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: 6/12/2024 11:10 AM Minutes status: Draft  
Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
Issued on: 6/5/2024 (recessed to 6/13/2024 @ 9:30am)
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video:  
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24-3436 1 BED minutes from the meeting of 5/14/2024Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 5/14/2024   Not available Not available
24-0593 1 2024 STARTING BLOCK GRANTSResolutionPROPOSED RESOLUTION 2024 STARTING BLOCK GRANTS WHEREAS, in November 2021, the Cook County Board of Commissioners passed Resolution No. 21-5542 creating a special purpose fund for Equity and Inclusion ("Equity Fund") dedicated to addressing historical disparities and disinvestment communities that are marginalized or have experienced other social and economic disparities; and WHEREAS, through the Equity Fund, intentional investments from government resources are allocated to address historical and continued disparities and disinvestment, (as defined in the Equity Report) and to bring advocates, service providers, and other partners to the table as thought partners and decision-makers; and WHEREAS, in May 2022, in conjunction with the release of the inaugural Equity Fund Report, Cook County brought forth and approved a resolution detailing the Equity Fund's first installment spending plan for the initial $50M which was allocated to the fund as part of the FY22 budget; and WHEREAS, Equity in Grantmaking/Capacity Building was established as a priority area and confirmed b   Not available Not available
24-3004 1 Fuchs Lubricant CompanyResolution (Class 8) Purchase for ValuePROPOSED RESOLUTION Fuchs Lubricant Company 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: Fuchs Lubricant Company Address: 215 E. 171st Street, Harvey, Illinois Municipality or Unincorporated Township: City of Harvey Cook County District: 65th District Permanent Index Number: 29-29-205-023-0000 Municipal Resolution Number: City of Harvey, Resolution No. 2935 Number of month property vacant/abandoned: One (1) week 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 8 that provides an applicant a reduction in the assessment level for an abandoned commercial facility; and WHEREAS, the Cook County Classification System for Assessment d   Not available Not available
24-3005 1 HPG Holding IncResolution (Class 8) No Purchase for ValuePROPOSED RESOLUTION HPG Holding 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: HPG Holding Inc. Address: 590 Lincoln Highway, Chicago Heights, IL 60411 Municipality or Unincorporated Township: City of Chicago Heights Cook County District: 5th District Permanent Index Number: 32-19-302-037-0000 Municipal Resolution Number: City of Chicago Heights, Resolution No. 2023-99(a), Number of month property vacant/abandoned: 18 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - gas station, and commercial store fronts 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 Class   Not available Not available