Fill - Free fillable 297 Procedures And Application (Village of Wheeling) PDF form

Updated October 16, 2014

PROCEDURES AND APPLICATION

FOR VILLAGE OF WHEELING CONSIDERATION

OF COOK COUNTY REAL ESTATE CLASSIFICATION 6B

Village of Wheeling

Department of Economic Development

2 Community Boulevard

Wheeling, Illinois 60090

office 847.459.2605

email ed@wheelingil.gov

www.wheelingil.gov

Page 2

Procedures for Village of Wheeling

Review of Cook County Class 6B Property Tax Incentive:

1. Please review the Cook County Assessor’s Office Class 6B Eligibility Bulletin

(attached) before completing the Village of Wheeling’s application. The Eligibility

Bulletin will help applicants to determine if they qualify for the property tax incentive.

PLEASE NOTE THAT AN APPLICATION TO COOK COUNTY MUST BE MADE

PRIOR TO OCCUPANCY OF THE BUILDING OR COMMENCEMENT OF

CONSTRUCTION OR REHABILITATION. FAILURE TO DO SO MAY

JEOPARDIZE THE APPLICANT’S ABILITY TO QUALIFY FOR CLASS 6B.

2. Applicant must complete the Village of Wheeling’s application for a Class 6B

property tax incentive (enclosed). Contact should also be made with the Cook

County Assessor’s Office (www.cookcountyassessor.com). The completed Village

application should be submitted to Village staff who will review it for completeness.

Mail Village of Wheeling

Department of Economic Development

2 Community Boulevard

Wheeling, Illinois 60090

Fax 847.215.5175

Email ed@wheelingil.gov

Inquiries regarding the application form and review process should be directed to the

Village of Wheeling’s Department of Economic Development by email to:

ed@wheelingil.gov or phone: (847) 459.2605.

3. Application fee: The applicant must submit a $950.00 non-refundable application

fee with the application. This fee covers the cost of publication, notification and

administrative costs of the Village. Additional fees may be required if the Village’s

Director of Economic Development determines that it will be necessary to employ

third party, non-Village employee consultants to review and analyze the application,

and/or prepare reports or draft documents relative to the application or the approval

thereof.

4. Village staff will review the proposed application. After it is determined that all

necessary information has been submitted, an evaluation of the request will be

prepared and submitted to the Village Board, and staff will inform the applicant of the

date the item will appear before the Village Board for review. A written staff

recommendation will also be prepared prior to the public hearing before the Village

Board.

Page 3

5. General Note: This application should be used as a guide to provide adequate

information to the Village. The information requested is substantially similar to that

required by the County.

The applicant is requested to present the information in a format that is suggested in

the application. Supplemental information may be required should the Village

determine it necessary.

The public hearing will not be scheduled until all information requested in the

application is received. The public hearing should be attended by a representative

of the property owner and the intended industrial user. The representatives should

be prepared to respond to any questions related to the property, the plans for its use

and any intended improvements.

Please also note Village Resolution 14-40 (attached) which adopted the procedures

for the application process. The Village strictly prohibits renewals of the Class 6B

incentive.

6. The Village will publish a legal notice indicating the time and date of a public hearing

for review of the application. The notice shall be published not less than ten (10)

days prior to the scheduled public hearing date. Local taxing agencies are

specifically notified of the public hearing, and invited to attend and comment. The

applicant should be prepared to make a brief presentation at the public hearing

concerning the merits of the application.

7. The Village Board typically considers the approval of the application at the same

Village Board meeting as the scheduled public hearing and, if approved, a certified

copy of the approval Resolution will be mailed to the applicant.

8. After reading Cook County’s 6B Eligibility Bulletin, complete the Class 6B Eligibility

Application (both can be found on the Cook County Assessor’s website).

9. Submit the completed Cook County Class 6B Eligibility Application, along with any

required supporting documents, including a certified copy of the Village’s approval

Resolution, to the Cook County Assessor’s Office.

Development Incentives

Office of the Cook County Assessor

118 North Clark Street, Room 312

Chicago, IL 60602

10. The application will be kept on file in the Office of the Assessor until construction is

complete.

Page 4

11. When construction is finished, complete the Real Estate Assessed Valuation Appeal

(form 4819 obtained from Cook County) and file it with the Cook County Assessor’s

Office.

12. Final action by the Cook County Board on a request for reclassification to Class 6B

will not be taken until the Eligibility Application and all supporting documentation,

including the Village approval Resolution and the Real Estate Assessed Valuation

Appeal form are completed and filed with the Cook County Assessor’s Office.

