Proposed Cook County Class 6(b) property tax incentives would help four Chicago companies to retain and expand their industrial operations through proposals submitted to City Council today.

• Eli’s Cheesecake Co., at 4350 N. Normandy Ave in Dunning, would use the incentive to support construction of an $8 million, 42,000-square-foot addition to its existing headquarters. The incentive would reduce taxes on the property by $386,135 over its 12-year term.
• Modern Process Equipment Corp., at 3130 and 3136 S. Kolin Ave. in Little Village, would use a pair of Class 6(b) renewals to support $1.18 million in building renovations. The incentives would reduce taxes on the properties by $836,716 over their 12-year terms.
• CF II 2700 Roosevelt LLC, at 2700 West Roosevelt Road in North Lawndale, would use the incentive to support $770,000 in building renovations. The incentive would reduce taxes on the properties by $1.17 million over its 12- year term.
• Gateway Park LLC, at 2800 West Columbus Ave in Ashburn, would use a Class 6(b) renewal to support a $5.95 million, 660,000-square-foot building improvement project. The renewal would reduce taxes on the properties by $13.6 million over its 12-year term.

The Class 6(b) incentive is intended to encourage industrial development, rehabilitation of existing buildings and repurposing of abandoned buildings.