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PROPOSED RESOLUTION
FRG-X-ILl, LP 6B PROPERTY TAX INCENTIVE REQUEST
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information:
Applicant: FRG-X-ILl, LP
Address: Address of property
Municipality or Unincorporated Township: Village of Elk Grove
Cook County District: 17th District
Permanent Index Number: PIN Number
Municipal Resolution Number: Resolution Number, Item No. 46-16
Number of month property vacant/abandoned: Number of months vacant
Special circumstances justification requested: Yes or No
Proposed use of property: What will this property be used for?
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an abandoned industrial facility; and
WHEREAS, the Cook County Classification System for Assessment defines abandoned property as buildings and other structures that, after having been vacant and unused for at least 12 continuous months, there has been no purchased for value by a purchaser and the property is in need of substantial rehabilitation ; and
WHEREAS, in the instance where the property does not meet the definition of abandoned property, the municipality or the Board of Commissioners, may determine that special circumstances may exist that justify finding that the property is abandoned for purpose of Class 6b; and
WHEREAS, in the case of abandonment of at least 12 months and no purchase for value by a disinterested buyer, the County may determine that special circumstances justify finding the property as being deemed abandoned; and
WHEREAS, Class 6b requires a resolution by the County Board validating the property as abandoned for the purpose of Class 6b; and
WHEREAS, the municipality states the Class 6b is necessary for dev...
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