Ordinance O2024-0008896
Passed
Non-Routine
Ward Matters
Economic Development
Tax Incentives
Support of Class 6(b) tax incentive for property at 272 N California Ave
Auto-generated summary
Chicago's ordinance, aligned with the Cook County Tax incentive Ordinance, provides tax incentives to property owners like 272 N. California LLC, enhancing industrial properties in zones like the Chicago Empowerment Zone. The LLC's property, leased to Direction Promo, Inc. and Thomas Livings LLC, has a Class 6b tax incentive application under review by the Assessor. The Economic Disclosure Statement has been filed, and the Clerk and the Commissioner of the City's Department of Planning and Development are involved in the process.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- O2024-0008896 EDS.pdf
- O2024-0008896 Exhibit A - Property Description.pdf
- O2024-0008896 Exhibit B - Redevelopment Agreement.pdf
- O2024-0008896 Transmittal Letter.pdf