title
PROPOSED ORDINANCE
ORDINANCE 16-3191
WHEREAS, the Cook County Board of Commissioners has enacted and amended an Ordinance entitled Cook County Real Property Assessment Classification (the "Classification Ordinance") for the purpose of encouraging and assisting redevelopment and new development in areas of Cook County that are in a state of economic depression; and
WHEREAS, municipalities are eligible for Class 8 incentives without any application for certification of the area when located within the boundaries of the five townships of Bremen, Bloom Rich, Calumet, and Thornton targeted by the South Suburban Tax Reactivation Pilot Program; and
WHEREAS, pursuant to the Classification Ordinance, real estate used primarily for industrial or commercial purposes that is newly constructed, substantially rehabilitated or found "abandoned" and located in one of the townships targeted under the South Suburban Tax Reactivation Program may qualify for a Class 8 Property Tax Incentive; and
WHEREAS, the municipalities that are located within the boundaries of the five eligible townships of Bremen, Bloom, Rich, Calumet, and Thornton ("the municipalities") are united in their support of the County's efforts to effectively promote economic and community development within the municipalities and to increasing employment opportunities for its citizens; and
WHEREAS, the Classification Ordinance was amended ("the amendment to the Classification Ordinance 16-3191") on June 8, 2016 to state that, "An affidavit of the applicant attesting that all construction, demolition, maintenance or repair services at the subject property shall only be performed by a contractor or subcontractor who participates in an active apprenticeship and training program approved and registered with the United States Department of Labor's (DOL) Office of Apprenticeship, shall also be submitted with the application"; and
WHEREAS, the amendment to the Classification Ordinance goes on to state that "Th...
Click here for full text