Details Meeting Name: Business and Economic Development Committee Agenda status: Final Meeting date/time: 3/15/2023 11:30 AM Minutes status: Final   Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois Published agenda: Agenda Published minutes: Minutes   Meeting video: Video   Attachments: to comment on an item at this agenda, click here, Click to Watch Live Meeting Items (5) 5 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 23-1840 1     Committee Minutes COMMITTEE MINUTES Approval of the minutes from the meeting of 02/08/2023 approve Pass Action details Not available 23-0947 1   BV Enterprises Resolution PROPOSED RESOLUTION BV Enterprises 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: BV Enterprises Address: 1951 Landmeier Road, Elk Grove Village, Illinois Municipality or Unincorporated Township: Elk Grove Village Cook County District: 11th 15th District Permanent Index Number: 08-26-304-053-0000 Municipal Resolution Number: Village of Elk Grove Resolution Number 6-21 Number of month property vacant/abandoned: 13 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 Cook County Classification System for Assessment defines abandoned recommend for approval as amended Pass Action details Not available 23-0948 1   Elk Grove Village Investments LLC Resolution (Class 6B) Purchase for Value PROPOSED RESOLUTION Elk Grove Village Investments 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: Elk Grove Village Investments LLC Address: 1620 Jarvis Avenue, Elk Grove Village, Illinois Municipality or Unincorporated Township: Elk Grove Village Cook County District: 15th District Permanent Index Number: 08-27-401-054-0000 Municipal Resolution Number: Elk Grove Village Resolution Number 71-20 Number of month property vacant/abandoned: One month vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, packaging, 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, recommend for approval Pass Action details Not available 23-0949 1   Lucid Star LLC Resolution PROPOSED RESOLUTION Lucid Star 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: Lucid Star LLC Address: 125 Commerce Drive, Schaumburg, Illinois Municipality or Unincorporated Township: Schaumburg Cook County District: 15th District Permanent Index Number: 07-10-204-009-0000 Municipal Resolution Number: Village of Schaumburg, Resolution No. R-21-2021, Number of month property vacant/abandoned: Nine (9) months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, packaging 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 recommend for approval Pass Action details Not available 23-1051 1   Steel Warehouse of Illinois dba Siegal Steel Resolution (Class 6B) SER PROPOSED RESOLUTION Steel Warehouse of Illinois dba Siegal Steel 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: Steel Warehouse of Illinois dba Siegal Steel Address: 4747-4801 S Kedzie Ave, Chicago, Illinois Length of time at current location: 33 years Length of time property under same ownership: 33 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 4747 S. Kedzie (83 years old) and 4801 S Kedzie Ave (67 years old) Municipality or Unincorporated Township: City of Chicago Cook County District: 7th District Permanent Index Number(s): 19-12-100-005-0000 and 19-12-100-029-0000 Municipal Resolution Number: City of Chicago, Resolution Number 02022-426 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Dilapidation- recommend for approval Pass Action details Not available