This record contains private information, which has been redacted from public viewing.
Record #: O2022-4008   
Type: Ordinance Status: Passed
Intro date: 12/14/2022 Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
Final action: 1/18/2023
Title: Support of Class 6(b) tax incentive for properties at 4917 S Kedzie Ave, 4815 S Kedzie Ave and 4837 S Kedzie Ave
Sponsors: Lightfoot, Lori E.
Topic: TAX INCENTIVES - Class 6(b)
Attachments: 1. O2022-4008.pdf








OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT MAYOR


December 14, 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 an ordinance authorizing a Class 6b tax incentive status for a property located at 4837 South Kedzie Avenue.

Your favorable consideration ofthis ordinance will be appreciated.

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, 4837 S. Kedzie Avenue, LLC, an Illinois limited liability company (the "Applicant"), owns certain real estate located generally at 4837 S. Kedzie Avenue, Chicago, Illinois 60618, as further described on Exhibit A hereto (the "Subject Property"); and

WHEREAS, Applicant has constructed a 100,000 square foot municipal solid waste transfer and materials recycling facility upon the 347,573 square foot Subject Property; and

WHEREAS, the redevelopment objectives of the City in connection with the Subject Property are to bring a vacant site to productive use, retain and create new jobs and increase the City's tax base; and

WHEREAS, the Applica...

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