The Cook County Business and Economic Development Committee will consider a request to certify a Bedford Park home as legally abandoned property at its next meeting 9:30 a.m. Wednesday in the Cook County Building, 118 North Clark St.
The Cook County Business and Development Committee is a subcommittee of the Cook County Board. Its members advise the commissioners on issues related to attracting new businesses to the county.
Below is the agenda for this meeting, as provided by the committee.
Board of Commissioners of Cook County Business and Economic Development Committee Wednesday, June 29, 2016 9:30 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.
16-4005 COMMITTEE MINUTES
Approval of the minutes from the meeting of 6/7/2016
16-3483 Sponsored by: TONI PRECKWINKLE, President and JOHN P. DALEY, County Commissioner
PROPOSED RESOLUTION
N4 HOLDINGS 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: N4 Holdings LLC
Address: 7424 South Mason Avenue, Bedford Park, Illinois 60638
Municipality or Unincorporated Township: Bedford Park
Cook County District: 11
Permanent Index Number: (2) PINs 19-29-100-038-0000; 19-29-200-031-0000
Municipal Resolution Number: 16-005
Number of month property vacant/abandoned: 3
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 4 full-time, 0 part-time
Estimated Number of jobs retained at this location: 2 full-time, 0 part-time
Estimated Number of employees in Cook County: 47 full-time, 1 part-time
Estimated Number of construction jobs: 2
Proposed use of property: Industrial-Logistics and warehousing
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 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 6b; 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 6b 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 6b 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, industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b 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 6b 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 6b; 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: 6/8/16 Board of Commissioners referred to the Business and Economic Development Committee
16-3484
Sponsored by: TONI PRECKWINKLE, President and DEBORAH SIMS, County Commissioner
PROPOSED RESOLUTION
OSCAR WINSKI COMPANY 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: Oscar Winski Company Inc.
Address: 14100 Halsted Street, Riverdale, Illinois 60827
Municipality or Unincorporated Township: Riverdale
Cook County District: 5
Permanent Index Number: 29-05-204-005-0000
Municipal Resolution Number: 2016-05
Number of month property vacant/abandoned: 3
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 10 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: 20 full-time, 0 part-time
Estimated Number of construction jobs: 5
Proposed use of property: Industrial-manufacturing and warehousing
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
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: 6/8/16 Board of Commissioners referred to the Business and Economic Development Committee
16-3491
Sponsored by: TONI PRECKWINKLE, President and GREGG GOSLIN, County Commissioner
PROPOSED RESOLUTION
MATRIX FINANCIAL PARTNERS LLC OR ITS ASSIGNEE 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: Matrix Financial Partners LLC or its Assignee
Address: 3411 Woodhead Drive, Northbrook, Illinois 60062
Municipality or Unincorporated Township: Northbrook
Cook County District: 14
Permanent Index Number: 04-05-102-014-0000
Municipal Resolution Number: 2016-28
Number of month property vacant/abandoned: 18
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 22 full-time, 0 part-time
Estimated Number of jobs retained at this location: 63 full-time, 0 part-time
Estimated Number of employees in Cook County: 63 full-time, 0 part-time
Estimated Number of construction jobs: 12
Proposed use of property: Industrial-warehousing and manufacturing
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 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 6b; 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 6b 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 6b 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, industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b 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 6b 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 6b; 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: 6/8/16 Board of Commissioners referred to the Business and Economic Development Committee
16-3498
Sponsored by: TONI PRECKWINKLE, President and LARRY SUFFREDIN, County Commissioner
PROPOSED RESOLUTION
8050 Monticello, 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: 8050 Monticello, LLC
Address: 8050 Monticello, Skokie, Illinois
Municipality or Unincorporated Township: Skokie
Cook County District: 13
Permanent Index Number: 10-23-332-015-0000 and 10-23-332-040-0000
Municipal Resolution Number: Resolution Number 15-9-R-1309
Number of month property vacant/abandoned: 18 months vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 25 full-time, 25 part-time
Estimated Number of jobs retained at this location: 25 full-time, 10 part-time
Estimated Number of employees in Cook County: not applicable
Estimated Number of construction jobs: 40-45 construction jobs
Proposed use of property: The property will be used for light manufacturing, warehousing and disrtibutuion
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 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 6b; 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 6b 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 6b 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, industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b 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 6b 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 6b; 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: 6/8/16 Board of Commissioners referred to the Business and Economic Development Committee
16-3500
Sponsored by: TONI PRECKWINKLE, President and LARRY SUFFREDIN, County Commissioner
PROPOSED RESOLUTION
Phar Sadie, 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: Phar Sadie, LLC
Address: 3412-3426 W. Touhy Avenue, Skokie, Illinois
Municipality or Unincorporated Township: Skokie
Cook County District: 13
