This record contains private information, which has been redacted from public viewing.
Record #: O2022-2018   
Type: Ordinance Status: Passed
Intro date: 6/22/2022 Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
Final action: 7/20/2022
Title: Support of Cook County Class 7(a) tax status for property at 825 E 87th St for development of restaurant with dine-in and drive-through service by Jackie Jackson Birthrights, inc. for
Sponsors: Lightfoot, Lori E.
Topic: TAX INCENTIVES - Class 7(a)
Attachments: 1. O2022-2018.pdf
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OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT MAYOR
June 22. 2022










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


Ladies and Gentlemen:

At the request ofthe Commissioner of Planning and Development, I transmit herewith ordinances authorizing a favorable tax status for specilied properties located in the Cily.

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 Vll 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"), the City established the "87th/Cottage Grove 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 87th/Cottage Grove Redevelopment Project Area is a depressed area; and

WHEREAS, certain real estate generally located at 825 East 87th 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 of the 87th/Cottage Grove Redevelopment Project Area; and

WHEREAS, Jackie Jackson Birthrights Inc., an Illinois corporation ("Applicant"), proposes to rehabilitate the approximately 21,907 square foot Project Site and redevelop it into a 3,175 square foot restaurant with both dine-in and drive-through service (the "Project"); and

WHEREAS, Applicant will use the Subject Property for commercial purposes; and

WHEREAS, the Project Site has been abandoned for over two years; and

WHEREAS, the Project will increase employment opportunities, economic activity in the area and growth in the real property tax base; and

WHEREAS, the redevelopment objectives of the City in ...

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