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This record contains private information, which has been redacted from public viewing.
Record #: R2019-233   
Type: Resolution Status: Adopted
Intro date: 4/10/2019 Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
Final action: 6/12/2019
Title: Support of Class 6(b) tax incentive for property at 4250 W 36th St
Sponsors: Munoz, Ricardo
Topic: TAX INCENTIVES - Class 6(b)
Attachments: 1. R2019-233 (V1).pdf, 2. R2019-233.pdf
RESOLUTION CLASS 6(B) REAL ESTATE TAX INCENTIVE FOR THE BENEFIT OF EJS BUILDING CORPORATION, AN ILLINOIS CORPORATION AND REAL ESTATE LOCATED GENERALLY AT 4250 WEST 36TH STREET 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, EJS Building Corporation, an Illinois corporation (the "Applicant"), owns certain real estate located generally at 4250 West 36th Street, Chicago, Illinois, 60632, as further described on Exhibit A hereto (the "Subject Property"); and

WHEREAS, Applicant has entered into a lease with TKX Mobile Transport Refrigeration Service, Inc., an Illinois corporation (the "Tenant") for the entirety of the Subject Property; and

WHEREAS, the Applicant intends to construct a 7,950 square foot industrial facility located on the Subject Property; and

WHEREAS, the redevelopment objective of the City in connection with the Subject Property is to support the expansion and retention of a Chicago company in the City, to grow the City's industrial base in general and the growth of the Little Village Industrial Corridor in particular, to retain existing jobs and to create new jobs; and

WHEREAS, it is intended that the Tenant will use the Subject Property for the repair, maintenance, and replacement services of refrigerated transport trucks, trailer...

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