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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 CI TY OF CHICAGO
Ladies and Gentlemen:
At the request oflhe Commissioner of Planning and Development, I transmit herewith ordinances authorizing a favorable tax status for specilied 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 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, 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, Chicago BH Hospital, LLC a Delaware limited liability company d/b/a Montrose Behavioral Heath Hospital ("Appjicant") has acquired 3 separate buildings in support of its goal of creating a behavioral health campus. The buildings are: the Main Building generally located at 4840 North Marine Drive; the Lawrence Building, generally located at 854 W. Lawrence, and the Clarendon Campus, generally located at 4720 N. Clarendon all in Chicago Illinois 60640, as further described on Exhibit A attached hereto (the "Project Site"); and
- WHEREAS, the Applicant proposes to rehabilitate the approximately 117,803 square foot land area and 95,500 square ...
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