Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 9/13/2016 1:00 PM Minutes status: Final  
Meeting location: Cook County Building, Board Room 118 North Clark Street, Chicago, Illinois
Public Hearing
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments: Business & Eco Dev Public Hearing Speakers List 9-13-16 final.pdf
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16-4643 1 Tax Incentive Ordinance AmendmentOrdinance AmendmentPROPOSED SUBSTITUTE TO FILE ID #16-4643 PROPOSED ORDINANCE AMENDMENT TAX INCENTIVE ORDINANCE AMENDMENT BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 74 TAXATION, ARTICLE II REAL PROPERTY TAXATION, DIVISION 2 CLASSIFICATION SYSTEM FOR ASSESSMENT, Sec. 74-62 of the Cook County Code is hereby amended as follows: Sec. 74-62. - System established; terms defined. (a) Established. The County hereby establishes the system of classifying real estate for the purposes of assessment for taxation set forth in this division. (b) Definitions. The following words, terms and phrases, when used in this division, shall have the meanings ascribed to them in this Section, except where the context clearly indicates a different meaning: Abandoned property means, except as otherwise specified in Section 74-63, buildings and other structures that, after having been vacant and unused for at least 24 continuous months, have been purchased for value by a purchaser in whom the seller has no direct financial interest. Purchase of value shall include all transacno action taken  Action details Not available