Um, for my colleagues. Um, we are we are trying the, uh,
new process of voting electronically in the Committees and
it's our prop poll that it was started in the technology
committee. Uh, so that way.
We can work out the, The Kinks here. Um, so
the um,
Christian on my staff will will ask for a roll call and
then you'll hit refresh.
And then you'll go ahead and select um, whether you're
present or not.
It the voting will only be for the Quorum unless there is a
a vote, uh, that is, uh, roll call this requested, um, by
by the any Committee Member, um, and then we'll use the
tablet again, but we use the tablet just for the
Um, Quorum call. So with that, we'll go ahead and we're
going to go ahead and um, start the Quorum call. Christian,
can you take a roll call to establish Coral? Numbers can
just hit Refresh on our iPad.
And Mark themselves present.
and as long as we have folks with marking themselves
present on their table,
Alderman Mitchell, we're waiting for
Alderman laspada. Yes. Sorry. Is there a forgive me? If I
missed this email was I supposed to have downloaded or find
found a particular link.
Alderman Hall.
Alderman Mitchell. I your present but you're having iPad
issues, huh?
Well, keep you listed as present?
Alderman Mosley.
Alderwoman tatis.
Alderman waguespack.
Alderman waguespack is Canada's present.
And Alderman, the Paul Tano.
Alderman of Paul Tonneau is present. Thank you.
Alderman. Reilly
Alderman, we have a core, uh please let the record reflect
that all the laspata is present remotely.
Yeah. All right. Thank you.
Thank you. Uh, Christian. Ladies and gentlemen, we have a
quorum Alderman is in the paletton.
And spado as well as laspata requested to participate. In
today's meeting remotely under rule 59, can I get a motion
to allow them to participate? Remotely?
Uh, Al alderwoman Gutierrez motions to allow Alderman. The
palatin to participate REM
any op.
On the Pate, uh, it's city planner with the Department.
planning and development is available to answer any
questions on the appointments.
The ectd team has confirmed to support or not objection for
the following council members with appointments, within
their respective Wards Alderman, Hopkins and Alderman
Reilly.
At this time. Are there any questions from the members
regarding the appointments?
Seeing none.
Um, none of the appointees are present.
Uh, may I have a motion to recommend approval of the
appointments, by the same role call that was applied to
determine quorum.
Alderman Mitchell so moose hearing no objection. So ordered
the do pass recommendation the appointments will be
reported out the next city council meeting.
Items, 3 to 7:00 on the agenda are ordinances to approve
class 6B tax incentives.
Uh item 3 on the is a class 6B tax incentive for property at
at 4209, West Lawrence, Avenue in the 39th Ward Jeffrey
calling the Deputy Commissioner for the Department of
Planning and Development. He's here to present in support
of the item will be available to answer any questions. We
also have members of the development team available to
answer any questions. Mr. Cohen. Please begin the
presentation. When you are ready. Great.
Thank you, chairman, good morning uh members of the
committee on economic capital and Technology development
for the record. My name is Jeffrey Cohen, Deputy
Commissioner and the department of Planning and
Development. I'm also joined today by a v from the
development team. I'm here today to request your approval
of an ordinance supporting an initial class 6B property,
tax incentive for senior Properties. LLC for the purpose of
rehabilitating, an approximately 5,400 square foot
industrial property located at 4209, West Lawrence Avenue
that has been vacant since 2012, 2017. Sorry.
Uh, again, the project is located at 4209, West Lawrence,
which is in the 39th board, Albany Park, Community area,
and the Northwest planning region Alderman. Nugget has
provided a letter of support for the project.
Uh here is an aerial of the view of the site which is
located on the south side of West Lawrence Avenue between
North Tripp Avenue and North Keeler. Mr. Cohen. 1 second.
Uh it can you. Okay, there we go. We get it. Go ahead.
Goodness, go. Yep.
Uh, here's a photo showing the current conditions of the
site's exterior, the structure is about 5400 square feet,
and has been vacant again since 2017.
Here is a view of the conditions of the of the site's
Interiors. It is currently uninhabitable due to the lack of
a functioning bathroom inadequate, Heating and unsafe
flooring.
