Office of the City Clerk - Record #: O2022-1281

• Record #: O2022-1281
• Type: Ordinance
• Status: Passed
• Intro date: 4/27/2022
• Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
• Final action: 5/23/2022
• Title: Support of Class 6(b) SER (Sustainable Emergency Relief) tax incentive for properties at 3130 S Kolin Ave and 3136 S Kolin Ave
• Sponsors: Lightfoot, Lori E.
• Topic: TAX INCENTIVES - Class 6(b)

Date	Journal Page Number	Action By	Action	Result
5/23/2022	47662	City Council	Passed	Pass
5/17/2022		Committee on Economic, Capital and Technology Development	Recommended to Pass
4/27/2022	46046	City Council	Referred

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

April 27, 2022










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


Ladies and Gentlemen:

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

Your favorable consideration of these ordinances will be appreciated.


Very truly yours

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 industrial 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, Modern Process Equipment, Inc., an Illinois corporation (the "Applicant"), owns certain real estate located generally at 3130 and 3136 South Kolin Avenue, Chicago, Illinois 60623, as further described on Exhibit A hereto (the "Subject Property"); and

WHEREAS, the Applicant has substantially rehabilitated two industrial facilities on the Subject Property of approximately 5,700 square feet and 5,731 square feet, respectively; and

WHEREAS, the redevelopment objective of the City in connection with the Subject Property is to retain an existing industrial business that employs 94 full-time workers and will create another estimated 13 full-ti...