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: 10/19/2023 9:45 AM Minutes status: Draft  
Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
Reconvened Meeting from 10/17/2023
Published agenda: Reconvened Meeting Agenda Reconvened Meeting Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments: Click to Watch Live, Proposed Substitute to File 23-3872.pdf
File #Ver.Agenda #NameTypeTitleMotionResultAction DetailsVideo
23-5355 1 BED minutes from the meeting of 9/12/2023Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 9/12/2023   Not available Not available
23-4487 1 PICO Chemical/4000 E. 16th LLCResolution (Class 6B) SERPROPOSED RESOLUTION PICO Chemical/4000 E. 16th 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: PICO Chemical/4000 E. 16th LLC Address: 400 E. 16th Street, Chicago Heights, 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): 62 Years Municipality or Unincorporated Township: Bloom Cook County District: 5th District Permanent Index Number(s): 32-22-300-039-0000 Municipal Resolution Number: Village of Chicago Heights, Resolution Number 2021-121 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Obsolescence -Low ceiling heights-do not meet the stacking height of 20 + feet in newer buildings; Deterio   Not available Not available
23-4488 1 BCORE Corridor Chicago LLCResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION BCORE Corridor Chicago 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: BCORE Corridor Chicago LLC Address: 1500 S Wolf Avenue, Wheeling, Illinois, 60090 Municipality or Unincorporated Township: Village of Wheeling Cook County District: 14th District Permanent Index Number: 03-23-202-025-0000 Municipal Resolution Number: Village of Wheeling, Resolution No. 22-073 Number of month property vacant/abandoned: 13 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 Co   Not available Not available
23-4561 1 TOK HOTEL LLC or it’s AssigneeResolution (Class 8) No Purchase for ValuePROPOSED RESOLUTION TOK HOTEL LLC or it's Assignee 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: TOK HOTEL LLC or it's Assignee Address: 5200 Lake Superior Drive Matteson, Illinois Municipality or Unincorporated Township: Name of Municipality or Unincorporated Township Cook County District: 6th District Permanent Index Number: 31-21-203-001-0000 Municipal Resolution Number: Village of Matteson, Resolution No. 1320-0623 Number of month property vacant/abandoned: 16 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - Hotel space 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 C   Not available Not available
23-4562 1 SBS 13939 Harrison Building LLCContract Amendment PROPOSED RESOLUTION SBS 13939 Harrison Building LLC and Proflow Pumping Solutions, Inc. 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: SBS 13939 Harrison Building LLC and Proflow Pumping Solutions, Inc. Address: 13939 Harrison Avenue, Posen, Illinois, 60469 Municipality or Unincorporated Township: Village of Posen Cook County District: 5th District Permanent Index Number: 28-01-400-023-0000 Municipal Resolution Number: Village of Posen, Resolution No. 2023-09 Number of month property vacant/abandoned: 90 days 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 8 that provides an applicant a reduction in the assess   Not available Not available
23-3872 1 ORDINANCE EXCLUDING SOLAR ENERGY SYSTEMS FROM ASSESSOR’S MARKET VALUATION OF STRUCTURE AND IMPROVEMENTSOrdinance AmendmentPROPOSED SUBSTITUTE TO FILE 23-3872 ORDINANCE CREATING ASSESSMENT CLASSIFICATION FOR COMMERCIAL COMMUNITY SOLAR ENERGY SYSTEM INSTALLATIONS BE IT ORDAINED, by the Cook County Board of Commissioners that Chapter 74, Article II, is hereby amended to add the following sections: Sec. 74.63. Assessment Classes Real estate is divided into the following assessment classes: . . . (18). Class E. Improved real estate used primarily for industrial or commercial purposes, consisting of constructed buildings or other structures with a solar energy system installed in or on one or more building(s) or other structure(s) on the parcel after January 1, 2022. The portion of improved property eligible for the Class E incentive shall be the proportion of square footage of the improved surface area that contains an installed solar energy system to the total square footage of all improvements on the parcel, up to a maximum of 50% of the total area of improvements on the parcel. To qualify for the Class E classification, the applicant must: 1. File an eligibility application with the Asses   Not available Not available
23-3872 2 ORDINANCE EXCLUDING SOLAR ENERGY SYSTEMS FROM ASSESSOR’S MARKET VALUATION OF STRUCTURE AND IMPROVEMENTSOrdinance AmendmentPROPOSED SUBSTITUTE TO FILE 23-3872 ORDINANCE CREATING ASSESSMENT CLASSIFICATION FOR COMMERCIAL COMMUNITY SOLAR ENERGY SYSTEM INSTALLATIONS BE IT ORDAINED, by the Cook County Board of Commissioners that Chapter 74, Article II, is hereby amended to add the following sections: Sec. 74.63. Assessment Classes Real estate is divided into the following assessment classes: . . . (18). Class E. Improved real estate used primarily for industrial or commercial purposes, consisting of constructed buildings or other structures with a solar energy system installed in or on one or more building(s) or other structure(s) on the parcel after January 1, 2022. The portion of improved property eligible for the Class E incentive shall be the proportion of square footage of the improved surface area that contains an installed solar energy system to the total square footage of all improvements on the parcel, up to a maximum of 50% of the total area of improvements on the parcel. To qualify for the Class E classification, the applicant must: 1. File an eligibility application with the Asses   Not available Not available