The applicant senior Properties, LLC purchased the property
in August of 2023 and plans to rehabilitate it into a state
of the art Central Kitchen, to serve existing, and future
Senor restaurant locations are cross Chicago.
location will store and hold the location will store and
hold will store wholesale supplies and food products to
these locations. The scope of work includes major upgrades
to Plumbing HVAC and electrical systems as well as an
extensive interior. Rehabilitation tax savings from this
incentive to the applicant or estimated to be approximately
202,000 over a 12-year period or 150,000 on the Net Present
Value basis. They had planned to invest about $1 million,
Uh, construction has already started and is expected to be
completed in Spring of this year.
Uh, as mentioned, the estimated total project cost is 1
million which will be financed equally with developer
equity and a senior loan.
As the tax incentive impact table here shows the estimated
12 year, tax savings to the applicant are 202,000 of which
the city shares about 47,000 on a Net Present Value basis.
This is 150k and 35,000 respectively.
Dpd is in support of this project and recommends the
approval of this initial class 6. B incentive as the
developer has committed to invest 1 million in support of
its current locations across the city. Providing
flexibility in selecting sites for future expansion. It
will create 15 full-time and 8 to 10 part-time jobs, and
the investment will rehabilitate a long vacant property
along a major thoroughfare.
Again, the developer will receive an abatement estimated to
be worth around 202,000 over a 12-year period which is
nearly a 5 to 1 investigation.
Uh, thank you for your favorable consideration of this
request. I as well as the members of the development team
are happy to answer any questions. The committee may have
Thank you, Mr. Cohen. Also like to let the record reflect
that Vice chair Mosley is now in attendance.
Um, are there any questions or comments from the members of
the committee?
Uh, Alderman Mitchell.
Can you developing can developer? Please come to the uh
table. Thank you.
Alderman Mitchell.
Good morning.
My name is a fatal name of the company and everything.
A senior Properties LLC. Okay.
Good.
I didn't just want to see who the developer is and don't
have any really more questions. I didn't see it.
But as long as the alderman,
Is a supportive of it and I'm fine.
Alderman mitts.
Thank you, Mr. Chairman, um, I am familiar with the
developer. Uh, they worked in 37th award. Um, n27th award,
automate Bernett. So they've done some work in our area on
businesses. And we are very pleased at the work they've
done done. So I asked favor with support from the committee
for the project. Thank you, Alderman. Any other questions
from members of the committee
All right, seeing no questions. Um alderwoman Nugent has
provided a letter of support. For this item may have a
motion to recommend a patch of this item by the same roll.
Call was applied to establish Quorum alderwoman mitzo
moves, hearing no objection. So ordered the do pass
recommendation will be ported out the next city council
meeting. Thank you, thank you.
Agenda item. Number 4. It is ordinance, is an ordinance on
class 6B tax incentive for property at 4901 West Arlington,
Street in the 24th Ward. Jeffrey Cohen is here to uh
present in support of the item will be available to answer
any questions. 1 second Alderman, Lopez,
Thank you. Chairman, can we have the uh, corresponding
parties join him when he's presenting?
Yes, of course. Thank you. Um, Jeffrey. Uh, Jeffrey. Kahn
is here to present in support of the item and we will be
available to answer any questions. We also have members of
the development team will be available to answer any
questions, uh, Mr. Cohen? Please begin the presentation
when you're ready. Also, please ask the development teams
that are requesting the 6B to sit with the respective uh
City, uh, dpd employee. Thank you, Mr. Cohen. Thank you,
uh, again. Good morning chairman of Vegas and members of
the committee on economic capital and Technology
development. Uh, again for the record my name is Jeffrey
Cohen. Deputy Commissioner in the department of Planning
and Development. I'm also joined today by Robert McMillan
and Mark Rogers from the development team. I'm here today
to request the approval of an ordinance supporting an
initial class 6B property tax incentive for the property
located at 4901 West arthington uh 4901 Arlington, LLC also
also doing business as Dearborn denim. Uh for the the
purpose of this class incentive is to rehabilitate
rehabilitate, a 25,000 square foot industrial building and
That has beset. Vacancies April 2019.
Uh, the project site is located again at 4901 West,
Arlington Street, which is in the 24th. Ward Austin,
Community area. West planning region, as well as the
Roosevelt and Cicero industrial Corridor Alderman. Scott
has provided a letter of support.
