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Cook County Board of Commissioners Business and Economic Development Committee met May 14

Here are the minutes provided by the committee:

ATTENDANCE 

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

No public speakers. 

24-3106 

COMMITTEE MINUTES 

Approval of the minutes from the meeting of 4/16/2024 

A motion was made by Vice Chairwoman Anaya, seconded by Commissioner S. Morrison, to approve 24-3106. The motion carried by the following vote: 

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

24-2162 

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

PROPOSED RESOLUTION 

Stern Pinball Inc. Class 6b CEERM PROPERTY TAX INCENTIVE REQUEST  

WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b CEERM application containing the following information:  

Applicant: Stern Pinball Inc.

Address: 1001 Busse Avenue, Elk Grove Village, Illinois 

Municipality or Unincorporated Township: Village of Elk Grove  

Cook County District: 15th District 

Permanent Index Number: 08-26-303-014-0000  

Municipal Resolution Number: Village of Elk Grove, Resolution No. 55-22 

Number of month property vacant/abandoned: Five (5) months vacant  

Special circumstances justification requested: Yes  

Proposed use of property: Industrial, manufacturing, 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 Critical Emergency Employee Retention Modification (CEERM) 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 12 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 buildings and other structures where there has been no purchase for value, and has been vacant and unused for at least 3 continuous months and the applicant has provided sufficient documentation to establish that such applicant will create or maintain at least 250 jobs for employees at the subject location, the County may determine that special circumstances justify finding the property is deemed abandoned; and 

WHEREAS, the Class 6b CEERM requires the validation by the County Board of the shortened period of qualifying abandonment in cases where the facility has been abandoned for at least three (3)  consecutive months; and

WHEREAS, the municipality states the Class 6b CEERM 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 CEERM; 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 Commissioner S. Morrison, seconded by Commissioner Miller, to recommend for approval 24-2162. The motion carried by the following vote: 

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

24-2163 

Sponsored by: TONI PRECKWINKLE (President) and STANLEY MOORE, Cook County Board Of Commissioners 

PROPOSED RESOLUTION 

Windy City Asset management Inc. 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 City Asset Management Inc. 

Address: 14500 S. Alice Avenue, Burnham, Illinois  

Municipality or Unincorporated Township: Village of Burnham 

Cook County District: 4th District  

Permanent Index Number: 30-06-400-037-0000 

Municipal Resolution Number: Village of Burnham, Resolution No. 2021-R-007 Number of month property vacant/abandoned: Four (4) months vacant  

Special circumstances justification requested: Yes  

Proposed use of property: Industrial - production and 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 Commissioner S. Morrison, seconded by Commissioner Miller, to recommend for approval 24-2163. The motion carried by the following vote: 

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

24-2170 

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

PROPOSED RESOLUTION 

WP 5, 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: WP 5, LLC 

Address: 5201 W. 167th Street, Oak Forest, Illinois 

Municipality or Unincorporated Township: Village of Oak Forest 

Cook County District: 6th District  

Permanent Index Number: 28-28-103-031-0000  

Municipal Resolution Number: Village of Oak Forest, Resolution No. 2021-06-0405 Number of month property vacant/abandoned: 12 months vacant

Special circumstances justification requested: Yes  

Proposed use of property: Commercial - Restaurant  

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 Commissioner S. Morrison, seconded by Commissioner Miller, to recommend for approval 24-2170. The motion carried by the following vote: 

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

24-2194 

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

PROPOSED RESOLUTION 

AJ Inter Estate 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: AJ Inter Estate LLC  

Address: 3241 East End Avenue, South Chicago Heights, Illinois  

Municipality or Unincorporated Township: Village of South Chicago Heights  Cook County District: 6th District  

Permanent Index Number: 32-33-101-024-0000 and 32-33-101-025-0000 

Municipal Resolution Number: Village of South Chicago Heights, Resolution No. 2022-R-5 Number of month property vacant/abandoned: Six (6) months vacant  

Special circumstances justification requested: Yes  

Proposed use of property: Industrial use - Commercial Truck Repair  

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 Commissioner S. Morrison, seconded by Commissioner Miller, to recommend for approval 24-2194. The motion carried by the following vote:

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

24-2195 

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

PROPOSED RESOLUTION 

KeyState Holdings, 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: KeyState Holdings, LLC 

Address: 5859 W. 117th Place, Alsip, Illinois 

Municipality or Unincorporated Township: Village of Alsip  

Cook County District: 6th District  

Permanent Index Number: 24-20-404-003-0000 and 24-20-404-004-0000 

Municipal Resolution Number: Village of Alsip, Ordinance No. 2022-02-1  

Number of month property vacant/abandoned: Nine (9) 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 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 Commissioner S. Morrison, seconded by Commissioner Miller, to recommend for approval 24-2195. The motion carried by the following vote: 

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

24-2794 

Presented by: ALMA E. ANAYA, County Commissioner 

REPORT 

Department: Cook County Committee on Social Innovation  

Report Title: Cook County Committee on Social Innovation  

Report Period: February 2023- December 2023  

Summary: The final report or the Cook County Committee on Social Innovation  

A motion was made by Vice Chairwoman Anaya, seconded by Commissioner S. Morrison, to recommend for receiving and filing 24-2794. The motion carried by the following vote: 

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

ADJOURNMENT 

A motion was made by Vice Chairwoman Anaya, seconded by Commissioner Miller, to adjourn the meeting. The motion carried by the following vote: 

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

https://cook-county.legistar.com/View.ashx?M=M&ID=1148288&GUID=0119E028-1E16-4635-815B-68E96B457707