Ordinance O2023-0005980
Passed
Non-Routine
Ward Matters
Economic Development
Tax Incentives
Support of Class 6(b) tax incentive for property at 328 W 40th Pl
Auto-generated summary
Mayor Brandon Johnson proposes a Class 6(b) tax incentive for 328 W. 40" TMG, LLC's 180,900 square foot industrial facility at 328 West 40" Place, in the City of Chicago Enterprise Zone No. 2. The redevelopment, under the Cook County Tax Incentive Ordinance, promises significant employment and additional real estate taxes. The Assessor of Cook County will review the Class 6b eligibility application, leading to a Redevelopment Agreement.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- O2023-0005980 EDS.pdf
- O2023-0005980 Exhibit A - Legal Description of Subject Property.pdf
- O2023-0005980 Exhibit B - Redevelopment Agreement.pdf