Here, you'll see aerial of the site. Uh is located on the
northwest corner of West, oh and South Leman uh
intersection in the Austin neighborhood. As part of the
project, the developer removed 50 truckloads of dirt to
level of surrounding land for the purposes of the dedicated
parking lot.
Uh, here's a view of conditions of the site. After removing
a significant amount of debris from the property and
grading the floor is prior to additional Rehabilitation.
Uh, the building was constructed in 1966 and contains
approximately 25,000 square feet of industrial space and it
sat vacant since 2019 through 2023, when Dearborn Denim and
apparel moved in.
The applicant for this incentive is 4901, Arlington LLC
doing business as Dearborn Denim and apparel? This is a
native Chicago, e-commerce manufacturer of denim, garments
clothing and accessories with a focus on ethical sourcing
and production.
Dearborn. Denim has invested nearly 1.7 million in the
acquisition Rehabilitation of the former vacant property.
The improved property now serves as the company's
headquarters in principal manufacturing plant. After he
grew out and moved as as it grew and moved out from its
prior 8,000 square foot location located at 333 West
Harrison Street.
The tax savings to the applicant. From this incentive are
estimated to be approximately 1 million dollars over a 12
year uh period which is an dollars on a Net Present Value
basis. Again, the company acquired the property in April
2021 started, the rehab in June of 21 and finished the
property in August of 23.
Uh the total project cost was nearly 1.7 million and this
was financed with 18% Equity 82% debt. The project costs
were approximately 45% for the acquisition, 37% for hard
costs and 18% for equipment.
The tax analysis. Uh estimates the 12 year, tax savings to
the applicant from the incentive to be slightly over $1
million, 800k on a Net, Present Value, basis of which the
city share is approximately 250,000 or 185,000 on npv
basis.
The estimated net benefit to all taxing to all taxing
districts is 165,000 over the 12 year period.
This slide shows the after project completion and reoccupy
as mentioned the location. Now serves as Dearborn denims
headquarters and principal manufacturing plant.
uh, the project allowed Dearborn denim to initially
increase its Workforce with 10 full-time jobs, while
to retain 50 full-time jobs, since occupying, this, and
this building and rehabilitating the property. Dearborn
denim has increased its employee base to 74 and will seek
to continue hiring new employees throughout the incentive
period. Additionally Dearborn Denim and apparel should be
recognized for its highly inclusive and diverse employee
roster of which 96 96% are minorities. 76% are women and
81% live in Chicago. Proper
Dbd is in support of this incentive based on the job
creation. The business is hiring practice and Workforce
composition. It's significant investment while eliminating
a vacant property and the positive tax impact that this to
the taxing districts. Uh we'd like to thank you for your
consideration of this request. I as well as the members of
the development team are here to answer any questions.
Thank you, Mr. Khan any, any questions from the members?
Thank you.
All right, seeing no questions from the um 1 question. This
project's already been completed? Correct? Correct. Did you
utilize any type of minority women-owned firms? During the
construction? Could you speak to a little bit today? Um, so
we do have the uh, into the mic sir.
I'm sorry.
Um so we did utilize MBE wbe Labor. Uh we have the GC here
here, uh, Prato construction. Uh we actually got them
certified for uh, through this process. Uh, they were not
initially certified. Um, so as a result of this, um, city
has another, um, MBE wbe
GC. Thank you. Appreciate that.
All right seeing no other hands or members, as for
questions. Uh, there is a letter of support from
alderwoman. Mooney Scott, on file Alderman, Lopez has made
a motion to approve hearing no objections. Sore ordered do
pass, recommendation will be reported out the next city
council meeting. Thank you.
No, um, 1 second Alderman Lopez made a motion to uh to
approve.
All in favor please say I I any opposed any opinion of the
chair of the eyes have it hearing no objections. So ordered
the do pass recommendation will be ported out the next city
council meeting.
Uh, item number 5 is an ordinance on a class, uh, 6B tax
incentive for the property at 4555 South Racine Avenue in
the 15th. Ward, Jeffrey Coleman is here to present in
support of the item and be available to answer. Any
questions. We also have members of the development team
available to answer any questions.
Uh, Mr. Excuse me, Mr. For the record who was that Shivan?
Patel will be taking to care for Patel, okay?
