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.

   
  Eighteen of the 20 largest banks in the world and more than 50 foreign banks have offices in Cook County.
   
     
     
     



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

Illinois Supreme Court sets civil, criminal fee schedule
Thursday, February 14, 2019
Chicago Daily Law Bulletin

Seniors: Are your Cook County property taxes delinquent? Your home could be at risk
Thursday, February 14, 2019
WLS Abc 7 Chicago

Editorial: Look out, taxpayers: When governments have more pensioners than employees
Thursday, February 14, 2019
Chicago Tribune

Hundreds of accused criminals on electronic monitoring are missing
Wednesday, February 13, 2019
ABC Channel 7

Glenview adopts Cook County minimum wage and sick leave ordinances, effective July 1
Tuesday, February 12, 2019
Chicago Tribune

Lawsuit over property tax assessments survives challenge
Monday, February 11, 2019
Chicago Daily Law Bulletin

EXPERIENCE THE HEALTH BENEFITS OF THE FOREST PRESERVES THROUGHOUT WINTER
Thursday, February 07, 2019
Special to suffredin.org

Cook County Jail detainee dies at Stroger Hospital
Thursday, February 07, 2019
Chicago Sun-Times

The Cook County Sheriff’s Office Says Its Gang Database Is on Lockdown, but Questions Remain
Thursday, February 07, 2019
Pro Publica

Charges dismissed against man accused of threatening judge
Thursday, February 07, 2019
Daily Herald

Double Down: Twin Brothers Rehabbing Chicago
Wednesday, February 06, 2019
Chicago Defender

Slowik: Residents, officials celebrate rehab work at public housing sites
Wednesday, February 06, 2019
Daily Southtown

Class action: Evanston can't charge 'convenience fees' to people paying tickets online
Wednesday, February 06, 2019
Cook County Rercord

390 arrested in nationwide prostitution sting, including 38 in Cook County
Wednesday, February 06, 2019
Chicago Sun-Times

As we build a road, we will protect the forest preserves
Wednesday, February 06, 2019
Chicago Sun-Times

Campaign to weed out European buckthorn across the suburbs
Tuesday, February 05, 2019
Northwest Herald

Airbnb hosts in Cook County earned $109 million last year: report
Monday, February 04, 2019
Chicago Sun-Times

Cook County senior exemption deadline extended
Monday, February 04, 2019
Daily Herald

Decadelong legal battle over Barrington Hills horse farm — eyed as huge forest preserve — may be nearing resolution
Monday, February 04, 2019
Chicago Tribune

EDITORIAL: Protect iconic forest preserve from concrete overkill
Sunday, February 03, 2019
Chicago Sun-Times

all news items

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