Meeting Name: 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) (inactive) Agenda status: Final
Meeting date/time: 5/1/2014 10:30 AM Minutes status: Final  
Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
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14-1930 1 Class 6a OrdinanceOrdinance AmendmentPROPOSED SUBSTITUTE TO 14-1930 PROPOSED ORDINANCE AMENDMENT AMENDMENT TO ASSESSMENT CLASSES - CLASS 7C BE IT ORDAINED, by the Cook County Board of Commissioners that Chapter 74 Taxation, Article II Real Property Taxation, Division 2, Section 74-63 through 74-73 of the Cook County Code of Ordinances are hereby amended as follows: Sec. 74-63. Assessment classes. Real estate is divided into the following assessment classes: (1) Class 1. Unimproved real estate. (2) Class 2. Real estate: a. Used as a farm; b. Used for residential purposes when improved with a house, an apartment building of not more than six living units, or residential condominium, a residential cooperative or a government-subsidized housing project, if required by statute to be assessed in the lowest assessment category; c. Improved with a building put to commercial and residential use, of six or less units where the building measures less than 20,000 square feet of above grade space; or d. Real estate improved with a single room occupancy building, as defined in this division, providedrecommend for deferralPass Action details Not available
14-2252 1 PULSARLUBE U.S.A. INC. 6B PROPERTY TAX INCENTIVE REQUESTResolutionPROPOSED RESOLUTION PULSARLUBE U.S.A. INC. 6B PROPERTY TAX INCENTIVE REQUEST 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 Pulsarlube U.S.A., Inc. and Resolution No. 43-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 1480 Howard Street, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-27-203-036-0000; 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 real estate is normally assessed at 25% of its market value. Qualifying industrial real estate eligible for the Class 6b can receive a significant reduction in the level of assesrecommend for approvalPass Action details Video Video
14-2253 1 MIDWEST MOVING & STORAGE, INC. 6B PROPERTY TAX INCENTIVE REQUEST.ResolutionPROPOSED RESOLUTION MIDWEST MOVING & STORAGE, INC. 6B PROPERTY TAX INCENTIVE REQUEST 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 Midwest Moving & Storage, Inc. and Resolution No. 57-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 1717 Tonne Road, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-34-101-029-0000; 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 real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can receive a significant reduction irecommend for approvalPass Action details Video Video
14-2254 1 240 Stanley, LLCResolutionPROPOSED RESOLUTION 240 STANLEY, LLC 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 240 Stanley, LLC. and Resolution No. 36-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 240 Stanley Street, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-22-302-025-0000; 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 real estate is normally assessed at 25% of its market value. Qualifying industrial real estate eligible for the Class 6b can receive a significant reduction in the level of assessment from the date that new construction or rerecommend for approvalPass Action details Video Video
14-2256 1 ELLA HOLDINGS, LLC 6B PROPERTY TAX INCENTIVE REQUESTResolutionPROPOSED RESOLUTION ELLA HOLDINGS, LLC 6B PROPERTY TAX INCENTIVE REQUEST 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 Ella Holdings, LLC and Resolution No. 45-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 800 Morse Avenue, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-34-102-029-0000; 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 real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can receive a significant reduction in the level of assessmentrecommend for approvalPass Action details Video Video
14-2257 1 820 GREENLEAF, LLC 6B PROPERTY TAX INCENTIVE REQUESTResolutionPROPOSED RESOLUTION 820 GREENLEAF, LLC 6B PROPERTY TAX INCENTIVE REQUEST 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 820 Greenleaf, LLC and Resolution No. 50-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 820 Greenleaf Avenue, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-34-100-064-0000; 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 real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can receive a significant reduction in the level of assesrecommend for approvalPass Action details Video Video
14-2279 1 HANOVER DISPLAYS INC. OR ASSIGNEE 6B PROPERTY TAX INCENTIVE REQUESTResolutionPROPOSED RESOLUTION HANOVER DISPLAYS INC. OR ASSIGNEE 6B PROPERTY TAX INCENTIVE REQUEST 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 Hanover Displays Inc. or Assignee and Resolution No. 46-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 1601 Tonne Road, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-34-101-030-0000; 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 real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can receive a significant reduction recommend for approvalPass Action details Video Video
14-2286 1 ARKMAN LOGISTICS, INC. 6B PROPERTY TAX INCENTIVE REQUEST REQUESTResolutionPROPOSED RESOLUTION ARKMAN LOGISTICS, INC. 6B PROPERTY TAX INCENTIVE REQUEST 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 Arkman Logistics, Inc. and Resolution No. 52-13 from the Village of Elk Grove Village for an abandoned industrial facility located at 2200 Estes Avenue, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-35-200-017-0000; 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 real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can receive a significant reduction in the level of arecommend for approvalPass Action details Video Video