All right, Mr. Patel
Mr. Patel, please begin the presentation when you are
ready,
Good morning, chairman Vegas and members of the committee
on economic capital and Technology development for the
record. My name is shaan Patel financial planning analyst
with the Department of Planning and Development. I'm joined
today here by Randy Anderson the Chief Operating Officer of
Testa produce, and Peter Testa of Testa properties.
I'm here today to request the approval of an ordinance,
supporting a class 6B property, tax incentive, renewal for
test properties, for the purpose of expanding, the existing
911,000 square foot facility.
The project site is located at 45555, South racing Avenue
in the 15th, Ward within the new City community area
represented by Alderman, Raymond Lopez, who is in support
of the project.
Here's an aerial view of the neighborhood context. The
property is outlined in red situated. Alongside racing
Avenue, just north of 47th Street.
This slide depicts the current conditions of the site and
exterior of the building, the initial 6 B incentive allowed
tested to relocate and build their lead Platinum primary
warehouse and distribution facility which was constructed
on city-owned land. That was vacant for 13 years for their
continued effort, Testa 1 a Chicago, manufacturing award
for positive Community impact in 2024.
Tesla is Seeking a renewal to its initial 6B incentive
which will provide an approximate 1.9 million. In savings
allowing tested to directly invest in estimated 24.4
million in the expansion of its freezer and dry storage
capacity and food distribution capabilities, during the
renewal period.
This expansion is estimated to add an additional 25
full-time jobs. Within the next 5 years, adding to the 200
current Chicago city employees of which 85% are women and
or minorities,
Here's a picture of the inside of the building reflecting
current updates.
This slide shows the current updates of the warehouse
interior and the proposed uses for the tax incentive
renewal again are to expand the freezer and drive storage
business. The last mile of distribution operations,
Purchasing new refrigerated trucks, and hiring 25, new
full-time employees over the next 5 years.
The budget of 24,480,750 is broken out into site and
environmental costs of around million dollars. Dry storage
and freezer costs of around 9 million. Refrigerated trucks,
costing around, 11.6 million and warehouse and office costs
around 2.8 million to be equally funded by debt and Equity
financing.
The estimated 12 year, tax savings for test of properties,
will be 1,976,209 with the net present value of 1,435 792,
and the city's share of that would be 457,323.
Tesla spent 24 million in 2010 to build the facility. When
the initial 6 B was granted, they have invested in
additional 8 million dollars since 2020, including 2
million dollars at a nearby facility. 3 million was spent
to improve their existing facilities including
environmental upgrades, adding solar panels and a fuel
station. An additional 3 million was spent on expanding
their Refrigerated trucking Fleet.
They plan to invest in additional 18.2 Million by 2029 of,
which 9 million will be used to expand the country. The
company's dry Warehouse expansion
This tax incentive will help maintain occupancy costs and
competitive positioning in the market. Tesla does have a
new private Equity ownership through its acquisition by
fresh Edge in 2023.
Which has locations throughout the Midwest and the Chicago
suburbs, maintaining the incentive will retain a long time,
Chicago company as the user, and limit a new vacancy.
Dpd is in support of this project that has brought jobs and
continued investment to the south side of Chicago.
Southwest side of Chicago area testing has made 8 million
dollars in Investments since 2020 and expects to make an
additional 18 million over the next 5 years. The project
expected. The project is expected to retain 200 full-time,
Chicago, employees, and create, at least 25 new full-time
jobs.
The applicant will save a approximately 1.9 million dollars
with the incentive, but the city will benefit from test as
continued growth.
Thank you for your favorable consideration of the requests,
I, as well as members of Justice team are happy to answer
any questions. The committee may have
Thank you. Um, Mr. Tisa, any questions from members of the
committee alderwoman, Lee
Thank you, chair. Um, I don't have a question, just a
comment. This used to be the 11th ward, uh, appreciate the
continued investment and, uh, and our neighboring Ward,
ugh, in the 15th word. So I'm in full support of this
project just wanted to say, thank you.
Um,
Mr. Patel, you had and your presentation Tesla was acquired
by
Um, Edge, fresh or fresh Edge? Fresh Edge is fresh Edge
headquartered in Chicago.
No, it's not. It's a headquartered in Indianapolis
Indianapolis. Okay?
Alderman Lopez.
