At a meeting today, the Cook County Board's Business and Development Committee considered several Real Property Assessment Classification 8 applications.
Below is the agenda for this meeting, as provided by the committee.
Page 1 of 8
Board of Commissioners of Cook County
Business and Economic Development Committee
Tuesday, June 7, 2016 9:15 AM Cook County Building, Board Room
118 North Clark Street, Chicago, Illinois
NOTICE AND AGENDA
There will be a meeting of the Committee or Subcommittee of the Board of Commissioners of Cook County at
the date, time and location listed above to consider the following:
PUBLIC TESTIMONY
Authorization as a public speaker shall only be granted to those individuals who have submitted in writing, their
name, address, subject matter, and organization (if any) to the Secretary 24 hours in advance of the meeting.
Duly authorized public speakers shall be called upon to deliver testimony at a time specified in the meeting
agenda. Authorized public speakers who are not present during the specified time for public testimony will
forfeit their allotted time to speak at the meeting. Public testimony must be germane to a specific item(s) on the
meeting agenda, and the testimony must not exceed three minutes; the Secretary will keep track of the time and
advise when the time for public testimony has expired. Persons authorized to provide public testimony shall not
use vulgar, abusive, or otherwise inappropriate language when addressing the Board; failure to act appropriately;
failure to speak to an item that is germane to the meeting, or failure to adhere to the time requirements may
result in expulsion from the meeting and/or disqualify the person from providing future testimony.
16-3619
COMMITTEE MINUTES
Approval of the minutes from the meeting of 5/11/2016
16-2923
Sponsored by: TONI PRECKWINKLE, President and DEBORAH SIMS, County Commissioner
PROPOSED RESOLUTION
ES REALTY OLYMPIA FIELDS 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: ES Realty Olympia Fields LLC
Address: 2520 Lincoln Highway, Olympia Fields, Illinois 60461
Page 2 of 8
Municipality or Unincorporated Township: Olympia Fields
Cook County District: 5
Permanent Index Number: 31-24-401-014-0000
Municipal Resolution Number: 2015-18
Number of month property vacant/abandoned: 19 months at time of application
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 8 full-time, 0 part-time
Estimated Number of jobs retained at this location: 0 full-time, 0 part-time
Estimated Number of employees in Cook County: 0 full-time, 0 part-time
Estimated Number of construction jobs: Not provided
Proposed use of property: Commercial-retail, service or restaurant users
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 defines abandoned property as buildings
and other structures that, after having been vacant and unused for at least 24 continuous months, have been
purchased for value by a purchaser in whom the seller has no direct financial interest; and
WHEREAS, in the instance where the property does not meet the definition of abandoned property, the
municipality or the Board of Commissioners, may determine that special circumstances may exist that justify
finding that the property is abandoned for purpose of Class 8; and
WHEREAS, in the case of abandonment of less than 24 months and purchase for value, by a purchaser in whom
the seller has no direct financial interest, the County may determine that special circumstances justify finding the
property is deemed abandoned; and
WHEREAS, Class 8 requires the validation by the County Board of the shortened period of qualifying
abandonment in cases where the facility has been abandoned for less than 24 consecutive months upon purchase
for value; and
WHEREAS, the municipality states the Class 8 is necessary for development to occur on this specific real estate.
