Cook County Business and Economic Development Committee met May 24
Here are the minutes provided by the committee:
ATTENDANCE
Present: Gainer, Anaya, Britton, Lowry, Morita, K. Morrison, and S. Morrison (7) Absent: Miller and Moore (2) excused
PUBLIC TESTIMONY
Chairman Gainer asked the Secretary to the Board to call upon the registered public speakers, in accordance with Cook County Code.
No public speakers.
23-3059
COMMITTEE MINUTES
Approval of the minutes from the meeting of 04/26/2023
A motion was made by Commissioner Lowry, seconded by Vice Chairwoman Anaya, to approve 23-3059. The motion carried by the following vote:
Ayes: Gainer, Anaya, Britton, Lowry, Morita, K. Morrison and S. Morrison (7) Absent: Miller and Moore (2)
23-2211
Sponsored by: TONI PRECKWINKLE (President) and SEAN M. MORRISON, Cook County Board Of Commissioners
PROPOSED RESOLUTION
Chicago Industrial Portfolio Owner, 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: Chicago Industrial Portfolio Owner, LLC
Address: 1794 S. Winthrop Drive, Des Plaines, Illinois
Municipality or Unincorporated Township: Des Plaines
Cook County District: 17th District
Permanent Index Number: 09-30-101-027-0000
Municipal Resolution Number: Village of Des Plaines, Resolution, R-194-20
Number of month property vacant/abandoned: over 12 months
Special circumstances justification requested: Yes
Proposed use of property: Industrial use - warehousing, manufacturing, 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 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 6b; 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 6b requires a resolution by the County Board validating the property as abandoned for the purpose of Class 6b; 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
A motion was made by Vice Chairwoman Anaya, seconded by Commissioner S. Morrison, recommend for approval 23-2211. The motion carried by the following vote:
Ayes: Gainer, Anaya, Britton, Lowry, Morita, K. Morrison, and S. Morrison (7) Absent: Miller and Moore (2)
23-2212
Sponsored by: TONI PRECKWINKLE (President) and MONICA GORDON, Cook County Board Of Commissioners
PROPOSED RESOLUTION
HT23 Custom Crafters 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: HT23 Custom Crafters
Address: 180 Joe Orr Road, Chicago Heights, Illinois
Municipality or Unincorporated Township: Chicago Heights
Cook County District: 5th District
Permanent Index Number: 32-17-302-032-0000
Municipal Resolution Number: City of Chicago Heights, Resolution No. 2022 -22(a)
Number of month property vacant/abandoned: 12 months vacant
Special circumstances justification requested: Yes
Proposed use of property: Industrial use - warehousing, manufacturing, and/or distribution Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that 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 24 months 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 8 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 24 consecutive months upon purchase for value; and
WHEREAS, the municipality states the Class 8 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; commercial real estate is normally assessed at 25% of its market value, qualifying commercial real estate eligible for the Class 8 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 8 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 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
A motion was made by Vice Chairwoman Anaya, seconded by Commissioner S. Morrison, t recommend for approval 23-2212. The motion carried by the following vote:
Ayes: Gainer, Anaya, Britton, Lowry, Morita, K. Morrison, and S. Morrison (7) Absent: Miller and Moore (2)
23-2214
Sponsored by: TONI PRECKWINKLE (President) and SEAN M. MORRISON, Cook County Board Of Commissioners
PROPOSED RESOLUTION
TMI Properties, LLC or its assignee
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: TMI Properties, LLC or its assignee
Address: 25 E. Howard Street, Des Plaines, Illinois
Municipality or Unincorporated Township: Des Plaines
Cook County District: 17th District
Permanent Index Number: 09-30-300-057-0000 and a portion of 09-30-300-017-0000 Municipal Resolution Number: Village of Des Plaines, Resolution No. R-187-21 Number of month property vacant/abandoned: Four (4) months vacant
Special circumstances justification requested: Yes
Proposed use of property: Industrial use - warehousing, manufacturing, 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 24 months 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 24 consecutive 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
A motion was made by Vice Chairwoman Anaya, seconded by Commissioner S. Morrison, to recommend for approval 23-2214. The motion carried by the following vote:
Ayes: Gainer, Anaya, Britton, Lowry, Morita, K. Morrison, and S. Morrison (7)
Absent: Miller and Moore (2)
23-2216
Sponsored by: TONI PRECKWINKLE (President) and FRANK J. AGUILAR, Cook County Board Of Commissioners
PROPOSED RESOLUTION
Vandelay Holdings, 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: Vandelay Holdings, LLC
Address: 901 W. Lake Street, Melrose Park, Illinois
Municipality or Unincorporated Township: Village of Melrose Park
Cook County District: 16th District
Permanent Index Number: 15-10-213-045-0000
Municipal Resolution Number: Village of Melrose Park, Resolution No. 31-21 Number of month property vacant/abandoned: Three (3) months vacant
Special circumstances justification requested: Yes
Proposed use of property: Industrial use, warehousing 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 24 months 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 24 consecutive 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
A motion was made by Vice Chairwoman Anaya, seconded by Commissioner S. Morrison, to recommend for approval 23-2216. The motion carried by the following vote:
Ayes: Gainer, Anaya, Britton, Lowry, Morita, K. Morrison, and S. Morrison (7)
Absent: Miller and Moore (2)
ADJOURNMENT
A motion was made by Vice Chairwoman Anaya, seconded by Commissioner S. Morrison, to adjourn the meeting. The motion carried by the following vote:
Ayes: Gainer, Anaya, Britton, Lowry, Morita, K. Morrison, and S. Morrison (7)
Absent: Miller and Moore (2)
A complete record of this meeting is available at https://cook-county.legistar.com.
https://cook-county.legistar.com/MeetingDetail.aspx?ID=1103075&GUID=EF49A0D6-5657-4BFA-92D5-D8AC3C973FCB&Options=&Search=
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