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This record contains private information, which has been redacted from public viewing.
Record #: O2021-4189   
Type: Ordinance Status: Passed
Intro date: 9/14/2021 Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
Final action: 10/27/2021
Title: Support of Class 7(b) tax incentive renewal for property at 106-136 W 111th St
Sponsors: Lightfoot, Lori E.
Topic: TAX INCENTIVES - Class 7(b)
Attachments: 1. O2021-4189.pdf
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September M, 2021


Ladies and Gentlemen:

At the request ofthe Commissioner of Planning and Development, 1 transmit herewith ordinances authorizing a favorable tax status for specified properties located in the City'.

Your favorable considerat ion of these ordinances will be appreciated.

Very truly yours,

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, pursuant to an ordinance adopted by the City Council of the City ("City Council") on April 2, 2014, the City established the "107l,,/Halsted Redevelopment Project Area" in accordance with the Illinois Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1, et seq., finding, among other things, that the 107"7Halsted Redevelopment Project Area is a depressed area; and
WHEREAS, certain real estate generally located at 106-136 W. 111th Street in the City, as more precisely described on Exhibit A attached hereto and hereby made a part hereof (the "Project Site"), is located within the boundaries 107th/Halsted Redevelopment Project Area; and
WHEREAS, Roseland Medical Center, LLC, an Illinois limited liability company ("Applicant"), has constructed an approximately 27,007 square foot commercial facility on the Project Site (the "Project"); and
WHEREAS, the redevelopment objective of the City in connection with the Project Site is to retain and encourage the expansion of existing viable businesses, increase employment opportunities, and increase economic activity in the area; and
WHEREAS, on June 28, 2006, the City Council of the City enacted an ordinance supporting and consenting to the Class 7b classification of the Sub...

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