Cook County Class 6(b) property tax incentives will help four Chicago companies to retain and expand their industrial operations through legislation approved by City Council today.

• Eli’s Cheesecake Co., at 4350 N. Normandy Ave. in Dunning, will use the incentive to support the construction of an $8 million, 42,000-square-foot addition to its existing headquarters. The incentive will 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, will use a pair of Class 6(b) renewals to support $1.18 million in building renovations. The incentives will reduce taxes on the properties by $836,716 over their 12-year terms.

• CF II 2700 Roosevelt LLC, at 2700 W. Roosevelt Road in North Lawndale, will use the incentive to support $770,000 in building renovations. The incentive will reduce taxes on the properties by $1.17 million over its 12-year term.

• Gateway Park LLC, at 2800 W. Columbus Ave. in Ashburn, will use a Class 6(b) renewal to support a $5.95 million, 660,000-square-foot building improvement project. The renewal will 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.

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