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Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 3/14/2018 10:30 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: newcufaccookcountyappeal1.pdf, Public Comment BED mtg 3-14-18.pdf
File #Ver.Agenda #NameTypeTitleMotionResultAction DetailsVideo
18-2445 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 2/7/2018approvePass Action details Not available
17-6085 1 KTR ILL, LLC D.B.A. PROLOGIS 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) No Purchase for Value TEERMPROPOSED RESOLUTION KTR ILL, LLC D.B.A. PROLOGIS 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: KTR ILL, LLC d.b.a. Prologis Address: 514-532 S. Hicks Road, Palatine, Illinois Municipality or Unincorporated Township: Village of Palatine Cook County District: 14 Permanent Index Number: 02-23-313-037-0000 Municipal Resolution Number: Village of Palatine, Resolution No. R-22-17 Number of month property vacant/abandoned: 13 months vacant Special circumstances justification requested: Yes TEERM (TEMPORARY EMERGENCY ECONOMIC RECOVERY MODIFICATION (Vacant for more than 12 months but less than 24 months - No Purchase for Value) Justification: Yes Estimated Number of jobs created by this project: None Estimated Number of jobs retained at this location: 30 full-time jobs Estimated Number of employees in Cook County: Same as above Estimated Number of construction jobsrecommend for approvalPass Action details Not available
18-1974 1 THE MARVEL GROUP CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)Resolution (Class 6B) SERPROPOSED RESOLUTION THE MARVEL GROUP 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: The Marvel Group Address: 3843 W. 43rd Street; 4417 S. Springfield Avenue, Chicago, Illinois 60632 Length of time at current location: 66 Years Length of time property under same ownership: 66 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 72 years Municipality or Unincorporated Township: City of Chicago Cook County District: 16 Permanent Index Number(s): 19-02-301-003-0000; 19-02-301-008-0000;19-02-301-009-0000; 19-02-301-011-0000; 19-02-301-012-0000; 19-02-301-014-0000 and 19-02-303-036-0000 Municipal Resolution Number: City of Chicago Resolution approved January 5, 2018 Evidence of Economic Hardship: Yes Number of blighting factors associated witrecommend for approvalPass Action details Not available
18-1978 1 AP Asset Management LLC, Bedford Park, IllinoisResolution (Class 6B) SERPROPOSED RESOLUTION AP ASSET MANAGEMENT LLC 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: AP Asset Management LLC Address: 5570 W. 70th Place, Bedford Park, Illinois Length of time at current location: 25 years Length of time property under same ownership: 25 Years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 37 Years Municipality or Unincorporated Township: Bedford Park Cook County District: 11 Permanent Index Number(s): 19-21-301-018-0000 and 19-21-301-019-0000 Municipal Resolution Number: Village of Bedford Park, Resolution No. 17-026 approved August 10, 2017 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Deterioration - The building’s roof needs repair along with improvements to the exterrecommend for approvalPass Action details Not available