Business and Economic Development Committee
Wed, Oct 21, 2026 · 2:30 PM Central · Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
County's note: Issued on: 10/15/2026
Agenda items
- 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
- COMMITTEE MINUTES Approval of the minutes from the meeting of 09/22/2026.
- PROPOSED RESOLUTION AUTHORIZATION FOR COOK COUNTY’S CONTINUED PARTICIPATION IN THE GREATER CHICAGOLAND ECONOMIC PARTNERSHIP (GCEP) WHEREAS, in 2022 the elected officials of the seven counties of northeastern Illinois, the City of Chicago and corresponding economic development organizations (the Parties) agreed to partner and collaborate to advance economic d…
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PROPOSED RESOLUTION AUTHORIZATION FOR COOK COUNTY’S CONTINUED PARTICIPATION IN THE GREATER CHICAGOLAND ECONOMIC PARTNERSHIP (GCEP) WHEREAS, in 2022 the elected officials of the seven counties of northeastern Illinois, the City of Chicago and corresponding economic development organizations (the Parties) agreed to partner and collaborate to advance economic development within the region; and WHEREAS, the Cook County Board approved Item 22-5730 authorizing the Chief of the Bureau of Economic Development, or his or her designee, to sign an agreement outlining the County’s annual financial contribution and the proposed scope of work to support a three-year pilot initiative; and WHEREAS, in 2025 the Parties clearly recognized positive outcomes for the Chicago region resulting from the pilot program, all Parties agreed to a one-year extension to develop a sustainable model to carry to organization forward; and WHEREAS, the Cook County Board approved Item 25-3921 continue and support GCEP through 2026 with funds in the Bureau of Economic Development’s FY 2025 budget; and WHEREAS, the Parties have agreed to leverage and build on the success of the pilot phase; and WHEREAS, the Parties reaffirm their commitment to collaboratively advancing regional economic development by pursuing a unified approach to business development initiatives that promote inclusive growth, attract investment, strengthen systems and programs, and enhance Chicagoland’s global competitiveness; and WHEREAS, to advance these objectives, the Parties will develop an Annual Workplan-approved by the GCEP Executive Committee-that outlines strategies to strengthen key economic sectors by retaining and expanding existing businesses, attracting new businesses, and showcasing the region’s economic development ecosystem in ways that promote inclusive and equitable growth; and WHEREAS, the Annual Workplan will identify strategic priorities, membership engagement activities, program development, and outreach efforts - PROPOSED RESOLUTION A RESOLUTION ESTABLISHING A COOK COUNTY LAND BANK VACANT LAND PROPERTY TAX INCENTIVE FOR VACANT PROPERTY ACQUIRED BY THE COOK COUNTY LAND BANK AUTHORITY WHEREAS, Cook County is a home rule unit of local government pursuant to Article VII, Section 6 of the Illinois Constitution; and WHEREAS, Cook County currently provides property tax ince…
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PROPOSED RESOLUTION A RESOLUTION ESTABLISHING A COOK COUNTY LAND BANK VACANT LAND PROPERTY TAX INCENTIVE FOR VACANT PROPERTY ACQUIRED BY THE COOK COUNTY LAND BANK AUTHORITY WHEREAS, Cook County is a home rule unit of local government pursuant to Article VII, Section 6 of the Illinois Constitution; and WHEREAS, Cook County currently provides property tax incentives, including Class 7b, to encourage investment, redevelopment, rehabilitation, and productive reuse of property; and WHEREAS, Class 7b provides qualifying commercial properties with a reduced assessment level of 10 percent for ten years, 15 percent in the eleventh year, and 20 percent in the twelfth year; and WHEREAS, existing property tax incentives are primarily structured around buildings and development projects and do not adequately address the distinct challenges associated with vacant land that must first be acquired, assembled, remediated, planned, and prepared for productive reuse; and WHEREAS, the Cook County Land Bank Authority ("CCLBA") acquires vacant, abandoned, and distressed properties and facilitates their return to productive use; and WHEREAS, strategic acquisition and assembly of vacant parcels can support affordable housing, homeownership, community ownership, community land trusts, economic development, parks, open space, urban agriculture, environmental remediation, cultural uses, and other neighborhood assets; and WHEREAS, the assembly of multiple parcels may require substantial time for acquisition, title clearance, environmental assessment and remediation, zoning, surveying, infrastructure coordination, utilities, curb cuts, easements, community planning, financing, and identification of qualified development or community ownership partners; and WHEREAS, a temporary property tax incentive during this land assembly period would reduce the carrying costs associated with vacant land and facilitate coordinated, neighborhood-scale acquisition and redevelopment; and WHEREAS, such an incent - PROPOSED RESOLUTION Johnny Rose Barbecue, 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: Johnny Rose Barbecue, LLC Address: 12807 S. Ashland Avenue, Calumet Park, Illinois Municipal…
