title
PROPOSED NO CASH BID REQUEST
Requestor: Lawrence L. Jackson, President, Village of Riverdale
Request: Approval of No Cash Bid Request
Location: Village of Riverdale
Volume and Property Index Number:
039, 25-32-401-012-0000; 195, 29-04-207-026-0000; 195, 29-04-207-027-0000; 195, 29-04-207-028-0000; 195, 29-04-207-038-0000; 195, 29-04-314-030-0000; 196, 29-04-415-036-0000; 196, 29-04-415-037-0000; 196, 29-04-415-038-0000; 196, 29-04-431-015-0000; 196, 29-05-202-007-0000; 196, 29-05-203-005-0000; 196, 29-05-203-006-0000; 196, 29-05-203-020-0000; 196, 29-05-401-001-0000; 196, 29-05-401-002-0000; 196, 29-05-401-012-0000; 196, 29-05-401-024-0000; 196, 29-05-413-001-0000; 196, 29-05-413-002-0000; 196, 29-05-413-003-0000; 196, 29-05-413-007-0000; 196, 29-05-413-008-0000
Summary: The permanent index numbers of the parcels requested are: While the Resolution has seventy-nine (79) PINs, this Request Package contains twenty-three (23) PINs (the “Subject Properties”); the remaining fifty-six (56) PINs are requested in other packages. The PINs requested are currently vacant land. The Village intends to use the Subject Properties for future economic development and to eliminate blight in order to return the Subject Properties to a beneficial use for the citizens of the Village, eliminate their hindrance to ongoing redevelopment efforts in the areas surrounding the Subject Properties, and enhance the Village’s economic base.
In accordance with the requirements of the Cook County No Cash Bid Program, the Village hereby certifies that it does not have an identified third-party requestor associated with the filing of this application. The Village will accordingly take the necessary steps to have the Subject Properties declared tax exempt for municipal use and will submit to the Cook County Board of Review a Real Estate Exemption Complaint for tax exempt status. The Village will maintain tax exempt status until title to the Subject Properties is transferred for redevelopment. The Village has retained legal counsel to obtain the tax deeds and will bear all legal and other costs associated with the acquisition of the parcels. The Village agrees to submit, to the Cook County Department of Planning and Development, No Cash Bid Annual Reports on the status of each parcel for five (5) years or until development is complete, whichever occurs last, as required by the Cook County No Cash Bid Ordinance.
end