The municipal resolution cites the qualifications of this property to meet the definition of abandoned with special
circumstances; and
WHEREAS, commercial real estate is normally assessed at 25% of its market value, qualifying commercial real
estate eligible for the Class 8 can receive a significant reduction in the level of assessment from the date that new
construction or rehabilitation has been completed, or in the case of abandoned property from the date of substantial
re-occupancy. Properties receiving Class 8 will be assessed at 10% of the market value for 10 years, 15% for the
11th year and 20% in the 12th year; and
Page 3 of 8
NOW, THEREFORE, BE IT RESOLVED, by the President and Board of Commissioners of the County of Cook,
that the President and Board of Commissioners validate the above-captioned property is deemed abandoned with
special circumstances under the Class 8; and
BE IT FURTHER RESOLVED, that the County Clerk is hereby authorized and directed to forward a certified
copy of this resolution to the Office of the Cook County Assessor
Legislative History: 5/11/16 Board of Commissioners referred to the Business and Economic Development
Committee
16-2924
Sponsored by: TONI PRECKWINKLE, President and JOAN PATRICIA MURPHY, County Commissioner
PROPOSED RESOLUTION
SIMONE KAPOVICH/S&J CONSTRUCTION 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: Simone Kapovich/ S&J Construction
Address: 16823 State Street and 61 East 168th Street, South Holland, 60473
Municipality or Unincorporated Township: South Holland
Cook County District: 6
Permanent Index Number: (3) PINs: 29-22-302-016-0000; 29-22-302-017-0000; 29-22-302-041-0000
Municipal Resolution Number: South Holland Resolution approved December 7, 2015
Number of month property vacant/abandoned: 26 months
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 18 full-time, 0 part-time
Estimated Number of jobs retained at this location: 0 full-time, 0 part-time
Estimated Number of employees in Cook County: 0 full-time, 0 part-time
Estimated Number of construction jobs: N/A
Proposed use of property: Industrial-Warehousing and logistics
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 industrial facility; and
Page 4 of 8
WHEREAS, the Cook County Classification System for Assessment defines abandoned property as buildings
and other structures that, after having been vacant and unused for more than 24 continuous months, there has been
no purchased for value by a purchaser and the property is in need of substantial rehabilitation; and
WHEREAS, in the instance where the property does not meet the definition of abandoned property, the
municipality or the Board of Commissioners, may determine that special circumstances may exist that justify
finding that the property is abandoned for purpose of Class 8; and
WHEREAS, in the case of abandonment of over 24 months and no purchase for value by a disinterested buyer, the
County may determine that special circumstances justify finding the property as being deemed abandoned; and
WHEREAS, Class 8 requires a resolution by the County Board validating the property as abandoned for the purpose
of Class 8; and
WHEREAS, the municipality states the Class 8 is necessary for development to occur on this specific real estate.
The municipal resolution cites the qualifications of this property to meet the definition of abandoned with special
circumstances; and
WHEREAS, commercial real estate is normally assessed at 25% of its market value, qualifying commercial real
estate eligible for the Class 8 can receive a significant reduction in the level of assessment from the date that new
construction or rehabilitation has been completed, or in the case of abandoned property from the date of substantial
re-occupancy. Properties receiving Class 8 will be assessed at 10% of the market value for 10 years, 15% for the
11th year and 20% in the 12th year; and
NOW, THEREFORE, BE IT RESOLVED, by the President and Board of Commissioners of the County of Cook,
that the President and Board of Commissioners validate the above-captioned property is deemed abandoned with
special circumstances under the Class 8; and
BE IT FURTHER RESOLVED, that the County Clerk is hereby authorized and directed to forward a certified
copy of this resolution to the Office of the Cook County Assessor.
Legislative History: 5/11/16 Board of Commissioners referred to the Business and Economic Development
Committee
16-2959
Sponsored by: TONI PRECKWINKLE, President and STANLEY MOORE, County Commissioner
PROPOSED RESOLUTION
Mr. Bult’s Inc. (MBI) 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: Mr. Bult’s Inc. (MBI)
Address: 13820 South Marquette, Burnham, Illinois
Municipality or Unincorporated Township: Burnham
Cook County District: 4th
Page 5 of 8
Permanent Index Number: 30-06-102-023-0000; 30-06-102-024-0000; 30-06-102-026-0000; 30-06-102-027-
0000; 30-06-102-028-0000 and 30-06-102-029-0000
Municipal Resolution Number: Village of Burnham, Resolution Number 2014-R-011
Number of month property vacant/abandoned: December 1, 2013 thru February 19, 2014 (Assessor’s
application date) 2 months the property was vacant an additional 22 months after the application date.
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 5 full-time
Estimated Number of jobs retained at this location: 165 full-time
Estimated Number of employees in Cook County: not applicable
Estimated Number of construction jobs: 3 full-time
Proposed use of property: This property will be used for industrial purposes - waste hauling operations.
Living Wage Ordinance Compliance Affidavit Provided: Yes or No
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 buildings
and other structures that, after having been vacant and unused for at least 24 continuous months, have been
purchased for value by a purchaser in whom the seller has no direct financial interest; and
WHEREAS, in the instance where the property does not meet the definition of abandoned property, the
municipality or the Board of Commissioners, may determine that special circumstances may exist that justify
finding that the property is abandoned for purpose of Class 8; and
WHEREAS, in the case of abandonment of less than 24 months and purchase for value, by a purchaser in whom
the seller has no direct financial interest, the County may determine that special circumstances justify finding the
property is deemed abandoned; and
WHEREAS, Class 8 requires the validation by the County Board of the shortened period of qualifying
abandonment in cases where the facility has been abandoned for less than 24 consecutive months upon purchase
for value; and
WHEREAS, the municipality states the Class 8 is necessary for development to occur on this specific real estate.
