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PROPOSED NO CASH BID REQUEST
Requestor: Richard Hofeld, President, Village of Homewood
Request: Approval of No Cash Bid Request
Location: Village of Homewood
Volume and Property Index Number:
218, 29-32-101-048-0000; 218, 29-32-101-049-0000; 218, 29-32-101-050-0000; 218, 29-32-101-051-0000; 218, 29-32-101-052-0000; 219, 29-33-100-066-0000
Summary: Please accept this request to obtain the following six (6) parcels with unoccupied commercial buildings or vacant land. The Village intends to use these parcels for economic redevelopment. Please note that the parcel numbers above correspond with the parcel numbers in the resolution authorizing participation in the No Cash Bid program approved by the Homewood Village Board. Parcels 1 and 2 identified in that resolution are addressed in a separate submittal. Parcels 3 - 7 above are an unoccupied three-story office building and surrounding parking lots and landscaped areas that the Village intends to redevelop. The structure has been unoccupied for more than 12 years. Parcel 8 above is vacant land adjacent to existing commercial and industrial development. The Village intends to offer the property for development, although no potential developers have been identified at this time.
There are no third-party requestors for any of the parcels. The Village agrees to report the status of the parcels to the Cook County Department of Planning & Development annually for five consecutive years or until the property is transferred to a developer, whichever occurs last, as required by the Cook County No Cash Bid Ordinance. Also, the Village will apply for tax-exempt status on the parcels once a tax deed is obtained and will maintain this status until the parcels are transferred to a developer. The Village will bear all costs to obtain a tax deed and perform all other legal and related activities associated with this program.
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