Cook County Board of Commissioners Minutes Sept 2023
Builders Chicago Corp granted Class 6b tax incentive
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Description
Cook County granted a Class 6b property tax incentive to Builders Chicago Corp for an industrial property in Elk Grove Village that had been vacant for seven months. The incentive provides a phased reduced assessment over 12 years based on a special‑circumstances abandonment finding.
Contract Details
Vendor
BUILDERS CHICAGO CORP
Agency
Cook County, IL
Contract Type
FINANCIAL_SERVICES
Document Date
September 12, 2023
Contract Term
10% of market value for 10 years, 15% for the 11th year, 20% for the 12th year
Renewal Info
Initial Class 6b incentive with special‑circumstances abandonment; assessed at 10% for 10 years, 15% in year 11, and 20% in year 12.
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