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Record #: R2020-353   
Type: Resolution Status: Adopted
Intro date: 5/20/2020 Current Controlling Legislative Body: Committee on Economic, Capital and Technology Development
Final action: 6/17/2020
Title: Call for hearing(s) to establish framework and criteria for revoking tax incentives in accordance with Cook County Tax Incentive Ordinance
Sponsors: Rodriguez, Michael D.
Topic: COMMITTEE/PUBLIC HEARINGS - Committee on Economic, Capital and Technology Development
Attachments: 1. R2020-353.pdf
WHEREAS, The Cook County Board of Commissioners has enacted the Cook County Tax Incentive Ordinance, Classification System for Assessment, as amended from time to time (the "County Ordinance"), which provides for, among other things, real estate tax incentives to property owners who build, rehabilitate, enhance, and occupy property that is located within Cook County, Illinois and that is used primarily for industrial purposes; and

WHEREAS, The County Ordinance requires that, in connection with the filing of a Class 6(b) eligibility application with the Assessor, the applicant must obtain from the municipality in which such real estate that is proposed for Class 6(b) designation is located a resolution expressly stating, among other things, that the municipality has determined that the incentive provided by Class 6(b) is necessary for development to occur on such real estate and that the municipality supports and consents to the Class 6(b) classification by the Assessor; and
WHEREAS, Section 74-73 of the County Ordinance permits the suspension, revocation, or cancellation of various tax incentives, including Class 6b tax incentive, in several circumstances, including by the Cook County Board at the request of the municipality in which the real estate is located by municipal resolution; and
WHEREAS, Section 74-73 of the County Ordinance includes a list of non-exhaustive factors that could form the basis of the suspension, revocation, or cancellation of a tax incentive, including violating provisions of the County Ordinance, delinquencies in payment of property taxes, and inaccuracies in economic disclosure statements; and

WHEREAS, In addition to the considerations outlined in the County Ordinance, the City is a home rule unit of local government by virtue of Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois and, as such, may exercise any power and perform any function pertaining to its government and affairs, including valid ex...

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