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PROPOSED NO CASH BID REQUEST
Requestor: Michael W. Glotz, Mayor, Village of Tinley Park
Request: Approval of No Cash Bid Request
Location: Village of Tinley Park
Volume and Property Index Number:
034, 28-30-302-063-0000; 034, 28-30-312-027-0000.
Summary: Please allow this cover letter to serve as the Village of Tinley Park’s request for participation in the Cook County No Cash Bid Program for the two (2) parcels listed below which are both in Bremen Township. The Village of Tinley Park’s request package contains two (2) parcels of vacant land. PIN# 28-30-302-063-0000 is zoned for residential use. PIN# 28-30-312-027-0000 is zoned in the downtown general district. It is the Village’s intent to acquire each of the two (2) parcels listed above for public uses, such as open space or possible parking. The Village herein represents that it does not have any agreements or proposals at this time from any third-party developer, organization or other private entity pertaining to the development, transfer, sale or use of any of the two (2) parcels described above.
If the Village is successful in receiving a Certificate of Purchase for the above-described parcels, the Village will retain legal counsel to obtain the tax deed for each such parcel and bear all legal and other costs associated with the acquisition of the parcels. Additionally, the Village will file for and maintain tax exempt status on the parcels for so long as the Village possesses title to said parcels. Additionally, the Village will submit to the Cook County Bureau of Economic Development, No Cash Bid Reports on the status of each parcel for five years as required by the Cook County No Cash Bid Ordinance. The Village agrees to submit to the Cook County Department of Planning and Development a No Cash Bid Report on the status of the Property for five (5) years, or until development is complete, whichever occurs last, as required by the Cook County No Cash Bid Ordinance.
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