Meeting Name: Finance Subcommittee on Real Estate and Business and Economic Development (Inactive. There is now a Business and Economic Developement Committee and real estate items in the Asset Managment Committee) (inactive) Agenda status: Final
Meeting date/time: 10/1/2013 12:00 PM Minutes status: Final  
Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments:
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13-1393 3 2XL Corporation or Assignee Class 6bResolutionTransmitting a Communication, dated August 23, 2012 from HERMAN BREWER, Chief, Bureau of Economic Development respectfully submitting this Resolution regarding 2XL Corporation or Assignee’s request for a Class 6b property tax incentive for special circumstances and substantial rehabilitation for an industrial building located at 7550 Industrial Drive, Forest Park, Illinois. The applicant intends to use the facility for the warehousing, manufacturing and distribution of wet wipes supplied to large facilities such as hotels, gyms and convention centers. 2XL Corporation or Assignee requests approval of the tax incentive based on the special circumstances that the property has been vacant for less than 24 months; has been purchased for value; and substantial rehabilitation will be completed under the Class 6b Ordinance. This Resolution is required so that the company can complete its application to the Assessor of Cook County. Submitting a Proposed Resolution sponsored by TONI PRECKWINKLE, President and JEFFREY R. TOBOLSKI, County Commissioner PROPOSED RESOLUTION Wrecommend for approvalPass Action details Video Video
13-1398 2 KTR Illinois, LLC Class 6bResolutionTransmitting a Communication, dated August 23, 2013 from HERMAN BREWER, Chief, Bureau of Economic Development respectfully submitting this Resolution regarding KTR Illinois, LLC’s request for a Class 6b property tax incentive for special circumstances and substantial rehabilitation for an industrial building located at 200 East Oakton Street, Des Plaines, Illinois. The applicant intends to lease the property to Motor Coach Industries (MCI) for the warehousing and distribution of its motor coaches and motor coach parts and supplies as well as service and maintenance of its motor coaches. KTR Illinois, LLC requests approval of the tax incentive based on the special circumstances that the property has been vacant for more than 24 months; there has been no purchase for value; and substantial rehabilitation will be completed under the Class 6b Ordinance. This Resolution is required so that the company can complete its application to the Assessor of Cook County. Submitting a Proposed Resolution sponsored by TONI PRECKWINKLE, President and ELIZABETH “LIZ” DOODY GORMAN, Courecommend for approvalPass Action details Video Video
13-1399 2 7040 N. Lawndale Building LLC Class 6bResolutionTransmitting a Communication, dated August 23, 2013 from HERMAN BREWER, Chief, Bureau of Economic Development respectfully submitting this Resolution regarding 7040 North Lawndale Building, LLC’s request for a Class 6b property tax incentive for special circumstances and substantial rehabilitation for an industrial building located at 5540 Meadowbrook Industrial Court, Rolling Meadows, Illinois. The applicant intends to lease over 33% of the property to ATS Sortimat USA, LLC for the manufacturing, warehousing and distribution of high quality custom assembly machinery. The remaining portion of the building will be leased to an industrial user. 7040 North Lawndale Building, LLC requests approval of the tax incentive based on the special circumstances that the property has been vacant for less than 24 months; there has been no purchase for value; and substantial rehabilitation will be completed under the Class 6b Ordinance. This Resolution is required so that the company can complete its application to the Assessor of Cook County. Submitting a Proposed Resolution sponsorerecommend for approvalPass Action details Video Video
13-1407 2 Real Property Classification 8 for property located at 548 East 162nd Street, South HollandResolutionTransmitting a Communication, dated August 23, 2013 from HERMAN BREWER, Chief, Bureau of Economic Development respectfully submitting this Resolution regarding Brian J. Kamstra's request for a Class 8 property tax incentive for special circumstances and substantial rehabilitation for a commercial condominium unit located at 548 East 162nd Street, South Holland, Illinois. The applicant intends to purchase this unit and remodel the unit for use as a commercial retail store. Brian J. Kamstra requests approval of the tax incentive based on the special circumstances that the property has been vacant for less than 24 months; is being purchased for value; and substantial rehabilitation will be completed under the Class 8 Ordinance. The subject property’s location in Thornton Township helps qualify its eligibility for Class 8 as it is in one of the five pre-determined communities automatically eligible for Class 8. This Resolution is required so that the company can complete its application to the Assessor of Cook County. Submitting a Proposed Resolution sponsored by TONI PRECrecommend for approvalPass Action details Video Video