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This record contains private information, which has been redacted from public viewing.
Record #: O2022-1283   
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) tax incentive for property at 2800-2850 W Columbus Ave
Sponsors: Lightfoot, Lori E.
Topic: TAX INCENTIVES - Class 6(b)
Attachments: 1. O2022-1283.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR

April 27, 2022










TO i llK HONORABLE. THE CITY COUNCIL OF THF CITY OF CHICAGO


Ladies and Gentlemen:

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

Your favorable consideration of these ordinances will be appreciated.

Ordinance

WHEREAS, the City of Chicago (the "City") is a home rule unit of government under Section 6(a), Article Vll ofthe 1970 Constitution ofthe 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, and which is used primarily for industrial purposes; and

WHEREAS, the City, consistent with the County Ordinance, wishes to induce industry to locate, expand and remain in the City by supporting financial incentives in the form of property tax relief; and

WHEREAS, on July 7, 1999, the City Council ofthe City (the "City Council") enacted a resolution supporting and consenting to the Class 6b classification of certain real estate located generally at West 77th Street and West Columbus Avenue in Chicago, Illinois (the "Property") by the Office of the Assessor of Cook County, Illinois (the "Assessor"); and

WHEREAS, on or about December 1999, Gateway Park, LLC, an Illinois limited liability company ("Applicant") took title to the Property, and the 6b application for a portion of the Property was not filed until March 2000; and

WHEREAS, on or about September 2003, Applicant completed construction of a 669,000 square foot indus...

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