Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 6/7/2017 9:45 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  
Meeting video:  
Attachments:
File #Ver.Agenda #NameTypeTitleMotionResultAction DetailsVideo
17-3650 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 5/10/2017approvePass Action details Video Video
17-3060 1 STEEL SUPPLY COMPANY CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)ResolutionPROPOSED RESOLUTION STEEL SUPPLY 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: Steel Supply Company Address: 5105 Newport Drive, Rolling Meadows, Illinois Length of time at current location: 47 Length of time property under same ownership: 50 Years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 50 Years Municipality or Unincorporated Township: Rolling Meadows Cook County District: 15 Permanent Index Number(s): 08-08-303-005-0000 Municipal Resolution Number: Resolution No. 17-R-18 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Four (4) Has justification for the Class 6b SER program been provided?: Yes Estimated # of jobs created by this project: None Estimated # of jobs retainrecommend for approvalPass Action details Video Video
17-3061 1 Mercury Products CorporationResolutionPROPOSED RESOLUTION MERCURY PRODUCTS CORPORATION 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: Mercury Products Corporation Address: 1201 S. Mercury Drive, Schaumburg, Illinois Length of time at current location: 22 years Length of time property under same ownership: 22 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 50 years Municipality or Unincorporated Township: Schaumburg Cook County District: 15 Permanent Index Number(s): 07-32-105-032-0000 Municipal Resolution Number: Resolution No. R-16-079 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Three (3) Has justification for the Class 6b SER program been provided?: Yes Estimated # of jobs created by this project: None Estimatrecommend for approvalPass Action details Video Video
17-3075 1 HD HOSPITALITY INC. CLASS 8 PROPERTY TAX INCENTIVE REQUESTResolutionPROPOSED RESOLUTION HD HOSPITALITY INC. 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: HD Hospitality Inc. Address: 4375 Frontage Road, Oak Forest, Illinois Municipality or Unincorporated Township: Village of Oak Forest Cook County District: 5th Permanent Index Number: 28-22-404-020-0000, 28-22-404-021-0000 & 28-22-404-022-0000 Municipal Resolution Number: Resolution Number 2016-09-0295R Number of month property vacant/abandoned: Seven (7) days vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: Eight (8) full-time jobs Estimated Number of jobs retained at this location: 10 full-time jobs Estimated Number of employees in Cook County: None Estimated Number of construction jobs: two (2) to five (5) jobs Proposed use of property: Commercial use 59-key hotel space Living Wage Ordinance Compliarecommend for approvalPass Action details Video Video
17-3082 1 HALLMARK INDUSTRIES INC. OR ITS ASSIGNEE 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION HALLMARK INDUSTRIES INC. OR ITS ASSIGNEE 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: Hallmark Industries Inc. or its Assignee Address: 411 East North Avenue, Streamwood, Illinois 60107 Municipality or Unincorporated Township: Streamwood Cook County District: 15 Permanent Index Number: (1) PIN: 06-35-400-045-0000 Municipal Resolution Number: Resolution 2017-19 approved April 6, 2017 Number of month property vacant/abandoned: 2 months Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 2 full-time, 0 part-time Estimated Number of jobs retained at this location: 4 full-time, 0 part-time Estimated Number of employees in Cook County: 4 full-time, 0 part-time Estimated Number of construction jobs: N/A Proposed use of property: Industrial-warehousing and distribution Living Wage Ordinancerecommend for approvalPass Action details Video Video
17-3087 1 FLEET PARK LLC CLASS 8 PROPERTY TAX INCENTIVE REQUESTResolutionPROPOSED RESOLUTION FLEET PARK 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: Fleet Park LLC Address: 16901 Van Dam Road, South Holland, Illinois Municipality or Unincorporated Township: Village of South Holland Cook County District: 6th Permanent Index Number: 29-23-401-078-0000 Municipal Resolution Number: Resolution approved December 5, 2016 Number of month property vacant/abandoned: 14 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: Three (3) to Five full-time jobs Estimated Number of jobs retained at this location: To be determined Estimated Number of employees in Cook County: 50 full-time jobs Estimated Number of construction jobs: 50 full-time jobs Proposed use of property: Industrial site logistic services, trailer repair and truck storage Living Wage Ordinance Comprecommend for approvalPass Action details Video Video
17-3106 1 ACCEPTING A GRANT FROM THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY’S ABANDONED RESIDENTIAL PROPERTY MUNICIPAL RELIEF PROGRAMGrant AwardPROPOSED RESOLUTION ACCEPTING A GRANT FROM THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY’S ABANDONED RESIDENTIAL PROPERTY MUNICIPAL RELIEF PROGRAM WHEREAS, Cook County (the “Sponsor”) has been awarded a grant (the “Grant”) in the amount of $250,000.00 from the Illinois Housing Development Authority (the “Authority”), program administrator of the Abandoned Residential Property Municipal Relief Program (the “Program”), as that Program is authorized by Section 7.31 of the Illinois Housing Development Act, 20 ILCS 3805/1 et seq. and the rules promulgated under the Act codified at 47 Ill. Adm. Code 381, as may be amended from time to time; and NOW, THEREFORE, BE IT RESOLVED, that the Sponsor shall enter into the Agreement with the Authority wherein the Authority agrees to make the Grant to the Sponsor, which shall be used by the Sponsor to assist with the maintenance and demolition of abandoned properties within the Sponsor’s area, all in accordance with the terms and conditions set forth in the Agreement; and BE IT FURTHER RESOLVED, that the President of the Sponsor or his or herecommend for approvalPass Action details Video Video
17-3127 1 Amendment to Tax Incentive OrdinanceOrdinance AmendmentPROPOSED ORDINANCE AMENDMENT AMENDMENT TO TAX INCENTIVE ORDINANCE 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, Sec. 74-71, of the Cook County Code is hereby amended as follows: Sec. 74-71 (a) Living wage requirement. (1) Unless expressly waived by the County Board, any Employer occupying a property that receives a property tax incentive for Class 6b industrial property, Class 8 industrial property, or Class 9 multifamily residential property shall pay not less than the Living Wage, as defined in the Cook County Procurement Code (Cook ,/County, Ill., Code, Ch. 34, Art. IV, Div. 1 § 34-121), to each of its onsite Employees, unless such Employees’ Wages are governed by Federal or State prevailing wage law. For purposes of this Section, the term “Employee” shall mean an employee who performs duties or services for an Employer on average at least 30 hours per week in any two week period for which the Employee is paid; “hours per week” shall mearecommend for approvalPass Action details Video Video