Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 1/27/2021 10:30 AM Minutes status: Final  
Meeting location: Virtual Meeting
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
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21-1132 1 COMMITTEE MINUTESCommittee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 12/16/2020approvePass Action details Not available
21-0364 1 R & W MACHINE CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)Resolution (Class 6B) SERPROPOSED RESOLUTION R & W MACHINE 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: R & W Machine Address: 6551 W. 74th Street, Bedford Park, Illinois 60638 Length of time at current location: 34 years Length of time property under same ownership: 34 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 34 years Municipality or Unincorporated Township: Bedford Park Cook County District: 11 Permanent Index Number(s): 19-30-200-026-0000 Municipal Resolution Number: Village of Bedford Park Resolution No. 20-016 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Excessive vacancies - There is an above average vacancy rate in the area where the facility is located. Deleterious land-use or layout- The subjectrecommend for approvalPass Action details Not available
21-0369 1 ILLINI PARTNERS VI LP CLASS 8 PROPERTY TAX INCENTIVE REQUESTResolution (Class 8) No Purchase for ValuePROPOSED RESOLUTION ILLINI PARTNERS VI LP CLASS 8 PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information: Applicant: Illini Partners VI LP Address: 12625 S. Western Avenue, Blue Island, Illinois Municipality or Unincorporated Township: City of Blue Island Cook County District: 6 Permanent Index Number: 25-30-311-001-0000; 25-30-311-002-0000; 25-30-311-0 03-0000; 25-30-311-006-0000; 25-30-311-007-0000 and 25-30-311-008-0000 Municipal Resolution Number: City of Blue Island, Resolution No. 2020-028 Number of month property vacant/abandoned: 64 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - retail Living Wage Ordinance Compliance Affidavit Provided: Yes WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assessment level for an abandonerecommend for approvalPass Action details Not available
21-0374 1 Arihantanam 2, LLC CLASS 8 PROPERTY TAX INCENTIVE REQUESTResolution (Class 8) Purchase for ValuePROPOSED RESOLUTION ARIHANTANAM 2, LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information: Applicant: Arihantanam 2, LLC Address: 2850 W. 159th Street, Markham, Illinois Municipality or Unincorporated Township: City of Markham Cook County District: 5 Permanent Index Number: 28-13-330-043-0000 Municipal Resolution Number: City of Markham, Ordinance No. 19-O-2243 Number of month property vacant/abandoned: 12 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial - Hotel Living Wage Ordinance Compliance Affidavit Provided: N/A WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assessment level for an abandoned commercial facility; and WHEREAS, the Cook County Classification System for Assessment defines abandoned property as buildingrecommend for approvalPass Action details Not available
21-0384 1 POWER HOUSE HOLDING LLC CLASS 8 PROPERTY TAX INCENTIVE REQUESTResolution (Class 8) Purchase for ValuePROPOSED RESOLUTION POWER HOUSE HOLDING LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information: Applicant: Power House Holding LLC Address: 1007 E. 162nd Street, South Holland, Illinois Municipality or Unincorporated Township: Village of South Holland Cook County District: 6 Permanent Index Number: 29-23-109-026-0000 & 29-23-109-027-0000 Municipal Resolution Number: Village of South Holland Resolution approved December 18, 2017 Number of month property vacant/abandoned: 25 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial - office space Living Wage Ordinance Compliance Affidavit Provided: N/A WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assessment level for an abandoned commercial facility; and WHEREAS, the Cook County recommend for approvalPass Action details Not available