Office of the City Clerk - Record #: R2018-1153

• Record #: R2018-1153
• Type: Resolution
• Status: Adopted
• Intro date: 10/31/2018
• Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
• Final action: 4/10/2019
• Title: Support of Class 6(b) tax incentive for property at 3500-3556 W 51st St and 5000-5058 S St. Louis Ave
• Sponsors: Thompson, Patrick D., Lopez, Raymond A.
• Topic: TAX INCENTIVES - Class 6(b)

Date	Journal Page Number	Action By	Action	Result
4/10/2019	98821	City Council	Adopted	Pass
4/1/2019		Committee on Economic, Capital and Technology Development	Add Co-Sponsor(s)
4/1/2019		Committee on Economic, Capital and Technology Development	Recommended to Pass
10/31/2018	886674	City Council	Referred

RESOLUTION CLASS 6(B) REAL ESTATE TAX INCENTIVE FOR THE BENEFIT OF R.F.M. PROPERTIES I, L.P., A TEXAS LIMITED PARTNERSHIP AND REAL ESTATE LOCATED GENERALLY AT 3500-3556 WEST 51 ST STREET AND 5000-5058 SOUTH ST. LOUIS AVENUE IN CHICAGO,
ILLINOIS
PURSUANT TO COOK COUNTY, ILLINOIS TAX INCENTIVE ORDINANCE, CLASSIFICATION SYSTEM FOR ASSESSMENT
WHEREAS, the Cook County Board of Commissioners has enacted'the Cook County Tax Incentive Ordinance, Classification System for Assessment, as amended from time to time (the "County 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, Illinois and which is used primarily for industrial purposes; and
WHEREAS, the City of Chicago (the "City"), consistent with the County 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, R.F.M. Properties I, L.P., a Texas limited partnership (the "Applicant"), owns certain real estate located generally at 3500-3556 West 51st Street and 5000-5058 South St. Louis Avenue, Chicago, Illinois 60625, as further described on Exhibit A hereto (the "Subject Property"); and
WHEREAS, the Applicant intends to construct two buildings on the Subject Property: (1) an approximately 87,780 square foot food processing and warehouse facility and (2) an approximately 5,300 square foot maintenance facility (collectively, the "Facilities"); and
WHEREAS, Applicant plans to enter into a lease with Amigos Meat & Poultry, LLC, a Texas limited liability company (the "Tenant"), for the Facilities; and
WHEREAS, the Applicant anticipates that the Tenant will use the Facilities for food processing and warehousing; and
WHEREAS, the redevelopment objective of the City in connection with the Subject Property is the retention of a Chicago company in the City, to grow the City's industrial base in genera...