Ordinance O2024-0010114
Passed
Support of Class 7(a) tax incentive for property at 5100 S Damen Ave
Auto-generated summary
Chicago's ordinance involves 5100 S. Damen LLC's construction at 5100 South Damen Avenue within the '47th/Ashland and Northwest Industrial Corridor Redevelopment Project Areas'. The Diaz Group, LLC's headquarters project, under Illinois Tax Increment Allocation and Cook County Tax Incentive Ordinances, aims for business attraction, employment increase, and tax base growth. The City's Department of Planning and Development confirmed its Class 7a application eligibility to the Office of the Assessor of Cook County, received the Economic Disclosure Statement, and authorized a Redevelopment Agreement.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Legislation text
Additional Documents
- O2024-0010114 EDS.pdf
- O2024-0010114 Exhibit A - Property.pdf
- O2024-0010114 Exhibit B - Redevelopment Agreement.pdf
- O2024-0010114 Transmittal Letter.pdf