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Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 2/8/2017 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: REVISED PROPOSED AMENDMENT TO FILE 17-0293 Business and Economic Development Committee.pdf
File #Ver.Agenda #NameTypeTitleMotionResultAction DetailsVideo
17-1584 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 1/18/2017approvePass Action details Video Video
17-1037 1 DNJ Properties, LLC 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION DNJ PROPERTIES, 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: DNJ Properties, LLC Address: 7720 W. 60th Place, Summit, Illinois Municipality or Unincorporated Township: Village of Summit Cook County District: 16 Permanent Index Number: 18-13-303-036-0000 and 18-13-303-040-0000 Municipal Resolution Number: Resolution Number16-O-19 Number of month property vacant/abandoned: 16 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: Four (4) full-time jobs created Estimated Number of jobs retained at this location: 11full-time jobs retained Estimated Number of employees in Cook County: same as retained Estimated Number of construction jobs: Three (3) -four (4) construction jobs Proposed use of property: Warehousing and distribution Living Wage Ordinance Compliance Afrecommend for approvalPass Action details Video Video
17-1038 1 Corbit 1590 Touhy Ave. LLC 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION CORBIT 1590 TOUHY AVE. 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: Corbit 1590 Touhy Ave. LLC Address: 1590 Touhy Avenue, Elk Grove Village, Illinois Municipality or Unincorporated Township: Elk Grove Cook County District: 15 Permanent Index Number: 08-27-402-015-0000 Municipal Resolution Number: Resolution Number 42-15 Number of month property vacant/abandoned: Three (3) months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 10-30 within the next 3 years Estimated Number of jobs retained at this location: 30 full-time jobs retained Estimated Number of employees in Cook County: See jobs retained Estimated Number of construction jobs: 20 - 30 construction jobs Proposed use of property: Fabrication, warehousing and distribution Living Wage Ordinance Compliance Arecommend for approvalPass Action details Video Video
17-1039 1 Steven Michael Properties, LLC 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION STEVEN MICHAEL PROPERTIES, 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: Steven Michael Properties, LLC Address: 1251-53 Pagni Dr., Elk Grove Village, Illinois Municipality or Unincorporated Township: Elk Grove Cook County District: 15 Permanent Index Number: 08-22-400-034-0000 Municipal Resolution Number: Resolution Number 6-16 Number of month property vacant/abandoned: 10 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: Three (3) - 18 jobs within the first three (3) years Estimated Number of jobs retained at this location: Four (4) full-time and six (6) part-time jobs Estimated Number of employees in Cook County: same as above Estimated Number of construction jobs: 10-15 construction jobs Proposed use of property: Light assembly, warehouse and distribution recommend for approvalPass Action details Video Video
17-1125 1 RESOLUTION OF THE COOK COUNTY COMMISSION ON SOCIAL INNOVATION CALLING ON A FEASIBILITY STUDY OF CROSS-RAIL CHICAGOResolutionPROPOSED RESOLUTION RESOLUTION OF THE COOK COUNTY COMMISSION ON SOCIAL INNOVATION CALLING ON A FEASIBILITY STUDY OF CROSS-RAIL CHICAGO WHEREAS, the Cook County Commission on Social Innovation was established via ordinance, April of 2016, and codified as Chapter 14, Article IX Sections 14-89 to 14-97 to develop policy recommendations for the Cook County Board of Commissioners on matters related to economic development that address divestment and or disinvestment in areas within the Cook County region; and WHEREAS, the Commission has found through the Cook County Long Range Transportation Plan that improved and expanded passenger train service is essential to maintain Cook County’s economic vitality and allow for increased growth and prosperity; and WHEREAS, finding major transportation projects that can unite the county’s economy, by linking business centers to housing centers, convention centers and tourism destinations in order to connect disconnected populations should take precedence; and WHEREAS, Cook County has ceased the diversion of Motor Fuel Tax funds; and recommend 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 Not available