Board of Commissioners of Cook County - File #: 13-1398

• File #: 13-1398
• Version: 2
• Name: KTR Illinois, LLC Class 6b
• Type: Resolution
• Status: Approved
• File created: 8/22/2013
• In control: 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 agenda: 9/11/2013
• Final action: 10/2/2013
• Title: Transmitting a Communication, dated August 23, 2013 from HERMAN BREWER, Chief, Bureau of Economic Development respectfully submitting this Resolution regarding KTR Illinois, LLC's request for a Class 6b property tax incentive for special circumstances and substantial rehabilitation for an industrial building located at 200 East Oakton Street, Des Plaines, Illinois. The applicant intends to lease the property to Motor Coach Industries (MCI) for the warehousing and distribution of its motor coaches and motor coach parts and supplies as well as service and maintenance of its motor coaches. KTR Illinois, LLC requests approval of the tax incentive based on the special circumstances that the property has been vacant for more than 24 months; there has been no purchase for value; and substantial rehabilitation will be completed under the Class 6b Ordinance. This Resolution is required so that the company can complete its application to the Assessor of Cook County. Submitting a P...

Date	Ver.	Action By	Motion	Result
10/2/2013	2	Board of Commissioners	approve
10/1/2013	2	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)	recommend for approval	Pass
9/11/2013	1	Board of Commissioners	refer	Pass

title
Transmitting a Communication, dated August 23, 2013 from

HERMAN BREWER, Chief, Bureau of Economic Development

respectfully submitting this Resolution regarding KTR Illinois, LLC's request for a Class 6b property tax incentive for special circumstances and substantial rehabilitation for an industrial building located at 200 East Oakton Street, Des Plaines, Illinois. The applicant intends to lease the property to Motor Coach Industries (MCI) for the warehousing and distribution of its motor coaches and motor coach parts and supplies as well as service and maintenance of its motor coaches.

KTR Illinois, LLC requests approval of the tax incentive based on the special circumstances that the property has been vacant for more than 24 months; there has been no purchase for value; and substantial rehabilitation will be completed under the Class 6b Ordinance. This Resolution is required so that the company can complete its application to the Assessor of Cook County.

Submitting a Proposed Resolution sponsored by

TONI PRECKWINKLE, President and ELIZABETH "LIZ" DOODY GORMAN, County Commissioner

PROPOSED RESOLUTION

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 KTR Illinois, LLC and Resolution No. R-5-13 from the City of Des Plaines for an abandoned industrial facility located at 200 East Oakton Street, Des Plaines, Cook County, Illinois, County Board District #17, Property Index Numbers: 09-19-301-017-0000 and 09-19-301-026-0000; 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 re...