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PROPOSED RESOLUTION
STEEL SUPPLY COMPANY CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) application containing the following information:
Applicant: Steel Supply Company
Address: 5105 Newport Drive, Rolling Meadows, Illinois
Length of time at current location: 47
Length of time property under same ownership: 50 Years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 50 Years
Municipality or Unincorporated Township: Rolling Meadows
Cook County District: 15
Permanent Index Number(s): 08-08-303-005-0000
Municipal Resolution Number: Resolution No. 17-R-18
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: Four (4)
Has justification for the Class 6b SER program been provided?: Yes
Estimated # of jobs created by this project: None
Estimated # of jobs retained at this location: 51 full-time jobs
Estimated # of employees in Cook County: Same as above
Estimated # of construction jobs: None
Proposed use of property: Industrial - Manufacturing: Manufacturing, warehousing and distribution of steel finish bars and tubular products
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) that provides an applicant a reduction in the assessment level for a long-term existing industrial enterprise that meets the qualifications of the SER program ; and
WHEREAS, the Cook County Classification System for Assessment requires that an applicant under the Class 6b SER program provide evidence justifying their participation in the subject program; and
WHEREAS, Class 6b SER requires a resolution by the County Board validating the pro...
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