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CITY OF WEST CHICAGO
CITY COUNCIL
AGENDA ITEM SUMMARY
ITEM TITLE:
AGENDA ITEM NUMBER: 6. Ee.
Ordinance No. 22-O-0015 — Real Estate Tax Abatement — aT Se mas
OSI Industries FILE NUMBER:
COMMITTEE AGENDA DATE: N/A
COUNCIL AGENDA DATE: 4/18/2022
STAFF REVIEW: SIGNATURE
APPROVED BY CITY ADMINISTRATOR: SIGNATURE
ITEM SUMMARY:
In 2021, the City Council and other participating units of government approved an Intergovernmental
Agreement with OSI Industries for a partial property tax abatement.
OSI Industries has met the terms of the IGA, so the taxing bodies must now approve the attached
Ordinance.
STAFF RECOMMENDATION:
Staff recommends adoption of Ordinance No. 22-O-0015.
COMMITTEE RECOMMENDATION:
Since the developer has met the terms of the IGA, the taxing bodies are obligated to adopt the attached
Ordinance, so this item was not sent to Committee.

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ORDINANCE NO. 22-0-0015
ORDINANCE PROVIDING FOR REAL ESTATE TAX ABATEMENT -
OSI INDUSTRIES PROPERTY
WHEREAS, the Illinois Property Tax Code, 35 ILCS 200/18-165, authorizes any taxing
district to abate its taxes in relation to a specific property; and
WHEREAS, in “An Intergovernmental Agreement Between the City of West Chicago,
DuPage Airport Authority, West Chicago Library District, West Chicago Fire Protection District,
West Chicago Elementary School District 33, Community High School District 94 and OSI
Industries Property in Regard to a Property Tax Abatement Relative to the Development of the
OSI Industries Property,” dated June 22, 2021 (“IGA”), the City Council of the City of West
Chicago previously determined it to be in its best interests to abate a portion of its taxes on the real
estate legally described in Exhibit 1, attached hereto and made a part hereof (“Subject Property”),
in order to encourage a commercial firm to redevelop the Subject Property; and
WHEREAS, the conditions of the IGA for the abatement of a portion of the taxes on the
Subject Property have been met; and
WHEREAS, in the IGA, this City Council previously determined such abatement of taxes
to be in the best interests of its taxpayers in order to encourage a commercial firm to redevelop the
Subject Property, increase the tax base, and increase employment opportunities.
NOW, THEREFORE, BE IT ORDAINED by the Mayor and City Council of the City
of West Chicago, DuPage County, Illinois, as follows:
Section 1. This City Council hereby finds that all of the recitals contained in the preambles
to this Ordinance are full, true and correct and does now incorporate the same herein by reference.
Section 2. The County Clerk of DuPage County, Illinois is hereby ordered to abate the real
estate taxes to be extended on the Subject Property, on behalf of the City of West Chicago
according to the rate set forth in Section 3 below, but excluding any levy or levies for debt service
(“Abatement Rate”), commencing at the start of the next calendar year after the year in which this
Ordinance is passed. However, in no event shall the aggregate abatement of real estate taxes levied
against the Subject Property by the City of West Chicago, together with real estate taxes levied
against the Subject Property and abated in previous and future years by all other taxing districts,
exceed the total of Four Million and No/100 Dollars ($4,000,000.00).
Section 3. The Abatement Rate shall be Forty Percent (40%) of the real estate taxes to be
extended on the Subject Property on behalf of the City of West Chicago.
Section 4. The Mayor and Clerk of the City of West Chicago are hereby authorized and
directed to execute this Ordinance and cause a certified copy of the same to be filed with the
County Clerk of DuPage County, Illinois.

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Section 5. This Ordinance shall be in full force and effect upon its
publication.
PASSED this 18" day of April, 2022.
Alderman Beifuss ee Alderman Chassee
Alderman Sheehan ee Alderman Brown ae
Alderman Hallett _ Alderman Dettmann
Alderman Birch-Ferguson _ Alderman Dimas i
Alderman Swiatek aus Alderman Garling
Alderman Stout ae Alderman Short ao
Alderman Jakabcsin Ee Alderman Morano |
APPROVED as to form:
City Attorney
ADOPTED this 18" day of April, 2022.
adoption and
Mayor Ruben Pineda
ATTEST:
Deputy City Clerk Valeria Perez
PUBLISHED: April 19, 2022

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EXHIBIT 1
Legal Description of Subject Property
(attached)

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P.I.N.: 04-18-100-017
Common address: 2555 Enterprise Drive, West Chicago, Illinois 60185
LOT 16 IN DUPAGE BUSINESS CENTER — SOUTH ASSESSMENT PLAT LOTS 15
AND 16, ACCORDING TO THE PLAT THEREOF RECORDED NOVEMBER 1, 2019
AS DOCUMENT NUMBER
R2019100888 IN THE DUPAGE COUNTY RECORDER’S OFFICE, IN DUPAGE
COUNTY, ILLINOIS.