Ordinance O2023-0002944
Passed
Non-Routine
Ward Matters
Economic Development
Tax Incentives
Support of Class 6(b) tax incentive for property at 4003-4057 S Normal Street/432-458 W 41st St
Auto-generated summary
Chicago, under the Cook County Tax Incentive Ordinance, offers tax relief to boost industry. MICO Express LCC, owning a property at 458 West 41* Street and 4021 South Normal Avenue, in redevelopment within Enterprise Zone No. 2, applied for a Class 6b tax incentive, subject to the Assessor's classification. The city aims for revitalization, job creation, tax base expansion, and real estate tax generation. The ordinance takes immediate effect post-approval, with the property's Permanent Index Number provided.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Lee, Nicole T.Primary Sponsor | Ward 11 |