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Council approves Class 8 tax application for redevelopment at 2116 State Street
Summary
The council approved Resolution #2026-72 on July 15 authorizing an application for a Cook County Class 8 tax classification incentive for 2116 State Street; the city's economic development director said the applicant seeks relief to offset redevelopment costs.
The Chicago Heights City Council voted to approve Resolution #2026-72, permitting an application for a Cook County Class 8 tax classification for an industrial property at 2116 State Street. The applicant is One Energy Development, LLC; Economic Development Director Jack Hynes said the classification would help offset some redevelopment costs.
Alderman Sonia Perez moved the resolution and Alderman Wanda Rodgers seconded. The motion carried with six ayes and one absence recorded. The action authorizes city staff to proceed with the county application process; any tax classification decision rests with Cook County.
