Board of Commissioners of Cook County - Meeting of Finance Subcommittee on Real Estate and Business and Economic Development (Inactive. There is now a Business and Economic Developement Committee and real estate items in the Asset Managment Committee) on 11/18/2014 at 12:15 PM

14-5065

Thu, 15 Apr 2021 19:23:46 GMT

File #: 14-5065
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION ATW PROPERTIES, LLC 6B PROPERTY TAX INCENTIVE REQUEST 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 industrial facility; and WHEREAS, the County Board of Commissioners has received and reviewed an application from ATW Properties, LLC and Resolution No. 1314-R-24 from the Village of Franklin Park for an abandoned industrial facility located at 10530 Anderson Place, Franklin Park, Cook County, Illinois, Cook County District 16, Permanent Index Number 12-29-201-016-0000; and WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; 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
Action: recommend for approval
Result: Pass

14-5594

Thu, 21 Nov 2019 18:44:04 GMT

File #: 14-5594
Ver.: 1
Agenda #:
Type: Ordinance
Title: PROPOSED ORDINANCE ASSET MANAGEMENT AND SPACE STANDARDS ORDINANCE BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 2, ADMINISTRATION, Article XII, Asset Management, Division 1, Sections 2-1000 through 2-1025, is hereby enacted as follows: Chapter 2, ADMINISTRATION, Article 12, ASSET MANAGEMENT AND SPACE STANDARDS Sec. 2-1000. Legislative findings and purpose. (a) Section 5/5 of the Counties Code (55 ILCS 5/5-1106) provides that “it shall be the duty of the county board "to provide proper rooms and offices for the accommodation of the county board, State's attorney, county clerk, county treasurer, recorder and sheriff . . . . (b) In fulfilling that obligation, the County of Cook owns or occupies over 19 million square feet of real estate assets. (c) The County expends millions of dollars each year to operate those real estate assets. (d) In addition to operating costs, hundreds of millions of dollars in deferred maintenance and capital needs will be required to continue to operate County real estate, which will require constant capital ex
Action: recommend for approval
Result: Pass

14-5601

Thu, 15 Apr 2021 19:14:08 GMT

File #: 14-5601
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION KYLIE CAPITAL LLC CLASS 6B PROPERTY TAX INCENTIVE REQUEST 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 industrial facility; and WHEREAS, the County Board of Commissioners has received and reviewed an application from Kylie Capital, LLC and Resolution No. R-10-2014 from the City of Northlake for an abandoned industrial facility located at 1260 Garnet Drive, Northlake, Cook County, Illinois, Cook County District 17, Permanent Index Numbers 12-30-100-021-0000; and WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; 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 th
Action: recommend for approval
Result: Pass

14-5606

Thu, 15 Apr 2021 19:14:08 GMT

File #: 14-5606
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION RAJDEJ HOLDINGS LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST 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 industrial facility; and WHEREAS, the County Board of Commissioners has received and reviewed an application from RAJDEJ Holdings LLC and Resolution No. 13-36 from the City of Calumet City for an abandoned industrial facility located at 1584 Huntington Avenue, Calumet City, Cook County, Illinois, Cook County District 06, Permanent Index Numbers 29-24-400-041-0000, 29-24-400-048-0000, 29-24-400-051-0000, and WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and WHEREAS, industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 8 can receive a significant reduct
Action: recommend for approval
Result: Pass

14-5612

Thu, 15 Apr 2021 19:14:08 GMT

File #: 14-5612
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION G & G PARTNERS, LLC CLASS 6B PROPERTY TAX INCENTIVE REQUEST 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 industrial facility; and WHEREAS, the County Board of Commissioners has received and reviewed an application from G & G Partners, LLC and Resolution No. 14-R-3 from the Village of LaGrange for an abandoned industrial facility located at 501 Shawmut Avenue, LaGrange, Cook County, Illinois, Cook County District 16, Permanent Index Numbers 18-04-200-017-0000; 18-04-200-036-0000 and 18-04-200-037-0000; and WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; 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 significa
Action: recommend for approval
Result: Pass

14-5613

Thu, 21 Nov 2019 18:44:05 GMT

File #: 14-5613
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION ALIN MACHINING CO., INC. D/B/A POWER PLANT SERVICES CLASS 6B PROPERTY TAX INCENTIVE REQUEST 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 industrial facility; and WHEREAS, the County Board of Commissioners has received and reviewed an application from Alin Machining Co., Inc. d/b/a Power Plant Services and Resolution No. 9-14 from the Village of Melrose Park for an abandoned industrial facility located at 1717-1725 N. 33rd Avenue, Melrose Park, Cook County, Illinois, Cook County District 16, Permanent Index Number 15-04-203-018-0000; and WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and WHEREAS; industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the C
Action: recommend for approval
Result: Pass

14-5614

Thu, 15 Apr 2021 19:14:08 GMT

File #: 14-5614
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION PT, LLC & BAPA, LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST 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 a commercial facility; and WHEREAS, the County Board of Commissioners has received and reviewed an application from PT, LLC & BAPA, LLC and Resolution No. 2013-04-0202R from the City of Oak Forest for an abandoned commercial facility located at 15301 S. Harlem, Oak Forest, Cook County, Illinois, Cook County District 6, and Permanent Index Numbers 28-18-100-041-000 and 28-18-100-055-0000; and WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and WHEREAS; industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 8 can receive a significant reduction in the level
Action: recommend for approval
Result: Pass

14-5631

Fri, 14 May 2021 02:44:18 GMT

File #: 14-5631
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION SIMBORG INDUSTRIAL DEVELOPMENT CLASS 8 PROPERTY TAX INCENTIVE REQUEST 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 a commercial facility; and WHEREAS, the County Board of Commissioners has received and reviewed an application from Simborg Industrial Development and Resolution No. 2667 from the City of Harvey for an abandoned commercial facility located at 217-235 W. 171st Street, Harvey, Cook County, Illinois, Cook County District 5, and Permanent Index Number 29-29-205-013-0000; and WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and WHEREAS; industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 8 can receive a significant reduction in the level of assess
Action: recommend for approval
Result: Pass