Ordinance O2024-0012498
Active
Non-Routine
Ward Matters
Economic Development
Tax Incentives
Support of Class 6(b) tax incentive for property at 2515-2561 W Taylor St
Auto-generated summary
The City of Chicago supports 2525 W Taylor LLC's Class 6b tax incentive application for an industrial facility within the Chicago Empowerment Zone, City of Chicago Enterprise Zone No.1, and Western/Ogden Redevelopment Project Area. The Economic Disclosure Statement is filed, the Clerk of the City and Commissioner of DPD are involved, and a Redevelopment Agreement is being negotiated with the Corporation Counsel's approval. The ordinance is effective immediately.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
| Date | Legislative body | Action |
|---|---|---|
| Date 2024-09-18 | Legislative body Chicago City Council | Action Referred |
| Date 2024-09-18 | Legislative body Chicago City Council | Action Introduced |
Locations mentioned
Legislation text
Additional Documents
- O2024-0012498 EDS.pdf
- O2024-0012498 Exhibit A - Legal Description.pdf
- O2024-0012498 Exhibit B - Redevelopment Agreement.pdf
- O2024-0012498 Transmittal Letter.pdf