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21-4909
| 1 | | BASEBALLRACKS.COM, INC | Resolution (Class 8) Purchase for Value | PROPOSED RESOLUTION
Baseballracks.com, Inc. 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: Baseballracks.com, Inc.
Address: 3122 Union Avenue & 40 E. 31st Place Steger, Illinois
Municipality or Unincorporated Township: Village of Steger
Cook County District: 6
Permanent Index Number: 32-33-309-053-0000; 32-33-309-054-0000; 32-33-309-055-0000; 32-33-309-031-0000
Municipal Resolution Number: Village of Steger, Ordinance No. 1243
Number of month property vacant/abandoned: 10 months vacant
Special circumstances justification requested: Yes
Proposed use of property: Industrial use-manufacturing warehousing and distribution
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 abandoned commerci | recommend for approval | Pass |
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21-4910
| 1 | | LA Truck Repair, LLC | Resolution (Class 6B) Purchase for Value | PROPOSED RESOLUTION
LA Truck Repair, 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: LA Truck Repair, LLC
Address: 11659 & 11701 S. Mayfield, Alsip, Illinois
Municipality or Unincorporated Township: Village of Alsip
Cook County District: 6
Permanent Index Number: 24-20-400-011-0000 and 24-20-403-001-0000
Municipal Resolution Number: Village of Alsip, Resolution No. 2020-05-1, approved May 4, 2020
Number of month property vacant/abandoned: Five (5) months vacant
Special circumstances justification requested: Yes
Proposed use of property: Industrial use- warehousing and distribution
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an abandoned industrial facility; and
WHEREAS, the Cook | recommend for approval | Pass |
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21-4911
| 1 | | Welch Brothers Inc. | Resolution (Class 6B) SER | PROPOSED RESOLUTION
Welch Brothers Inc. 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: Welch Brothers Inc.
Address: 2115 Graham, Bartlett, Illinois
Length of time at current location: 10 years
Length of time property under same ownership: 20 years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 15 years
Municipality or Unincorporated Township: Village of Bartlett
Cook County District: 15
Permanent Index Number(s): 06-30-300-004-0000 and 06-30-300-005-0000
Municipal Resolution Number: Village of Bartlett, Resolution No. 2020-16-R, approved February 18, 2020
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: Three (3) blighting factors, Deterioration, Deleterious land-use or layout and Obsolesce | recommend for approval | Pass |
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21-4939
| 1 | | Los Amigos LLC | Resolution (Class 6B) Purchase for Value | PROPOSED RESOLUTION
Los Amigos 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: Los Amigos LLC
Address: 1100 Pratt Boulevard, Elk Grove Village, Illinois
Municipality or Unincorporated Township: Elk Grove Village
Cook County District: 15
Permanent Index Number: 08-34-400-025-0000
Municipal Resolution Number: Elk Grove Village Resolution No. 52-20
Number of month property vacant/abandoned: 12 months vacant
Special circumstances justification requested: Yes
Proposed use of property: Industrial use- logistics, warehousing and distribution
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an abandoned industrial facility; and
WHEREAS, the Cook County Classification System for Assessment | recommend for approval | Pass |
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21-5000
| 1 | | Housing Forward Maywood, Illinois | HOME Investment Partnerships Program | PROPOSED HOME INVESTMENT PARTNERSHIPS PROGRAM
Department: Planning and Development
Other Part(ies): Housing Forward Maywood, Illinois
Request: Respectfully, the Department of Planning and Development within the Bureau of Economic Development submits the loan recommendation of $985,000 in HOME Investment Partnership Funds for the 12-month construction period and thirty-year permanent period with a 0% permanent loan rate.
Total Development Cost: $8,579,385.00
Project Loan Amount: $985,000.00
Fiscal Impact: $985,000.00
Account(s): 11900.1013.580171.53956.00000.00000 Award # 11412 Project #26103
Summary: The loan will fund the new construction of Broadview PSH, a 16-unit, affordable, permanent supportive housing development for families and individuals, located at 1020 Roosevelt Road, Broadview, IL. The total development cost (TDC) is projected at $8,579,385. The requested HOME funds account for nine percent (9%) of the TDC. Additional funding sources include Illinois Housing Development Authority (“IHDA”), IHDA HOME or Trust Funds, Mark Morton Memoria | recommend for approval | Pass |
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