Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available. Details Meeting Name: Business and Economic Development Committee Agenda status: Final Meeting date/time: 1/17/2018 9:15 AM Minutes status: Draft   Meeting location: Cook County Building, Board Room 118 North Clark Street, Chicago, Illinois Published agenda: Agenda Published minutes: Minutes   Meeting video: Video   Attachments: Errata 1-17-18 for Business and Economic Development Committee.pdf, Proposed Substitute to 17-9977.pdf, FINAL List of Speakers for the Cook County Business Econ. & Dev. 1-17-2018.pdf, SSMMA_17-9977_Property Tax Testimony 1-17-18.pdf, Public Comment for Business and Economic Development Committee 01.17.2018.pdf Meeting Items (3) 3 records Group Clear sorting Clear grouping Group by Type Group by Result Export Export to Excel Export to PDF Export to Word Show: Legislation only Legislation only All agenda items File # Ver. Agenda # Name Type Title Motion Result Action Details Video 18-1633 1     Committee Minutes COMMITTEE MINUTES Approval of the minutes from the meeting of 12/13/2017     Not available Video 17-9977 1   Tax Incentive Ordinance Amendment Ordinance Amendment PROPOSED SUBSTITUTE TO ITEM 17-9977 PROPOSED ORDINANCE AMENDMENT 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, Section 74-75 of the Cook County Code is hereby amended as follows: Sec. 74-75 - Incentive Classification Affidavit Requirement Waiver. (a) This Section shall apply to existing incentives classifications, pending applications and eligibility/renewal applications submitted during the 2017 and 2018 assessment year. The Assessor’s Office shall liberally construe this Section to effectuate its intent as set forth in subsections (b) and (c) below. (b) Compliance with the existing affidavit requirements of Sections 74-71(b)(2), 74-72 and 74-74 (b) and (d) shall be waived for the 2017 and 2018 assessment years. Such waiver shall be lifted at the beginning of the 2019 assessment year and the affidavit requirements of Sections 74-71, 74-72 and 74-74 that are then in effect shall be effective for the 2019 assess     Not available Video 17-9977 1   Tax Incentive Ordinance Amendment Ordinance Amendment PROPOSED SUBSTITUTE TO ITEM 17-9977 PROPOSED ORDINANCE AMENDMENT 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, Section 74-75 of the Cook County Code is hereby amended as follows: Sec. 74-75 - Incentive Classification Affidavit Requirement Waiver. (a) This Section shall apply to existing incentives classifications, pending applications and eligibility/renewal applications submitted during the 2017 and 2018 assessment year. The Assessor’s Office shall liberally construe this Section to effectuate its intent as set forth in subsections (b) and (c) below. (b) Compliance with the existing affidavit requirements of Sections 74-71(b)(2), 74-72 and 74-74 (b) and (d) shall be waived for the 2017 and 2018 assessment years. Such waiver shall be lifted at the beginning of the 2019 assessment year and the affidavit requirements of Sections 74-71, 74-72 and 74-74 that are then in effect shall be effective for the 2019 assess     Not available Video