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Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 3/19/2019 11:15 AM Minutes status: Draft  
Meeting location: Cook County Building, Board Room 118 North Clark Street, Chicago, Illinois
Published agenda: Agenda Agenda Published minutes: Not available  
Agenda packet: Not available
Meeting video:  
Attachments: Poposed Substitute to File 19-1965.pdf
File #Ver.Agenda #NameTypeTitleMotionResultAction DetailsVideo
19-2319 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 02/19/2019.   Not available Video Video
19-1767 1 7415 ST. LOUIS LLC 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) Purchase for ValuePROPOSED 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   Not available Video Video
19-1806 1 MIF 6620 River (Hodgkins) LLCResolution (Class 6B) Purchase for ValuePROPOSED 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   Not available Video Video
19-1807 1 MIF 6600 RIVER (HODGKINS) LLC 6B PROPERTY TAX INCENTIVE REQUESTResolution (Class 6B) Purchase for ValuePROPOSED 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   Not available Video Video
19-1965 1 Incentive Revocation AmendmentOrdinance AmendmentPROPOSED ORDINANCE AMENDMENT 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 sold at tax sales, but they furth   Not available Video Video
19-1965 1 Incentive Revocation AmendmentOrdinance AmendmentPROPOSED ORDINANCE AMENDMENT 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 sold at tax sales, but they furth   Not available Not available