The municipal resolution cites the qualifications of this property to meet the definition of abandoned with special
circumstances; and
WHEREAS, commercial real estate is normally assessed at 25% of its market value, qualifying commercial real
estate eligible for the Class 8 can receive a significant reduction in the level of assessment from the date that new
construction or rehabilitation has been completed, or in the case of abandoned property from the date of substantial
re-occupancy. Properties receiving Class 8 will be assessed at 10% of the market value for 10 years, 15% for the
11th year and 20% in the 12th year; and
NOW, THEREFORE, BE IT RESOLVED, by the President and Board of Commissioners of the County of Cook,
that the President and Board of Commissioners validate the above-captioned property is deemed abandoned with
special circumstances under the Class 8; and
Page 6 of 8
BE IT FURTHER RESOLVED, that the County Clerk is hereby authorized and directed to forward a certified
copy of this resolution to the Office of the Cook County Assessor
Legislative History: 5/11/16 Board of Commissionersreferred to the Business and Economic Development
Committee
16-3163
Presented by: MICHAEL JASSO, Chief, Bureau of Economic Development
PROPOSED PREVIOUSLY APPROVED ITEM AMENDMENT
Department: Bureau of Economic Development
Request: AMEND A PREVIOUSLY APPROVED ITEM
Item Number: 14-0099
Fiscal Impact: N/A
Account(s): N/A
Original Text of Item:
PROPOSED ORDINANCE
AN ORDINANCE AUTHORIZING COOK COUNTY THROUGH ITS BUREAU OF ECONOMIC
DEVELOPMENT TO ESTABLISH PROGRAM FEES FOR VARIOUS BUILT IN COOK LOAN
PROGRAMS.
WHEREAS, the Cook County Board of Commissioners on April 17, 2013 approved a Resolution authorizing the
Bureau of Economic Development to accept the U.S. Department of Housing and Urban Development (HUD)
Section 108 Loan Guarantee financing which will launch the BUILT (Broadening Urban Investment to Leverage
Transportation) in Cook Loan Fund in an amount not to exceed $30 million dollars; and
WHEREAS, this financing will provide Cook County (County) through the Bureau of Economic Development
with the lending authority to support sustainable economic development for the benefit of low- and moderateincome
individuals; and
WHEREAS, the Section 108 program is administered as part of HUD’s Community Development and Block Grant
(CDBG) program and is subject to the requirements governing the CDBG program; and
WHEREAS, it is permissible for Section 108 recipients to impose fees on third party borrowers who receive loans
made with the proceeds of Section 108 loans; and
WHEREAS, if the purpose of the fees is to defray costs related to administering aspects of a Section 108 project,
the fee should be treated as an applicable credit against administrative costs; and
WHEREAS, it is permissible by HUD that the County collect an application processing fee of $500.00 or $1,000.00
to defray the administrative costs of processing a Section 108 application and such fee will be treated as an
applicable credit against administrative costs; and
WHEREAS, it is permissible by HUD for Cook County to charge third party borrowers an interest rate that is
higher than the rate payable on the Section 108 loan (interest rate spread) and HUD encourages Section 108
recipients to use the interest rate spread as a reserve for interest rate fluctuations; and
Page 7 of 8
WHEREAS, it is permissible by HUD that the County charge a 2 - 3% loan commitment, a portion of which will
be used to defray administrative costs associated with the Section 108 loan program(s) and the remaining portion
of which may be used as program income to serve as a reserve for the loan program.
NOW, THEREFORE, BE IT ORDAINED, by the Board of Commissioners of the County of Cook, Illinois:
SECTION 1. The above recitals are expressly incorporated in and made a part of this Ordinance as though fully
set forth herein.