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PROPOSED RESOLUTION Johnny Rose Barbecue, 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: Johnny Rose Barbecue, LLC Address: 12807 S. Ashland Avenue, Calumet Park, Illinois Municipality or Unincorporated Township: Village of Calumet Park Cook County District: 5th District Permanent Index Number: 25-32-103-001-0000 25-32-103-002-0000, 25-32-103-003-0000 and 25-32-103-004-0000 Municipal Resolution Number: Village of Calumet Park , Resolution Number 26-1328 Number of month property vacant/abandoned: 18 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - restaurant 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 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 12 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 at least 12 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 Clas - PROPOSED RESOLUTION Calumet City Partners 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: Calumet City Partners LLC Address: 500 River Oaks Dr., Calumet City, Illinois Municipality o…
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PROPOSED RESOLUTION Calumet City Partners 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: Calumet City Partners LLC Address: 500 River Oaks Dr., Calumet City, Illinois Municipality or Unincorporated Township: City of Calumet City Cook County District: 4th District Permanent Index Number: 29-24-200-089-0000 Municipal Resolution Number: City of Calumet City, Resolution #26-13 Number of month property vacant/abandoned: Partially vacant purchased from a government entity Special circumstances justification requested: Yes Proposed use of property: Commercial use - Retail Living Wage Ordinance Compliance Affidavit Provided: 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 12 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 12 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 ab - PROPOSED RESOLUTION Hey Dad 5 Holdings, 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: Hey Dad 5 Holdings, LLC Address: 2524 Ridge Road, Lansing, Illinois Municipality or Unincorpor…
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PROPOSED RESOLUTION Hey Dad 5 Holdings, 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: Hey Dad 5 Holdings, LLC Address: 2524 Ridge Road, Lansing, Illinois Municipality or Unincorporated Township: Village of Lansing Cook County District: 4th District Permanent Index Number: 30-31-120-036-0000 30-31-120-037-0000, 30-31-120-038-0000, and 30-31-301-004-0000 Municipal Resolution Number: Village of Lansing Ordinance # 26-016 Number of month property vacant/abandoned: One (1) month Special circumstances justification requested: Yes Proposed use of property: Commercial use - Bowling Alley 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 12 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 12 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 fac - PROPOSED RESOLUTION ACE Group, 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: ACE Group, LLC Address: 2345 W 183rd St. & 18353 S. Western Ave., Homewood, Illinois Municipality or Un…
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PROPOSED RESOLUTION ACE Group, 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: ACE Group, LLC Address: 2345 W 183rd St. & 18353 S. Western Ave., Homewood, Illinois Municipality or Unincorporated Township: Village of Homewood Cook County District: 6th District Permanent Index Number: 32-06-100-050-0000, 32-06-100-051-0000, 32-06-100-052-0000, 32-06-100-075-0000, 32-06-100-078-0000 and 32-06-100-079-0000 Municipal Resolution Number: Village of Homewood Resolution Number R-3261 Number of month property vacant/abandoned: Less than 30 days vacant Special circumstances justification requested: Yes or No Proposed use of property: Commercial use - Grocery Store 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 12 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 12 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 - PROPOSED RESOLUTION 2626 Burnham, LLC/Alpha Pro, 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: 2626 Burnham, LLC/Alpha Pro, LLC Address: 2626 E. 139th Street, Burnham, Illinois Mun…
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PROPOSED RESOLUTION 2626 Burnham, LLC/Alpha Pro, 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: 2626 Burnham, LLC/Alpha Pro, LLC Address: 2626 E. 139th Street, Burnham, Illinois Municipality or Unincorporated Township: Village of Burnham Cook County District: 4th District Permanent Index Number: 30-06-101-030-0000 Municipal Resolution Number: Village of Burnham Resolution Number 2026-R-002 Number of month property vacant/abandoned: Number of months vacant pending Special circumstances justification requested: Yes Proposed use of property: Commercial use - truck repair facility 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 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 12 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 at least 12 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 stat - PROPOSED RESOLUTION Vierra Investment Properties 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: Vierra Investment Properties LLC Address: 17627 Halsted Street, Homewood, Illinois Mu…
