Share to Facebook Share to Twitter Bookmark and Share
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: 10/7/2014 12:15 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:
File #Ver.Agenda #NameTypeTitleMotionResultAction DetailsVideo
14-5066 1 MLRP 11039 Gage, LLCResolutionPROPOSED RESOLUTION MLRP 11039 GAGE, LLC 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 MLRP 11039 Gage, LLC and Resolution No. 1314 R 27 from the Village of Franklin Park for an abandoned industrial facility located at 11039 Gage Street, Franklin Park, Cook County, Illinois, Cook County District 17, Permanent Index Number 12-20-300-043-0000; 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 level of assessment from the date that new constructiorecommend for approvalPass Action details Not available
14-5067 1 RCM Leasing, Inc. 6bResolutionPROPOSED RESOLUTION RCM LEASING, INC. 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 RCM Leasing, Inc. and Resolution No. 5-14 from the Village of Elk Grove Village for an abandoned industrial facility located at 135-139 Joey Drive, Elk Grove Village, Cook County, Illinois, Cook County District 17, Permanent Index Number 08-22-301-062-0000; 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 level of assessment from the date that new construction or recommend for approvalPass Action details Not available
14-5068 1 STS Crestwood, LLCResolutionPROPOSED RESOLUTION STS CRESTWOOD, LLC 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 STS Crestwood, LLC and Resolution No. 985-14 from the Village of Crestwood for an abandoned commercial facility located at 13661 S. Cicero Ave, Crestwood, Cook County, Illinois, Cook County District 6, and Permanent Index Number 28-03-100-110-0000; 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 assessment from the date that new construction or rehabilitarecommend for approvalPass Action details Not available
14-5074 1 Meade Electric Inc Class 6bResolutionPROPOSED RESOLUTION MEADE ELECTRIC, INC. 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 Meade Electric, Inc. and Resolution No. R2014-355 from the City of Chicago for an abandoned industrial facility located at 6850 West 62nd Street, Chicago, Cook County, Illinois, Cook County District 11, Permanent Index(s) 19-18-303-005-0000; 19-18-303-006-00000; 19-18-303-007-0000; 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 level of assessment from the date trecommend for approvalPass Action details Not available
14-5076 1 Ackley Holdings LLC 6bResolutionPROPOSED RESOLUTION ACKLEY HOLDINGS, LLC 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 Ackley Holdings, LLC and Resolution No. 43-14 from the Village of Melrose Park for an abandoned industrial facility located at 1950 North Mannheim Road, Melrose Park, Cook County, Illinois, Cook County District 16, Permanent Index Numbers 12-32-403-028-0000, 12-32-403-020-0000; 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 level of assessment from the date that recommend for approvalPass Action details Not available
14-5080 1 DO & CO Holdings USA, Inc. or Its Assignee Class 6bResolutionPROPOSED RESOLUTION DO & CO HOLDINGS USA, INC. OR ITS ASSIGNEE 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 DO & CO Holdings USA, Inc. or Its Assignee and Resolution No. R-89-14 from the City of Des Plaines for an abandoned industrial facility located at 2150 Frontage Road, Des Plaines, Cook County, Illinois, Cook County District 17, Permanent Index Number 09-29-415-001-0000; 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 level of assessment frecommend for approvalPass Action details Not available
14-5081 1 MGMC Property, LLC Class 6bResolutionPROPOSED RESOLUTION MGMC PROPERTY, LLC 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 MGMC Property, LLC or its assignee and Resolution No. 14-47 from the Village of Wheeling for an abandoned industrial facility located at 100 Shepard Avenue, Wheeling, Cook County, Illinois, Cook County District 14, Permanent Index Number 03-11-305-012-0000 and 03-11-305-022-0000; 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 level of assessment from the datrecommend for approvalPass Action details Not available
14-5096 1 Cal Sag Historic Waterways IGAIntergovernmental Agreement AmendmentPROPOSED INTERGOVERNMENTAL AGREEMENT AMENDMENT Department: Planning and Development (Bureau of Economic Development) Other Part(ies): Village of Alsip, City of Blue Island, Village of Robbins, Village of Calumet Park, Village of Dixmoor, County of Cook Request: Amendment to IGA to extend the expiration date to align with the date of termination of the zone and change in fee structure. Goods or Services: Administration of the Enterprise Zone Agreement Number: N/A Agreement Period: Original agreement June 1991 through July 2015. Agreement period now ends at the termination of the Cal Sag Historic Waterways Enterprise Zone. Fiscal Impact: None Accounts: N/A Summary: An update of the intergovernmental agreement is required due to recent legislative changes in Springfield to the Enterprise Zone program. The changes consist of an update of the fee structure for Enterprise Zone projects and the change of termination date. See attachment.recommend for approvalPass Action details Not available
14-5103 1 9201 King Street Partners LLC or its assigneeResolutionPROPOSED RESOLUTION 9201 KING STREET PARTNERS LLC OR ITS ASSIGNEE 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 9201 King Street Partners LLC or its assignee and Resolution No. 14-R-3 from the Village of Franklin Park for an abandoned industrial facility located at 9201King Street, Franklin Park, Cook County, Illinois, Cook County District 16, Permanent Index Number 15-12-22-308-012-0000; 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 leverecommend for approvalPass Action details Not available
14-5111 1 Vincent Muniz Class 8ResolutionPROPOSED RESOLUTION VINCENT MUNIZ 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 Vincent Muniz and Resolution No. R-2013-11 from the Village of Maywood for an abandoned commercial facility located at 600 Lake Street, Maywood, Cook County, Illinois, Cook County District 1, and Permanent Index Number 15-11-134-014-0000 and 15-11-134-015-0000; 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 assessment from the date that new construction or rrecommend for approvalPass Action details Not available