Board of Commissioners of Cook County - File #: 18-2561

• File #: 18-2561
• Version: 1
• Name: DB CI-1794 W, LLC 6B PROPERTY TAX INCENTIVE REQUEST
• Type: Resolution (Class 6B) No Purchase for Value TEERM
• Status: Approved
• File created: 3/6/2018
• In control: Business and Economic Development Committee
• On agenda: 3/14/2018
• Final action: 4/25/2018
• Title: PROPOSED RESOLUTION DB CI-1794 W, 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: DB CI-1794 W, LLC Address: 1794 Winthrop Drive, Des Plaines, Illinois Municipality or Unincorporated Township: City of Des Plaines Cook County District: 17 Permanent Index Number: 09-30-101-027-0000 Municipal Resolution Number: City of Des Plaines Resolution No. R-180-17 Number of month property vacant/abandoned: 13 months vacant Special circumstances justification requested: Yes TEERM (TEMPORARY EMERGENCY ECONOMIC RECOVERY MODIFICATION (Vacant for more than 12 months but less than 24 months - No Purchase for Value) Justification: Yes Estimated Number of jobs created by this project: 25 -75 full-time jobs depending on tenant Estimated Number of jobs retained at this location: None Estimated Number of employee...
• Sponsors: TONI PRECKWINKLE (President), SEAN M. MORRISON

Date	Ver.	Action By	Motion	Result
4/25/2018	1	Board of Commissioners	approve	Pass
4/24/2018	1	Business and Economic Development Committee	recommend for approval	Pass
3/14/2018	1	Board of Commissioners	refer	Pass

title
PROPOSED RESOLUTION

DB CI-1794 W, 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: DB CI-1794 W, LLC

Address: 1794 Winthrop Drive, Des Plaines, Illinois

Municipality or Unincorporated Township: City of Des Plaines

Cook County District: 17

Permanent Index Number: 09-30-101-027-0000

Municipal Resolution Number: City of Des Plaines Resolution No. R-180-17

Number of month property vacant/abandoned: 13 months vacant

Special circumstances justification requested: Yes

TEERM (TEMPORARY EMERGENCY ECONOMIC RECOVERY MODIFICATION (Vacant for more than 12 months but less than 24 months - No Purchase for Value) Justification: Yes

Estimated Number of jobs created by this project: 25 -75 full-time jobs depending on tenant

Estimated Number of jobs retained at this location: None

Estimated Number of employees in Cook County: None

Estimated Number of construction jobs: Five (5) construction jobs

Proposed use of property: The applicant plans to lease the subject property for industrial use.

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/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 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 ...