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PROPOSED RESOLUTION
Bubbly Dynamics, 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: Bubbly Dynamics, LLC
Address: 4501- 4513 S McDowell Ave, 4516 S Loomis, Chicago, Illinois
Length of time at current location: 14 Years
Length of time property under same ownership: 14 Years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 101 years
Municipality or Unincorporated Township: Chicago
Cook County District: 7th District
Permanent Index Number(s): 20-05-306-034-0000 and 20-05-306-036-0000
Municipal Resolution Number: City of Chicago Ordinance Document Number 02025-001879
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: The property has suffered from Obsolescence, Deterioration and Lack of Community Planning
Has justification for the Class 6b SER program been provided?: Yes
Proposed use of property: Industrial – Manufacturing: Industrial use – warehousing, manufacturing, and /or 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 the Class 6b SER program prov...
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