Record #: SR2012-910   
Type: Resolution Status: Adopted
Intro date: 10/3/2012 Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
Final action: 10/31/2012
Title: Support of Class 6(b) tax incentive for property at 5353 N Elston Ave
Sponsors: Arena, John
Topic: TAX INCENTIVES - Class 6(b)
Attachments: 1. R2012-910.pdf, 2. SR2012-910.pdf
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DEPARTMENT OF LAW




PRIVILEGED AND CONFIDENTIAL ATTORNEY WORK PRODUCT
To:


From:



Date: Re:
Denise Roman
Department of Housing and Economic Development
SwetaShah ^>J>
Assistant Corporation Counsel
Finance & Economic Development Division
Department of Law

September 28, 2012

Resolution supporting and consenting to Class 6(b) classification tax incentive (the "Class 6(b)") for the benefit of Apollo Plastics Corporation, an Indiana corporation (the "Applicant") and real property commonly known as 5353 North Elston Avenue (the "Subject Property") pursuant to Cook County Real Property Assessment Classification Ordinance


Attached hereto is the final form of resolution supporting and consenting to the above-referenced Class 6(b) pursuant to the Cook County Real Property Assessment Classification Ordinance. Also attached hereto, are the final Economic Disclosure Statements and Affidavits for the Applicant and all related legal entities.

Finally, it is my understanding from you that HED has carefully and fully considered the implications of issuing the Class 6(b) tax incentive for the Subject Property which is located in the Elston/Armstrong Industrial Corridor Redevelopment Area.

Attachments

cc: Mary T. Bonome John Molloy Susan Lopez Cynthia Shawamreh

RESOLUTION CLASS 6(B) REAL ESTATE TAX INCENTIVE
FOR THE BENEFIT OF APOLLO PLASTICS CORPORATION, AND REAL ESTATE LOCATED GENERALLY AT 5353 NORTH ELSTON 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 "Ci...

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