Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 6/7/2016 9:15 AM 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
16-3619 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 5/11/2016recommend for approvalPass Action details Video Video
16-2923 1 ES REALTY OLYMPIA FIELDS LLC CLASS 8 PROPERTY TAX INCENTIVE REQUESTResolution (Class 8) Purchase for ValuePROPOSED RESOLUTION ES REALTY OLYMPIA FIELDS 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: ES Realty Olympia Fields LLC Address: 2520 Lincoln Highway, Olympia Fields, Illinois 60461 Municipality or Unincorporated Township: Olympia Fields Cook County District: 5 Permanent Index Number: 31-24-401-014-0000 Municipal Resolution Number: 2015-18 Number of month property vacant/abandoned: 19 months at time of application Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 8 full-time, 0 part-time Estimated Number of jobs retained at this location: 0 full-time, 0 part-time Estimated Number of employees in Cook County: 0 full-time, 0 part-time Estimated Number of construction jobs: Not provided Proposed use of property: Commercial-retail, service or restaurant users Living Wage Ordinance Compliance Arecommend for approvalPass Action details Video Video
16-2924 1 SIMONE KAPOVICH/S&J CONSTRUCTION CLASS 8 PROPERTY TAX INCENTIVE REQUESTResolution (Class 8) No Purchase for ValuePROPOSED RESOLUTION SIMONE KAPOVICH/S&J CONSTRUCTION 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: Simone Kapovich/ S&J Construction Address: 16823 State Street and 61 East 168th Street, South Holland, 60473 Municipality or Unincorporated Township: South Holland Cook County District: 6 Permanent Index Number: (3) PINs: 29-22-302-016-0000; 29-22-302-017-0000; 29-22-302-041-0000 Municipal Resolution Number: South Holland Resolution approved December 7, 2015 Number of month property vacant/abandoned: 26 months Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 18 full-time, 0 part-time Estimated Number of jobs retained at this location: 0 full-time, 0 part-time Estimated Number of employees in Cook County: 0 full-time, 0 part-time Estimated Number of construction jobs: N/A Proposed use of property: Indurecommend for approvalPass Action details Video Video
16-2959 1 Mr. Bult’s Inc. (MBI) CLASS 8 PROPERTY TAX INCENTIVE REQUESTResolutionPROPOSED RESOLUTION Mr. Bult’s Inc. (MBI) 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: Mr. Bult’s Inc. (MBI) Address: 13820 South Marquette, Burnham, Illinois Municipality or Unincorporated Township: Burnham Cook County District: 4th Permanent Index Number: 30-06-102-023-0000; 30-06-102-024-0000; 30-06-102-026-0000; 30-06-102-027-0000; 30-06-102-028-0000 and 30-06-102-029-0000 Municipal Resolution Number: Village of Burnham, Resolution Number 2014-R-011 Number of month property vacant/abandoned: December 1, 2013 thru February 19, 2014 (Assessor’s application date) 2 months the property was vacant an additional 22 months after the application date. Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 5 full-time Estimated Number of jobs retained at this location: 165 full-time Estimated Number of employees in recommend for approvalPass Action details Video Video
16-3163 1 Ammendment to Previously Approved Item 14-0099 for HUD 108 programAmendment to a Previously Approved ItemPROPOSED PREVIOUSLY APPROVED ITEM AMENDMENT Department: Bureau of Economic Development Request: Amend a previously approved item Item Number: 14-0099 Fiscal Impact: N/A Account(s): N/A Original Text of Item: proposed ordinance An Ordinance authorizing Cook County through its Bureau of Economic Development to establish Program Fees for various BUILT in Cook Loan Programs. WHEREAS, the Cook County Board of Commissioners on April 17, 2013 approved a Resolution authorizing the Bureau of Economic Development to accept the U.S. Department of Housing and Urban Development (HUD) Section 108 Loan Guarantee financing which will launch the BUILT (Broadening Urban Investment to Leverage Transportation) in Cook Loan Fund in an amount not to exceed $30 million dollars; and WHEREAS, this financing will provide Cook County (County) through the Bureau of Economic Development with the lending authority to support sustainable economic development for the benefit of low- and moderate-income individuals; and WHEREAS, the Section 108 program is administeredrecommend for approvalPass Action details Video Video