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This record contains private information, which has been redacted from public viewing.
Record #: O2022-3006   
Type: Ordinance Status: Introduced
Intro date: 9/21/2022 Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
Final action:
Title: Support of Class 6(b) tax incentive for property at 1327 S Kilbourn Ave
Sponsors: Lightfoot, Lori E.
Topic: TAX INCENTIVES - Class 6(b)
Attachments: 1. O2022-3006.pdf
OFFTCE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
September 21, 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 herevvi 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 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, United Scaffolding, Inc. an Illinois corporation (the "Applicant") owns the property located generally at 1327 S. Kilbourn Avenue, Chicago, Illinois 60623, as further described on Exhibit A hereto (the "Subject Property"); and

WHEREAS, the Applicant intends to construct a new 10,350 square foot warehouse and a new 2,400 square foot office building, and relocate to the site; and

WHEREAS, the redevelopment objectives of the City in connection with the Subject Property are to return the now vacant site to productive use and to create jobs once the project is completed; and

WHEREAS, the Applicant has filed or intends to file an eligibility a...

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