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PROPOSED RESOLUTION Vierra Investment Properties 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: Vierra Investment Properties LLC Address: 17627 Halsted Street, Homewood, Illinois Municipality or Unincorporated Township: Village of Homewood Cook County District: 6th District Permanent Index Number: 29-33-100-065-0000 Municipal Resolution Number: Village of Homewood, Resolution R-3221 Number of month property vacant/abandoned: 13 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - Restaurant 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 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 12 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 at least 12 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 d - PROPOSED RESOLUTION ADK Matt, 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: ADK Matt, LLC Address: 4011 Lincoln Highway, Matteson, Illinois Municipality or Unincorporated Township:…
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PROPOSED RESOLUTION ADK Matt, 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: ADK Matt, LLC Address: 4011 Lincoln Highway, Matteson, Illinois Municipality or Unincorporated Township: Village of Matteson Cook County District: 6th District Permanent Index Number: 31-22-401-018-0000 Municipal Resolution Number: Village of Matteson Resolution Number 1398-0425 Number of month property vacant/abandoned: 38 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - fitness gym Living Wage Ordinance Compliance Affidavit Provided: 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 12 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 12 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 12 consecutive months upon - PROPOSED RESOLUTION Holeman Owner, 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: Holeman Owner, LLC Address: 3309 Holeman Avenue, South Chicago Heights, Illinois Municipality or Un…
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PROPOSED RESOLUTION Holeman Owner, 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: Holeman Owner, LLC Address: 3309 Holeman Avenue, South Chicago Heights, Illinois Municipality or Unincorporated Township: South Chicago Heights Cook County District: 6th District Permanent Index Number: 32-33-201-065-0000 Municipal Resolution Number: Village of South Chicago Heights Resolution NO. 2025-R-11 Number of month property vacant/abandoned: Number of months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use- warehouse, 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 County Classification System for Assessment defines abandoned property as buildings and other structures that, after having been vacant and unused for at least 12 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 12 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 th - PROPOSED RESOLUTION Tag Repair Center 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: Tag Repair Center Address: 4946 175th Street, Country Club Hills, Illinois Municipality or Unincorpo…
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PROPOSED RESOLUTION Tag Repair Center 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: Tag Repair Center Address: 4946 175th Street, Country Club Hills, Illinois Municipality or Unincorporated Township: Village of Country Club Hills Cook County District: 5th District Permanent Index Number: 28-28-406-005-0000 Municipal Resolution Number: Village of Country Club Hills, Resolution Number O-15-26 Number of month property vacant/abandoned: 78 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - Truck Repair Living Wage Ordinance Compliance Affidavit Provided: N/A 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 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 12 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 at least 12 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 necessar - 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: 1201 Busse Rd, Elk Grove Village, Illinois Municipality…
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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: 1201 Busse Rd, Elk Grove Village, Illinois Municipality or Unincorporated Township: Elk Grove Village Cook County District: 15th District Permanent Index Number: 08-26-303-013-0000 Municipal Resolution Number: Village of Elk Grove, Resolution No. 33-35 Number of month property vacant/abandoned: 12 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 Classification System for Assessment defines abandoned property as buildings and other structures that, after having been vacant and unused for at least 12 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 12 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 h - PROPOSED RESOLUTION FRG-X-ILl, LP 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: FRG-X-ILl, LP Address: Address of property Municipality or Unincorporated Township: Village of Elk Grove Coo…