13. The construction, expansion and/or rehabilitation must begin within one (1) year of

the date Cook County approves the application. If an application has been approved

and is not acted upon within the required one (1) year, re-application is necessary,

using the original Resolution, along with a letter from the Village indicating that the

approval Resolution is still valid.

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VILLAGE OF WHEELING - CLASS 6B APPLICATION

This original, signed application, complete with all supporting documents and the

application fee, must be filed to be considered for Village approval. Please type or print

clearly.

COVER LETTER:

Please provide a cover letter describing the applicant’s background, property condition,

and the applicant’s plans for the property, including any plans for improvement or

expansion. The narrative should also describe the industrial user’s operations, current

employment and future employment projections, and any projected benefits to the

community if the incentive should be granted.

APPLICANT INFORMATION:

Name: ____________________________________ Phone: ( ) ________________

Address: ______________________________________________________________

Agent/Representative (if applicable):

Name: ____________________________________ Phone: ( ) ________________

Address: ______________________________________________________________

DESCRIPTION OF SUBJECT PROPERTY:

Street Address: _________________________________________________________

Permanent Real Estate Index Number(s):

______________________ ________________________ _____________________

Attach following: Legal Description (Exhibit A)

Site Dimension & Square Footage/Plat (Exhibit B)

Building Dimensions/Site Plan (Exhibit C)

IDENTIFICATION OF PERSONS OR ENTITIES HAVING AN INTEREST:

Attach (as Exhibit D) a complete list of all legal owners, developers, occupants and

other interested parties (including all beneficial owners of a corporation, limited liability

company and/or land trust), identified by names and addresses, having an interest in

the subject property and the proposed user and the nature and extent of this interest.

Page 6

PROPERTY USE:

1. Attach a description of the precise nature and extent of the industrial use of the

subject property (Exhibit E). Specify, where applicable, the amount/percentage of

floor area devoted to manufacturing, other industrial, and non-industrial uses.

2. Current zoning of property: _______________________. If zoning amendments,

variations, and/or other zoning relief will be required relative to the proposed plans

for improvement or expansion, specify proposed amendment(s), variation(s) and/or

other zoning relief that will be sought:

______________________________________________________________________

3. Impact of pollution if property is developed as proposed. Specify pollutants in

reference to the following types (Exhibit F):

A. Water/type of effluent

B. Air borne contaminants

C. Toxic substances

D. Odor

E. Glare

F. Noise

4. List properties researched as possible alternative locations for proposed facility

(Exhibit G).

5. Traffic: Projected number of vehicles entering and leaving the subject property per

day:

Automobiles ______________ Trucks _______________

EVIDENCE OF NEW CONSTRUCTION, SUBSTANTIAL REHABILITATION OR

REUTILIZATION OF ABANDONED PROPERTY:

For all applications:

 Real Estate Contract (Exhibit H): attach a copy of the executed Real Estate

Contract for the subject property.

Page 7

If you are furnishing the contract requested under a claim that said information is

proprietary, privileged and/or confidential, and that disclosure thereof would cause

competitive harm to you and/or your business, please check here _____ , and

sign and date below.

By: ___________________________________

Title: ______________________________

Name: ______________________________

Date: ____ /____ /______

By adding the foregoing, the financial information that is supplied will be exempt

from disclosure, in the face of a FOIA request, pursuant to 5 ILCS 140/7(1)(g).

 Copies of most recent three (3) years' property tax bills for the existing property

(Exhibit I).

For new construction and rehabilitation:

 Architectural plans or schematic drawings (Exhibit J)

 Dates or estimated dates of construction commencement and completion:

________________________________________________________________

 Description of total cost (including land) and extent of new construction or

substantial rehabilitation (Exhibit K)

For reutilization of abandoned property:

 Duration of abandonment: include affidavits of abandonment, records from utility

companies, Internal Revenue Service statements, court records, etc. (Exhibit L)

 Abandoned or vacant buildings – In addition to the requirements of Cook County

as to the definition of such buildings, the applicant may provide documentation,

and the Village Board may wish to consider, if any combination of the factors noted

in Appendix A exist.

These criteria may be used to determine if “special circumstances” exist which

warrant the granting of a 6B classification in instances where the building has been

abandoned for fewer than twenty-five (25 )months. (Exhibit M)

Page 8

EMPLOYMENT OPPORTUNITIES:

Attach estimates of the following employment information (Exhibit N):

 Temporary employment positions (employed in construction).

