Meeting date/time:
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3/19/2019
11:15 AM
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Minutes status:
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Final
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Meeting location:
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Cook County Building, Board Room
118 North Clark Street, Chicago, Illinois
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19-2319
| 1 | | | Committee Minutes | COMMITTEE MINUTES
Approval of the minutes from the meeting of 02/19/2019. | approve | Pass |
Action details
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Video
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19-1767
| 1 | | 7415 ST. LOUIS LLC 6B PROPERTY TAX INCENTIVE REQUEST | Resolution (Class 6B) Purchase for Value | PROPOSED RESOLUTION
7415 ST. LOUIS 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: 7415 St. Louis LLC
Address: 10 Davis Drive, Bellwood, Illinois 60104
Municipality or Unincorporated Township: Village of Bellwood
Cook County District: 1
Permanent Index Number: 15-08-101-061-0000
Municipal Resolution Number: Village of Bellwood, Resolution Number 18-61
Number of month property vacant/abandoned: 80% of the building has been vacant since 3/1/2014 the building was 100% vacant for 10 days prior to purchase
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 15 full-time jobs and four (4) part-time jobs
Estimated Number of jobs retained at this location: Not applicable
Estimated Number of employees in Cook County: Same as above
Estimated Number of construction jobs: TBD
Proposed use of property: Industrial use | recommend for approval | Pass |
Action details
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Video
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19-1806
| 1 | | MIF 6620 River (Hodgkins) LLC | Resolution (Class 6B) Purchase for Value | PROPOSED RESOLUTION
MIF 6620 RIVER (HODGKINS) 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: MIF 6620 River (Hodgkins) LLC
Address: 6620 River Road, Hodgkins, Illinois 60525
Municipality or Unincorporated Township: Village of Hodgkins
Cook County District: 16
Permanent Index Number: 18-22-304-004-0000 and 18-22-304-007-0000
Municipal Resolution Number: Village of Hodgkins, Resolution NO. 2018-9
Number of month property vacant/abandoned: One (1) month vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: To be determined
Estimated Number of jobs retained at this location: To be determined
Estimated Number of employees in Cook County: Same as above
Estimated Number of construction jobs: 40 construction jobs
Proposed use of property: Industrial use - warehousing, manufacturing and/or distribution
Living | recommend for approval | Pass |
Action details
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Video
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19-1807
| 1 | | MIF 6600 RIVER (HODGKINS) LLC 6B PROPERTY TAX INCENTIVE REQUEST | Resolution (Class 6B) Purchase for Value | PROPOSED RESOLUTION
MIF 6600 RIVER (HODGKINS) 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: MIF 6600 River (Hodgkins) LLC
Address: 6600 River Road, Hodgkins, Illinois 60525
Municipality or Unincorporated Township: Village of Hodgkins, Illinois
Cook County District: 16
Permanent Index Number: 18-22-304-010-0000, 18-22-304-011-0000, 18-22-304-018-0000 and
18-22-304-021-0000
Municipal Resolution Number: Village of Hodgkins, Resolution No. 2018-08
Number of month property vacant/abandoned: 12 months vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: To be determined
Estimated Number of jobs retained at this location: To be determined
Estimated Number of employees in Cook County: Same as above
Estimated Number of construction jobs: 60 construction jobs
Proposed use of property: Industrial use - warehousi | recommend for approval | Pass |
Action details
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Video
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19-1965
| 1 | | Incentive Revocation Amendment | Ordinance Amendment | 2nd PROPOSED SUBSTITUTE ORDINANCE AMENDMENT TO FILE #19-1965
AN AMENDMENT TO CHAPTER 74, ARTICLE II, REAL PROPERTY TAXATION
WHEREAS, vacant properties can devastate a neighborhood and block, undermine neighbors' quality of life, and diminish the value of nearby properties; and
WHEREAS, they also cause severe fiscal damage to local governments, reducing local tax revenues while costing cities millions for policing, cleaning vacant lots, and demolishing derelict buildings; and
WHEREAS, most vacant buildings and houses are well maintained, but many are not and thousands can sit empty for years, abandoned by their owners, deteriorating to the point where they cannot be reused without major rehabilitation with many ultimately demolished, leaving vacant lots in their place; and
WHEREAS, besides their impact on social and economic conditions, vacant, abandoned properties have a devastating effect on the fiscal condition of their cities, towns, and counties; and
WHEREAS, not only do they pay little in property taxes and generate little revenue for the city or county when s | accept as substituted | Pass |
Action details
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Video
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19-1965
| 1 | | Incentive Revocation Amendment | Ordinance Amendment | 2nd PROPOSED SUBSTITUTE ORDINANCE AMENDMENT TO FILE #19-1965
AN AMENDMENT TO CHAPTER 74, ARTICLE II, REAL PROPERTY TAXATION
WHEREAS, vacant properties can devastate a neighborhood and block, undermine neighbors' quality of life, and diminish the value of nearby properties; and
WHEREAS, they also cause severe fiscal damage to local governments, reducing local tax revenues while costing cities millions for policing, cleaning vacant lots, and demolishing derelict buildings; and
WHEREAS, most vacant buildings and houses are well maintained, but many are not and thousands can sit empty for years, abandoned by their owners, deteriorating to the point where they cannot be reused without major rehabilitation with many ultimately demolished, leaving vacant lots in their place; and
WHEREAS, besides their impact on social and economic conditions, vacant, abandoned properties have a devastating effect on the fiscal condition of their cities, towns, and counties; and
WHEREAS, not only do they pay little in property taxes and generate little revenue for the city or county when s | recommend for deferral as substituted | Pass |
Action details
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Not available
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