Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 10/19/2022 10:30 AM Minutes status: Final  
Meeting location: Virtual meeting
Published agenda: Revised agenda Revised agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments: Click to watch live, To comment on an item, click here, Chicago Ridge Ltr. of Support Food Desert Ordinance Amendment.pdf, Letter of Support - City of Palos Hills.pdf, Letter of Support for Class 7d Amendment- Food Desert Incentive.docx, Park Forest Letter of Support for Class 7d amendment-food desert incentive.pdf, SSMMA Testimony_CC Bus. and Econ Dev Committee_Ord. 22-5345_Oct 19, 2022.pdf, Thornton Ltr. of Support - food desert incentive amendment.pdf, Village of Oak Lawn Letter of Support - Food Desert Incentive.pdf, Village of South Chicago Heights Ltr. of Support food desert incentive.pdf, Class 7d Grocery Store Incentive Support.docx
File #Ver.Agenda #NameTypeTitleMotionResultAction DetailsVideo
22-6026 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 09/21/2022approvePass Action details Not available
22-5249 1 Modern Process Equipment CorporationResolution (Class 6B) SERPROPOSED RESOLUTION Modern Process Equipment 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: Modern Process Equipment Corporation Address: 3130 & 3136 S. Kolin Avenue, Chicago, Illinois 60623 Length of time at current location: 50 years Length of time property under same ownership: 6 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 25 Municipality or Unincorporated Township: City of Chicago Cook County District: 5th District Permanent Index Number(s): 16-34-200-009-0000 and 16-34-200-032-0000 Municipal Resolution Number: City of Chicago, Ordinance Document Number 02022-1281 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Inadequate utilities: All lighting was replaced throughout threcommend for approvalPass Action details Not available
22-5268 1 Founders Bank Trust NO. 5240Resolution (Class 8) No Purchase for ValuePROPOSED RESOLUTION Founders Bank Trust NO. 5240 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: Founders Bank Trust NO. 5240 Address: 2338 New Street, Blue Island, Illinois 60406 Municipality or Unincorporated Township: City of Blue Island Cook County District: 5th District Permanent Index Number: 25-31-119-023-0000 Municipal Resolution Number: City of Blue Island, Resolution No. 2021-055 Number of month property vacant/abandoned: 14 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - office medical space 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 assessment level for an abandoned industrial facility; and WHEREAS, the Cook County Classifirecommend for approvalPass Action details Not available
22-5269 1 MV Holding, LLCResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION MV 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: MV Holding, LLC Address: 801 E Business Center Drive, Mount Prospect, Illinois 60056 Municipality or Unincorporated Township: Village of Mount Prospect Cook County District: 9th District Permanent Index Number: 03-35-102-015 -0000 Municipal Resolution Number: Village of Mount Prospect, Resolution NO. 23-21 Number of month property vacant/abandoned: One (1) month vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - manufacturing 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 Cook County recommend for approvalPass Action details Not available
22-5270 1 Talatrans Worldwide CorporationResolutionPROPOSED RESOLUTION Talatrans Worldwide Corporation 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: Talatrans Worldwide Corporation Address: 1115 Morse Ave, Schaumburg, Illinois 60193 Municipality or Unincorporated Township: Village of Schaumburg Cook County District: 15th District Permanent Index Number: 07-33-103-030-0000 Municipal Resolution Number: Village of Schaumburg, Resolution No. R-21-034 Number of month property vacant/abandoned: Eight (8) months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - 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 Crecommend for approvalPass Action details Not available
22-5378 1 2419 West George LLCResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION 2419 West George 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: 2419 West George LLC Address: 2419 West George Street, Chicago, Illinois Municipality or Unincorporated Township: Chicago Cook County District: 8th District Permanent Index Number: 13-25-230-044-0000 Municipal Resolution Number: City of Chicago, Resolution NO. 02021-3260 Number of month property vacant/abandoned: 12 months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, light 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 Classificationrecommend for approvalPass Action details Not available
22-5379 1 Richards Graphic Communications, IncResolution (Class 6B) SERPROPOSED RESOLUTION Richards Graphic Communications, 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: Richards Graphic Communications, Inc. Address: 2700 Van Buren Street, Bellwood, Illinois Length of time at current location: Length of time property under same ownership: 35 Years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 56 Years Municipality or Unincorporated Township: Village of Bellwood Cook County District: 1st District Permanent Index Number(s): 15-16-214-037-0000 Municipal Resolution Number: Village of Bellwood, Resolution Number 22-13 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Three (3) blighting factors: Obsolescence - The property was built 50 years ago, and as such, many firecommend for approvalPass Action details Not available
22-5345 1 AN AMENDMENT TO CHAPTER 74, ARTICLE II, REAL PROPERTY TAXATIONOrdinance AmendmentPROPOSED ORDINANCE AMENDMENT AN AMENDMENT TO CHAPTER 74, ARTICLE II, REAL PROPERTY TAXATION WHEREAS, the Cook County Property Tax Incentive program is one of the most effective tools to attract and retain businesses in Cook County; and WHEREAS, the program is particularly important in areas that have economic stagnation and high property tax rates such as exists in the South Suburbs of Cook County; and WHEREAS, there exists several Illinois Department of Public Health designated food desserts throughout Cook County including in the South Suburbs; and WHEREAS, according to U.S. Department of Agriculture (USDA) 2019 data, Illinois has 318 low-income and low access census tracts where urban residents must travel more than 1 mile and rural residents travel more than 10 miles to the nearest supermarket, which represents 10.2% of all census tracts and accounts for 1,242,939 Illinois residents living in these food deserts, and the county with the greatest number of tracts is Cook County with 51; and WHEREAS, according to U.S. Department of Agriculture (USDA) 2019 data, Ilrecommend for approvalPass Action details Not available