File #: 23-4487    Version: 1 Name: PICO Chemical/4000 E. 16th LLC
Type: Resolution (Class 6B) SER Status: Approved
File created: 8/16/2023 In control: Business and Economic Development Committee
On agenda: 9/21/2023 Final action: 10/19/2023
Title: PROPOSED RESOLUTION PICO Chemical/4000 E. 16th LLC 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: PICO Chemical/4000 E. 16th LLC Address: 400 E. 16th Street, Chicago Heights, Illinois Length of time at current location: 26 years Length of time property under same ownership: 26 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 62 Years Municipality or Unincorporated Township: Bloom Cook County District: 5th District Permanent Index Number(s): 32-22-300-039-0000 Municipal Resolution Number: Village of Chicago Heights, Resolution Number 2021-121 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Obsolescence -Low ceiling heights-...
Sponsors: TONI PRECKWINKLE (President), MONICA GORDON
title
PROPOSED RESOLUTION

PICO Chemical/4000 E. 16th LLC 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: PICO Chemical/4000 E. 16th LLC

Address: 400 E. 16th Street, Chicago Heights, Illinois

Length of time at current location: 26 years

Length of time property under same ownership: 26 years

Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes

Age of the Property (Building): 62 Years

Municipality or Unincorporated Township: Bloom

Cook County District: 5th District

Permanent Index Number(s): 32-22-300-039-0000

Municipal Resolution Number: Village of Chicago Heights, Resolution Number 2021-121

Evidence of Economic Hardship: Yes

Number of blighting factors associated with the property: Obsolescence -Low ceiling heights-do not meet the stacking height of 20 + feet in newer buildings; Deterioration-noticeable deterioration of the walls with cracking and asphalt/gravel parking area is sub-standard; and Deleterious land-use or layout-the property has had several additions over its life; the layout of the facility is somewhat inefficient due to segmented development over time.

Has justification for the Class 6b SER program been provided?: Yes

Proposed use of property: Industrial - Manufacturing: Warehousing, manufacturing, and distribution

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...

Click here for full text