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14-4228
| 1 | | VK 6969 West 73rd, LLC or its Assignee | Resolution | PROPOSED RESOLUTION
VK 6969 WEST 73RD, LLC OR ITS ASSIGNEE 6B PROPERTY TAX INCENTIVE REQUEST
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 County Board of Commissioners has received and reviewed an application from VK 6969 West 73rd, LLC or its Assignee and Resolution No. 13-010 from the Village of Bedford Park for an abandoned industrial facility located at 6969 West 73rd Street, Bedford Park, Cook County, Illinois, Cook County District 11, Permanent Index Number 19-30-116-025-0000; and
WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and
WHEREAS; industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can receive a significant red | recommend for approval | Pass |
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14-4230
| 1 | | Market Properties Incorporated | Resolution | PROPOSED RESOLUTION
MARKET PROPERTIES INCORPORATED 6B PROPERTY TAX INCENTIVE REQUEST
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 County Board of Commissioners has received and reviewed an application from Market Properties Incorporated and a Resolution from the City of Chicago for an abandoned industrial facility located at 501 N. Sacramento Blvd., Chicago, Cook County, Illinois, Cook County District 1, Permanent Index Numbers 16-12-113-032-0000 and 16-12-113-005-0000; and
WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and
WHEREAS, industrial real estate is normally assessed at 25% of its market value. Qualifying industrial real estate eligible for the Class 6b can receive a significant reduction in t | recommend for approval | Pass |
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14-4231
| 1 | | Forty-Seven, LLC | Resolution | PROPOSED RESOLUTION
FORTY-SEVEN, LLC 6B PROPERTY TAX INCENTIVE REQUEST
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 County Board of Commissioners has received and reviewed an application from Forty-Seven, LLC and Resolution No R14-009 from the Village of Arlington Heights for an abandoned industrial facility located 3727 Ventura Drive, Arlington Heights, Cook County, Illinois, Cook County District 14, Permanent Index Number 03-06-304-007-0000 ad03-06-304-016-0000; and
WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and
WHEREAS, industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can receive a significant reduction in the leve | recommend for approval | Pass |
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14-4233
| 1 | | Randall Vroom | Resolution | PROPOSED RESOLUTION
RANDALL VROOM CLASS 8 PROPERTY TAX INCENTIVE REQUEST
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 a commercial facility; and
WHEREAS, the County Board of Commissioners has received and reviewed an application from Randall Vroom and Resolution No. 2012-R-11 from the Village of South Chicago Heights for an abandoned commercial facility located at 82 East Sauk Trail, South Chicago Heights, Cook County, Illinois, Cook County District 6, and Permanent Index Number 32-33-101-034-0000; and
WHEREAS, Cook County has defined abandoned property as buildings and other structures that, after having been vacant and unused for at least 24 months, are purchased for value by a purchaser in whom the seller has no direct financial interest; and
WHEREAS, industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 8 can receive a significant reduction in the level of asse | recommend for approval | Pass |
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14-4275
| 1 | | AN AMENDMENT TO THE CAL-SAG HISTORIC WATERWAYS ENTERPRISE ZONE | Ordinance Amendment | PROPOSED ORDINANCE AMENDMENT
AN AMENDMENT TO THE CAL-SAG HISTORIC WATERWAYS ENTERPRISE ZONE
BE IT ORDAINED, by the Cook County Board of Commissioners that Chapter 14. Community Development, Article III. Cal-Sag Historic Waterways Enterprise Zone, Section 14-23. Programs Established, Section 14-25. Duration of Zone, and Section 14-27. Enterprise Zone fee, are hereby amended as follows:
Sec. 14-21. Establishment of enterprise zone.
(a) The Board of Commissioners hereby establishes inclusion in the Cal-Sag Historic Waterways Enterprise Zone in accordance with the Enterprise Zone Act (20 ILCS 655/1 et seq.). The Enterprise Zone, as amended, is established in cooperation with the City of Blue Island, the Villages of Alsip and Robbins, as certified by the Illinois Department of Commerce and Community Affairs, now known as the Illinois Department of Commerce and Economic Opportunity (IDCEO) on July 1, 1985, and amended on April 5, 1990, to include the Villages of Calumet Park and Dixmoor, and again on November 15, 1991, to include Cook County, and again on September 30, 1992, to in | recommend for approval | Pass |
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