Ordinance O2023-0001378
Passed
Non-Routine
Ward Matters
Economic Development
Tax Incentives
Support of Class 6(b) tax incentive for property at 3815 S Ashland Ave
Auto-generated summary
The Mayor of Chicago, Brandon Johnson, has proposed a Class 6b tax incentive ordinance to the City Council for a property at 3815 South Ashland Avenue, owned by KCS Icebox Venture LLC. The incentive aims to stimulate industrial development and job creation. The property, located in an Enterprise Zone and Redevelopment Project Area, is planned to be developed into a cold storage facility. The ordinance also includes the ability for the Commissioner of DPD to negotiate a redevelopment agreement. The details of the property and surrounding parcels are thoroughly described. A Redevelopment Agreement, prepared by Ashley B. Fawver, Esq., outlines tax incentives and other project details for KCS Icebox Venture I LLC. The ordinance is effective immediately upon approval.
Alternate identifiers: O2023-2315
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |