Cook County Business and Economic Development Committee will meet on Wednesday, June 26.
Here is the agenda provided by the committee:
PUBLIC TESTIMONY
Authorization as a public speaker shall only be granted to those individuals who have submitted in writing, their name, address, subject matter, and organization (if any) to the Secretary 24 hours in advance of the meeting. Duly authorized public speakers shall be called upon to deliver testimony at a time specified in the meeting agenda. Authorized public speakers who are not present during the specified time for public testimony will forfeit their allotted time to speak at the meeting. Public testimony must be germane to a specific item(s) on the meeting agenda, and the testimony must not exceed three minutes; the Secretary will keep track of the time and advise when the time for public testimony has expired. Persons authorized to provide public testimony shall not use vulgar, abusive, or otherwise inappropriate language when addressing the Board; failure to act appropriately; failure to speak to an item that is germane to the meeting, or failure to adhere to the time requirements may result in expulsion from the meeting and/or disqualify the person from providing future testimony.
19-4152
COMMITTEE MINUTES
Approval of the minutes from the meeting of 05/14/2019
19-3517
Sponsored by: TONI PRECKWINKLE (President) and PETER N. SILVESTRI, Cook County Board of Commissioners
PROPOSED RESOLUTION
3901 N25, LLC 6B PROPERTY TAX INCENTIVE REQUEST
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information:
Applicant: 3901 N25, LLC
Address: 3901 N. 25th Avenue, Schiller Park, Illinois
Municipality or Unincorporated Township: Village of Schiller Park
Cook County District: 9
Permanent Index Number: 12-21-201-024-0000
Municipal Resolution Number: Resolution Number
Number of month property vacant/abandoned: Village of Schiller Park, Resolution No. 13-19 Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 10-15 full-time jobs
Estimated Number of jobs retained at this location: 10-15 full-time jobs
Estimated Number of employees in Cook County: Same as above
Estimated Number of construction jobs: 10-15 construction jobs
Proposed use of property: Industrial use - warehousing, assembly and distribution
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an abandoned industrial facility; and
WHEREAS, the Cook County Classification System for Assessment defines abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 continuous months, have been purchased for value by a purchaser in whom the seller has no direct financial interest; and
WHEREAS, in the instance where the property does not meet the definition of abandoned property, the municipality or the Board of Commissioners, may determine that special circumstances may exist that justify finding that the property is abandoned for purpose of Class 6b; and
WHEREAS, in the case of abandonment of less than 24months and purchase for value, by a purchaser in whom the seller has no direct financial interest, the County may determine that special circumstances justify finding the property is deemed abandoned; and
WHEREAS, Class 6b requires the validation by the County Board of the shortened period of qualifying abandonment in cases where the facility has been abandoned for less than 24consecutive months upon purchase for value; and
WHEREAS, the municipality states the Class 6b is necessary for development to occur on this specific real estate. The municipal resolution cites the qualifications of this property to meet the definition of abandoned with special circumstances; and
WHEREAS, industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can receive a significant reduction in the level of assessment from the date that new construction or rehabilitation has been completed, or in the case of abandoned property from the date of substantial re-occupancy. Properties receiving Class 6b will be assessed at 10% of the market value for 10 years, 15% for the 11th year and 20% in the 12th year; and
NOW, THEREFORE, BE IT RESOLVED, by the President and Board of Commissioners of the County of Cook, that the President and Board of Commissioners validate the above-captioned property is deemed abandoned with special circumstances under the Class 6b; and
BE IT FURTHER RESOLVED, that the County Clerk is hereby authorized and directed to forward a certified copy of this resolution to the Office of the Cook County Assessor
Legislative History : 5/23/19 - Board of Commissioners - refer to the Business and Economic Develop 19-3523
Sponsored by: TONI PRECKWINKLE (President) and DONNA MILLER, Cook County Board of Commissioners
PROPOSED RESOLUTION
ACKS PROPERTY, LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information:
Applicant: ACKS Property, LLC
Address: 15615 S. Harlem Avenue, Orland Park, Illinois Municipality or Unincorporated Township: Village of Orland Park
Cook County District: 17
Permanent Index Number: 28-18-308-004-0000
Municipal Resolution Number: Village of Orland Park, Resolution No. 1707
Number of month property vacant/abandoned: 13 months vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: Five (5) full-time jobs and five (5) part-time jobs Estimated Number of jobs retained at this location: 15 full-time jobs
Estimated Number of employees in Cook County: None
Estimated Number of construction jobs: 20 construction jobs
Proposed use of property: Commercial - Dunkin Donuts
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8that provides an applicant a reduction in the assessment level for an abandoned industrial facility; and
WHEREAS, the Cook County Classification System for Assessment defines abandoned property as buildings and other structures that, after having been vacant and unused for more than 24 continuous months, there has been no purchased for value by a purchaser and the property is in need of substantial rehabilitation; and
WHEREAS, in the instance where the property does not meet the definition of abandoned property, the municipality or the Board of Commissioners, may determine that special circumstances may exist that justify finding that the property is abandoned for purpose of Class 8; and
WHEREAS, in the case of abandonment of over 24 months and no purchase for value by a disinterested buyer, the County may determine that special circumstances justify finding the property as being deemed abandoned; and
WHEREAS, Class 8requires a resolution by the County Board validating the property as abandoned for the purpose of Class 8; and
WHEREAS, the municipality states the Class 8is necessary for development to occur on this specific real estate. The municipal resolution cites the qualifications of this property to meet the definition of abandoned with special circumstances; and
WHEREAS; commercial real estate is normally assessed at 25% of its market value, qualifying commercial real estate eligible for the Class 8can receive a significant reduction in the level of assessment from the date that new construction or rehabilitation has been completed, or in the case of abandoned property from the date of substantial re-occupancy. Properties receiving Class 8will be assessed at 10% of the market value for 10 years, 15% for the 11th year and 20% in the 12th year; and
NOW, THEREFORE, BE IT RESOLVED, by the President and Board of Commissioners of the County of Cook, that the President and Board of Commissioners validate the above-captioned property is deemed abandoned with special circumstances under the Class 8; and
BE IT FURTHER RESOLVED, that the County Clerk is hereby authorized and directed to forward a certified copy of this resolution to the Office of the Cook County Assessor.
Legislative History : 5/23/19 - Board of Commissioners - refer 19-3527
Sponsored by: TONI PRECKWINKLE (President) and DONNA MILLER, Cook County Board of Commissioners
PROPOSED RESOLUTION
KCVB PROPERTIES, LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information:
Applicant: KCVB Properties, LLC
Address: 10830 Glenwood-Dyer Road, Lynwood, Illinois Municipality or Unincorporated Township: Village of Lynwood Cook County District: 6
Permanent Index Number: 32-12-301-036-0000
Municipal Resolution Number: Village of Lynwood, Resolution No. 18-28 Number of month property vacant/abandoned: One (1) month vacant Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: Five (5) full-time jobs Estimated Number of jobs retained at this location: 20 full-time jobs Estimated Number of employees in Cook County: Same as above Estimated Number of construction jobs: Five construction jobs
Proposed use of property: Commercial use - Construction Company
Living Wage Ordinance Compliance Affidavit Provided: Not applicable
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8that provides an applicant a reduction in the assessment level for an abandoned commercial facility; and
WHEREAS, the Cook County Classification System for Assessment defines abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 continuous months, have been purchased for value by a purchaser in whom the seller has no direct financial interest; and
WHEREAS, in the instance where the property does not meet the definition of abandoned property, the municipality or the Board of Commissioners, may determine that special circumstances may exist that justify finding that the property is abandoned for purpose of Class 8; and
WHEREAS, in the case of abandonment of less than 24months and purchase for value, by a purchaser in whom the seller has no direct financial interest, the County may determine that special circumstances justify finding the property is deemed abandoned; and
