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PROPOSED NO CASH BID REQUEST
Requestor: Domingo F. Vargas, Mayor, City of Blue Island
Request: Approval of No Cash Bid Request
Location: City of Blue Island
Volume and Property Index Number:
196, 24-36-205-024-0000; 196, 24-36-205-025-0000
Summary: The City of Blue Island is seeking a No Cash Bid for the following tax delinquent parcels. This request package contains two (2) PINs. This property vacant land with an unoccupied shed in a commercial area. Future plans include removing the shed and considering the parcels for future commercial development.
The City of Blue Island will file for tax exempt status until the time a tax deed may be conveyed to a developer. At this time, a third party developer has not been identified. The municipality has retained a firm to perfect the tax deed and will bear all legal and other costs associated with the acquisition of the parcels. The City of Blue Island will submit annual No Cash Bid reports to the Cook County Bureau of Economic Development for the following five years or until development is complete, whichever occurs last.
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