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Meeting Details

Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 11/18/2026 11:00 AM Minutes status: Draft  
Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
Issued on: 11/10/2026
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video:  
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26-2802 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 10/21/2026.   Not available Not available
26-2559 1 J2M-Tollview LLCResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION J2M-Tollview 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: J2M-Tollview LLC Address: 5110 Tollview Dr, Rolling Meadows, Illinois Municipality or Unincorporated Township: Elk Grove Cook County District: 15th District Permanent Index Number: 08-07-405-002-0000 Municipal Resolution Number: Resolution Number 25-R-60 Number of month property vacant/abandoned: Five (5) months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, 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 Classification System for Assessmen   Not available Not available
26-2560 1 The Spearman Firm, LLCResolution (Class 8) No Purchase for ValuePROPOSED RESOLUTION The Spearman Firm, 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: The Spearman Firm, LLC Address: 17911 Harwood Avenue, Homewood, Illinois Municipality or Unincorporated Township: Thornton Cook County District: 6th District Permanent Index Number: 29-31-303-002-0000; 29-31-303-014-0000 Municipal Resolution Number: Resolution Number R-3246 Number of month property vacant/abandoned: 47 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - office 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 industrial facility; and WHEREAS, the Cook County Classification System for Assessment defines aban   Not available Not available
26-2561 1 Bubbly Dynamics, LLCResolution (Class 6B) SERPROPOSED RESOLUTION Bubbly Dynamics, LLC 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: Bubbly Dynamics, LLC Address: 4501- 4513 S McDowell Ave, 4516 S Loomis, Chicago, Illinois Length of time at current location: 14 Years Length of time property under same ownership: 14 Years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 101 years Municipality or Unincorporated Township: Chicago Cook County District: 7th District Permanent Index Number(s): 20-05-306-034-0000 and 20-05-306-036-0000 Municipal Resolution Number: City of Chicago Ordinance Document Number 02025-001879    Not available Not available
26-2566 1 Village of Posen / JT Gallegas EsparzaResolution (Class 8) Purchase for ValuePROPOSED RESOLUTION Village of Posen / JT Gallegas Esparza 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: Village of Posen / JT Gallegas Esparza Address: 14648 Walter Zimny Drive and 2560 147th St, Posen, Illinois Municipality or Unincorporated Township: Village of Posen Cook County District: 5th District Permanent Index Number: 28-12-225-222-0000 and 28-12-225-223-0000 Municipal Resolution Number: Village of Posen, Resolution Number 2026-11 Number of month property vacant/abandoned: 12 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - Restaurant 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 commercial f   Not available Not available
26-2567 1 SmartCorr Systems, Inc.Resolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION SmartCorr Systems, 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: SmartCorr Systems, Inc. Address: 10441 163rd Place, Orland Park, Illinois Municipality or Unincorporated Township: Village of Orland Park Cook County District: 17th District Permanent Index Number: 27-20-401-023-0000 Municipal Resolution Number: Village of Orland Park Resolution No. 2605 Number of month property vacant/abandoned: One (1) month vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, 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    Not available Not available
26-2579 1 Prologis Inc.Resolution (Class 6B) No Purchase for ValuePROPOSED RESOLUTION Prologis 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: Prologis Inc. Address: 255 & 301 Willis Road, Des Plaines, Illinois Municipality or Unincorporated Township: City of Des Plaines Cook County District: District Number Permanent Index Number: 08-25-202-006-0000 08-25-202-013-0000; 08-25-202-017-0000 and 08-25-202-018-0000 Municipal Resolution Number: Resolution Number R-126-25 Number of month property vacant/abandoned: 20 months vacant Special circumstances justification requested: Yes or No Proposed use of property: Industrial use - warehousing, 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 abandon   Not available Not available
26-2580 1 IIWII,LLC /CARROLL DISTRIBUTING & CONSTRUCTION SUPPLY, INC.ResolutionPROPOSED RESOLUTION IIWII, LLC /CARROLL DISTRIBUTING & CONSTRUCTION SUPPLY, INC. UNINCORPORATED COOK COUNTY CLASS 6B RENEWAL PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b unincorporated industrial renewal application containing the following information: Applicant: IIWII, LLC /Carroll Distributing & Construction Supply, Inc. Address: 13655 Main Street, Lemont, Illinois Municipality or Unincorporated Township: Unincorporated Lemont Township Cook County District: 17th Permanent Index Number: 22-15-200-019-0000 Municipal Resolution Number: Unincorporated Cook Use of property: Industrial use- warehousing and distribution 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 newly constructed or substantially rehabilitated or abandoned industrial property; and WHEREAS, Class 6b incentives that are granted may be renew   Not available Not available
26-2584 1  ResolutionPROPOSED RESOLUTION A RESOLUTION ESTABLISHING A COOK COUNTY LAND BANK VACANT LAND PROPERTY TAX INCENTIVE FOR VACANT PROPERTY ACQUIRED BY THE COOK COUNTY LAND BANK AUTHORITY WHEREAS, Cook County is a home rule unit of local government pursuant to Article VII, Section 6 of the Illinois Constitution; and WHEREAS, Cook County currently provides property tax incentives, including Class 7b, to encourage investment, redevelopment, rehabilitation, and productive reuse of property; and WHEREAS, Class 7b provides qualifying commercial properties with a reduced assessment level of 10 percent for ten years, 15 percent in the eleventh year, and 20 percent in the twelfth year; and WHEREAS, existing property tax incentives are primarily structured around buildings and development projects and do not adequately address the distinct challenges associated with vacant land that must first be acquired, assembled, remediated, planned, and prepared for productive reuse; and WHEREAS, the Cook County Land Bank Authority ("CCLBA") acquires vacant, abandoned, and distressed properties and fa   Not available Not available