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This record contains private information, which has been redacted from public viewing.
Record #: R2018-414   
Type: Resolution Status: Failed to Pass
Intro date: 4/18/2018 Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
Final action:
Title: Support of Class 6(b) tax incentive for property at 750 E 110th St, and 10839 and 10840-10841 S Langley Ave
Sponsors: Beale, Anthony
Topic: TAX INCENTIVES - Class 6(b)
Attachments: 1. R2018-414.pdf
Related files: R2019-362
RESOLUTION FOR RENEWAL OF CLASS 6(B) REAL ESTATE TAX INCENTIVE FOR THE BENEFIT OF THE KEEBLER COMPANY, A DELAWARE CORPORATION AND REAL ESTATE LOCATED GENERALLY AT 750 EAST 110th STREET, AND 10839 & 10840-10841 SOUTH LANGLEY 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 "City"), consistent with the Ordinance, wishes to induce industry to locate, expand and remain in the City by supporting financial incentives in the form of property tax relief; and

WHEREAS, The Keebler Company, a Delaware corporation (the "Applicant"), is the owner of certain real estate located generally at 750 East 110th Street, and 10839 & 10840-41 South Langley Avenue (among other common addresses) all as one contiguous parcel in Chicago, Illinois 60628 as further described on Exhibit A hereto (the "Subject Property") and has substantially rehabilitated and added to an existing building containing approximately 160,000 square feet of space to convert the existing building into an industrial facility containing approximately 290,000 square feet that is currently attached to the Subject Property; and

WHEREAS, on June 19, 2002, the City Council of the City enacted a resolution supporting and consenting to the Class 6(b) classification of the Subject Property by the Office of the Assessor of Cook County (the "Assessor"); and

WHEREAS, the Assessor granted- and first applied the Class 6(b) tax incentive in connection with the Subject Property in 2004; and
WHEREAS, the Applicant has filed an applicati...

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