Ordinance O2024-0009576
Stale
Non-Routine
Ward Matters
Economic Development
Tax Incentives
Support of Class C Tax incentive for property at 4121 and 4155-4157 S Packers Ave
Auto-generated summary
Under Chicago's ordinance and Cook County Classification Ordinance, tax incentives are offered for industrial expansion. Oscar (IL) LLC's property at 4121 S. Packers Avenue and 4155-57 S. Packers Avenue, found contaminated, was remediated by tenant Lakeshore Recycling Systems, LLC, costing over $100,000. A 139,446 square foot recycling facility was built, meeting Class C classification requirements. An Economic Disclosure Statement was filed and the City Clerk is authorized to send a certified copy of the ordinance, effective immediately, to the Assessor.
