CCLBA Land Transactions Committee

Development

Housing

Friday, March 4, 2022
10:00 a.m. CST

Remote

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Reporting

Edited and summarized by the Chicago - IL Documenters Team

Note-taking by Ayesha Riaz

Electric vehicle charging, Roofing company, Scavenger Sale, Land Bank pricing

View notes

Live reporting by Helena Duncan

Electric vehicle charging, Roofing company, Scavenger Sale, Land Bank pricing

Helena @hd_documenter

Good morning! In just a moment I'll be live-tweeting a meeting of the @CCLBA Land Transactions Committee for @CHIdocumenters.

CCLBA, a Cook County agency, is the largest land bank by geography in the country.

10:01 AM Mar 4, 2022 CST

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It was created in 2013 "to address the large inventory of vacant residential, industrial and commercial property in Cook County."

The agenda for today's committee meeting includes presentations on these three properties https://t.co/IERLGlFRiz

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The meeting gets started at 10:06. Director Peter Friedman takes roll. There are no public commenters. Friedman says one of the 3 projects, the one at 452 E 103rd St, will be deferred until another meeting

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Yves Hughes, the prospective buyer, starts presenting on the 6104 Roosevelt Road property in Oak Park. His project is called T-Station. The property is currently a vacant commercial lot, and the purchase price is $115,000. He'll be funding it entirely with cash

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T-Station will be an innovative parking/charging station for EV (electric vehicles), like a "gas station of the future." It'll offer short-term parking while charging your EV.

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This would be T-Station's first location and Hughes, who grew up in Oak Park, is hoping to open a second one next year.

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Hughes says there's not much to do while you're charging your car, so, he's hoping T-Station can provide fast, free wifi, and a secure place to leave your car and go explore nearby restaurants/businesses.

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Here's more about Hughes https://t.co/MW8Z4zAhLm

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Here's what the lot looks like now.

Hughes says T-Station will fulfill a future community need while creating a more sustainable environment, as 50% of all cars sold in the US will be EV by 2030.

"We're excited to get started, we've been planning for at least a year," he says https://t.co/YwnQc9soV4

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The committee members congratulate Hughes and say the project is innovative and timely. Director Friedman asks where the power's coming from. Hughes says there is power to the site already, it'll be through ComEd's commercial service.

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They intend to add solar charging down the line, though.

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The committee unanimously approves entering into the purchase agreement for this property.

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The next presentation is for 4521 W Ogden, Chicago. The proposed buyer is LXI Construction. This is a vacant commercial lot, with a 2017 tax certificate, that the Land Bank acquired in 2021. The purchase price is $90,000.

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Rocio Medina of LXI Construction presents. She says she was driving by it when it seemed perfect for her roofing business. She'll be funding it with cash.

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"Right now we do not have the space to park our trucks," Medina says. This project would provide a parking space for her company's work vehicles.

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Medina has been in the roofing industry for about 10 years. Her small business is growing and having this location will help them expand.

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Medina says she met with 22nd Ward Alder Mike Rodriguez and he approved of her project.

Medina says this will help her business create more job positions for roofers, construction workers and landscapers.

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"I love seeing a Latina in business," says Director Joy Aruguete.

The committee approves the purchase sale agreement unanimously.

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Now, Executive Director Eleanor Gorski delivers the monthly CCLBA activities report. https://t.co/dATxrzmEE4

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The Chicago City Council's Housing & Real Estate Committee is considering an ordinance change that would allow landbanking agreements between the city & the land bank. Gorski says she'll probably testify at the hearing where that ordinance is considered this month

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This year's Scavenger Sale just ended on March 2. Nearly 30,000 parcels were offered. The Land Bank successfully bid on 1,951 properties.

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Friedman says he's curious how many of those properties is there actually more than one bid on?

Dugo says generally it was very competitive this year, especially among tax buyers bidding on particular properties. Sometimes bids went in increments of $100 or $1000.

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This image shows the Land Bank's focus areas for the scavenger sale https://t.co/rC3ybk3gHs

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Gorski says the CCLBA has been working on a new pricing strategy, asks the committee for feedback before it's presented to the whole Board

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This is to create more transparency so people know the Land Bank isn't just "kicking out numbers," acquisitions specialist Elisha Sanders says. https://t.co/Ky33SWMhXg

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"We just want to make sure we're very transparent regarding where we get our sourcing from and the pricing...because people always have inquiries," Sanders says.

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Acquisitions specialist Anthony Blakely is now presenting on the new CCLBA Scorecard Pilot, which will add understanding and clarity to "ensure that CCLBA's offer review process remains true to our mission of removing barriers to buyer applicants in a fair and consistent manner."

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Last month's meeting minutes & transaction report are approved and Friedman says they will be posted on the website.

Friedman does not have a chairman's report to give. With that, the meeting adjourns at 10:59AM.

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Check out cookcountylandbank.org for more info on what CCLBA does, and head to documenters.org for full meeting notes later on #ChiDocumenters 🏘️

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Agency Information

Cook County Land Bank Authority

www.cookcountylandbank.org

(312) 603-8015

Info@CookCountyLandBank.org

@CCLBA ‏

See Documenters reporting

The Cook County Land Bank Authority acquires, holds, and transfers interest in real estate properties throughout Cook County to promote redevelopment and reuse of vacant, abandoned, foreclosed or tax-delinquent properties and support targeted efforts to stabilize neighborhoods. It was formed by ordinance of Cook County in 2013 to address the large inventory of vacant residential, industrial and commercial property in Cook County. The CCLBA is the largest land bank by geography in the country and is governed by a Board of Directors appointed by the Cook County Board of Commissioners.

Remote meetings have been held via Zoom. CCLBA’s website calendar indicates meetings with dots; if you click on a date with a dot, then click on the event listing that appears below, you’ll be taken to a details page for that meeting. A Zoom webinar registration link is usually posted there closer to the scheduled meeting date.