 Permanent employment, both full-time and part-time, that will occur at the facility

upon occupation. Differentiate between current employees, if any, which will be

transferred from the applicant's existing facility or facilities and new employment

positions that will be created.

 Projected employment in three, five, and ten years after the subject property is

occupied.

FINANCIAL INFORMATION:

Attach the applicant's audited financial statements for the previous three (3) years

(Exhibit O). In addition, attach the most current profit/loss statement of the applicant.

If you are furnishing the financial information requested under a claim that said

information is proprietary, privileged and/or confidential, and that disclosure thereof

would cause competitive harm to you and/or your business, please check here _____ ,

and sign and date below.

By: ___________________________________

Title: ______________________________

Name: ______________________________

Date: ____ /____ /______

By adding the foregoing, the financial information that is supplied will be exempt from

disclosure, in the face of a FOIA request, pursuant to 5 ILCS 140/7(1)(g).

Please note: If the Village determines that an independent financial analysis is required,

the consulting fees associated with the analysis shall be borne by the applicant as an

additional charge, and shall be paid to the Village prior to the Village Board taking any

action on the approval Resolution.

FISCAL EFFECT:

Report the projected fiscal impact that the proposed facility will have on the Village

(Exhibit P). In the projection, provide a comparison of the property taxes for the

following scenarios:

Page 9

1) The subject property is fully occupied and receives no incentive;

2) The subject property is occupied and receives the Class 6B;

3) The subject property remains vacant and receives vacancy relief.

Also in this exhibit, include a description of sales tax generation and any other State

and/or local revenues that are anticipated to be generated.

OTHER INDUCEMENTS:

State and describe whether any other financial inducements, such as industrial

development revenue bonds, tax increment financing, State grants, etc., are anticipated

to be sought or required by the applicant (Exhibit Q).

JUSTIFICATION:

Please present your reasons for applying for the Class 6B (Exhibit R). It is the position

of the Village that valid reasons, and a demonstration that the project will not proceed

without the Class 6B, are required to receive Village approval for the reclassification.

TAX RATE AGREEMENT:

All applicants must complete the Tax Rate Agreement (attached) and submit the

executed copy with the original Village Class 6B application.

CERTIFICATION:

I hereby certify that the preceding application and all attachments are true and correct.

________________________________ ________________________________

Signature Name & Title

________________________________

Date

Page 10

TEMPORARY EMERGENCY ECONOMIC RECOVERY MODIFICATION PROGRAM

(TEERM) SUPPLEMENTAL APPLICATION

(This form is for applicants who are applying for the Class 6B property tax incentive

pursuant to Cook County’s TEERM Program.)

This supplemental eligibility application is for properties that have been abandoned (due

to special circumstances) for at least twelve (12) continuous months and less than

twenty-four (24) continuous months, with no purchase taking place.

Under the TEERM Program, qualifying industrial real estate is eligible for the Class 6B

level of assessment from the date of substantial re-occupancy of the abandoned

property. Properties receiving Class 6B will be assessed at 10% of market value for the

first ten (10) years, 15% in the eleventh (11

) year and 20% in the twelfth (12

) year.

The terms of this program are not renewable.

No TEERM Program applications will be taken after November 30, 2018.

I ________________________________ applicant/representative hereby specifically

elect to submit this Supplemental Application for the TEERM Program, consideration

relative to my application for a Class 6B property tax incentive.

Further affiant sayeth not.

________________________________ ________________________________

Agent’s Signature Agent’s Name & Title

________________________________ ________________________________

Agent’s Mailing Address Agent’s Phone Number

________________________________ ________________________________

Applicant’s Name Applicant’s Mailing Address

________________________________

Applicant’s E-mail Address

Subscribed and sworn before me this _____ day of __________________, 20_____.

____________________________________________________________________

Signature of Notary Public

Page 11

APPENDIX A

EXPLANATION OF CRITERIA FOR REUTILIZATION OF ABANDONED PROPERTY

1. AGE - Structure(s) more than 35 years old.

2. OBSOLESCENCE - The condition of falling into disuse because of:

characteristics limiting the use and marketability of structures; persistent or

chronic market rejection.

3. DETERIORATION - Physical deficiencies or disrepair in buildings or site

improvements requiring treatment or repair beyond normal maintenance.

