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PROPOSED RESOLUTION
FREEDMAN SEATING COMPANY 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: Freedman Seating Company
Address: 4533 and 4545 W. Augusta Blvd., Chicago, Illinois, 60651
Length of time at current location: 25 Years
Length of time property under same ownership: 25 Years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 65 years
Municipality or Unincorporated Township: City of Chicago
Cook County District: 1st District
Permanent Index Number(s): 16-03-320-008-0000; 16-03-316-013-0000(4533 W Augusta Blvd.) and
16-03-316-011-0000 (4545 W. Augusta Blvd.)
Municipal Resolution Number: City of Chicago, Ordinance No. 020246010113
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: Dilapidation - The property suffers from notable fa?ade and roof damage, cracked concrete, etc., which will be repaired.
Obsolescence - HVAC is obsolete and will be upgraded. The office areas are heated and cooled via a forced-air system from rooftop combination units. The industrial areas are heated via suspended, gas forced-air units. A number of sleeve air-conditioning units provide cooling to warehouse office/breakroom spaces. The machinery used is outdated and will be replaced with advanced state of the art embroidery and numerous of other systems. Electrical service and distribution will need to be updated to support new equipment.
Deterioration - The property is advanced in age and is subject to staged construction and suffers from deterioration and deferred maintenance.
Has justification for the Class 6b SER program been provided?: Yes
Proposed use of property: Industrial - Manufacturing: Warehousing, manufa...
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