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PROPOSED RESOLUTION
ALTA INDUSTRIAL EQUIPMENT LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information:
Applicant: Alta Industrial Equipment LLC
Address: 150 State Street, Calumet City, Illinois
Municipality or Unincorporated Township: Calumet City; Thornton Township
Cook County District: 4
Permanent Index Number: 30-08-202-032-0000; 30-08-202-031-0000; 30-08-202-030-0000; 30-08-202-029-0000; 30-08-202-028-0000; 30-08-202-027-0000; 30-08-202-026-0000; 30-08-202-025-0000; 30-08-202-024-0000; 30-08-202-023-0000; 30-08-202-021-0000; 30-08-202-007-0000; 30-08-202-008-0000; 30-08-202-009-0000; 30-08-202-010-0000; 30-08-202-011-0000; 30-08-202-012-0000; 30-08-202-013-0000; 30-08-202-014-0000; 30-08-202-015-0000; 30-08-202-016-0000; 30-08-202-017-0000; 30-08-202-018-0000
Municipal Resolution Number: 15-2
Number of month property vacant/abandoned: 13
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 30 full-time
Estimated Number of jobs retained at this location: None
Estimated Number of employees in Cook County: None
Estimated Number of construction jobs: 40 construction jobs
Proposed use of property: Industrial Equipment Distribution and Repair
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assessment level for an abandoned commercial 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 direc...
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