Ordinance O2024-0012211
Passed
Non-Routine
Ward Matters
Economic Development
Tax Incentives
Support of Class C Tax incentive for property at 2512 W 24th St
Auto-generated summary
Chicago's ordinance, in line with the Cook County Real Property Assessment Classification Ordinance, grants property tax incentives to stimulate industrial and commercial growth. 2512 W 24" LLC, after remediating its contaminated property, qualifies for Class C classification, and plans to renovate its 56,500 square foot industrial facility for commercial use. The company has filed a Class C application with the Cook County Assessor's Office, and the City has received and filed the Economic Disclosure Statement. The ordinance, overriding any conflicting Municipal Code of Chicago provisions, is effective immediately.
History
Locations mentioned
Legislation text
Additional Documents
- O2024-0012211 - ECTD - Rule 44 letters.pdf
- O2024-0012211 DPD referral letter to Committee Direct Intro.pdf
- O2024-0012211 EDSs_Redacted.pdf