Board of Commissioners of Cook County - File #: 16-3191

• File #: 16-3191
• Version: 2
• Name: JOB TRAINING REQUIREMENT FOR CLASS 8 PROPERTY TAX INCENTIVES
• Type: Ordinance Amendment
• Status: Approved
• File created: 5/11/2016
• In control: Labor Committee
• On agenda: 5/11/2016
• Final action: 6/8/2016
• Title: PROPOSED SUBSTITUTE TO FILE ID 16-3191 PROPOSED ORDINANCE AMENDMENT JOB TRAINING REQUIREMENT FOR CLASS 8 PROPERTY TAX INCENTIVES WHEREAS, Cook County is a home rule unit of local government as defined in Article VII, ?6 under the 1970 Illinois Constitution, and as such may exercise any power and perform any function pertaining to its government and affairs; and WHEREAS, there are certain areas of Cook County that have a lack of viable industrial and commercial buildings, which is contributing to substantial unemployment in such areas; Cook County has established property tax classifications for new development of industrial structures, or the substantial rehabilitation and re-utilization of existing industrial structures; NOW, THEREFORE, BE IT RESOLVED, in order to effectively promote economic and community development for its citizens, the Cook County Board of Commissioners hereby establishes a Job Training Requirement for Class 8 Property Tax Incentives; and, BE IT ORDAINED, b...
• Sponsors: JOAN PATRICIA MURPHY, BRIDGET GAINER, JEFFREY R. TOBOLSKI, DEBORAH SIMS

Date	Ver.	Action By	Motion	Result
6/8/2016	1	Labor Committee	accept as substituted	Pass
6/8/2016	1	Labor Committee	recommend for approval as substituted	Pass
6/8/2016	1	Board of Commissioners	approve as substituted	Pass
5/11/2016	1	Board of Commissioners	refer	Pass

title
PROPOSED SUBSTITUTE TO FILE ID 16-3191

PROPOSED ORDINANCE AMENDMENT
JOB TRAINING REQUIREMENT FOR CLASS 8 PROPERTY TAX INCENTIVES

WHEREAS, Cook County is a home rule unit of local government as defined in Article VII, ?6 under the 1970 Illinois Constitution, and as such may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, there are certain areas of Cook County that have a lack of viable industrial and commercial buildings, which is contributing to substantial unemployment in such areas; Cook County has established property tax classifications for new development of industrial structures, or the substantial rehabilitation and re-utilization of existing industrial structures;

NOW, THEREFORE, BE IT RESOLVED, in order to effectively promote economic and community development for its citizens, the Cook County Board of Commissioners hereby establishes a Job Training Requirement for Class 8 Property Tax Incentives; and,

BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 74 - Taxation, Article II - Real Estate Property Taxation, Division 2 - Classification System for Assessments, Section 74-63 - Assessment Classes (Class 8) and Section 74-70 - 8a and 8b designation/assessment classes, of the Cook County Code is hereby amended as follows:

Sec. 74-63. - Assessment Classes.

***

(12) Class 8. Real estate used primarily for industrial and commercial purposes, consisting of all newly constructed buildings or other structures, including the land upon which they are situated; or abandoned property, as defined in this division, including the land upon which such property is situated; or all buildings and other structures which are substantially rehabilitated to the extent such rehabilitation has added to their value, including qualified land related to the rehabilitation.
a. Land qualifies when the rehabilitation adds vertical or horizontal square footage to the improvements. The amount of land ...