Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 7/22/2024 2:00 PM Minutes status: Final  
Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
Issued on: 7/15/2024
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
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24-4121 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 06/12/2024.approvePass Action details Not available
24-3464 1 Transabsolut CompanyResolution (Class 8) Purchase for ValuePROPOSED RESOLUTION Transabsolut Company 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: Transabsolut Company Address: 14232 Dixie Highway, Posen, Illinois Municipality or Unincorporated Township: Village of Posen, Cook County District: 5th District Permanent Index Number: 29-06-305-005-0000, 29-06-305-006-0000, 29-06-305-007-0000, 29-06-305- 0008-0000, 29-06-305-009-0000, 29-06-305-010-0000, 29-06-305-011-0000, 29-06-305- 012-0000, 29-06-305-013-0000, 29-06-305-022-0000 and 29-06-305-023-0000 Municipal Resolution Number: Village of Posen, Resolution No. 2022-06 Number of month property vacant/abandoned: One (1) month vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, and/or distribution Living Wage Ordinance Compliance Affidavit Provided: Yes WHEREAS, the Cook County Board of Commissioners has adoptrecommend for approvalPass Action details Not available
24-3467 1 Hirsch 3100 LLCResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION Hirsch 3100 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: Hirsch 3100 LLC Address: 3100 W. Hirsch Ave, Melrose Park, Illinois Municipality or Unincorporated Township: Melrose Park Cook County District: 16th District Permanent Index Number: 12-10-302-018-0000 Municipal Resolution Number: Village of Melrose Park, Resolution No. 105-22 Number of month property vacant/abandoned: Two (2) 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 Classification Sysrecommend for approvalPass Action details Not available
24-3468 1 IL 4825 LLCResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION IL 4825 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: IL 4825 LLC Address: 4825 LLC, Melrose Park, Illinois Municipality or Unincorporated Township: Melrose Park Cook County District: 16th District Permanent Index Number: 15-05-300-011-0000 Municipal Resolution Number: Village of Melrose Park, Resolution No 136-22 Number of month property vacant/abandoned: Five (5) 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 Classification System for Assessment recommend for approvalPass Action details Not available
24-3469 1 JMI Crafted Commercial Millwork, IncResolution (Class 6B) SERPROPOSED RESOLUTION JMI Crafted Commercial Millwork, 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: JMI Crafted Commercial Millwork, Inc. Address: 3032 W. 167th Street, Markham, Illinois Length of time at current location: 26 years Length of time property under same ownership: 26 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 52 years Municipality or Unincorporated Township: City of Markham Cook County District: 5th District Permanent Index Number(s): 28-24-308-024-0000 Municipal Resolution Number: City of Markham, Resolution No. 21-R-662, Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Obsolescence - current production area is not very efficient to maintain business operations, lirecommend for approvalPass Action details Not available