Permanent Index Number: 10-26-402-061-0000
Municipal Resolution Number: Resolution Number 15-4-R-1291
Number of month property vacant/abandoned: 12 months vacant
Special circumstances justification requested: Yes
TEERM (TEMPORARY EMERGENCY ECONOMIC RECOVERY MODIFICATION (Vacant for more than 12 months but less than 24 months - No Purchase for Value) Justification: Yes
Estimated Number of jobs created by this project: 200 full-time
Estimated Number of jobs retained at this location: None provided
Estimated Number of employees in Cook County: Not applicable
Estimated Number of construction jobs: 30 construction jobs
Proposed use of property: The applicant plans to use the vacant units for pharmaceutical 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/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 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 as abandoned for purpose of the Class 6b TEERM (TEMPORARY EMERGENY ECONOMIC RECOVERY MODIFICATION; and
WHEREAS, in the case of abandonment according to the TEERM definition, abandonment is defined as a facility being vacant over 12 months but less than 24 months with no purchase for value by a disinterested buyer, in such instances, the County may determine that special circumstances exist under TEERM; thus qualifying the property as abandoned; and
WHEREAS, Class 6b TEERM requires a resolution by the County Board validating the property as abandoned for the purpose of the Class 6b TEERM; and
WHEREAS, the municipality states the Class 6b TEERM 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 6b 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 6b 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 6b TEERM; 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: 6/8/16 Board of Commissioners referred to the Business and Economic Development Committee
16-3543
Sponsored by: TONI PRECKWINKLE, President and TIMOTHY O. SCHNEIDER, County Commissioner
PROPOSED RESOLUTION
Prologis-Exchange Il, 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: Prologis-Exchange Il, LLC
Address: 2001 Lunt Avenue, Elk Grove Village, Illinois 60007
Municipality or Unincorporated Township: Elk Grove Village
Cook County District: 15
Permanent Index Number: 08-35-104-074-0000
Municipal Resolution Number: Village of Elk Grove Resolution Number 30-14
Number of month property vacant/abandoned: 22 months vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: not available
Estimated Number of jobs retained at this location: not available
Estimated Number of employees in Cook County: 75 full-time, 100-175 part-time
Estimated Number of construction jobs: 175-250 construction jobs
Proposed use of property: 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 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 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 6b; 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 6b requires a resolution by the County Board validating the property as abandoned for the purpose of Class 6b; and
WHEREAS, the municipality states the Class 6b 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, industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b 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 6b 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 6b; 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: 6/8/16 Board of Commissioners referred to the Business and Economic Development Committee
16-3519 Presented by: SUSAN CAMPBELL, Director, Department of Planning and Development
PROPOSED CONTRACT
Department(s): Planning and Development
Vendor: CDM Smith Inc., Chicago, Illinois
Request: Authorization for the Chief Procurement Officer to enter into and execute
Good(s) or Service(s): Professional Services/Technical Assistance for CDBG-Disaster Recovery Program
Contract Value: $1,997,184.00
Contract period: 6/29/2016 - 12/31/2019
Potential Fiscal Year Budget Impact: FY 2016 - FY 2019 - No fiscal impact; funded by HUD Grant
Accounts: 9411401.520830.100
Contract Number(s): 1685-15562
Concurrences: The Vendor has met the Minority- and Woman-owned Business Enterprise Ordinance via direct participation.
The Chief Procurement Officer concurs.
Summary: This contract is to retain the services of CDM Smith Inc. to administer Cook County’s allocation of $83.6 Million from the United States Office of Housing and Urban Development in Community Development Block Grant Disaster Recover grant funds in order to effectively and expeditiously assist the Department in its implementation of Cook County Disaster Recovery Program.
This is a Comparable Government Procurement pursuant to Section 34-140 of the Cook County Procurement Code. CDM Smith Inc. was previously awarded a contract by the City of Minot, North Dakota through a Request for Proposals (RFP) process. Cook County would like to leverage this procurement effort.
Legislative History: 6/8/16 Board of Commissionersreferred to the Business and Economic Development Committee
16-3643
Sponsored by: LUIS ARROYO JR, County Commissioner
PROPOSED ORDINANCE AMENDMENT
YOUTH EMPLOYMENT CLASSIFICATION
WHEREAS, areas of Cook County have seen substantial unemployment in the last few years, with youth between the ages of 16 and 24 experiencing the highest rate of unemployment at above 50%; and
WHEREAS, the Cook County Board has created property tax classifications to retain and encourage economic development in areas of need in Cook County; and
WHEREAS, these property tax classifications have also facilitated commercial and industrial development, with incentives that result in the reduction in property taxes offered for periods of 12 years; and
WHEREAS, applicants seeking these incentives comply with a list of requirements that include: location in identified blighted areas, increase employment opportunities and the need for public assistance to accomplish modernization, rehabilitation and development; and
WHEREAS, it is incumbent upon this body to seek long term solutions to the multifaceted impact of the economic hardships Cook County residents of all ages face.
NOW, THEREFORE, BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 74 - Taxation, Article II - Real Property Taxation, Division 2 - Classification System for Assessment, Section 74, of the Cook County Code is hereby amended as follows:
Sec. 74-61. - Purpose.