WHEREAS, Class 8requires the validation by the County Board of the shortened period of qualifying abandonment in cases where the facility has been abandoned for less than 24consecutive months upon purchase for value; and
WHEREAS, the municipality states the Class 8is necessary for development to occur on this specific real estate. The municipal resolution cites the qualifications of this property to meet the definition of abandoned with special circumstances; and
WHEREAS; commercial real estate is normally assessed at 25% of its market value, qualifying commercial real estate eligible for the Class 8can receive a significant reduction in the level of assessment from the date that new construction or rehabilitation has been completed, or in the case of abandoned property from the date of substantial re-occupancy. Properties receiving Class 8will be assessed at 10% of the market value for 10 years, 15% for the 11th year and 20% in the 12th year; and
NOW, THEREFORE, BE IT RESOLVED, by the President and Board of Commissioners of the County of Cook, that the President and Board of Commissioners validate the above-captioned property is deemed abandoned with special circumstances under the Class 8; and
BE IT FURTHER RESOLVED, that the County Clerk is hereby authorized and directed to forward a certified copy of this resolution to the Office of the Cook County Assessor
Legislative History : 5/23/19 - Board of Commissioners - refer to the Business and Economic Develop 19-3555
Sponsored by: TONI PRECKWINKLE (President) and SEAN M. MORRISON, Cook County Board of Commissioners
PROPOSED RESOLUTION
MEDWEST ASSOCIATES, INC. 6B PROPERTY TAX INCENTIVE REQUEST
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information:
Applicant: Medwest Associates Inc.
Address: 101 Tower Drive, Burr Ridge, Illinois
Municipality or Unincorporated Township: Village of Burr Ridge
Cook County District: 17
Permanent Index Number: 18-19-300-015-0000 and 18-19-300-021-0000 Municipal Resolution Number: Village of Burr Ridge Resolution No. R-40-18 Number of month property vacant/abandoned: 14 months vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 2 full-time jobs, 2 part-time jobs Estimated Number of jobs retained at this location: # full-time, # part-time Estimated Number of employees in Cook County: 72 full-time jobs
Estimated Number of construction jobs: None
Proposed use of property: Industrial use - warehousing and distribution of medical equipment
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an abandoned industrial facility; and
WHEREAS, the Cook County Classification System for Assessment defines abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 continuous months, have been purchased for value by a purchaser in whom the seller has no direct financial interest; and
WHEREAS, in the instance where the property does not meet the definition of abandoned property, the municipality or the Board of Commissioners, may determine that special circumstances may exist that justify finding that the property is abandoned for purpose of Class 6b; and
WHEREAS, in the case of abandonment of less than 24months and purchase for value, by a purchaser in whom the seller has no direct financial interest, the County may determine that special circumstances justify finding the property is deemed abandoned; and
WHEREAS, Class 6b requires the validation by the County Board of the shortened period of qualifying abandonment in cases where the facility has been abandoned for less than 24consecutive months upon purchase for value; and
WHEREAS, the municipality states the Class 6b is necessary for development to occur on this specific real estate. The municipal resolution cites the qualifications of this property to meet the definition of abandoned with special circumstances; and
WHEREAS, industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can receive a significant reduction in the level of assessment from the date that new construction or rehabilitation has been completed, or in the case of abandoned property from the date of substantial re-occupancy. Properties receiving Class 6b will be assessed at 10% of the market value for 10 years, 15% for the 11th year and 20% in the 12th year; and
NOW, THEREFORE, BE IT RESOLVED, by the President and Board of Commissioners of the County of Cook, that the President and Board of Commissioners validate the above-captioned property is deemed abandoned with special circumstances under the Class 6b; and
BE IT FURTHER RESOLVED, that the County Clerk is hereby authorized and directed to forward a certified copy of this resolution to the Office of the Cook County Assessor
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