SECTION 2. The Cook County Bureau of Economic Development (Bureau of Economic Development) is
authorized to establish various programs for qualified entities to obtain federally financed economic development
Broadening Urban Investment to Leverage Transportation (BUILT) in Cook Loans pursuant to Section 108 of the
Housing and Community Development Act, 43 USCS § 5301 and Title V of the Small Business Investment Act,
15 USCS § 695 et seq.; 24 CFR Part 570, Subpart M (Community Development Block Grants, Loan Guarantees);
and 13 CFR Part 120 (Business Loans). Such programs may include but are not limited to:
(a) The BUILT in Cook HUD 108 Loan Program, to finance transit-oriented development, cargo-oriented
development, and mixed-use/service sector projects. The HUD 108 loan minimum under the HUD 108
program is $500,000. The maximum loan amount is $5 million or $35,000 per job created, whichever is
less.
(b) The BUILT 50-40 Loan Program, to support job creation and retention projects that are typically associated
with small business, specifically industrial or commercial companies that are located or planning to locate
in Suburban Cook County. The program may only be used to finance up to 40% of total project costs,
provided that the grantee has additionally attained 50% lender financing and 10% equity. The loan amount
per transaction is $70,000 to $500,000. One full time equivalent job must be created or retained for every
$35,000 provided.
(c) The Emerging Business Development Loan (EBDL) Program, to provide interim financing for minority
and/or woman owned businesses that are certified by Cook County, or eligible for reciprocal treatment
under the Cook County Code, and have direct or indirect contracts with Cook County government. Loans
under this program shall not exceed $500,000 or 25% of the value of the work awarded by Cook County
government, whichever is less.
SECTION 3. The programs established under the BUILT in Cook Loan Program shall be administered by the
Cook County Bureau of Economic Development and the Bureau of Economic Development is hereby authorized
to issue any required BUILT in Cook Loan Program rules and regulations.
SECTION 4. The Bureau of Economic Development is authorized to establish a Broadening Urban Investment to
Leverage Transportation (BUILT) in Cook Loan Fund to support sustainable economic development for the benefit
of low and moderate income individuals, in accordance with Section 108 of the Housing and Community
Development Act, 42 U.S.C. § 5301, et seq. The BUILT in Cook Loan Fund will be funded pursuant to a Grant
Agreement with U.S. Department of Housing and Urban Development (HUD) and secured by pledging current and
future Community Development Block Grants and other collateral in the event of nonpayment, as required. Such
Grant Agreements are subject to the authorization of the County Board of Commissioners. The Department of
Budget and Management shall create a special purpose fund and sub account(s) for the BUILT in Cook Loan
Programs authorized pursuant to this Ordinance. Any fees and revenue generated from these programs shall be
placed in such special purpose fund or sub account(s) and used to defray administrative costs or project delivery
costs as permissible by HUD.
SECTION 5. In order to defray various administrative costs for processing the various BUILT in Cook Loan
applications for loan programs authorized per Section 2 of this Ordinance, a loan application processing fee shall
be determined by the Bureau of Economic Development and implemented in an amount of $500.00 or $1,000.00
Page 8 of 8
depending on the size and complexity of the loan and loan program. The loan application processing fee shall not
exceed $1,000.00. Said fee shall be in addition to any costs of financing, including and not limited to legal and
other third party costs related to program participation which is the sole responsibility of the program participant.
The loan processing application shall be a non-refundable fee and is permissible by HUD.
SECTION 6. Cook County through the Bureau of Economic Development shall charge a loan commitment fee
in an amount up to three percent on each approved loan authorized under Section 2 of this Ordinance. A portion
of this loan commitment fee as permitted by HUD shall be used to defray administrative costs and the remaining
portion shall be used as program income to serve as a loss reserve. The loan commitment fees shall be treated in
accordance with the regulations governing Community Development Block Grants.
SECTION 7. The Bureau of Economic Development shall make a copy of this Ordinance available with its
BUILT in Cook Loan program materials or post a copy of this Ordinance on its website.
SECTION 8. The County Clerk shall maintain a copy of this Ordinance and publish said Ordinance in the Journal
of Proceedings.
Effective date: This ordinance amendment shall be in effect as of the date of its passage and approval.
Legislative History: 5/11/16 Board of Commissioners referred to the Business and Economic Development
Committee
_________________________
Secretary
Chairman: Garcia
Vice-Chairman: Murphy
Members: Arroyo Jr., Butler, Gainer, Moore, Morrison, Schneider, Steele
Alerts Sign-up