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Meeting Name: Business and Economic Development Committee Agenda status: Final
Meeting date/time: 5/11/2022 10:00 AM Minutes status: Final  
Meeting location: Virtual meeting
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments: Click here to watch live, To comment on an item on the agenda, click here, 22-2807 SUBSTITUTE RESOLUTION FOR BED ARPA INITIATIVES.pdf, Cynthia Schilsky - League of Women Voters (Written Comment)
File #Ver.Agenda #NameTypeTitleMotionResultAction DetailsVideo
22-3254 1  Committee MinutesCOMMITTEE MINUTES Approval of the minutes from the meeting of 04/05/2022approvePass Action details Not available
22-2568 1 Benziger LLCResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION Benziger 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: Benziger LLC Address: 700 Touhy Ave., Elk Grove Village, Illinois 60007 Municipality or Unincorporated Township: Village of Elk Grove Cook County District: 15 District Permanent Index Number: 08-27-303-076-0000 Municipal Resolution Number: Village of Elk Grove Resolution Number 62-19 Number of month property vacant/abandoned: Eight (8) months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, manufacturing, 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 Classirecommend for approvalPass Action details Not available
22-2569 1 Martin Lane Group, IncResolution (Class 6B) Purchase for ValuePROPOSED RESOLUTION Martin Lane Group, Inc. 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: Martin Lane Group, Inc Address: 200 Martin Lane, Elk Grove Village, Illinois 60007 Municipality or Unincorporated Township: Village of Elk Grove Cook County District: 15th District Permanent Index Number: 08-22-102-224-0000 Municipal Resolution Number: Village of Elk Grove Resolution Number 77-19 Number of month property vacant/abandoned: 14 months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - assembly, 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 Crecommend for approvalPass Action details Not available
22-2570 1 Harvey Real Estate IncResolution (Class 8) Purchase for ValuePROPOSED RESOLUTION Harvey Real Estate 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: Harvey Real Estate Inc. Address: 15325 Dixie Highway, Harvey, Illinois Municipality or Unincorporated Township: City of Harvey Cook County District: 5th District Permanent Index Number: 29-18-111-024-0000 Municipal Resolution Number: City of Harvey, Resolution Number 2866 Number of month property vacant/abandoned: One week vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - Gas Station, minimart 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 commercial facility; and WHEREAS, the Cook County Classification System for Assessment derecommend for approvalPass Action details Not available
22-2571 1 Actuation Group Inc.Resolution (Class 8) Purchase for ValuePROPOSED RESOLUTION Actuation Group 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: Actuation Group Inc. Address: 16660 S. Canal Street, South Holland, Illinois Municipality or Unincorporated Township: Village of South Holland Cook County District: 6th District Permanent Index Number: 29-21-317-019-0000 Municipal Resolution Number: Village of South Holland approved August 3, 2020 Number of month property vacant/abandoned: Number of months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial Use - manufacturing 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 commercial facility; and WHEREAS, the Cook Countyrecommend for approvalPass Action details Not available
22-2632 1 Old Orchard Urban Limited PartnershipResolutionPROPOSED RESOLUTION Old Orchard Urban Limited Partnership 7b PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 7b application containing the following information: Applicant: Old Orchard Urban Limited Partnership Address: 4847 Old Orchard Shopping Center, Skokie, Illinois Municipality or Unincorporated Township: Niles Cook County District: 13th District Permanent Index Number: 10-09-411-074-0000 Municipal Resolution Number: Village of Skokie, Resolution No. 21-12-R-1517 Number of month property vacant/abandoned: More than 24 months Special circumstances justification requested: Yes Proposed use of property: Commercial use - retail Living Wage Ordinance Compliance Affidavit Provided: N/A Commercial use WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 7b that provides an applicant a reduction in the assessment level for an abandoned industrial facility; and WHEREAS, the Cookrecommend for approvalPass Action details Not available
