENERALLY AT 2639 - 2659 SOUTH DAMEN AVENUE IN CHICAGO, ILLINOIS PURSUANT TO COOK COUNTY, ILLINOIS TAX INCENTIVE ORDINANCE, CLASSIFICATION SYSTEM FOR ASSESSMENT
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 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, RLS, LLC, an Illinois limited liability company (the "Applicant"), owns certain real estate located generally at 2639-2659 South Damen Avenue, Chicago, Illinois 60608, as further described on Exhibit A hereto (the "Subject Property"); and
WHEREAS, the Applicant intends to lease the Subject Property to Banner Wholesale Grocers, Inc., an Illinois corporation (the "Tenant"); and
WHEREAS, the Applicant intends to construct an approximately 75,000 square foot industrial facility cold storage warehouse on the Subject Property; and
WHEREAS, the redevelopment objective of the City in connection with the Subject Property is to support the retention of a longtime Chicago company in the City of Chicago, to support the new construction of an industrial facility, retain existing jobs and create new jobs;
WHEREAS, it is intended that the Tenant will use the Subject Property for accommodating and expanding the operations of the Tenant as a grocer by providing an industrial cold storge warehouse facility; and
WHEREAS, the Applicant has f...