Ordinance O2024-0008897
Passed
Support of Class 7(c) tax incentive for property at 5214-5232 S Archer Ave
Auto-generated summary
Under the 1970 Illinois Constitution, Chicago uses the Cook County Tax Incentive Ordinance to attract industry via property tax relief. TVB, LLC acquired real estate in the '51*¥Archer Redevelopment Project Area', planning to convert it into commercial space, supported by a Class 7(c) tax incentive granted by the Cook County Assessor's Office. The city supports the incentive's renewal, having received the City Economic Disclosure Statement, and authorizes the Commissioner of DPD to deliver a certified ordinance copy to the Assessor.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Legislation text
Additional Documents
- O2024-0008897 EDS.pdf
- O2024-0008897 Exhibit A - Property Description.pdf
- O2024-0008897 Transmittal Letter.pdf