Department of Law
CITY OF CHICAGO
PRIVILEGED AND CONFIDENTIAL ATTORNEY WORK PRODUCT
MEMORANDUM
To: Edward Lewis
Department of Housing and Economic Development
From: Ann Kaplan-Perkins
Assistant Corporation Counsel
Finance & Economic Development Division
Department of Law
Date: October 30, 2013
Re: Resolution supporting and consenting to the Class 6(b) classification tax incentive (the "Class 6(b)") for the benefit of Jarad Investments, LLC, an Illinois limited liability company (the "Applicant") and real property commonly known as 4422-26 West Fifth Avenue, Chicago, IL 60624 (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 is the final Economic Disclosure Statement and Affidavit for the Applicant.
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 Midwest Redevelopment Project Area, the increment of which has been pledged as security for the repayment of certain Modern Schools bonds that were previously issued.
Attachments
cc: Susan Lopez
Cynthia Shawamreh
121 NORTH LASALLE STREET, ROOM 600, CHICAGO, ILLINOIS 60602
RESOLUTION CLASS 6(B) REAL ESTATE TAX INCENTIVE FOR THE BENEFIT OF JARAD INVESTMENTS, LLC, AN ILLINOIS LIMITED LIABILITY COMPANY, AND REAL ESTATE LOCATED GENERALLY AT 4422-26 WEST FIFTH 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 inc...
Click here for full text