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PROPOSED SUBSTITUTE TO FILE 19-4647
(Business and Economic Development Committee 9/25/2019 recessed to 9/26/2019)
PROPOSED RESOLUTION
KIE REAL ESTATE, 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: KIE Real Estate, LLC
Address: 5859 W. 117th Street, Alsip, Illinois 60803
Length of time at current location: 13 Years
Length of time property under same ownership: 13 Years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 42 Years
Municipality or Unincorporated Township: Village of Alsip
Cook County District: 6
Permanent Index Number(s):
Municipal Resolution Number: Village of Alsip, Resolution No. 2019-06-3
Evidence of Economic Hardship: The applicant is currently competing with businesses located in Indiana with more favorable business conditions and is constantly battling to keep its prices competitive. The applicant would not be able to sustain the same number of employees without the issuances of the tax incentive.
Number of blighting factors associated with the property: Three (3) blighting factors Deterioration - parking lot needs to be resurfaced, roof needs to be replaced, flooring needs regrounding, the steel corrugated sheets in the building need to be replaced; Obsolescence - The mixer machined needs to be overhauled and replaced, the floor needs to be replaced; Overcrowding of Structures - Non-preferred outdoor storage due to lack of space.
Has justification for the Class 6b SER program been provided?: Yes
Proposed use of property: Industrial - Manufacturing: Industrial use - manufactures, engineers, warehouses and distributes cultured granite products such as vanity tops, shower walls, tub surrounds, etc.
Living Wage Ord...
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