4. LACK OF VENTILATION, LIGHT, OR SANITARY FACILITIES - Structures that

fail to provide adequate ventilation, light, or sanitary facilities as required by local

building codes.

5. INADEQUATE UTILITIES - Underground and overhead utilities which are of

insufficient capacity to serve the project; deteriorated, antiquated, obsolete, or in

disrepair.

6. EXCESSIVE COVERAGE - Ratio of floor area to lot area in excess of zoning

standards.

7. DELETERIOUS LAND USE - Incompatible land use relationships or uses which

may be considered noxious, offensive, or environmentally unsuitable.

8. DEPRECIATION OF MAINTENANCE - The effects of deferred maintenance and

the lack of maintenance of buildings, improvements, and grounds.

9. ILLEGAL USE OF INDIVIDUAL STRUCTURES

10. PRESENCE OF STRUCTURES BELOW MINIMUM CODE STANDARDS

11. DETRIMENTAL TO THE PUBLIC SAFETY, HEALTH, MORALS OR WELFARE

12. APPLICANT DESIRES TO RENOVATE OR REHABILITATE THE BUILDING

Page 12

ATTACHMENTS

1. Village of Wheeling Tax Rate Agreement

2. Cook County Class 6B Eligibility Bulletin

3. Village of Wheeling Resolution 14-40 adopting the procedures for the application

process.

Page 13

TAX RATE AGREEMENT

THIS AGREEMENT is made and entered into this ___ day of_____________, 20_____,

by and between ________________________ (hereinafter referred to as the

“Applicant”) and the Village of Wheeling (hereinafter referred to as the “Village”).

In consideration of the mutual covenants contained herein and other good and valuable

consideration, the Applicant and the Village agree as follows:

1. The Village shall issue its approval for a Cook County Class 6B to the Applicant for a

building/addition to the property legally described, as follows, (attach a separate

sheet, if necessary):

LEGAL DESCRIPTION

___________________________________________________________________

Commonly known as, (Street Address, City, County)

____________________________________________________________, Illinois.

Page 14

Permanent Index Number(s)

________________________________, ________________________________,

(hereinafter known as the “Subject Property”).

2. The Applicant shall dismiss or cause to be dismissed, with prejudice, all outstanding

tax rate objections against the Village relative to the Subject Property.

3. The Applicant shall not file or cause to be filed an objection to the tax rate of the

Village or other taxing district relative to the Subject Property for any tax period

during which the Applicant is receiving a Cook County Class 6B property tax

incentive for the Subject Property.

4. All rights, title and privileges herein granted, including all benefits and burdens, shall

run with the land and shall be binding upon and inure to the benefit of the Applicant

and the Village and, hereto, their respective grantees, successors, assigns and legal

representatives.

5. The Village may enforce any and all covenants, conditions, restrictions and

agreements contained herein by judicial action, including mandatory or prohibitory

injunction. In the event the Village is forced to enforce any terms or condition of this

Agreement, the Applicant shall pay all costs of any such enforcement action,

including the Village’s reasonable attorney fees and costs of litigation.

6. Upon the granting of the Class 6B classification relative to the subject property, this

Agreement shall be recorded by the Village at the Applicant’s expense.

Page 15

7. If the Applicant is not the Owner of Record of the Subject Property, the Owner of

Record shall executive this Agreement, thereby acknowledging the Owner of

Record’s consent to and agreement with the foregoing. (Attach a separate sheet if

necessary for all owner(s) to sign.)

________________________________ ________________________________

(Owner Signature) (Owner Signature)

________________________________ ________________________________

(Name) (Name)

________________________________ ________________________________

(Title) (Title)

ATTEST (Notary): ATTEST (Notary):

________________________________ ________________________________

VILLAGE OF WHEELING

________________________________ ________________________________

(Applicant) (President)

By: _____________________________ ________________________________

Authorized Agent (Name) (Name)

_________________________________

(Title)

ATTEST (Notary): ATTEST (Notary):

________________________________ ________________________________

1 of 4

1/25/2011

OOK

OUNTY

SSESSOR

JO S E P H BE R RIOS

OOK

OUNTY

SSESSOR

’

FFICE

118 NORTH CLARK STREET, CHICAGO, IL 60602

HONE: 312.443.7550 FAX: 312.603.3616

WWW.COOKCOUNTYASSESSOR.COM

LASS 6B

LIGIBILITY BULLETIN

Cook County Living Wage Ordinance

Please be advised that every applicant for this incentive will be required to provide an affidavit

to the Assessor’s Office to confirm compliance with the Cook County Living Wage Ordinance.

