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Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 10/6/2021 10:30 AM Minutes status: Final  
Meeting location: Virtual Meeting
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video:  
Attachments: to comment on an item at this agenda, click here, Click here to watch live
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21-4909 1 BASEBALLRACKS.COM, INCResolution (Class 8) Purchase for ValuePROPOSED 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 commercirecommend for approvalPass Action details Not available
21-4910 1 LA Truck Repair, LLCResolution (Class 6B) Purchase for ValuePROPOSED 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 approvalPass Action details Not available
21-4911 1 Welch Brothers Inc.Resolution (Class 6B) SERPROPOSED 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 Obsolescerecommend for approvalPass Action details Not available
21-4939 1 Los Amigos LLCResolution (Class 6B) Purchase for ValuePROPOSED 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 Assessmentrecommend for approvalPass Action details Not available
21-5000 1 Housing Forward Maywood, IllinoisHOME Investment Partnerships ProgramPROPOSED 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 Memoriarecommend for approvalPass Action details Not available