Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 7/19/2023 9:50 AM Minutes status: Final  
Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
Published agenda: Revised Agenda Revised Agenda Published minutes: Minutes Minutes  
Meeting video:  
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23-4065 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 06/28/2023approvePass Action details Not available
23-3449 1 RLF III Central LLCResolutionPROPOSED RESOLUTION RLF III Central 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: RLF III Central LLC Address: 7001 S. Harlem Avenue, Bedford Park, Illinois Municipality or Unincorporated Township: Village of Bedford Park Cook County District: 11th District Permanent Index Number: 19-19-300-013-0000 Municipal Resolution Number: Village of Bedford Park, Resolution No. 21-010, Number of month property vacant/abandoned: Two (2) 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 recommend for approvalPass Action details Not available
23-3450 1 VK 5300 Newport, LLCResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION VK 5300 Newport, 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 5300 Newport, LLC Address: 5300 Newport Drive, Rolling Meadows, Illinois Municipality or Unincorporated Township: Village of Rolling Meadows Cook County District: 15th District Permanent Index Number: 08-08-302-012-0000 and 08-08-302-013-0000 Municipal Resolution Number: Village of Rolling Meadows, Resolution No. 22-R-20 Number of month property vacant/abandoned: 11 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; arecommend for approvalPass Action details Not available
23-3451 1 Robert and Kimberly FosterResolution (Class 8) Purchase for ValuePROPOSED RESOLUTION Robert and Kimberly Foster CLASS 8 PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information: Applicant: Robert and Kimberly Foster Address: 3423-3425 Ridge Road, Lansing, Illinois Municipality or Unincorporated Township: Village of Lansing Cook County District: 4th District Permanent Index Number: 30-32-305-001-0000 Municipal Resolution Number: Village of Lansing, Resolution No. 1116 Number of month property vacant/abandoned: 16 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - Retail Living Wage Ordinance Compliance Affidavit Provided: Yes or No WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assessment level for an abandoned commercial facility; and WHEREAS, the Cook County Classification System for Assessmenrecommend for approvalPass Action details Not available
23-3452 1 IG Capital, LLC d/b/a Tony’s Finer FoodsResolutionPROPOSED RESOLUTION IG Capital, LLC d/b/a Tony’s Finer Foods 7b PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 7b application containing the following information: Applicant: IG Capital, LLC d/b/a Tony’s Finer Foods Address: 200 S. Roselle Road, Schaumburg, Illinois Municipality or Unincorporated Township: Village of Schaumburg Cook County District: 15th District Permanent Index Number: 07-22-301-063-0000 Municipal Resolution Number: Village of Schaumburg, Resolution No. R-21-091 Number of month property vacant/abandoned: Vacant for more than 24 months Special circumstances justification requested: Yes Proposed use of property: Commercial use - Grocery Store Living Wage Ordinance Compliance Affidavit Provided: N/A Commercial use WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 7b that provides an applicant a reduction in the assessment level for an abandoned industrial facilrecommend for approvalPass Action details Not available
23-3455 1 Homewood Property Management LLCResolution (Class 8) No Purchase for ValuePROPOSED RESOLUTION Homewood Property Management LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information: Applicant: Homewood Property Management LLC Address: 17620 S. Halsted Street, Homewood, Illinois Municipality or Unincorporated Township: Village of Homewood Cook County District: 6th District Permanent Index Number: 29-32-200-094-0000 Municipal Resolution Number: Village of Homewood, Resolution No. R-3107 Number of month property vacant/abandoned: Nine (9) months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - Restaurant Living Wage Ordinance Compliance Affidavit Provided: No, not required WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assessment level for an abandoned commercial facility; and WHEREAS, the Cook County Crecommend for approvalPass Action details Not available
23-3456 1 DIKA Homewood, LLCResolution (Class 8) No Purchase for Value TEERMPROPOSED RESOLUTION DIKA Homewood, LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information: Applicant: DIKA Homewood, LLC Address: 17729 and 17805 S. Halsted Street, Homewood, Illinois Municipality or Unincorporated Township: Village of Homewood Cook County District: 6th District Permanent Index Number: 29-33-100-060-0000 Municipal Resolution Number: Village of Homewood, Resolution No. R-3108 Number of month property vacant/abandoned: 24 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - Commercial Strip Mall Living Wage Ordinance Compliance Affidavit Provided: No, not required. WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assessment level for an abandoned commercial facility; and WHEREAS, the Cook County Classificationrecommend for approvalPass Action details Not available
23-3565 1 TP Des Plaines I LLCResolution (Class 6B) No Purchase for ValuePROPOSED RESOLUTION TP Des Plaines I 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: TP Des Plaines I LLC Address: 30 I W Oakton St, Des Plaines, Illinois Municipality or Unincorporated Township: City of Des Plaines, Cook County District: 15th District Permanent Index Number: 08-25-200-004-0000 Municipal Resolution Number: City of Des Plaines, Resolution No. R-41-23 Number of month property vacant/abandoned: 12 months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - logistics 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 System forrecommend for approvalPass Action details Not available
23-3803 1 Cook County Committee on Social InnovationReportREPORT Department: Cook County Committee on Social Innovation Report Title: Cook County Committee on Social Innovation Report Period: January 2022- December 2022 Summary: The final report for the Cook County Committee on Social Innovationrecommend for receiving and filingPass Action details Not available
23-3872 1 ORDINANCE EXCLUDING SOLAR ENERGY SYSTEMS FROM ASSESSOR’S MARKET VALUATION OF STRUCTURE AND IMPROVEMENTSOrdinance AmendmentPROPOSED SUBSTITUTE TO FILE 23-3872 ORDINANCE CREATING ASSESSMENT CLASSIFICATION FOR COMMERCIAL COMMUNITY SOLAR ENERGY SYSTEM INSTALLATIONS BE IT ORDAINED, by the Cook County Board of Commissioners that Chapter 74, Article II, is hereby amended to add the following sections: Sec. 74.63. Assessment Classes Real estate is divided into the following assessment classes: . . . (18). Class E. Improved real estate used primarily for industrial or commercial purposes, consisting of constructed buildings or other structures with a solar energy system installed in or on one or more building(s) or other structure(s) on the parcel after January 1, 2022. The portion of improved property eligible for the Class E incentive shall be the proportion of square footage of the improved surface area that contains an installed solar energy system to the total square footage of all improvements on the parcel, up to a maximum of 50% of the total area of improvements on the parcel. To qualify for the Class E classification, the applicant must: 1. File an eligibility application with the Assesrecommend for deferralPass Action details Not available