Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 9/18/2024 11:15 AM Minutes status: Final  
Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
Issued on 9/11/2024
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments: to comment on an item at this agenda, click here, Click to Watch Live, Proposed Substitute to File 24-3623.pdf
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24-5185 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 07/22/2024approvePass Action details Not available
24-3779 1 PROPOSED RESOLUTION FOR THE COOK COUNTY RECONNECTResolutionPROPOSED RESOLUTION PROPOSED RESOLUTION FOR THE COOK COUNTY RECONNECT: RENTAL ASSISTANCE AND SERVICES FOR RETURNING RESIDENTS PROGRAM IMPLEMENTED BY THE JUSTICE ADVISORY COUNCIL WHEREAS, on March 11, 2021, the federal government authorized the American Rescue Plan Act of 2021 (“ARPA”) which includes $1.9 trillion in federal stimulus funds to hasten the United States’ recovery from the economic and health effects caused by the COVID-19 pandemic; and WHEREAS, specifically, the federal government has authorized and allocated a federal award of approximately $1,000,372,385B of ARPA funding to Cook County to assist the County in its recovery from the economic and health effects of COVID-19; and WHEREAS, on June 24, 2021, the Cook County American Rescue Plan Act Framework (the “ARPA Framework”) was presented to the Cook County Board of Commissioners; and WHEREAS, the Cook County Board of Commissioners via Resolution 21-3654 accepted the ARPA federal award allocated to Cook County to assist the County in its recovery from the economic and health effects of COVID-19 in the amorecommend for approvalPass Action details Not available
24-3623 1 Class 8 MICROOrdinance AmendmentSponsored by: TONI PRECKWINKLE (President) and STANLEY MOORE, Cook County Board of Commissioners PROPOSED ORDINANCE AMENDMENT TAX INCENTIVE ORDINANCE AMENDMENT BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 74 TAXATION, ARTICLE II REAL PROPERTY TAXATION, DIVISION 2 CLASSIFICATION SYSTEM FOR ASSESSMENT, Sec. 74-63; Sec. 74-64; Sec. 74-65; Sec. 74-71 and Sec. 74-73 of the Cook County Code is hereby amended as follows: Sec. 74-63.Assessment classes. Real estate is divided into the following assessment classes: *** (14) Class 8 MICRO. Real estate used for the manufacture, research or development of semiconductors, microchips, quantum computers, associated component parts, and services provided in support thereof in a manner consistent with 35 ILCS 45/Art. 110, the Manufacturing Chips for Real Opportunity Act (the "MICRO Act"), consisting of all buildings or other structures, including the land upon which they are situated. a. Real estate qualifies when it is located in an area which has been certified as in need of substantial revitalization in accept as substitutedPass Action details Not available
24-3623 2 Class 8 MICROOrdinance AmendmentSponsored by: TONI PRECKWINKLE (President) and STANLEY MOORE, Cook County Board of Commissioners PROPOSED ORDINANCE AMENDMENT TAX INCENTIVE ORDINANCE AMENDMENT BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 74 TAXATION, ARTICLE II REAL PROPERTY TAXATION, DIVISION 2 CLASSIFICATION SYSTEM FOR ASSESSMENT, Sec. 74-63; Sec. 74-64; Sec. 74-65; Sec. 74-71 and Sec. 74-73 of the Cook County Code is hereby amended as follows: Sec. 74-63.Assessment classes. Real estate is divided into the following assessment classes: *** (14) Class 8 MICRO. Real estate used for the manufacture, research or development of semiconductors, microchips, quantum computers, associated component parts, and services provided in support thereof in a manner consistent with 35 ILCS 45/Art. 110, the Manufacturing Chips for Real Opportunity Act (the "MICRO Act"), consisting of all buildings or other structures, including the land upon which they are situated. a. Real estate qualifies when it is located in an area which has been certified as in need of substantial revitalization in recommend for approval as substitutedPass Action details Not available
24-3838 1 MON AMI Ventures, LLCResolution (Class 8) Purchase for ValuePROPOSED RESOLUTION MON AMI Ventures, 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: MON AMI Ventures, LLC Address: 1250 W. 127th Street, Calumet Park, Illinois Municipality or Unincorporated Township: Village of Calumet Park Cook County District: 5th District Permanent Index Number: 25-29-327-039-0000, 25-29-327-067-0000, 25-29-327-070-0000, 25-29-327-071-0000, 25-29-327-072-0000 Municipal Resolution Number: Village of Calumet Park, Ordinance 19-1224 Number of month property vacant/abandoned: Over 24 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 8 that provides an applicant a reduction in therecommend for approvalPass Action details Not available
24-3878 1 GKI INDUSTRIAL CHICAGO, LLCResolution (Class 6B) No Purchase for ValuePROPOSED RESOLUTION GKI INDUSTRIAL 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: GKI Industrial Chicago, LLC Address: 55 E. Howard Avenue, Des Plaines, Illinois Municipality or Unincorporated Township: City of Des Plaines Cook County District: 17th District Permanent Index Number: 09-30-300-038-0000 Municipal Resolution Number: City of Des Plaines Resolution No. R-66-23 Number of month property vacant/abandoned: 17 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 Corecommend for approvalPass Action details Not available
24-3879 1 MELROSE PARK EQUITY, LLCResolutionPROPOSED RESOLUTION MELROSE PARK EQUITY, LLC 7B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 7b application containing the following information: Applicant: Melrose Park Equity, LLC Address: 1000 West North Avenue, Melrose Park, Illinois Municipality or Unincorporated Township: Village of Melrose Park Cook County District: 16th District Permanent Index Number: 15-03-211-010-0000 (paritial) Municipal Resolution Number: Village of Melrose Park, Resolution No. 117-23 Number of month property vacant/abandoned: Vacant for more than 24 months. Special circumstances justification requested: Yes Proposed use of property: Commercial use - Retail Living Wage Ordinance Compliance Affidavit Provided: N/A Commercial use WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 7b that provides an applicant a reduction in the assessment level for an abandoned industrial facility; and WHEREAS, the Cook Countrecommend for approvalPass Action details Not available
24-3898 1 GEORGE GULLO DEVELOPMENT CORPResolutionPROPOSED RESOLUTION GEORGE GULLO DEVELOPMENT CORP 6B UNINCORPORATED INDUSTRIAL 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: George Gullo Development Corp Address: 2050 Higgins Road, Elk Grove Village, Illinois Municipality or Unincorporated Township: Elk Grove Village Cook County District: 15th District Permanent Index Number: 08-26-102-041-0000 Municipal Resolution Number: Unincorporated Elk Grove Township 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 renewed during the last year in which a property is entitled to arecommend for approvalPass Action details Not available
24-4196 1 250 Hamilton LLCResolutionPROPOSED RESOLUTION 250 Hamilton LLC 6B UNINCORPORATED INDUSTRIAL 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: 250 Hamilton LLC Address: 250 Hamilton Road. Arlington Heights, Illinois Municipality or Unincorporated Township: Arlington Heights Cook County District: 15th District Permanent Index Number: 08-26-204-002-0000 Municipal Resolution Number: Unincorporated Elk Grove Township 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 renewed during the last year in which a property is entitled to a 10% assessment level or wherecommend for approvalPass Action details Not available