22-2667 1 Home Investment Partnership Loan - Hanover Landing, ElginHOME Investment Partnerships ProgramPROPOSED HOME INVESTMENT PARTNERSHIPS PROGRAM Department: Planning and Development Other Part(ies): Hanover Landing LLC, Lincolnwood, IL Request: Respectfully request the Board approve a $1,500,000, 32-year construction and permanent loan with 0% interest and an annual $5,000 payment to support the new construction of Hanover Landing, an affordable permanent supportive housing development in Elgin, IL Total Development Cost: $16,030,794.0 Project Loan Amount: $1,500,000.00 Fiscal Impact: $1,500,000.00 Account(s): 11900.1013.53956.580170. Summary: The new three-story building will have forty 535 SF one-bedroom units, with one unit reserved for the onsite manager. The common areas of the building will be fully accessible, all units will be visitable, and six units will be fully accessible, four units will be adaptable and two sensory impaired units will complete the twelve-unit accessible unit mix. The development will be located at 711 East Chicago Street and 712 East Laurel Street, in Elgin, Illinois, encompassing approximately 3.87 acres. Threcommend for approvalPass Action details Not available
22-2807 1 PROPOSED RESOLUTION FOR ARPA VITAL COMMUNITIES PROGRAM INITIATIVES IMPLEMENTED BY THE BUREAU OF ECONOMIC DEVELOPMENTResolutionPROPOSED SUBSTITUTE TO FILE 22-2807 (Business and Economic Development Committee 5/11/2022) Sponsored by: TONI PRECKWINKLE (President), Cook County Board of Commissioners PROPOSED RESOLUTION ARPA VITAL COMMUNITIES PROGRAM INITIATIVES IMPLEMENTED BY THE BUREAU OF ECONOMIC DEVELOPMENT WHEREAS, on March 11, 2021, the federal government authorized the American Rescue Plan Act of 2021 (“ARPA”) which includes $1.9 trillion in federal stimulus funds to hasten the United States’ recovery from the economic and health effects caused by the COVID-19 pandemic; and WHEREAS, specifically, the federal government has authorized and allocated a federal award of approximately $1,000,372,385B of ARPA funding to Cook County to assist the County in its recovery from the economic and health effects of COVID-19; and WHEREAS, on June 24, 2021, the Cook County American Rescue Plan Act Framework (the “ARPA Framework”) was presented to the Cook County Board of Commissioners; and WHEREAS, to effectuate the approach outlined in the ARPA Framework, the Cook County Board of Commissioners authorized taccept as substitutedPass Action details Not available
22-2807 2 PROPOSED RESOLUTION FOR ARPA VITAL COMMUNITIES PROGRAM INITIATIVES IMPLEMENTED BY THE BUREAU OF ECONOMIC DEVELOPMENTResolutionPROPOSED SUBSTITUTE TO FILE 22-2807 (Business and Economic Development Committee 5/11/2022) Sponsored by: TONI PRECKWINKLE (President), Cook County Board of Commissioners PROPOSED RESOLUTION ARPA VITAL COMMUNITIES PROGRAM INITIATIVES IMPLEMENTED BY THE BUREAU OF ECONOMIC DEVELOPMENT WHEREAS, on March 11, 2021, the federal government authorized the American Rescue Plan Act of 2021 (“ARPA”) which includes $1.9 trillion in federal stimulus funds to hasten the United States’ recovery from the economic and health effects caused by the COVID-19 pandemic; and WHEREAS, specifically, the federal government has authorized and allocated a federal award of approximately $1,000,372,385B of ARPA funding to Cook County to assist the County in its recovery from the economic and health effects of COVID-19; and WHEREAS, on June 24, 2021, the Cook County American Rescue Plan Act Framework (the “ARPA Framework”) was presented to the Cook County Board of Commissioners; and WHEREAS, to effectuate the approach outlined in the ARPA Framework, the Cook County Board of Commissioners authorized trecommend for approval as substitutedPass Action details Not available