Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Burr Ridge board backs Cook County 6b extension for 144 Tower Drive after late filing
Summary
The board supported a Cook County Class 6b tax‑incentive extension for 144 Tower Drive, citing tenant retention and a $750,000 planned investment by the owner; trustees questioned the late timing and precedent but approved a supporting resolution 4–0.
The Burr Ridge Board of Trustees voted 4–0 on July 14 to pass a resolution supporting a Cook County Class 6b property‑tax incentive extension for 144 Tower Drive, a commercial property on the Cook County side of the village.
Evan (village staff) explained that a Class 6b classification is a Cook County incentive intended to encourage industrial development by lowering the assessment (staff described the mechanism as reducing assessment from 25% to 10% and producing an effective property‑tax reduction of roughly 60% for 10 years). He said the property already has had prior 6b incentives and that this request would be a further extension.
Sean King, representing petitioner Ryan, told the board the ownership plans to invest about $750,000 in building improvements — parking lot, HVAC and roof work — and argued the incentive would help keep long‑term tenants and maintain the building’s competitiveness. “They’re committed to putting in over $750,000 in improvements in the building,” Sean King said.
Trustees pushed back on timing and precedent. One trustee questioned why the owner sought the extension at the last moment and whether due diligence had been done when the property changed hands; the petitioner’s representative said the application and backup materials were part of the submission and that county rules limit renewal timing to about the 10th year of the incentive. Staff noted the Economic Development Commission recommended support 4–1.
Because Cook County makes the final eligibility decision, the resolution is a municipal expression of support rather than a county approval. The board recorded a unanimous 4–0 vote with two trustees absent.
The petitioner agreed to provide a letter committing to the promised tenant improvements; staff said the county’s application deadline required action by July 16. With board support, the village will forward the resolution to Cook County as part of the county’s review process.
Next step: village staff to provide written commitment of improvements and forward the supporting resolution to Cook County for final determination.
