Ordinance O2023-0002991
Passed
Non-Routine
Ward Matters
Economic Development
Tax Incentives
Support of Class 6(b) tax incentive for vacant building and property at 407 W 109th St
Auto-generated summary
On 7/19/2023, Mayor Brandon Johnson proposed a Class 6(b) tax incentive for 407 W 109th St, expected to generate significant employment and revenue. The property, in the Chicago Empowerment Zone and the 107"/Halsted Redevelopment Project Area, is owned by Toro Construction, Corp. and leased to Integrity Wall, Inc. for a manufacturing facility. The incentive, under the Cook County Tax Incentive Ordinance, was requested by the Commissioner of Planning and Development, assessed by the Office of the Assessor of Cook County and the Committee on Economic, Capital and Technology Development, and reviewed by the City's Corporation Counsel.
