Renewal of 6b Tax Incentive for Burke Property

Cook County is asked to validate and approve renewal of the Class 6b property tax incentive for Robert Burke’s industrial warehousing and distribution facility in unincorporated Stickney. The renewed incentive continues reduced assessments to support job retention and local economic benefits.

Document date · June 9, 2022

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Class 6b renewal incentive: 10 years at 10% assessment, year 11 at 15%, year 12 at 20% (renewal applicable after initial term)

Renewal

The Class 6b incentive is renewable; renewal may be applied for on or after the 10th year but before the end of the 12th year. This resolution validates and approves continuation of the reduced assessment schedule (10% for first ten years, 15% for year 11, 20% for year 12).

Document type

Agenda

Source document

Cook County Business and Economic Development Committee Agenda June 2022

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Cook County?

Burke, Robert was awarded this financial services contract by Cook County, as recorded on June 9, 2022.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Cook County Business and Economic Development Committee Agenda June 2022 (Agenda), dated June 9, 2022 from Cook County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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