Cook County Board of Commissioners Business and Economic Development Committee met June 28.
Here are the minutes provided by the committee:
ATTENDANCE
Present: Gainer, Anaya, Britton, Miller, Moore, Morita, K. Morrison and S. Morrison (8)
Absent: Lowry (1) Excused
PUBLIC TESTIMONY
Chairwoman Gainer asked the Secretary to the Board to call upon the registered public speakers, in Accordance with Cook County Code.
1. Mark Armstrong - Chicago Urban Fine Arts Commonwealth
23-3687
COMMITTEE MINUTES
Approval of the minutes from the meeting of 5/24/2023
A motion was made by Vice Chairwoman Anaya, seconded by Commissioner S. Morrison, to approve 23-3687. The motion carried by the following vote:
Ayes: Gainer, Anaya, Britton, Miller, Moore, Morita, K. Morrison and S. Morrison (8)
Absent: Lowry (1)
23-2829
Sponsored by: TONI PRECKWINKLE (President) and SCOTT R. BRITTON, Cook County Board Of Commissioners
PROPOSED RESOLUTION
301 W Hintz 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: 301 W Hintz LLC
Address: 301 W. Hintz Road, Wheeling, Illinois
Municipality or Unincorporated Township: Village of Wheeling
Cook County District: 14th District
Permanent Index Number: 03-14-100-014-0000
Municipal Resolution Number: Village of Wheeling, Resolution No, 22-008
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 or No
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 Morrison, to recommend for approval 23-2829. The motion carried by the following vote:
Ayes: Gainer, Anaya, Britton, Miller, Moore, Morita, Morrison and Morrison (8)
Absent: Lowry (1)
23-2830
Sponsored by: TONI PRECKWINKLE (President) and SCOTT R. BRITTON, Cook County Board Of Commissioners
PROPOSED RESOLUTION
3802 Potter 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: 3802 Potter LLC
Address: 390 Holbrook Drive, Wheeling, Illinois
Municipality or Unincorporated Township: Village of Wheeling
Cook County District: 14th District
Permanent Index Number: 03-14-302-004-0000
Municipal Resolution Number: Village of Wheeling, Resolution No. 23-012
Number of month property vacant/abandoned: 12 months vacant
Special circumstances justification requested: Yes
Proposed use of property: Industrial use - warehousing, distribution and servicing 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 Morrison, to recommend for approval 23-2830. The motion carried by the following vote:
Ayes: Gainer, Anaya, Britton, Miller, Moore, Morita, K. Morrison and S. Morrison (8)
Absent: Lowry (1)
23-2832
Sponsored by: TONI PRECKWINKLE (President) and KEVIN B. MORRISON, Cook County Board Of Commissioners
PROPOSED RESOLUTION
Black Star Distribution 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: Black Star Distribution Inc.
Address: 140 E. State Parkway, Schaumburg, Illinois
Municipality or Unincorporated Township: Village of Schaumburg
Cook County District: 15th District
Permanent Index Number: 07-10-401-025-0000
Municipal Resolution Number: Village of Schaumburg, Resolution No. R-22-049 Number of month property vacant/abandoned: Five (5) months vacant
Special circumstances justification requested: Yes
Proposed use of property: Industrial use - warehousing, manufacturing, and distribution Living Wage Ordinance Compliance Affidavit Provided: Yes or No
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 23-2832. The motion carried by the following vote:
Ayes: Gainer, Anaya, Britton, Miller, Moore, Morita, K. Morrison and S. Morrison (8)
Absent: Lowry (1)
23-2834
Sponsored by: TONI PRECKWINKLE (President) and DONNA MILLER, Cook County Board Of Commissioners
PROPOSED RESOLUTION
PPFAM, 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: PPFAM, LLC
Address: 81 E. 34th Street, Steger, Illinois
Municipality or Unincorporated Township: Village of Steger
Cook County District: 6th District
Permanent Index Number: 32-33-327-041-0000 and 32-33-327-042-0000
Municipal Resolution Number: Village of Steger, Ordinance No. 1250
Number of month property vacant/abandoned: 12 months vacant
Special circumstances justification requested: Yes
Proposed use of property: Commercial use - Bar/Restaurant
Living Wage Ordinance Compliance Affidavit Provided: Yes or No
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, to recommend for approval 23-2834. The motion carried by the following vote:
Ayes: Gainer, Anaya, Britton, Miller, Moore, Morita, K. Morrison and S. Morrison (8)
Absent: Lowry (1)
23-2835
Sponsored by: TONI PRECKWINKLE (President) and MONICA GORDON, Cook County Board Of Commissioners
PROPOSED RESOLUTION
Windy Property Investments, 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: Windy Property Investments, LLC
Address: 3950 Vollmer Road, Flossmoor, Illinois
Municipality or Unincorporated Township: Village of Flossmoor
Cook County District: 5th District
Permanent Index Number: 31-11-302-029-0000
Municipal Resolution Number: Village of Flossmoor, Resolution No. 2022-16 Number of month property vacant/abandoned: Number of months vacant
Special circumstances justification requested: Yes
Proposed use of property: Commercial use - Gas Station, convenient store and fast food restaurant Living Wage Ordinance Compliance Affidavit Provided: Yes or No
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, to recommend for approval 23-2835. The motion carried by the following vote:
Ayes: Gainer, Anaya, Britton, Miller, Moore, Morita, K. Morrison and S. Morrison (8)
Absent: Lowry (1)
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, Miller, Moore, Morita, K. Morrison and S. Morrison (8)
Absent: Lowry (1)
https://cook-county.legistar.com.
Alerts Sign-up