Ordinance O2024-0012500 - Chicago Councilmatic

Support of Class 6(b) tax incentive for property at 4655 W Arthington St, 4614 W Fifth Ave and 4620 W Fifth Ave

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K Town Business Centre 2, LLC, seeks a Class 6b classification for its planned 72,000 square foot industrial facility in the Chicago Empowerment Zone. The Assessor of Cook County will determine eligibility for the tax incentive under the Cook County Tax Incentive Ordinance. The City of Chicago supports the redevelopment, expecting significant new revenues. The City's Corporation Counsel and the Commissioner of DPD are authorized to negotiate a Redevelopment Agreement, effective immediately upon passage and approval.

	Sponsor	Ward
	Johnson, BrandonPrimary Sponsor

History

Date

Legislative body

Action

Date 2024-10-30

Legislative body Chicago City Council

Action Passed

On motion of Alderperson Villegas, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.

Votes for	Votes against	Other votes
Votes for Yes: 47 Beale, Anthony Cardona, Jr., Felix Chico, Peter Clay, Angela Conway, William Cruz, Ruth Curtis, Derrick G. Dowell, Pat Ervin, Jason C. Fuentes, Jessica L. Gardiner, James M. Gutierrez, Jeylu B. Hadden, Maria E. Hall, William E. Harris, Michelle A. Hopkins, Brian Knudsen, Timothy R. La Spata, Daniel Lawson, Bennett R. Lee, Nicole T. Lopez, Raymond A. Manaa-Hoppenworth, Leni Martin, Matthew J. Mitchell, Gregory I. Mitts, Emma Moore, David H. Mosley, Ronnie L. Napolitano, Anthony V. Nugent, Samantha O'Shea, Matthew J. Quinn, Marty Ramirez, Julia M. Ramirez-Rosa, Carlos Reilly, Brendan Robinson, Lamont J. Rodriguez, Michael D. Scott, Monique L. Sigcho-Lopez, Byron Silverstein, Debra L. Sposato, Nicholas Tabares, Silvana Taliaferro, Chris Taylor, Jeanette B. Vasquez, Jr., Andre Villegas, Gilbert Waguespack, Scott Yancy, Desmon C.	Votes against	Other votes Not voting: 3 Not voting: Burnett, Jr., Walter Not voting: Coleman, Stephanie D. Not voting: Rodriguez Sanchez, Rossana

Date 2024-10-29

Legislative body Committee on Economic, Capital and Technology Development

Action Recommended to Pass

Date 2024-09-18

Legislative body Chicago City Council

Action Referred

Date 2024-09-18

Legislative body Chicago City Council

Action Introduced

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Ordinance O2024-0012500 Passed

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