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PROPOSED RESOLUTION FRG-X-ILl, LP 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: FRG-X-ILl, LP Address: Address of property Municipality or Unincorporated Township: Village of Elk Grove Cook County District: 17th District Permanent Index Number: PIN Number Municipal Resolution Number: Resolution Number, Item No. 46-16 Number of month property vacant/abandoned: Number of months vacant Special circumstances justification requested: Yes or No Proposed use of property: What will this property be used for? 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 12 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 at least 12 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 esta - PROPOSED PREVIOUSLY APPROVED ITEM AMENDMENT Department: Department Of Planning and Development Request: Scrivner’s Error, correcting Permanent Index Number Item Number: 26-1647 Fiscal Impact: N/A Account(s): N/A Original Text of Item: 1355 GREEENLEAF RT, LLC 6B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received an…
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PROPOSED PREVIOUSLY APPROVED ITEM AMENDMENT Department: Department Of Planning and Development Request: Scrivner’s Error, correcting Permanent Index Number Item Number: 26-1647 Fiscal Impact: N/A Account(s): N/A Original Text of Item: 1355 GREEENLEAF RT, 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: 1355 Greeenleaf RT, LLC Address: 1355 Greenleaf Avenue, Elk Grove Village, Illinois Municipality or Unincorporated Township: Village of Elk Grove Cook County District: 15th District Permanent Index Number: 08-34-202-015-0000 08-34-202-034-0000 Municipal Resolution Number: Village of Elk Grove Resolution Number 66-21 Number of month property vacant/abandoned: One (1) month vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, manufacturing, and/or 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 at least 12 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 12 months and purchase for value, by a purchaser in whom the seller has no direct financial interest, the - PROPOSED RESOLUTION COOK COUNTY PILOT PROGRAM FOR ACQUISITION OF TAX CERTIFICATES WHEREAS, the Illinois General Assembly enacted Public Act 104-0553, establishing a pilot program that authorizes Cook County to directly acquire tax certificates for tax-delinquent properties; and WHEREAS, the implementation of this pilot program will promote government transpa…
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PROPOSED RESOLUTION COOK COUNTY PILOT PROGRAM FOR ACQUISITION OF TAX CERTIFICATES WHEREAS, the Illinois General Assembly enacted Public Act 104-0553, establishing a pilot program that authorizes Cook County to directly acquire tax certificates for tax-delinquent properties; and WHEREAS, the implementation of this pilot program will promote government transparency, protect vulnerable homeowners and help stabilize the property tax system within Cook County; and WHEREAS, the pilot program allows Cook County, as Trustee under 35 ILCS 200/21-90, to acquire up to 100 tax certificates for properties offered at each of the first six annual tax sales to occur after the effective date of Public Act 104-0553 so long as, during the tax year for which judgment and order of sale was rendered, the properties received a general homestead exemption and were among the 100 lowest total tax amounts billed prior to adjustment by homestead exemptions; and WHEREAS, pursuant to 35 ILCS 200/21-385(d), the Cook County Clerk is authorized to administer payment plans and waive interest for owners of tax delinquent properties in their respective redemption periods; and WHEREAS, pursuant to 35 ILCS 200/21-191, Cook County must transmit to the Cook County Clerk and Cook County Treasurer a list of properties proposed for acquisition under the pilot program; and WHEREAS, counties participating in the pilot program must submit an annual report to the Illinois General Assembly and the Illinois Department of Revenue no later than the third Wednesday of February of each year. NOW, THEREFORE BE IT RESOLVED, that the Cook County President and the Cook County Board of Commissioners hereby formally adopts and authorizes the implementation of the Tax-Delinquent Property Pilot Program as established and authorized by Illinois Public Act 104-0553; and BE IT FURTHER RESOLVED, that the Cook County Bureau of Economic Development shall be the primary entity responsible for developing the necessary procedures and
Item titles as published by Cook County. Supporting documents are on the county's meeting page.