Cook County Property Tax Incentive Classification
Services include research, providing supporting documentation and negotiations with a Municipality and County for Class 6(b)/7(b) designation. As part of our services, Kane & Co. anticipates that it will perform many of the following services:
Phase I: Strategic Assessment
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Gather and analyze information related to investment and job creation opportunities, including rehabilitation and modernization of the subject property.
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Initiate preliminary incentive negotiation discussions with municipal and county government officials.
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Identify the steps required to obtain the Class 6(b)/7(b) designation.
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Quantify an estimated range of monetary value of the benefits available to the Company.
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Quantify an estimated cost/benefit analysis.
Phase II: Negotiation
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Design, develop, and execute an overall negotiation strategy for obtaining and maximizing the Class 6(b)/7(b) designation.
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Gather additional project information and review development plans and other activities that may increase benefits.
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Arrange and attend meetings with the government officials to commence the negotiation process.
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Negotiate the incentive package with government officials.
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