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PROPOSED NO CASH BID REQUEST
Requestor: Lawrence L. Jackson, President, Village of Riverdale
Request: Approval of No Cash Bid Request
Location: Village of Riverdale
Volume and Property Index Number:
039, 25-33-327-028-0000; 039, 25-33-327-031-0000; 039, 25-33-327-029-0000; 039, 25-33-327-032-0000; 039, 25-33-327-030-0000; 039, 25-33-327-033-0000
Summary: The permanent index numbers of the parcels requested are: While the Resolution has eleven (11) PINs, this Request Package contains six (6) PINs (the "Subject Properties"); the remaining five (5) PINs are requested in other packages. PIN 25-33-327-028-0000 is currently an unoccupied commercial structure, which has been unoccupied since 2008. PINs 25-33-327-029-0000 and 25-33-327-030-0000 are currently vacant land classified as 5-90 commercial minor improvement and are used for parking. PINs 25-33-327-031-0000 and 25-33-327-032-0000 are currently a tenant-occupied commercial structure, which is used to operate a grocery store business. PIN 25-33-327-033-0000 is currently a commercial structure, which is partially occupied by two (2) tenants, Mama's Coin Laundromat, Inc. and Winfall Cafe, and used to operate self-service laundry and video gaming cafe businesses; the remaining portions of the commercial structure have been unoccupied since 2014 and 2019. The Village intends to use the Subject Properties for future economic development and to eliminate blight in order to return the Subject Properties to a beneficial use for the citizens of the Village, eliminate their hindrance to ongoing redevelopment efforts in the area surrounding the Subject Properties, and enhance the Village's economic base.
In accordance with the requirements of the Cook County No Cash Bid Program, the Village hereby certifies that it does not have an identified third-party requestor associated with the filing of this application. The Village will accordingly take the necessary steps to have the Subject Properties declar...
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