Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 4/5/2022 11:45 AM Minutes status: Final  
Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois (Board Room Closed to Public - Meeting Virtual for Public)
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments: Click to Watch Live, To comment on an item on this agenda, click here
File #Ver.Agenda #NameTypeTitleMotionResultAction DetailsVideo
22-2719 1 BED minutes from the meeting of 3/16/2022Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 3/16/2022approvePass Action details Not available
22-1985 1 Young Ai ChoiResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION Young Ai Choi 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: Young Ai Choi Address: 820 Nicholas Blvd., Elk Grove Village Illinois Municipality or Unincorporated Township: Village of Elk Grove Cook County District: 15th District Permanent Index Number: 08-26-301-033-0000 Municipal Resolution Number: Village of Elk Grove, Resolution No. 39-19 Number of month property vacant/abandoned: 19 months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial Use: assembly, maintenance, warehousing, 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 Syrecommend for approvalPass Action details Not available
22-1986 1 Wolfsburg Properties, LLCResolution (Class 8) Purchase for ValuePROPOSED RESOLUTION Wolfsburg Properties, 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: Wolfsburg Properties, LLC Address: 2125 W. 162nd Street, Markham, Illinois Municipality or Unincorporated Township: City of Markham Cook County District: 5th District Permanent Index Number: 29-19-129-003-0000; 29-19-129-006-0000; 29-19-129-007-0000; 29-19-129-009-0000; 29-19-130-003-0000 and 29-19-130-008-0000 Municipal Resolution Number: City of Markham, Ordinance No. 21-0-2296 Number of month property vacant/abandoned: One (1) month vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use- distribution and warehousing Living Wage Ordinance Compliance Affidavit Provided: N/A WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assesrecommend for approvalPass Action details Not available
22-2046 1 Mr. Brad Nardick / The Bazaar IncAmendment to a Previously Approved ItemPROPOSED RESOLUTION Mr. Brad Nardick/ The Bazaar Inc. 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: Mr. Brad Nardick/ The Bazaar Inc. Address: 1810 North 5th Avenue & 1900 5th Avenue, River Grove, Illinois Length of time at current location: 25 years Length of time property under same ownership: 11 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 51 years Municipality or Unincorporated Township: River Grove Cook County District: 9th District Permanent Index Number(s): 12-35-300-018-0000; 12-35-300-008-0000;12-35-300-009-0000 & 12-35-300- 010-0000 Municipal Resolution Number: Village of River Grove, Resolution No. 2021-R-67 Evidence of Economic Hardship: Yes. Number of blighting factors associated with the property: Six blighting frecommend for approvalPass Action details Not available
22-2177 1 Shops at Coopers Grove LLC/Mainstream Commercial GroupResolution (Class 8) No Purchase for ValuePROPOSED RESOLUTION Shops at Coopers Grove LLC/Mainstream Commercial Group 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: Shops at Coopers Grove LLC/Mainstream Commercial Group Address: 4044-4122 W. 183rd St., Country Club Hills, Illinois Municipality or Unincorporated Township: Village of Country Club Hills Cook County District: 5th District Permanent Index Number: 28-34-427-011-0000 Municipal Resolution Number: Village of Country Club Hills, Resolution No. R-15-21, Number of month property vacant/abandoned: More than 24 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - Retail Living Wage Ordinance Compliance Affidavit Provided: N/A Commercial use WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assessment lerecommend for approvalPass Action details Not available
22-1988 1 HH&N LTD Services d.b.a. Junk – KingResolution (Class 8) Purchase for ValuePROPOSED RESOLUTION HH&N LTD Services d.b.a. Junk - King 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: HH&N LTD Services d.b.a. Junk - King Address: 17406 Burnham Avenue, Lansing, Illinois Municipality or Unincorporated Township: Village of Lansing Cook County District: 4th District Permanent Index Number: 30-30-409-052-0000 and 30-30-409-024-0000 Municipal Resolution Number: Village of Lansing Resolution No. 1199 Number of month property vacant/abandoned: Number of months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use- Equipment, Tools and supply storage Living Wage Ordinance Compliance Affidavit Provided: Yes 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 facilitrecommend for approvalPass Action details Not available
