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PROPOSED RESOLUTION
PLUM GROVE PRINTERS 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: Plum Grove Printers
Address: 2160 Stonington Ave. Hoffman Estates, Illinois
Length of time at current location: 24 years
Length of time property under same ownership: 24 years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 31 years
Municipality or Unincorporated Township: Village of Hoffman Estates
Cook County District: 15
Permanent Index Number(s): 07-06-102-013-0000
Municipal Resolution Number: Resolution No. 1644-2017 approved October 16, 2017
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: Three (3) blighting factors: Inadequate Utilities - a fire sprinkler system needs to be added along with a new water service to accommodate future water needs, along with electrical upgrades; Obsolescence -Technology upgrades for both manufacturing equipment and computer power are required to maintain competitiveness and Excessive Vacancies in the Area - There is over 50,000 sq. ft. of unoccupied industrial/office space within 100 yards of our present location.
Has justification for the Class 6b SER program been provided?: Yes
Estimated # of jobs created by this project: Three (3) - five (5) full-time jobs
Estimated # of jobs retained at this location: 24 full-time, five (5) part-time
Estimated # of employees in Cook County: Same as above
Estimated # of construction jobs: None
Proposed use of property: Industrial - Manufacturing: Yes
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b Sustainable Emerg...
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