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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: 10/23/2013 9:30 AM Minutes status: Final  
Meeting location: Cook County Building, Board Room, 569 118 North Clark Street, Chicago, Illinois
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments:
File #Ver.Agenda #NameTypeTitleMotionResultAction DetailsVideo
13-1704 3 Thomas Molk / Old Derby LLCResolutionPROPOSED RESOLUTION Thomas Molk/Old Derby LLC Class 6B Property Tax Incentive request Respectfully submitting this resolution regarding Thomas Molk / Old Derby LLC’s request for a Class 6b property tax incentive for special circumstances for an industrial building located at 7200 W. 66th Street, Bedford Park, Illinois. This property is located in your District. The applicant intends to occupy the property as Thomas Sales & Marketing for the warehousing and distribution of electrical products to wholesale businesses. Thomas Molk / Old Derby LLC 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. 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 industriarecommend for approvalPass Action details Video Video
13-1705 2 GHP Group, Inc. Class 6bResolutionPROPOSED RESOLUTION GHP Group, Inc. Class 6B Property Tax Incentive Request Respectfully submitting this resolution regarding GHP Group, Inc.’s request for a Class 6b property tax incentive for special circumstances and substantial rehabilitation for an industrial building located at 6440 West Howard Street, Niles, Illinois. The applicant intends to occupy the building for the manufacturing, warehousing and distribution of seasonal consumer goods sold in national home improvement centers. GHP Group, Inc. 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. 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 industrial facility; and WHEREAS, the Counrecommend for approvalPass Action details Video Video
13-1709 2 120 Palatine, LLC 6b requestResolutionPROPOSED RESOLUTION 120 Palatine, LLC’s for a Class 6b property tax incentive REQUEST Respectfully submitting this resolution regarding 120 Palatine, LLC’s request for a Class 6b property tax incentive for special circumstances and substantial rehabilitation for an industrial building located at 120 West Palatine, Illinois. This property is located in your District. The applicant intends to lease a portion of the property to Hot Mama’s Food for the warehousing and distribution of food products. 120 Palatine, 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 a 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. 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 industrial facility; and WHERErecommend for approvalPass Action details Video Video
13-1715 1 Realty Associates Fund VII, L.P.ResolutionPROPOSED RESOLUTION Realty Associates Fund VII, L.P. class 6b property tax incentive respectfully submitting this resolution regarding Realty Associates Fund VII, L.P.’s request for a Class 6bproperty tax incentive for special circumstances for an industrial building located at 800 Albion Avenue, Schaumburg, Illinois. This property is located in your District. The applicant intends to lease to the property to 3D Exhibits an exhibit and events services company for warehousing and programing of interactive software. Realty Associates Fund VII, L.P. 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. PROPOSED RESOLUTION WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the recommend for approvalPass Action details Video Video