Ordinance O2024-0010112
Passed
Non-Routine
Ward Matters
Economic Development
Tax Incentives
Support of Class 6(b) tax incentive for property at 4500 W Chicago Ave
Auto-generated summary
The City of Chicago supports the Cook County Tax Incentive Ordinance, offering tax incentives to industrial property owners like Freedman Seating Company. The company plans to rehabilitate 161,500 square feet of space at 4500 West Chicago Avenue and has applied for a Class 6b tax incentive. The Office of the Assessor of Cook County assessed the property for Class 6b classification. The property lies within the City of Chicago Enterprise Zone No. 5 and the Northwest Industrial Redevelopment Project Area. A Redevelopment Agreement is being negotiated, and the City Clerk is authorized to send a certified copy of the ordinance, effective immediately upon passage, to the Assessor.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- O2024-0010112 EDS.pdf
- O2024-0010112 Exhibit A - Property.pdf
- O2024-0010112 Exhibit B - Redevelopment Agreement.pdf
- O2024-0010112 Transmittal Letter.pdf