Suffredin- Changing County Government  
 

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.

   
  The first blood bank in the world was established at Cook County Hospital by Dr. Bernard Fantus in 1937.
   
     
     
     



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

Pappas: There's help for senior citizens struggling to pay Cook County property taxes
Friday, December 14, 2018
Special to suffredin.org

Cook County Public Guardian sues DCFS: “Abject moral and human rights failure”
Thursday, December 13, 2018
Capitol Fax

Borrow $10B to help stabilize city pensions along with legal pot, casino and benefit cuts: Rahm
Thursday, December 13, 2018
The Daily Line

CTA Moves Forward with Major Red Line Projects:
Thursday, December 13, 2018
Special to suffredin.org

Cook County repeals lower parking-app tax rate
Wednesday, December 12, 2018
Crain's Chicago Business

How local suburbs voted in Cook County minimum wage/paid sick leave advisory referenda
Wednesday, December 12, 2018
The Bugel

Cook County restores tax on parking apps before January cut took effect
Wednesday, December 12, 2018
Chicago Tribune

County Board to take on taxes,toilets at Wednesday meeting
Tuesday, December 11, 2018
Chicago Sun-Times

PRECKWINKLE’s tax tweak — Details on BURKE raids — State REPUBLICANS look for hope — SUMMERS’ tirade
Tuesday, December 11, 2018
Illinois Politico

Woman, 19, arrested after escaping police custody at Cook County courthouse
Sunday, December 09, 2018
WLS ABC Chicago 7

Here's an exciting prospect: A boring assessor's office
Saturday, December 08, 2018
Crain's Chicago Business

Sheriff starts unique inmate program to combat Chicago's gun epidemic
Thursday, December 06, 2018
RTV 6 Indianapolis

Staff feud at tax appeals board turns nasty
Wednesday, December 05, 2018
Crain's Chicago Business

Cook County Tax Bills Posted Online Three Months Early
Wednesday, December 05, 2018
CBS Chicago

County Board makes it easier to choose Preckwinkle successor
Tuesday, December 04, 2018
Chicago Sun-Times

New Cook County assessor vows end to favoritism as he takes office
Monday, December 03, 2018
Crain's Chicago Business

New Cook County Board members sworn in Monday
Monday, December 03, 2018
Chicago Tribune

Cook County referendums: 'Yes' to everything
Wednesday, November 28, 2018
Chicago City Wire

Glenview to discuss Cook County minimum wage, paid sick leave ordinances in December
Tuesday, November 27, 2018
Chicago Tribune

Wilmette reverses course, fully adopts both county minimum wage and sick time rules
Tuesday, November 27, 2018
Chicago Tribune

all news items

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