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PROPOSED RESOLUTION
PARAMOUNT TRUCK BODY CO. OR ITS NOMINEE, UNINCORPORATED COOK COUNTY 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: Paramount Truck Body Co. or its Nominee
Address: 4929 S. Mason Avenue, Chicago, Illinois 60638
Municipality or Unincorporated Township: Unincorporated Township Stickney
Cook County District: 16
Permanent Index Number: 19-08-202-036-0000
Municipal Resolution Number: N/A Unincorporated Cook County
Number of month property vacant/abandoned: Number of months vacant 60 months
Special circumstances justification requested: No
Estimated Number of jobs created by this project: Three (3) - five (5) full-time jobs, over the next five (5) years
Estimated Number of jobs retained at this location: 13 full-time jobs
Estimated Number of employees in Cook County: Same as above
Estimated Number of construction jobs: 10-12 construction jobs
Proposed use of property: Manufacturing and assembly of fabricated box trucks and flatbeds
Living Wage Ordinance Compliance Affidavit Provided: Yes, an Economic Disclosure Statement has been received by the Bureau of Economic Development
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 24 continuous months, have been purchased for value by a purchaser in whom the seller has no direct financial interest; 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 sp...
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