Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 10/17/2024 11:15 AM Minutes status: Draft  
Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
Issued on 10/11/24
Published agenda: Agenda Agenda Published minutes: Not available  
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24-5779 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 09/18/2024   Not available Not available
24-4682 1 AMB Partners II Local L.P.Resolution (Class 6B) No Purchase for Value TEERMPROPOSED RESOLUTION AMB Partners II Local 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: AMB Partners II Local L.P. Address: 800 Devon Avenue, Elk Grove Village, Illinois Municipality or Unincorporated Township: Elk Grove Village Cook County District: 17th District Permanent Index Number: 08-34-302-035-0000 Municipal Resolution Number: Village of Elk Grove Village, Resolution No. 21-23 Number of month property vacant/abandoned: 19 months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - to create and build high-technology enterprises, commonly referred to as “Data Centers” or “Data Farms”. 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 a   Not available Not available
24-4683 1 G2 FurnitureResolution (Class 6B) No Purchase for ValuePROPOSED RESOLUTION G2 Furniture 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: G2 Furniture Address: 1201-1209 N. 25th Avenue, Melrose Park, Illinois Municipality or Unincorporated Township: Village of Melrose Park Cook County District: 16th District Permanent Index Number: 15-03-316-010-0000 and 15-03-316-021-0000 Municipal Resolution Number: Village of Melrose Park, Resolution No. 113-23 Number of month property vacant/abandoned: 45 months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use- light manufacturing warehousing 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 abandoned industrial facility; and WHEREAS, the   Not available Not available
24-4687 1 PKS Holding LLCResolution (Class 6B) No Purchase for ValuePROPOSED RESOLUTION PKS Holding 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: PKS Holding LLC Address: 2301-2311 Touhy Ave., Elk Grove Village, Illinois Municipality or Unincorporated Township: Village of Elk Grove Village Cook County District: 15th District Permanent Index Number: 08-35-200-036-0000 Municipal Resolution Number: Village of Elk Grove Village, Resolution No. 65-20 Number of month property vacant/abandoned: 25 months vacant Special circumstances justification requested: Yes Proposed use of property: What will this property be used for? Living Wage Ordinance Compliance Affidavit Provided: Yes or No 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    Not available Not available
24-4688 1 VILLAGE OF SCHAUMBURGResolutionPROPOSED RESOLUTION VILLAGE OF SCHAUMBURG PROPERTY TAX INCENTIVE REVOCATION REQUEST WHEREAS, the Cook County Bureau of Economic Development received a revocation request from the Village of Schaumburg containing the following information: Tax Incentive Recipient: Brooklyn Imports, Inc Address: 851 E. State Parkway, Schaumburg, Illinois Municipality or Unincorporated Township: Village of Schaumburg Cook County District: 15 Permanent Index Number: 07-11-400-058-0000 Explanation of Revocation Request: as of January 2024, Brooklyn Imports, Inc. has failed to meet the conditions of the 6B Renewal and Development Agreement, namely being short 14 employees of their committed employment and $74,000 behind on their capital investment. Proposed use of property: Industrial use - warehousing and distribution WHEREAS, Section 74-73 of Division 2 of the Cook County Municipal Code, CLASSIFICATION SYSTEM FOR ASSESSMENT, provides that the following Incentive Classifications Class 6b; Class 6b (special circumstances); Class 6b TEERM; Class 6b SER; Class 7a;    Not available Not available