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RESOLUTION FOR RENEWAL OF CLASS 6(B) REAL ESTATE TAX INCENTIVE FOR THE BENEFIT OF JONCHRIS, LLC, AN ILLINOIS LIMITED LIABILITY COMPANY AND REAL ESTATE LOCATED GENERALLY AT 4221 NORTH NORMANDY AVENUE IN CHICAGO, ILLINOIS PURSUANT TO COOK COUNTY, ILLINOIS REAL PROPERTY ASSESSMENT CLASSIFICATION ORDINANCE
WHEREAS, the, Cook-County Board of Commissioners has enacted the Gppk County RealVProperty, Assessment' Classifjeatjpn ''Ordinance, %as amended from, time tbj time (the "Ordinance"),' which provides for, among other, things, •real estate^ b bwriers whb build, rehabilitate, enhance:and occupy property Whichils located WUhin and which is used primarily'fo.r.industrial purposes; and
WHEREAS, the City of Chicago (the1 •'City"), 'Consistent With.'the Ordinance; wishes to induce)ihduslr^to-loc'aferexpand-and'remain in the 6ityiby supporting ^rfanclafHrfc^ptives1 ih: the form of property tax relief; and
WHEREAS, on April 6, 2005 the Gity Council of the City enacted a resolution supporting and consentingj to the Class 6(b) classificationTby .the Office of the Assessor bf Cook County (the "Assessor") of certain property located generally at 4201 North Nbrrnandy-'Aveh^ lilinpjs (the -Original Prope^y"). owned by dONCHRlS, LLC, an. Illinois limited liability company (the'-"Applicant"); and
WHEREAS, the Assessor'grah'fe^Jh£'"OJa£s, 6(b)>tax.j.hcentive ih coh'nectTbn yvlth'the Original Property in 2005; and
WHEREAS, the Applicant is, th&jowner of certain real estate located generally at 4221 North Normandy Avenue, Chicago, Illinois'606.34 as further described on Exhibit'.A hereto (the "Subject Property"), which Subject.Property represents a portion ofrth'e QrigiriahProperty; and
WHEREAS, Chicago Paper Tube & Can Co., an Illinois corporation, is the lessee of the Subject Property; and
WHEREAS, the Applicant has filed an application for renewal of the Class 6(b) classification with the Assessor pursuant to the Ordinance with respect to the Subject Prop...
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