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PROPOSED RESOLUTION
Morgan Li, 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: Morgan Li, LLC
Address: 363 E. / 397 E. 16th Street & 1530 State Street, Chicago Heights, Illinois
Length of time at current location: 11 years
Length of time property under same ownership: 11 years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 23
Municipality or Unincorporated Township: City of Chicago Heights
Cook County District: 5th District
Permanent Index Number(s): 32-21-411-011-0000; 32-21-412-008-0000; 32-21-412-009-0000; 32-21-412-010-0000;32-21-412-011-0000; 32-21-412-012-0000; 32-21-412-013-0000; 32-21-412-014-0000; 32-21-412-015-0000 and 32-21-412-016-0000
Municipal Resolution Number: City of Chicago Heights, Resolution No. 2021-122
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: Three blighting factors Deterioration - The roof needs to be replaced; Stained and damaged ceiling, walls and floors from roof leaks; Older mechanicals nearing the end of their physical lives; Morgan needs to purchase new equipment/machinery for its business to operate more efficiently and to stay current with customers' demands some of these machines will need to be replaced within the upcoming 5 - 10 years. Obsolescence - Multi-building design (i.e. interconnecting buildings) results in "cut-up" and divided space and making it difficult to access one warehouse area to another; 6% office space, which is really low percentage; two-story design is less efficient than a one-story building; varied ceiling clearance; only partially sprinklered. Overcrowding of structures - Subject suffers from an increased threat of spread of fire d...
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