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 1/14/2014 at 12:00 PM

14-0109

Fri, 26 Jan 2018 15:39:50 GMT

File #: 14-0109
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION KT BUILDING, LLC REQUEST FOR CLASS 6B PROPERTY TAX INCENTIVE 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 KT Building, LLC and Resolution No. 12-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 1410 Jarvis Avenue, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-27-400-045-0000; 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 as
Action: recommend for approval
Result: Pass

14-0111

Fri, 26 Jan 2018 15:39:50 GMT

File #: 14-0111
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION BBJ RENTALS, INC. D/B/A BBJ LINEN REQUEST FOR CLASS 6B PROPERTY TAX INCENTIVE 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 BBJ Rentals, Inc. d/b/a BBJ Linen and Resolution No. 2013 - 15R from the Village of Niles for an abandoned industrial facility located at 6125 W. Howard Street, Niles, Cook County, Illinois, Cook County District 13, Permanent Index Numbers 10-29-301-005-0000; 10-29-301-015-000; 10-29-301-027-0000; 10-29-301-028-0000; 10-29-301-029-0000; 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
Action: recommend for approval
Result: Pass

14-0112

Fri, 26 Jan 2018 15:39:50 GMT

File #: 14-0112
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION OTO PROPERTIES, LLC REQUEST FOR CLASS 6B PROPERTY TAX INCENTIVE 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 OTO Properties, LLC and Resolution No. 23-12 from the Village of Elk Grove Village for an abandoned industrial facility located at 605 Bonnie Lane, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-27-102-084-000; 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 assessm
Action: recommend for approval
Result: Pass