The Cook County Assessor will not grant any request for incentive classification until it

receives the required affidavit.

Incentive Benefits

The Class 6b classification is designed to encourage industrial development throughout Cook

County by offering a real estate tax incentive for the development of new industrial facilities, the

rehabilitation of existing industrial structures, and the industrial reutilization of abandoned

buildings. The goal of Class 6b is to attract new industry, stimulate expansion and retention of

existing industry and increase employment opportunities.

Under the incentive provided by Class 6b, qualifying industrial real estate would be eligible for the

Class 6b level of assessment from the date that new construction or substantial rehabilitation is

completed and initially assessed or, in the case of abandoned property, from the date of

substantial re-occupancy. Properties receiving Class 6b will be assessed at 10% of market value

for the first 10 years, 15% in the 11th year and 20% in the 12th year. This const

itutes a

substantial reduction in the level of assessment and results in significant tax savings. In the

absence of this incentive, industrial real estate would normally be assessed at 25% of its market

value.

Where buildings or other structures qualify for the incentive as new construction or as abandoned

property as defined below, the reduced level of assessment under Class 6b will apply to those

structures in their en

tirety as well as to the land upon which they are situated. Where there is

substantial rehabilitation of an existing structure which has not been abandoned, the reduced

incentive level of assessment is applicable to the additional market value attributable to the

rehabilitation, including qualified land related to the rehabilitation. (Please note that the

additional value attributable to the rehabilitation for assessment purp

oses is likely to be

lower than the actual amount spent on the rehabilitation.) Land qualifies when the

rehabilitation adds vertical or horizontal square footage to the improvements. The amount of land

eligible for the incentive shall be in such proportion as the square footage added by the

rehabilitation bears to the total square footage of the improvements on the parcel.

2 of 4

1/25/2011

Eligibility Requirements

Real estate is eligible for Class 6b status under the following conditions:

1. The real estate is used primarily for "industrial purposes".

2. There is either (a) new construction, (b) substantial rehabilitation, or (c) substantial re-

occupancy of "abandoned" property.

3. An Eligibility Application and supporting documents have been timely filed with the Office

of the Assessor according to dead

lines as set forth in the "What Must Be Filed" and "Time

for Filing" sections of this Bulletin.

4. The municipality in which such real estate is located (or the County Board, if the real

estate is located in an unincorporated area) must, by lawful resolution or ordinance,

expressly state that it supports and consents to the filing of a Class 6b Application and that

it finds Class 6b necessary for development to occur on

the subject property.

The following definitions, as set forth in the Cook County Real Property Assessment

Classification Ordinance, pertain to the Class 6b incentive provision:

Industrial purposes: "Any real estate used primarily in manufacturing ... or in the extraction

or processing of raw materials unserviceable in their natural state to create new physical

products or materials, or in the processing of materia

ls for recycling, or in the transportation or

storage of raw materials or finished or partially finished physical goods in the wholesale

distribution of such materials or goods for sale or leasing."

Manufacturing: "The material staging and production of goods used in procedures

commonly regarded as manufacturing, processing, fabrication, or assembling which changes

existing material into new shapes, new qualities,

or new combinations and including research

and development associated with the production of goods."

Abandoned property: "Buildings and other structures that, after having been vacant and

unused for at least 24 continuous months, are purchased for value by a purchaser in whom

the seller has no direct financial interest." An exception to this definition shall be, “if the

municipality or the Board of Commissioners, as the

case may be, finds that special

circumstances justify finding that the property is ‘abandoned’ for the purpose of Class 6b.”

The finding of abandonment, along with the specification of the special circumstances, shall

be included in the resolution or ordinance supporting and consenting to the incentive

application. Not withstanding the foregoing, special circumstances may not be determined

to justify finding that a property is deemed “a

bandoned” where:

A. There has been a purchase for value and the buildings and other structures have not

been vacant and unused prior to such purchase; or

B. There has been no purchase for value and the buildings and other structures have

been vacant and unused for less than 24 continuous months.

If the ordinance or resolution containing a finding of “special circumstances” is that of a

municipality, the approval of the County Board of Commiss

ioners is required to validate

such a finding that the property is deemed “abandoned” for purposes of the incentive, and a

resolution to that effect shall be included with the eligibility application.

