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PROPOSED RESOLUTION
2525 ARMITAGE HOLDINGS, LLC OR ITS ASSIGNEE 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: 2525 Armitage Holdings, LLC or Its Assignee
Address: 2525 Armitage Avenue & 1975, 2020 and 2040 Indian Boundary Drive, Melrose Park, Illinois
Municipality or Unincorporated Township: Village of Melrose Park
Cook County District: 16
Permanent Index Number: 12-33-230-013-0000; 12-33-230-014-0000; 12-33-230-015-0000;12-33-230-016-0000; 12-33-400-077-0000; 12-33-400-089-0000; 12-33-400-092-8002; 12-34-400-015-8002;
12-33-400-059-0000; 12-33-400-061-0000; 12-33-400-060-0000; 12-33-400-087-0000 and
12-33-400-079-0000
Municipal Resolution Number: Village of Melrose Park Resolution No. 03-15
Number of month property vacant/abandoned: 22 months vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 150-200 full-time, # part-time
Estimated Number of jobs retained at this location: none
Estimated Number of employees in Cook County: none
Estimated Number of construction jobs: 100
Proposed use of property: The properties will be redeveloped for multiple industrial users
Living Wage Ordinance Compliance Affidavit Provided: Yes
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 wh...
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