OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHT FOOT
MAYOR
September 21. 2022
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
Al the request ofthe Commissioner of Planning and Development, I transmit herewith ordinances authorizing a favorable lax 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, Aero Chicago II, LLC, a Delaware limited liability company (the "Applicant") has a ground lease on certain real estate located generally at 838 Patton Drive (O'Hare) Chicago, Illinois 60666, as further described on Exhibit A hereto (the "Subject Property"). The total area for the Subject Property site is approximately 447,892 square feet; and
WHEREAS, the Applicant intends to construct a new 132,394 square foot industrial facility on the Subject Property, which it plans to lease to Worldwide Flight Services for use as a warehouse and cargo transfer point; and
WHEREAS, the redevelopment objectives of the City in connection with th...
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