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PROPOSED NO CASH BID REQUEST
Requestor: Jeffery Sherwin, Mayor, City of Northlake
Request: Approval of No Cash Bid Request
Location: City of Northlake
Volume and Property Index Number:
071, 12-32-409-022-0000.
Summary: This letter is to express the City of Northlake’s interest in receiving a No Cash Bid for a parcel located in Northlake. The permanent index number of the parcel requested is:
This Request Package contains 1 PIN (the “Subject Property”). The PIN requested currently contains an owner-occupied commercial structure on a parcel in the City of Northlake (“City”). It is the intent of the City, as part of its overall economic development strategy, to acquire the Subject Property and return it to a beneficial use for the citizens of the City. The Subject Property is a commercial building which, to the best of our knowledge, is occupied by the owner, Chicago Performance, a motorcycle accessory shop. The structure is currently in disrepair and blighted and the City would like to see the property used as a retail establishment. The City would sell the property to a potential new occupant.
The City has retained legal counsel in order to obtain the tax deed and will bear all costs associated with the acquisition of the parcel. In accordance with the requirements of the Cook County No Cash Bid Ordinance, the City will submit to the Cook County Office of Economic Development a No Cash Bid Report on the status of each parcel for five years or until development is complete, whichever comes last. In accordance with the requirements of the Cook County No Cash Bid Program, the City hereby certifies that it does not have an identified third-party requestor associated with the filing of this application and will accordingly take the necessary steps to have the Subject Property 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.
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