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Record #: R2014-3   
Type: Resolution Status: Failed to Pass
Intro date: 1/15/2014 Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
Final action: 5/20/2015
Title: Support of Class 6(b) tax incentive for property at 812-816 N Pulaski Rd
Sponsors: Mitts, Emma
Topic: TAX INCENTIVES - Class 6(b)
Attachments: 1. R2014-3.pdf
Related files: R2015-407
RESOLUTION APPROVING THE RENEWAL OF CLASS 6(B) REAL ESTATE TAX INCENTIVE FOR THE BENEFIT OF UNITED SPRING AND MANUFACTURING CO., AN
ILLINOIS LIMITED LIABILITY COMPANY, AND REAL ESTATE LOCATED GENERALLY AT 812-816 NORTH PULASKI ROAD IN CHICAGO, ILLINOIS PURSUANT TO COOK COUNTY, ILLINOIS, REAL PROPERTY ASSESSMENT CLASSIFICATION
ORDINACE

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 for manufacturing purposes; and

WHEREAS, the City of Chicago (the "City"), consistent with the 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, United Spring and Manufacturing Co. occupies the property commonly known as 812-816 North Pulaski Road, Chicago, Illinois (hereinafter referred to as the subject property) and constructed an addition to its existing manufacturing facility located at 830 North Pulaski Road, Chicago, Illinois; and

WHEREAS, the subject property is occupied by United Spring and Manufacturing Co. and used for the manufacture of coil springs for farm machinery and other industrial springs; and

WHEREAS, the Permanent Real Estate Index Numbers for the subject property are: 16-03-431-027, 16-03-431-028, 16-03-431-029, and 16-03-431-030; and

WHEREAS, the Applicant has filed or intends to file with the Office of the Assessor of Cook County (the "assessor") a renewal application for a Class 6(b) tax incentive under the Ordinance; and

WHEREAS, the subject property is located within the City of Chicago Enterprise Zone No. 6 (created pursuant to Illinois Enterprise Zone Act, 20 ILCS 665/1 et seq., as amended, and pursuant to an ordinance enacted by the Ci...

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