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Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 1/18/2017 9:30 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
17-1139 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 12/14/2016approvePass Action details Video Video
17-0453 1 ASHLAND DOOR SOLUTIONS LLC 6BResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION ASHLAND DOOR SOLUTIONS LLC OR ITS ASSIGNEE 6B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information: Applicant: Ashland Door Solutions LLC or its Assignee Address: 185 Martin Lane, Elk Gove Village, Illinois 60007 Municipality or Unincorporated Township: Elk Grove Village Cook County District: 15 Permanent Index Number: 08-22-301-059-0000 Municipal Resolution Number: 25-15, approved May 12, 2015 Number of month property vacant/abandoned: 2 months at time of application to BED 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: 12 full-time, 0 part-time Estimated Number of construction jobs: 3-6 Proposed use of property: Industrial-Manufacturing, warehousing, drecommend for approvalPass Action details Video Video
17-0469 1 MICHAEL A. MARTIN AND ROBERT J. TALERICO 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION MICHAEL A. MARTIN AND ROBERT J. TALERICO 6B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information: Applicant: Michael A. Martin and Robert J. Talerico Address: 7224 West 60th Street, Summit, Illinois 60501 Municipality or Unincorporated Township: Summit Cook County District: 16 Permanent Index Number: (3) PINs: 18-13-302-009-0000; 18-13-302-010-0000; 18-13-408-006-0000 Municipal Resolution Number: Ordinance 16-O-16 approved September 1, 2016 Number of month property vacant/abandoned: 9 months at time of application to BED Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 35 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: 210 full-time, 0 part-time Estimated Number of construction jobs: 50 Proposed use of prorecommend for approvalPass Action details Video Video
17-0491 1 920 VENTURE LLC OR ITS ASSIGNEE 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION 920 VENTURE LLC OR ITS ASSIGNEE 6B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information: Applicant: 920 Venture LLC or its Assignee Address: 920 West Pershing Road, Chicago, Illinois 60609 Municipality or Unincorporated Township: Chicago Cook County District: 11 Permanent Index Number: 17-32-421-007-0000 Municipal Resolution Number: City of Chicago Resolution, approved 7/20/2016 Number of month property vacant/abandoned: 14 months at time of application to BED Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 30 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: 106 Estimated Number of construction jobs: 25 Proposed use of property: Industrial-warehousing Living Wage Ordinance Compliance Affidavit Providerecommend for approvalPass Action details Video Video
17-0517 1 15300 SOUTH CICERO AVE. INC. CLASS 8 PROPERTY TAX INCENTIVE REQUESTResolution (Class 8) No Purchase for ValuePROPOSED RESOLUTION 15300 SOUTH CICERO AVE. INC. 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: 15300 South Cicero Ave Inc. Address: 15300 South Cicero Avenue, Oak Forest, Illinois Municipality or Unincorporated Township: Village of Oak Forest Cook County District: District 6 Permanent Index Number: 28-16-2085-0000 Municipal Resolution Number: Village of Oak Forest Resolution No. 2016-06-0291R Number of month property vacant/abandoned: 19 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: Two (2) full-time and two (2) part-time jobs Estimated Number of jobs retained at this location: None Estimated Number of employees in Cook County: 30 full-time and 30 part-time jobs Estimated Number of construction jobs: Four (4) construction jobs Proposed use of property: Commercial use Showroom roorecommend for approvalPass Action details Video Video
17-0518 1 HUDSON AVENUE CAPITAL, LLC 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION HUDSON AVENUE CAPITAL, LLC 6B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information: Applicant: Hudson Avenue Capital, LLC Address: 3999 N. 25th Avenue, Schiller Park, Illinois Municipality or Unincorporated Township: Village of Schiller Park Cook County District: District 9 Permanent Index Number: 12-21-201-007-0000 Municipal Resolution Number: Village of Schiller Park Resolution No. 17-16 Number of month property vacant/abandoned: 14 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 12 full-time jobs Estimated Number of jobs retained at this location: 28 full-time jobs Estimated Number of employees in Cook County: Same as retained Estimated Number of construction jobs: 15-25 construction jobs Proposed use of property: Manufacturing, Warehousing and Distribution Living Wage Ordinance Comrecommend for approvalPass Action details Video Video
17-0519 1 HUNTER FOUNDRY MACHINERY CORPORATION CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)Resolution (Class 6B) SERPROPOSED RESOLUTION HUNTER FOUNDRY MACHINERY CORPORATION CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER) WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) application containing the following information: Applicant: Hunter Foundry Machinery Corporation Address: 2222 Hammond Drive, Schaumburg, Illinois Length of time at current location: 47 Years Length of time property under same ownership: 47 Years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 48 Years Municipality or Unincorporated Township: Village of Schaumburg Cook County District: District 14 Permanent Index Number(s): 02-34-300-019-0000 Municipal Resolution Number: Village of Schaumburg Resolution No. R-16-075 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Three (3) Dilapidation; Obsolescence and Deterioration Has justification for the Crecommend for approvalPass Action details Video Video
17-0521 1 LANSING HOLDINGS LLC CLASS 8 PROPERTY TAX INCENTIVE REQUESTResolution (Class 8) No Purchase for ValuePROPOSED RESOLUTION LANSING HOLDINGS 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: Lansing Holdings LLC Address: 17425 Torrence Avenue, Lansing, Illinois Municipality or Unincorporated Township: Village of Lansing Cook County District: District 4 Permanent Index Number: 30-30-305-036-0000 Municipal Resolution Number: Village of Lansing Resolution No. 971 Number of month property vacant/abandoned: Five (5) months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 20 full-time jobs Estimated Number of jobs retained at this location: None Estimated Number of employees in Cook County: None Estimated Number of construction jobs: 25-35 construction jobs Proposed use of property: Commercial retail Living Wage Ordinance Compliance Affidavit Provided: Not applicable WHEREAS, the Cookrecommend for approvalPass Action details Video Video
17-0293 1 TAX INCENTIVE ORDINANCE AMENDMENTOrdinance AmendmentPROPOSED 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. 74-60 through 74-73 of the Cook County Code is hereby amended as follows: Sec. 74-60. - Short title. Sec. 74-61. - Purpose. Sec. 74-62. - System established; terms defined. Sec. 74-63. - Assessment classes. Sec. 74-64. Market value percentages. Sec. 74-65. - Qualifications for commercial development project status. Sec. 74-66. Property in two or more classes. Sec. 74-67. - Assessor's status and progress report. Sec. 74-68. Classification system to apply with tax assessment year. Sec. 74-69. - Applicable assessment level. Sec. 74-70. - Class 8a and 8b designation/assessment class. Sec. 74-71. - Definition. Laws regulating the payment of wages. Sec. 74-73 Revocation or cancellation of incentive classification. Secs. 74-752. - Compliance with Laws. Sec. 74-743. - Revocation or cancellation ofrecommend for deferral  Action details Video Video