Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Business and Economic Development Committee Agenda status: Final-revised
Meeting date/time: 11/19/2024 11:00 AM Minutes status: Draft  
Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
Issued on 11/13/24
Published agenda: Revised Agenda Revised Agenda Published minutes: Not available  
Meeting video:  
Attachments: to comment on an item at this agenda, click here, BED supplemental agenda 11-19-2024.pdf
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24-6335 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 10/17/2024   Not available Not available
24-5660 1 FREEDMAN SEATING COMPANY -6b SERResolution (Class 6B) SERPROPOSED RESOLUTION FREEDMAN SEATING COMPANY CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER) WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) application containing the following information: Applicant: Freedman Seating Company Address: 4533 and 4545 W. Augusta Blvd., Chicago, Illinois, 60651 Length of time at current location: 25 Years Length of time property under same ownership: 25 Years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 65 years Municipality or Unincorporated Township: City of Chicago Cook County District: 1st District Permanent Index Number(s): 16-03-320-008-0000; 16-03-316-013-0000(4533 W Augusta Blvd.) and 16-03-316-011-0000 (4545 W. Augusta Blvd.) Municipal Resolution Number: City of Chicago, Ordinance No. 020246010113 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Dilapidation -    Not available Not available
24-5661 1 FREEDMAN SEATING COMPANYResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION Freedman Seating Company 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: Freedman Seating Company Address: 4500 W. Chicago Avenue, Chicago, Illinois Municipality or Unincorporated Township: City of Chicago Cook County District: 1st District Permanent Index Number: 16-03-316-014-0000;16-03-317-003-0000; 16-03-317-004-0000; 16-03-320-004-0000 and 16-03-320-007-0000 Municipal Resolution Number: City of Chicago, Ordinance No. 020224-0010112 Number of month property vacant/abandoned: 14 days vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, manufacturing, and/or distribution 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    Not available Not available
24-5664 1 Faropoint Ventures, LLCResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION FAROPOINT VENTURES, 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: Faropoint Ventures, LLC Address: 955 Estes Avenue, Elk Grove Village, Illinois Municipality or Unincorporated Township: Elk Grove Village Cook County District: 15th District Permanent Index Number: 08-34-100-015-0000 Municipal Resolution Number: Elk Grove Village Resolution Number 29-22 Number of month property vacant/abandoned: Five (5) months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use warehousing and distribution 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 facility; and WHEREAS, the Cook County Classification    Not available Not available
24-5668 1 ORD Real Estate LLCResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION ORD REAL ESTATE 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: ORD Real Estate LLC Address: 119 Bond Street, Elk Grove Village, Illinois, Municipality or Unincorporated Township: Elk Grove Village Cook County District: 15th District Permanent Index Number: 08-22-301-011-0000 Municipal Resolution Number: Elk Grove Village, Resolution No. 20-22 Number of month property vacant/abandoned: Four (4) months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, manufacturing, and/or distribution 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 facility; and WHEREAS, the Cook County Classi   Not available Not available
24-5669 1 VK 925 CHASE LLCResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION VK 925 CHASE 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: VK 925 Chase LLC Address: 925-1065 Chase Avenue, Elk Grove Village, Illinois Municipality or Unincorporated Township: Elk Grove Village Cook County District: 15th District Permanent Index Number: 08-27-303-050-0000 Municipal Resolution Number: Elk Grove Village, Resolution No. 44-22 Number of month property vacant/abandoned: One (1) month vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, manufacturing and distribution 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 facility; and WHEREAS, the Cook County Classificat   Not available Not available
24-5612 1 211 Metro ChicagoResolutionPROPOSED RESOLUTION 2-1-1 METRO CHICAGO INITIATIVE LED BY THE UNITED WAY OF METRO CHICAGO WHEREAS, the social services network in Cook County includes a complex system of service providers and puts the burden for navigating this system on residents; and WHEREAS, the COVID-19 pandemic brought this problem into greater focus, highlighting the need for a comprehensive, centralized information and referral system for human services; and WHEREAS, Cook County, the City of Chicago, the United Way of Metro Chicago, and the Heartland Alliance desired to implement a 2-1-1 system, an information and referral system for health and social services that has been implemented successfully across the country; and WHEREAS, the above stakeholders convened an Advisory Committee with participation by the Bureau of Economic Development (BED) in early 2021 to determine how to establish and implement a 2-1-1 system in Cook County; and WHEREAS, that Advisory Committee, after a systematic review of the top 2-1-1 systems in the United States and research on operating and governance options, d   Not available Not available
24-5832 1 AMENDMENT TO CHAPTER 74, ARTICLE II, REAL PROPERTY TAXATIONOrdinance AmendmentPROPOSED ORDINANCE AMENDMENT AN AMENDMENT TO CHAPTER 74, ARTICLE II, REAL PROPERTY TAXATION BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 74 - Taxation, Article II - Real Property Taxation, Division 2 - Classification System for Assessment, Section 74-75, of the Cook County Code is hereby amended as follows: Sec. 74-75. - Incentive classification affidavit requirement waiver. (a) This Section shall apply to existing incentives classifications, pending applications and eligibility/renewal applications submitted during the 2017, 2018, 2019, 2020, 2021, 2022, 2023, and 2024 and 2025 assessment years. The Assessor's Office shall liberally construe this Section to effectuate its intent as set forth in subsections (b) and (c) below. (b) Compliance with the existing affidavit requirements of Sections 74-71(a)(2) and (a)(8), 74-71(b)(7), 74-71(c)(2), 74-72 and 74-74(b) and (d) shall be waived for the 2017, 2018, 2019, 2020, 2021, 2022, 2023, and 2024 and 2025 assessment years. Such waiver shall be lifted at the beginning of the 2025 2026 assessment    Not available Not available