Chicago City Wire

Cook County Board of Commissioners Business and Economic Development Committee met Feb. 27.

Here are the minutes provided by the committee:

ATTENDANCE 

Present: Gainer, Anaya, Britton, Lowry, Miller, Morita, K. Morrison, and S. Morrison (8) 

Absent: Moore (1) 

PUBLIC TESTIMONY 

Chairwoman Gainer asked the Secretary to the Board to call upon the registered public speakers, in accordance with Cook County Code. 

No public speakers. 

24-1500 

COMMITTEE MINUTES 

Approval of the minutes from the meeting of 01/24/2024 

A motion was made by Vice Chairwoman Anaya, seconded by Commissioner Miller, to approve  24-1500. The motion carried by the following vote: 

Ayes: Gainer, Anaya, Britton, Lowry, Miller, Morita, Morrison, and Morrison (8) 

Absent: Moore (1) 

24-0903 

Sponsored by: TONI PRECKWINKLE (President) and BRIDGET DEGNEN, Cook County Board Of Commissioners 

PROPOSED RESOLUTION 

2017 Mendell Baker, 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: 2017 Mendell Baker, LLC  

Address: 2017 N. Mendell St., Chicago, Illinois  

Municipality or Unincorporated Township: Chicago  

Cook County District: 12th District  

Permanent Index Number: 14-32-115-003-0000 and 14-32-115-015-0000  

Municipal Resolution Number: City of Chicago, Document No. SO2021-4198 Number of month property vacant/abandoned: 24 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 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 Miller, to recommend for approval 24-0903. The motion carried by the following vote: 

Ayes: Gainer, Anaya, Britton, Lowry, Miller, Morita, K. Morrison, and S. Morrison (8) 

Absent: Moore (1) 

24-0906 

Sponsored by: TONI PRECKWINKLE (President) and SCOTT R. BRITTON, Cook County Board Of  Commissioners 

PROPOSED RESOLUTION 

Twenty Lake Management LLC, or an entity to be named 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: Twenty Lake Management LLC, or an entity to be named . 

Address: 1111 Wheeling Rd., Wheeling, Illinois  

Municipality or Unincorporated Township: Village of Wheeling 

Cook County District: 14th District  

Permanent Index Number: 03-14-100-016-0000 03-14-100-017-0000; 03-14-100-018-0000 Municipal Resolution Number: Village of Wheeling, Resolution No. 22-056  

Number of month property vacant/abandoned: Eight (8) 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 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 Miller, to recommend for approval 24-0906. The motion carried by the following vote: 

Ayes: Gainer, Anaya, Britton, Lowry, Miller, Morita, K. Morrison, and S. Morrison (8) Absent: Moore (1) 

24-0908 

Sponsored by: TONI PRECKWINKLE (President) and KEVIN B. MORRISON, Cook County Board  Of Commissioners 

PROPOSED RESOLUTION 

CHP 1400 Greenleaf, 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: CHP 1400 Greenleaf, LLC 

Address: 1400 Greenleaf Avenue, Elk Grove Village, Illinois 

Municipality or Unincorporated Township: Elk Grove Village 

Cook County District: 15th District Number  

Permanent Index Number: 08-34-205-018-0000  

Municipal Resolution Number: Village of Elk Grove, Resolution 7-21  

Number of month property vacant/abandoned: One (1) month 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 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 Miller, to recommend for approval 24-0908. The motion carried by the following vote: 

Ayes: Gainer, Anaya, Britton, Lowry, Miller, Morita, K. Morrison, and S. Morrison (8) 

Absent: Moore (1) 

24-0914 

Sponsored by: TONI PRECKWINKLE (President) and DONNA MILLER, Cook County Board Of  Commissioners 

PROPOSED RESOLUTION 

Lynwood Bowl 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: Lynwood Bowl LLC  

Address: 2581 Glenwood Lansing Rd., Lynwood, Illinois 

Municipality or Unincorporated Township: Village of Lynwood 

Cook County District: 6th District  

Permanent Index Number: 33-07-100-032-0000 

Municipal Resolution Number: Village of Lynwood, Resolution No. 21-49  

Number of month property vacant/abandoned: One (1) month vacant  

Special circumstances justification requested: Yes  

Proposed use of property: Commercial use - bowling alley 

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 Miller, to  recommend for approval 24-0914. The motion carried by the following vote:

Ayes: Gainer, Anaya, Britton, Lowry, Miller, Morita, K. Morrison, and S. Morrison (8) Absent: Moore (1) 

ADJOURNMENT

https://cook-county.legistar.com/View.ashx?M=M&ID=1169415&GUID=0578A2F7-4A36-4DC5-A162-38FAA782B71C