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Record #: SR2013-757   
Type: Resolution Status: Adopted
Intro date: 9/11/2013 Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
Final action: 7/30/2014
Title: Support of Class 6(b) tax incentive for properties at 12525 S Carondolet Ave, 2924 E 126th Pl, 12350 S Carondolet Ave, a.k.a. 3400 E 126th Pl and 12359 S Burley Ave
Sponsors: Pope, John
Topic: TAX INCENTIVES - Class 6(b)
Attachments: 1. SR2013-757.pdf, 2. R2013-757.pdf
July 30,2014

To the President and Members of the City Council:

Reporting for your Committee on Economic, Capital and Technology Development for which a meeting was held on July 28,2014; having had under consideration a Class 6(b) tax incentive resolution, which was introduced at the September 11, 2013 City Council and substituted on July 28, 2014, for the following properties: 12525 South Carondolet, 2924 East 126th Place, 12350 South Carondolet aka 3400 East 126th Place and 12359 South Burley Avenue, introduced by Alderman John Pope; begs leave to report and recommend that Your Honorable Body Pass the proposed resolution transmitted herewith.

These recommendations were concurred in by a viva voce vote of the members of the Committee.







Respectfully submitted,
DEPARTMENT OF LAW



PRIVILEGED AND CONFIDENTIAL ATTORNEY WORK PRODUCT

Marilyn Engwall
Department of Housing & Economic Development
From:



Date: Re:


Randall Johnson
Assistant Corporation Counsel
Finance & Economic Development Division
Department of Law

September 6, 2013

Resolution supporting and consenting to the renewal of Class 6(b) classification tax incentive (the "Class 6(b) Renewal") for the benefit of Chicago Manufacturing Campus, LLC, a Delaware limited liability company (the "Applicant") and real property generally located at 126th Street and Torrence Avenue which has been subdivided into parcels commonly known as (i) 12525 S. Carondolet; (ii) 2924 E. 126th Place; (iii) 12350 S. Carondolet aka 3400 E. 126th Place; and (iv) 12359 S. Burley (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) Renewal pursuant to the Cook County Real Property Assessment Classification Ordinance. As we have discussed: (i) due to a re-subdivision of the Subject Property into parcels with the 4 common addresses referenced above, the legal descriptions sho...

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