Suffredin- For a Better Cook County  
 

Accountability
Forest Preserves
Public Safety
Cook County Budget
Forest Pres. Budget
Property Tax Appeal
Health & Hospitals
Land Bank Authority
Policy Resolutions
Unsung Heroine

 

   
 
   
   
 
   
     
  Office phone numbers:  
   
 
 

The Cook County Code of Ordinances are the current laws of Cook County.

   
 

Search current and proposed Cook County Legislation in Larry's exclusive legislative library.

   
  Cook County Hospital fills more outpatient prescriptions every day than are filled at 26 Walgreen's drug store combined.
   
     
     
     



Cook County tax incentive could pave way for Wingstop, Dunkin' Donuts on Elgin's Summit Street

Tuesday, August 21, 2018
Chicago Tribune
by Mike Danahey

Cook County tax incentive could pave way for Wingstop, Dunkin' Donuts on Elgin's Summit Street

A tax incentive that would pave the way for a Dunkin’ Donuts and Wingstop fast-food restaurant to be built on Elgin’s east side will be discussed Wednesday by the Elgin City Council.

“The area to be developed is the outlot located in front of 830 Summit St.,” Elgin Communications Specialist Molly Center said.

The development is proposed by Shree Kaira, which has a $355,000 contract to purchase the vacant lot and estimates it will cost $750,000 to building the two adjoining businesses, according to documents submitted to the city. Center said the lot has been empty at least since 1973.

If approved, it would be the second Wingstop in Elgin, the first being on South Randall Road, and the ninth Dunkin’ Donuts location.

The lot is in Cook County and close to Kane County. As such, it might be eligible for a Cook County Class 7c tax incentive.Taking into account that Cook’s property taxes are higher than Kane’s, the incentive uses a formula that reduces property taxes paid for at least five years.

“This is the first time staff can recall Elgin considering a 7c,” Center said.

To qualify for the incentive, the town in which the property is located must pass a resolution or ordinance supporting the Class 7c application and find that the incentive is necessary for the development to occur.

The council will discuss taking such a step at its committee of the whole meeting Wednesday.

“If we don’t do this, there won’t be anything built there,” Councilman Terry Gavin said.

“The incentive would help them get started and get them going,” Mayor Dave Kaptain said.

If it wins council support, the application would be sent to the Cook County Assessor’s Office and the Cook County Bureau of Economic Development for review.

If approved, Shree Kaira could to break ground this fall and be open by sometime next spring. The company could not be reached for comment.

Elgin staff said in documents given to the council that were the lot were to remain vacant and unimproved for the next five years, the property tax revenue generated for all taxing bodies would total about $47,720.

If the Class 7c incentive is granted by Cook County and the two businesses open at 830 Summit St., about $126,000 in property taxes would be generated over the next five years, assuming a fair market value of $560,000 for the development, staff said. If the project were built without the incentive, the landowner would pay an estimated $241,829 in property taxes over the next five years.

If the project was located in Kane County, Elgin staff estimates the total property taxes generated over five years would be about $95,190.

mdanahey@tribpub.com



Recent Headlines

U.S. appeals judges: Go fight over lawsuits with Dorothy Brown in state court
Sunday, November 13, 2918
Chicago Sun-Times

She's been waiting 15 months for her rape kit to be processed. A new proposal to track evidence aims to change that.
Wednesday, November 14, 2018
Chicago Tribune

Preckwinkle to unveil policy roadmap for Cook County for next five years
Wednesday, November 14, 2018
Chicago Sun-Times

COMMENTARY: Here's how the Shakman case curbed Cook County patronage
Tuesday, November 13, 2018
Chicago Tribune

Appeals court backs Dorothy Brown in lawsuit over public access to electronic records, says judge overstepped authority
Tuesday, November 13, 2018
Chicago Tribune

What’s Next As Voters Overwhelmingly Support Higher Minimum Wage, Paid Sick Time
Monday, November 12, 2018
Journal and Topics Online

Cook County Board President Toni Preckwinkle's security chief fired after review spurred by watchdog report
Thursday, November 08, 2018
Chicago Tribune

An earlier opening day: 2019 Cook County forest preserves permits go on sale Nov. 15
Thursday, November 08, 2018
Chicago Tribune

Cook County opening 2019 picnic permit sales Nov. 15
Monday, November 05, 2018
Special to suffredin.org

The Cook County Land Bank looks to go commercial
Monday, November 05, 2018
RE Journal

Nov. 15 is new opening date for Cook County forest preserves permits
Monday, November 05, 2018
Daily Herald

Cook County Gun Dealer, Minimum Wage Referendums On Ballot
Monday, November 05, 2018
Patch

The Abandoned WWI Monument One Chicago Man Is Determined To Save
Friday, November 02, 2018
Chicago Patch

Cook County freed from federal oversight
Thursday, November 01, 2018
Chicago Daily Law Bulletin

First-of-its-kind trauma recovery center serves survivors of domestic violence, hate crimes, sexual assault, gun violence in Cook County
Monday, October 29, 2018
ABC 7

Northbrook opts in to Cook County paid sick leave ordinance, more uncertainty for employers, lawyer says
Monday, October 29, 2018
Cook County Record

First-of-its-kind Advocate Trauma Recovery Center serves survivors of domestic violence, hate crimes, sexual assault, gun violence in Cook County
Monday, October 29, 2018
WLS Channel 7

Cook County sheriff, CVS team up on safe prescription painkiller disposal
Saturday, October 27, 2018
Chicago Sun-Times

HOPE Court, created to keep probationers out of prison, shut down amid problems
Friday, October 26, 2018
Chicago Sun-Times

Can Kaegi really reform the assessor's office?
Friday, October 26, 2018
Crain's Chicago Business

all news items

Paid for by Larry Suffredin and not at taxpayer expense. A Haymarket Production.
^ TOP