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 5/1/2014 at 10:30 AM

14-1930

Thu, 17 May 2018 03:29:18 GMT

File #: 14-1930
Ver.: 1
Agenda #:
Type: Ordinance Amendment
Title: PROPOSED SUBSTITUTE TO 14-1930 PROPOSED ORDINANCE AMENDMENT AMENDMENT TO ASSESSMENT CLASSES - CLASS 7C BE IT ORDAINED, by the Cook County Board of Commissioners that Chapter 74 Taxation, Article II Real Property Taxation, Division 2, Section 74-63 through 74-73 of the Cook County Code of Ordinances are hereby amended as follows: Sec. 74-63. Assessment classes. Real estate is divided into the following assessment classes: (1) Class 1. Unimproved real estate. (2) Class 2. Real estate: a. Used as a farm; b. Used for residential purposes when improved with a house, an apartment building of not more than six living units, or residential condominium, a residential cooperative or a government-subsidized housing project, if required by statute to be assessed in the lowest assessment category; c. Improved with a building put to commercial and residential use, of six or less units where the building measures less than 20,000 square feet of above grade space; or d. Real estate improved with a single room occupancy building, as defined in this division, provided
Action: recommend for deferral
Result: Pass

14-2252

Thu, 17 May 2018 03:29:18 GMT

File #: 14-2252
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION PULSARLUBE U.S.A. INC. 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 Pulsarlube U.S.A., Inc. and Resolution No. 43-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 1480 Howard Street, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-27-203-036-0000; 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 asses
Action: recommend for approval
Result: Pass

14-2253

Thu, 17 May 2018 03:29:18 GMT

File #: 14-2253
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION MIDWEST MOVING & STORAGE, INC. 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 Midwest Moving & Storage, Inc. and Resolution No. 57-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 1717 Tonne Road, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-34-101-029-0000; 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 i
Action: recommend for approval
Result: Pass

14-2254

Wed, 25 Apr 2018 20:42:15 GMT

File #: 14-2254
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION 240 STANLEY, LLC 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 240 Stanley, LLC. and Resolution No. 36-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 240 Stanley Street, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-22-302-025-0000; 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 that new construction or re
Action: recommend for approval
Result: Pass

14-2256

Tue, 24 Apr 2018 21:09:44 GMT

File #: 14-2256
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION ELLA HOLDINGS, 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 Ella Holdings, LLC and Resolution No. 45-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 800 Morse Avenue, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-34-102-029-0000; 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
Action: recommend for approval
Result: Pass

14-2257

Thu, 17 May 2018 03:29:18 GMT

File #: 14-2257
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION 820 GREENLEAF, 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 820 Greenleaf, LLC and Resolution No. 50-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 820 Greenleaf Avenue, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-34-100-064-0000; 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 asses
Action: recommend for approval
Result: Pass

14-2279

Wed, 06 Jun 2018 20:49:19 GMT

File #: 14-2279
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION HANOVER DISPLAYS INC. OR ASSIGNEE 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 Hanover Displays Inc. or Assignee and Resolution No. 46-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 1601 Tonne Road, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-34-101-030-0000; 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
Action: recommend for approval
Result: Pass

14-2286

Thu, 17 May 2018 03:29:18 GMT

File #: 14-2286
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION ARKMAN LOGISTICS, INC. 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 Arkman Logistics, Inc. and Resolution No. 52-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 2200 Estes Avenue, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-35-200-017-0000; 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 a
Action: recommend for approval
Result: Pass