22-2204 1 Michael DeCarlo d.b.a. DiCarlo Construction, Inc.Resolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION Michael DeCarlo d.b.a. DiCarlo Construction, Inc. 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: Michael DeCarlo d.b.a. DiCarlo Construction, Inc. Address: 4000 Industrial Avenue, Rolling Meadows, Illinois Municipality or Unincorporated Township: City of Rolling Meadows Cook County District: 14th District Permanent Index Number: 02-23-402-033-0000 Municipal Resolution Number: City of Rolling Meadows, Resolution No. 20-R-73 Number of month property vacant/abandoned: 18 months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, assembly, 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 abandrecommend for approvalPass Action details Not available
22-2222 1 DL3 Chatham, LLCResolutionPROPOSED RESOLUTION DL3 Chatham, LLC 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: DL3 Chatham, LLC Address: 8560 South Cottage Grove Avenue, Chicago, Illinois Municipality or Unincorporated Township: Hyde Park Cook County District: 4th District Permanent Index Number: 20-34-413-061-0000 Municipal Resolution Number: City of Chicago, Ordinance No. 02021-2187 Number of month property vacant/abandoned: Seven (7) months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - Call Center, Incubator and Community space 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 facility; and WHEREAS, the Cook County Crecommend for approvalPass Action details Not available
22-2328 1 HOME Investment Partnership Loan - Bellwood Senor ApartmentsHOME Investment Partnerships ProgramPROPOSED HOME INVESTMENT PARTNERSHIPS PROGRAM Department: Planning and Development Other Part(ies): Evergreen Redevelopment LLC, Chicago, Illinois Request: Request the County Board review for approval the HOME Investment Partnership Program Loan of $1,250,000 to support the development of Bellwood Senior Apartments, an affordable Senior Housing in Bellwood, IL Total Development Cost: $29,412,209.00 Project Loan Amount: $1,250,000.00 Fiscal Impact: $1,250,000.00 Account(s): 11900-1013-53956-580170 Summary: Evergreen Redevelopment LLC has requested HOME Investments Partnerships Program funds in the amount of $1,250,000 for the 12-month construction period and thirty-year permanent period with a 0% permanent loan rate. The loan will be used to finance the new construction of an 80-unit affordable housing for seniors who are 62 and over in the City of Bellwood, Illinois, a near western suburb of the City of Chicago. The new construction will be comprised of a four-story mixed-used development and designed to accommodate 60 parking spaces. The elevrecommend for approvalPass Action details Not available
22-2378 1 HOME Investment Partnership Loan Chicago Heights VeteransHOME Investment Partnerships ProgramPROPOSED HOME INVESTMENT PARTNERSHIPS PROGRAM Department: Planning and Development Other Part(ies): Housing Authority of Cook County (HACC) Request: Request the Board review for approval a HOME Investment Partnership Loan to support the Chicago Heights Veterans affordable housing development in Chicago Heights, IL Total Development Cost: $29,761,388.00 Project Loan Amount: $3,000,000.00 Fiscal Impact: $3,000,000.00 Account(s): 11900-1013-53596-580170 Summary: Housing Authority of Cook County (HACC) has requested HOME Investment Partnerships Program funds in the amount of $3,000,000.00 (30-year term and 1% interest rate) that will be bridged by a construction loan made by BMO Harris. The funds will be used for new construction of a family housing community to extremely low and low-income veterans and their families. The proposed facility is a mid-rise consisting of four- story elevator wood-framed building with a total of eighty-two (82) units containing seventy-three (73) one bedroom and nine (9) two-bedroom units. All units are subsidized with 74 recommend for approvalPass Action details Not available