The County Board finds and declares that:
(10)The creation of a new property tax classification to encourage employment and increase employment opportunities for youth as defined in Sec. 74-62 (b) and contribute to the long-term economic development and growth of the real property tax base.
Sec. 74-62. - System established; terms defined.
(b)Definitions. The following words, terms and phrases, when used in this division, shall have the meanings ascribed to them in this Section, except where the context clearly indicates a different meaning:
Youth means a person of age 16 to 24 of low- or moderate-income or belonging to a household of low- or moderate-income as defined in this Section.
Sec. 74-63. - Assessment classes.
Real estate is divided into the following assessment classes:
(16)Class E. Real estate property used for industrial or commercial purposes not qualifying for any other
classifications stated in this Section.
a. To be eligible for a Class E classification an applicant must prove intent to employ youth as defined in Sec. 74-62 for day-to-day operations of the business, part-time seasonal, part-time permanent, full-time permanent or full-time seasonal employment per year as follows:
1. The monetary value of the amount of employment hours per year corresponding to at least twice the
monetary value of savings realized by this classification in the real estate assessment.
b. An applicant must obtain from the municipality in which the real estate is located or the County Board if the real estate is located in an unincorporated area, an Ordinance or Resolution expressly stating that the municipality or County Board, as the case may be, has determined that the incentive provided by Class E is necessary for economic development and/or youth employment to occur on that specific real estate and that the municipality or County Board, as the case may be, supports and consents to the Class E application to the Assessor. A certified copy of the Ordinance or Resolution must be filed at the time of application for the Class E classification. A copy of that Ordinance or Resolution, whichever is submitted, will be forwarded by the Assessor's Office to the Secretary of the Board for distribution to the members of the County Board from the affected districts.
c. To qualify for the Class E classification, an application for Class E classification must be filed with the
Office of the Assessor.
d. The initial Class E classification shall continue for a period of 5 years for both industrial and commercial property complying with employment of youth as stated in this Section. This incentive may be renewed during the last year a property is entitled to a 90-percent assessment level, if the following requirements are met:
1. The taxpayer notifies the Assessor's Office of the taxpayer's intent to request renewal of the incentive from the municipality, or the County Board if the real estate is located in an unincorporated area;
2. The municipality in which the real estate is located or the County Board, if the real estate is located in an unincorporated area, adopts a Resolution expressly stating that the municipality or County Board, as the case may be, has determined that the industrial or commercial use of the property is necessary and beneficial to the local economy, and supports and consents to renewal of the Class E; and
3. A copy of that Resolution and a completed renewal application are filed with the Office of the
Assessor before the expiration of the 90-percent assessment level period.
The number of renewal periods is not limited as long as the property continues to apply, qualifies for Class E and complies with the youth employment requirements stated in this Section. Any property which applies for Class E treatment on or before the adoption date of the ordinance from which this
division is derived will be eligible for this renewal term at the end of their original incentive period subject to the above requirements. The notice of intent to request renewal which is filed with the Assessor's Office will be forwarded by the Assessor's Office to the Secretary of the Board for distribution to members of the County Board from the effected districts.
e. The Assessor shall review the application and supporting documentation to determine eligibility for the Class E classification. The Assessor may adopt rules consistent with the foregoing necessary to ensure proper review of all factors relevant to determine initial and continued eligibility for the benefits provided under the Class E classification.
f. The Assessor shall provide by rule for the filing of triennial reassessment reports by all Class E recipients as to the use of the property and the number of youth employed at the Class E site. Such reports shall be verified. Failure to file such reports within the time established by the Assessor's rules shall result in loss of the incentive for the period relating to the non-filing.
Sec. 74-64. - Market value percentages.
The Assessor shall assess, and the Board of Review shall review, assessments on real estate in the various classes at the following percentages of market value:
(16)Class E: 90 percent for first 5 years and for any subsequent 5-year renewal periods.
Sec. 74-73. - Revocation or cancellation of incentive classification.
(a) The following Incentive Classifications are subject to revocation herein: Class 7c. and Class E.
(b) The incentive may be revoked under the following circumstances:
1. By rule, as provided by the Assessor;
2. By the County Board by Resolution or Ordinance;
3. By the County Board by Resolution or Ordinance at the request of the Municipality's submission of a
Municipal Resolution or Ordinance; and
4. By request of the taxpayer to cancel.
In case of revocation or cancellation, the Incentive Classification shall be deemed null and void for the tax year in which the incentive was revoked or cancelled as to the subject property. In such an instance, the taxpayer shall be liable for and shall reimburse to the County Collector an amount equal to the difference in the amount of taxes that would have been collected had the subject property been assessed as a Class 5 property and the amount of taxes collected under the Incentive Classification as determined by the Assessor.
Effective date: This ordinance shall be in effect immediately upon adoption
Legislative History: 6/8/16 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
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