Ordinance O2024-0007879
Passed
Non-Routine
Ward Matters
Economic Development
Tax Incentives
Support of Class C Tax incentive for property at 1250 S Kilbourn Ave
Auto-generated summary
Mayor Brandon Johnson's letter to the Chicago City Council discusses tax incentives for Peoria Packing Roosevelt Property, LLC, owner of a remediated 46,305 square foot vacant industrial building at 1250 South Kilbourn Avenue. The owner plans to construct a 109,157 square foot facility, aligning with the city's redevelopment objective to encourage industrial development. The property, eligible for Class C classification under the Cook County Real Property Assessment Classification Ordinance, has an application filed with the Cook County Assessor.
