Journal of the Proceedings of the City Council of the City of Chicago - December 9, 2015
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Fuente: Journal of the Proceedings of the City Council of the City of Chicago
12/9/2015
REPORTS OF COMMITTEES
15411
On motion of Alderman Brookins, the said proposed ordinance transmitted with the foregoing committee report was Passed by yeas and nays as follows:
Yeas -- Aldermen Moreno, Hopkins, Dowell, Burns, Hairston, Sawyer, Mitchell, Harris, Beale, Sadlowski Garza, Thompson, Cardenas, Quinn, Burke, Lopez, Foulkes, D. Moore, Curtis, OShea, Cochran, Brookins, Munoz, Zalewski, Scott, Solis, Maldonado, Burnett, Ervin, Taliaferro, Reboyras, Santiago, Waguespack, Mell, Austin, Ramirez-Rosa, Villegas, Mitts, Sposato, Laurino, OConnor, Napolitano, Reilly, Smith, Arena, Cappleman, Pawar, Osterman, J. Moore, Silverstein -- 49.
Nays -- Alderman Tunney -- 1.
Alderman Beale moved to reconsider the foregoing vote. The motion was lost.
The following is said ordinance as passed:
WHEREAS, The City of Chicago the "City" is a home rule unit of government under Section 6a, Article VII of the 1970 Constitution of the State of Illinois authorized to exercise any power and perform any function pertaining to its government and affairs; and WHEREAS, The Cook County Board of Commissioners has enacted the Real Property Assessment Classification Ordinance, as amended the "Ordinance", which establishes the Class 7c tax incentive under the Ordinance; and WHEREAS, Halsted Two Property LLC, an Illinois limited liability company "Halsted", owns certain real estate located generally at 825 West 47th Street, Chicago, Illinois 60609, as further described on Exhibit A hereto the "Project Site"; and WHEREAS, Halsted proposes to develop the Project Site by constructing an approximately 2,048 square foot building on a 12,478 square foot parcel the "Project"; and WHEREAS, The Project will increase employment opportunities, economic activity in the area and growth in the real property tax base; and WHEREAS, Halsted has applied to the Office of the Assessor of Cook County, Illinois the "Assessor" for designation of the Project Site as a Class 7c classification eligible for certain real estate tax incentives; and WHEREAS, The Ordinance provides that an applicant for Class 7c classification must obtain an ordinance or resolution from the municipality in which the real estate is located expressly stating that a the municipality has determined that the eligibility factors of the Ordinance are present, and b the municipality supports and consents to the Class 7c classification by the Assessor; and WHEREAS, The Department of Planning and Development of the City "DPD" has reviewed the proposed Project, has determined that it meets the necessary eligibility requirements for Class 7c designation, and hereby recommends to the City Council that the City expressly determine that a the required eligibility factors are present, and b the City