Thank you, chairman and good morning, good afternoon
members of the committee um here today to ask for your
favorable consideration of this item. You've heard a great
summation, but I don't think words do justice to the family
that literally has been selling produce to the city of
Chicago for 113 years, going back to 1912, which I didn't
realize, uh, just how long they've been a part of this city
this city and in particular, been a part of the southwest
family's Roots, incidentally, only go back about a hundred
years, so you got me beat. Um, but being able to ensure
that we keep um, facilities like this employers like this.
On the southwest side in the Stockyards, next to the Back
of the Yards um is exactly what this tax incentive should
be used for, um, to see at 10 fold 10% increase in their
employee, um, population, which is a union Workforce with
full health benefits, retired, retirement benefits, um, and
they generally all around good partner in our community.
Uh, is someone that I'm proud to uh, stand here, uh, and
join you today to advocate for. So I would ask for this
committee's favorable consideration and
Report of this item. Thank you. Thank you Alderman Lopez.
Uh,
any other questions or comments from committee members? All
right. Seeing none. May, I have a motion to recommend
passage of this item by the same role call that was applied
to establish quorum.
Alderman, Alderman, Cardona. So moves here, we know
Jackson. So ordered to do pass recommendation will be
reported out the next city council meeting. Thank you.
Thank you, item 6 uh on the agenda is an ordinance on a
class.
6B tax incentive for property. At 54440 to 5450 North
Northwest Highway.
Um, William Grahams the financial planning and analysts
from the Department of Planning and Development here to
present in support of the item and will be available to
answer any questions. We also have members of the
development team available to answer any questions as well.
Mr. Grants, please begin the presentation when you are
ready.
Thank you. Um,
Good afternoon, chairman viegas and members of the
committee on economic capital and Technology development
for the record. My name is William Grahams financial
planning analyst and the department of Planning and
Development. I'm also joined today by Howard Shane and Andy
Sanchez from the development team.
I'm here today to request the approval of an ordinance
supporting a renewal of a class 6B property tax incentive
for top web. LLC to support their commercial printing
business at 5450 North Northwest Highway.
The project site is located at 5450 North Northwest
Highway, which is in the 45th Ward. The Jefferson Park
Community area and the Northwest planning region.
Alderman, Jim Gardner has provided a letter of support for
the project.
Here is an aerial view of the site which is located along.
The Kennedy Expressway midway between West Foster Avenue
and West binmore Avenue.
Here is a view, showing the current conditions of the site.
The facility was newly constructed in 2013, and received a
class 6B property tax incentive.
Here is a view of the interior of the facility.
The developer is Seeking a renewal of the class 6B
incentive for its 66,856 square foot office warehouse,
which is used for the manufacturing of front products.
Top web is the last remaining newspaper printer in the city
of Chicago and Prince, most of the Chicago public school
newspapers as well as other local community newspapers.
The building is also used for receiving products that
require additional distribution through insertion into the
newspapers that top web prints.
With the renewal of the incentive top, web plans to invest
in estimated 1.75 million in in an additional digital
printing, press it spending and general maintenance on the
facility and create 5 additional jobs, which would increase
the headcount from 34 to 39.
As previously mentioned, top web facility was newly
constructed in 2013. All in the invested, 29.2 million in
land Construction, and Equipment costs.
Additionally, during the initial incentive period, they
invested nearly 1.1 million dollars more to add printing
presses, and other printing equipment.
The estimated 12-year tax savings to the applicant for the
renewal period.
Is 1,289,779 or 937,074 in Net, Present Value?
Of which the city share is 298,473 or 216,852 Net, Present
Value.
Dpd is in support of renewing, top Webb's class 6B
incentive for an additional 12 years.
Top of has made and will continue to make significant
investments in the facility.
Additionally, 5 new jobs will be created as a result.
Finally, the renewal will allow top web to maintain the
building as a Class A production facility and remain
competitive in the market.
Top web is the only remaining newspaper printer in the city
of Chicago and the expiration of the incentive would
significantly challenged the financial condition of the
company and constrain its ability to reinvest in the
facility.
Thank you for your favorable consideration of this request.
I as well as members of the development team are happy to
answer any questions. The committee may have
Are there any questions or comments from members of the
committee?
Alderman Gardner has provided a letter of support for this
item.
