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This record contains private information, which has been redacted from public viewing.
Record #: O2019-4104   
Type: Ordinance Status: Passed
Intro date: 6/12/2019 Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
Final action: 7/24/2019
Title: Class 7(c) tax status for property at 1725-1741 W 21st St
Sponsors: Lightfoot, Lori E.
Topic: TAX INCENTIVES - Class 7(c)
Attachments: 1. O2019-4104.pdf


OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR

June 12,2019










TO THE HONORABLE, THE CI TY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe Commissioner of Planning and Development, I transmit herewith an ordinance authorizing a Class 7C tax status for property located at 1725 W. 21il Street.

Your favorable consideration of this ordinance will be appreciated.


Very truly yours,

Mayor
ORDINANCE


WHEREAS, the City of Chicago (the "City") is a home rule unit of government under Section 6(a), Article VII of the 1970 Constitution of the State of Illinois authorized to exercise any power and perform any function pertaining to its government and affairs; and

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 commercial purposes; and

WHEREAS, 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, Wrk In Prgrss, LLC, d/b/a Gertrude, Inc., an Illinois limited liability company ("Applicant") owns certain real estate generally located at 1725-41 West 21st Street, Chicago Illinois 60608, as further described on Exhibit A attached hereto (the "Project Site"), which is located within the boundaries of the Enterprise Zone No. 1 in the Lower West Side community Area ("Area"); and
WHEREAS, the Applicant proposes to rehabilitate an approximately 15,250 square foot abandoned Project Site and redevelop it into commercial office space (the "Project"); and

WHEREAS, the City's Department of Planning and Development ("DPD") has determined that ...

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