Office of the City Clerk - Record #: O2022-3005

• Record #: O2022-3005
• Type: Ordinance
• Status: Passed
• Intro date: 9/21/2022
• Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
• Final action: 11/16/2022
• Title: Support of Class 6(b) tax incentive for property at 4300 S Halsted St, 4500 S Halsted St and 850 W 45th St - expansion
• Sponsors: Lightfoot, Lori E.
• Topic: TAX INCENTIVES - Class 6(b)

Date	Journal Page Number	Action By	Action	Result
11/16/2022	56531	City Council	Passed	Pass
11/10/2022		Committee on Economic, Capital and Technology Development	Recommended to Pass
9/21/2022	51463	City Council	Referred

OFFICE OF THE MAYOR
CITY OI CHICAGO
LORI E. LIGHTFOOT
MAYOR
September 21, 2022










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


Ladies and Gentlemen:

At the request ofthe Commissioner oi" Planning and Development, I transmit herewit 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.

Mayor
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 (the "County") 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, CWHFP, LLC, a Tennessee limited liability company (the "Applicant"), owns certain real estate located generally at 4300 South Halsted Street, 4500 South Halsted Street and 850 West 45th Street, Chicago, Illinois 60609, as further described on Exhibit A hereto (the "Subject Property"); and

WHEREAS, the Applicant currently leases an existing 279,000 square-foot warehouse and distribution center (the "Existing Facility") to City Beverage - Illinois, L.L.C., an Illinois limited liability company, d/b/a Lakeshore Beverage (the "Tenant"), and the Applicant intends to expand the Existing Facility by constructing on the Subje...