Seeing no questions or comments, may I have a motion to
recommend pass this item by the same role. Call that was
applied to establish Quorum alderwoman guitar, so moves
hearing no objection. So ordered to do pass recommendation
would be reported out. Next city council meeting, thank
you.
Alright, ladies and gentlemen, our final item is item.
Number 7 uh is an ordinance on a class 6B tax incentive for
property at 4221 North Normandy in the 38th Ward
Ugh. Jeffrey Cohen is here to present support. The item
will be available to answer any questions we all have. We
also have members of the development team available uh to
answer any questions as well.
Uh, Mr. Coin, please begin the presentation when you are
ready.
Thank you, chairman.
Uh again good morning members of the committee on economic
capital and Technology development for the record. My name
is Jeffrey Cohen. Deputy Commissioner for the Department of
Planning and Development. I'm here as well as members from
the development team, including John dudlik of John Chris
LLC. Uh, the applicant and Zack K fits of Sarnoff property,
tax law firm.
I'm here today to request your approval of a class 6B
property tax incentive. Uh,
For John Chris LLC.
Uh this per this renewal will extend the useful life of the
industrial property located at 4221 North Normandy a and to
protect its competitive positioning within the market.
Again, the property is located at 4221 North Normandie
Avenue within the West Irving Park Community area in the
38th board in Northwest planning region Alderman. Spado is
also in support of the renewal
The property highlighted in red is located on the east side
of Normandie, Avenue, 1 block, south of Montrose. The
immediate area is a mix of industrial commercial and
residential properties. Along with the newly constructed,
Taff Freshman Academy to the South
shown here is an exterior photo of the existing conditions
from Normandy Avenue.
And here's a, a current site conditions of the Interiors
John Chris LLC seeking a renewal of the class 6B incentive
in order to remain competitive in the marketplace and
address the additional circumstances to ensure the reoccupy
of the facility.
The property has been vacant since September 2023 after the
previous tenant, did not renew. Its lease, citing the
expiration of the incentive as well as challenges with the
traffic congestion along Normandie Avenue.
The renewal of the 6B incentive is essential for the
property to remain competitive within the area compared to
Alternatives in the surrounding region. In addition, in
addition to keep overall occupancy costs in line with the
market, the applicant will make additional Capital
Improvements to extend the useful life of the property and
any specific improvements a prospective tenant may require
Uh, John Chris LLC estimates that the project cost to be
around 2. 3, 5.
The project scope includes a new roof production area and
office HVAC system repairs and tenant specific requests.
The project will be financed primarily by John, Chris
llc's, own equity and a minimal amount of debt.
Over the renewal term. It is estimated that the tax
abatement to the applicant will be around 1.5 million
dollars or about 1.1 on a Net, Present Value basis, the
city share of this incentive of. This abatement will be
around 350,000 or 250 on Net Present Value basis.
The department of Planning and Development chose to
recommend the renewal of this 6B incentive for multiple
reasons. The renewal of the property is competitive
position amongst nearby Suburban, industrial markets, and
local competitors. And it will help attract new tenants
that would potentially add 25 to 75 full-time employees.
The applicant is committed to investing up to 2.
4 million in Capital Improvements, in order to extend the
useful life of this property.
Uh, thank you for your favorable consideration of this
request. I as well as the members of the development team
are happy to answer any questions. Thank you, Mr. Cohen.
Are there any questions or comments from members of the
committee?
All right, seeing none. I know that Alderman. Basado has
provided a letter of support. Please join us via, Zoom, I
hope and I open the floor to alderman pasado.
Thank you chairman. Uh, thanks for hearing us here. Uh,
just want to make sure everybody knows I do support this.
Uh, John affectionately known as just John. He's a good man
and they've been struggling a little bit over there. So I
really appreciate your favorable consideration and support
in this and also the the planning and development team for
all they did.
Thank you, elderman spot. Um, sposaro, um, Vice chair
Mosley makes a motion to approve the, um,
The um, incentive.
may have may I um, all in favor, please say I
All opposed and appear in charity. I have it. Do pass
recommendation will be reported out the next city council
meeting. Thank you, everyone. Um, since there's no further
business may I have a motion to adjourn by the same roll
call vote. That was applied to determine a quorum
You guys want to stay here? Um, Alderman, wages back, so
moves here. No objection. So ordered the meeting of the