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1/25/2011

What Must Be Filed

An applicant seeking the reclassification of real estate to Class 6b is required to file a "Class 6b

Eligibility Application" with the Office of the Assessor. At the time of filing the application, a filing

fee of $500.00 must be paid. In addition, an applicant may submit, at the same time, a certified

copy of an ordinance or resolution adopted by the municipality in which the real estate is located

(or th

e County Board, if the real estate is located in an unincorporated area) expressly stating that

it supports and consents to the filing of a Class 6b Application and that it finds Class 6b

necessary for development to occur on the subject property. If the resolution is not filed at the

time the Eligibility Application is submitted to the Assessor, the applicant must file, at that time, a

letter from the municipality or the County Board c

onfirming that a resolution or ordinance

supporting the incentive has been requested. If the applicant is seeking to apply based on the

reoccupation of abandoned property and will be seeking a finding of “special circumstances”

from the municipality, in addition to obtaining a letter from the municipality confirming that a

resolution or ordinance supporting the incentive has been requested, the applicant must also

file a letter from the County Board confirming that a resolution validating a municipal finding of

special circumstances has been requested.

Should the municipality or the County Board, at a later date, deny the applicant’s request for a

resolution or ordinance, whether or not construction or re-occupancy has begun, the applicant will

be deemed ineligible for reclassification to Class 6b. Any information that is not known or any

supporting documents that are

not available at the time of the initial filing must be submitted as a

supplement to the Application.

After the construction or re-occupancy has taken place, an applicant must also file an "Incentives

Appeal Form" requesting that the real estate be reclassified to Class 6b. At the time of filing the

appeal, an appeal fee of $100.00 must be paid. If a resolution from the municipality where the

property is located, or the

Cook County Board of Commissioners if located in an unincorporated

area, was not filed with the Eligibility Application, the applicant must file a certified copy of the

resolution or ordinance supporting the incentive at this time. No final action on a request for

reclassification to Class 6b will be taken until an Appeal and an Eligibility Application, along with

the required documentation as described therein, are completed and fil

ed with the Office of the

Assessor.

In addition, during the term of the incentive, the Class 6b recipient must file a triennial affidavit

attesting to the use of the property and the number of workers employed at the Class 6b site.

The Assessor will mail Class 6b recipients the affidavit forms at the time of their triennial

reassessments. The affidavit must be signed, notarized and returned to the Assessor within

three weeks. Failure to file

the triennial affidavits within that time will result in the loss of the

incentive.

Time for Filing

The Eligibility Application along with the appropriate resolution or letter confirming that a

resolution has been requested must be filed with the Assessor prior to, but no earlier than one

year before, commencement of new construction (excluding demolition, if any) or substantial

rehabilitation. With respect to abandoned property, the

eligibility application must be made to

the Assessor prior to the commencement of the reoccupation of the vacant and unused

property.

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1/25/2011

Where reoccupation of "abandoned" property and subsequent substantial rehabilitation is

planned, a single Eligibility Application and resolution, ordinance, or letter confirming that a

resolution has been requested, may be filed for both situations, provided that the Application is

filed prior to the commencement of reoccupation and such rehabilitation.

To finalize the classification change, a "Real Estate Assessed Valuation Appeal" must be filed

after the construction or re-occupancy has taken place. In instances where a certified copy of an

ordinance or resolution expressly stating that the municipality or County Board supports and

consents to filing of a Class 6b Application has not yet been filed, it must be filed at this time. For

the purpose of certifying final assessments on a timely basis to the Board of Appeals, deadlines

for filing Appeals are established on a township basis. Check with the Office of the Assessor to

determine when the deadline occurs for a particular township.

The 6b classification may be renewed during the last year in which a property is entitled to a

10% assessment level or when the incentive is still applied at the 15% or 20% assessment

level, by filing a renewal application and a certified copy of a resolution or ordinance adopted

by the municipality in which the

real estate is located, or by the County Board, if located in an

unincorporated area of Cook County, expressly stating that it supports and consents to the

renewal of the Class 6b incentive and that it has determined that the industrial use of the

property is necessary and beneficial to the local economy. The notice of intent to request

renewal will be forwarded by the Assessor’s Office to the Cook County Board. The owners

must notify the Assessor’s Office of their intent to request renewal at the time they request a

resolution or ordinance agreeing to the renewal from the municipality or County Board. The

number of renewal period requests is not limited.

Questions regarding Class 6b may be directed to the Development Incentives

Department of the Office of the Cook County Assessor, Room 301, 118 North Clark

Street, Chicago, Illinois 60602, (312) 603-7529.

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