Cook County Business and Economic Development Committee met June 27.
Here is the agenda provided by the Committee:
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.
18-4453
Committee Minutes:
Approval of the minutes from the meeting of 06/06/2018
18-3983
Sponsored by: Toni Preckwinkle (President) and Timothy O. Schneider, Cook County Board of Commissioners
Proposed Resolution
Excel Color Corporation 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: Excel Color Corporation
Address: 220 Bond Street, Elk Grove Village, Illinois
Municipality or Unincorporated Township: Elk Grove Village
Cook County District: 15
Permanent Index Number: 08-22-102-027-0000; 08-22-1020-028-0000 and 08-22-1020-188-0000
Municipal Resolution Number: Village of Elk Grove Resolution Number 16-17
Number of month property vacant/abandoned: 12 months vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: Two (2) - three (3) full-time jobs
Estimated Number of jobs retained at this location: 11 full-time jobs
Estimated Number of employees in Cook County: Same as above
Estimated Number of construction jobs: 15 construction jobs
Proposed use of property: Industrial use manufacturing and distribution of industrial coatings, sealants, plastic, artistic clay and more.
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 : 6/6/18 - Board of Commissioners - refer to the Business and Economic Developm
18-3984
Sponsored by: Toni Preckwinkle (President) and Timothy O. Schneider, Cook County Board of Commissioners
Proposed Resolution
Escorza 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: Escorza LLC
Address: 1901 Greenleaf Avenue, Elk Grove Village, Illinois
Municipality or Unincorporated Township: Elk Grove
Cook County District: 15
Permanent Index Number: 08-35-104-066-0000
Municipal Resolution Number: Elk Grove Village, Resolution Number 24-16
Number of month property vacant/abandoned: Five (5) months vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 19 full-time jobs
Estimated Number of jobs retained at this location: 16 full-time jobs, 44 part-time jobs
Estimated Number of employees in Cook County: Same as above
Estimated Number of construction jobs: 10-20 construction jobs
Proposed use of property: Industrial use - warehousing and distribution of flooring products
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 : 6/6/18 - Board of Commissioners - refer to the Business and Economic Developm
18-3986
Sponsored by: Toni Preckwinkle (President) and Timothy O. Schneider, Cook County Board of Commissioners
Proposed Resolution
Wolf Family Enterprises, 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: Wolf Family Enterprises, LLC
Address: 1001 Morse Avenue, Elk Grove Village
Municipality or Unincorporated Township: Elk Grove Village
Cook County District: 15
Permanent Index Number: 08-34-308-002-0000
Municipal Resolution Number: Elk Grove Village, Resolution Number 45-16
Number of month property vacant/abandoned: 13 months vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: Three (3) to Five (5) full-time jobs
Estimated Number of jobs retained at this location: 25 full-time jobs, 10 part-time jobs
Estimated Number of employees in Cook County: Same as above
Estimated Number of construction jobs: 10-20 construction jobs
Proposed use of property: Industrial use, manufacturing and distribution for remanufacturing and distribution of aluminum wheels
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 : 6/6/18 - Board of Commissioners - refer to the Business and Economic Developm
18-3987
Sponsored by: Toni Preckwinkle (President) and Sean M. Morrison, Cook County Board of Commissioners
Proposed Resolution
Mlrp Messenger, 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: MLRP Messenger, LLC
Address: 100 E. Howard Avenue, Des Plaines, Illinois
Municipality or Unincorporated Township: Des Plaines
Cook County District: 17
Permanent Index Number: 09-30-101-035-0000
Municipal Resolution Number: City of Des Plaines, Resolution Number R-70-18
Number of month property vacant/abandoned: 43 months vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 25-70 full-time jobs
Estimated Number of jobs retained at this location: Not available
Estimated Number of employees in Cook County: Not available
Estimated Number of construction jobs: 10 construction jobs
Proposed use of property: Industrial use, warehousing and/or distribution
Living Wage Ordinance Compliance Affidavit Provided: Yes or No
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
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