Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 2/19/2019 11:05 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: To comment on an item at this meeting, click here., Public Testimony Forms - Business Economic Development Committee 2-19-19.pdf
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19-1889 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 1/22/2019approvePass Action details Video Video
19-1277 1 HOG SHED VENTURES LLC 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION HOG SHED VENTURES 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: Hog Shed Ventures LLC Address: 830 West 40th Street, Chicago, Illinois 60607 Municipality or Unincorporated Township: City of Chicago Cook County District: 11 Permanent Index Number: 20-05-200-039-0000; 20-05-200-152-0000 and 20-05-200-151-0000 Municipal Resolution Number: City of Chicago, Resolution approved October 31, 2018 Number of month property vacant/abandoned: 18 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 25 full-time jobs Estimated Number of jobs retained at this location: 55 full-time jobs and 20 part-time jobs Estimated Number of employees in Cook County: same as above Estimated Number of construction jobs: # full-time, # part-time Proposed use of property: Industrial use - warehouse and recommend for approvalPass Action details Video Video
19-1280 1 BALANSTAR CORPORATION 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION BALANSTAR CORPORATION 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: BalanStar Corporation Address: 170 Lively Blvd., Elk Grove Village, Illinois Municipality or Unincorporated Township: Elk Grove Village Cook County District: 15 Permanent Index Number: 08-22-402-040-0000; 08-22-402-041-0000 and 08-22-402-042-0000 Municipal Resolution Number: Village of Elk Grove Resolution No. 67-17 Number of month property vacant/abandoned: Six (6) months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: Two (2) - five (5) full-time jobs Estimated Number of jobs retained at this location: 10 full-timejobs Estimated Number of employees in Cook County: Same as above Estimated Number of construction jobs: 15-20 construction jobs Proposed use of property: Industrial use - manufacturing, warehousing recommend for approvalPass Action details Video Video
19-1281 1 MASTERPIECE ACQUISITIONS, LLC 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION MASTERPIECE ACQUISITIONS, 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: Masterpiece Acquisitions, LLC Address: 340 Howard Avenue, Des Plaines, Illinois Municipality or Unincorporated Township: Des Plaines Cook County District: 17 District Permanent Index Number: 09-30-101-024-0000 Municipal Resolution Number: City of Des Plaines, Resolution No. R-153-18 Number of month property vacant/abandoned: Four (4) months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: Two (2) - five (5) full-time jobs Estimated Number of jobs retained at this location: 23 full-time jobs, one (1) part-time job Estimated Number of employees in Cook County: Same as above Estimated Number of construction jobs: 40-50 construction jobs Proposed use of property: Industrial use - warehousing and distributiorecommend for approvalPass Action details Video Video
19-1311 1 ASHLAND LLC CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)Resolution (Class 6B) SERPROPOSED RESOLUTION ASHLAND 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: Ashland LLC Address: 14200 South Paxton Avenue, Calumet City, Illinois 60409 Length of time at current location: 30 years Length of time property under same ownership: 65 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): Average of 30 years old Municipality or Unincorporated Township: Thornton Cook County District: 4 Permanent Index Number(s): (6) PINs: 29-01-100-004-0000; 29-01-200-007-0000; 29-01-300-001-0000; 29-01-400-005-0000; 29-01-400-019-0000; 29-01-400-022-0000 Municipal Resolution Number: Resolution 18-41 approved August 9, 2018 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: 4-Dilapidation, Obsolescence, Prrecommend for approvalPass Action details Video Video
19-1382 1 ESTABLISHING THE COOK COUNTY COMMISSION ON SOCIAL INNOVATION FOR JOB CREATION, WORKFORCE DEVELOPMENT, ENTREPRENEURSHIP, COMMUNITY REVITALIZATION, AND INDUSTRIAL DEVELOPMENTOrdinance AmendmentPROPOSED ORDINANCE AMENDMENT ESTABLISHING THE COOK COUNTY COMMISSION ON SOCIAL INNOVATION FOR JOB CREATION, WORKFORCE DEVELOPMENT, ENTREPRENEURSHIP, COMMUNITY REVITALIZATION, AND INDUSTRIAL DEVELOPMENT WHEREAS, the municipalities throughout Cook County, including inner-city Chicago and those comprising the Chicago Southland, are facing high unemployment and other economic challenges; and WHEREAS, high levels of economic distress in the aforementioned areas have been reported in the Distressed Community Index from Washington D.C. based, Economic Innovation Group, that shows high levels of inequality; and WHEREAS, people throughout Cook County are urgently seeking knowledge-based, innovation-driven solutions to social problems relating to education, health care, unemployment, and poverty. NOW, THEREFORE, BE IT ORDAINED, by the Cook County Board of Commissioners that Chapter 14 Community Development, Article IX, sections 14-89 through 14-97 of the Cook County Code, is hereby enacted as follows: Sec. 14-89. Short title This chapter shall be known and may be cited asrecommend for approvalPass Action details Video Video