File #: 22-0028    Version: 1 Name: 142nd Langley LLC
Type: Resolution (Class 8) Purchase for Value Status: Approved
File created: 11/15/2021 In control: Business and Economic Development Committee
On agenda: 12/16/2021 Final action: 1/13/2022
Title: PROPOSED RESOLUTION 142nd Langley 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: 142nd Langley LLC Address: 733 E. 142nd Street, Dolton, Illinois Municipality or Unincorporated Township: Village of Dolton Cook County District: 6th District Permanent Index Number: 29-03-403-001-0000, 29-03-403-002-0000, 29-03-403-003-0000 and 29-03-403-004-0000, Municipal Resolution Number: Village of Dolton Resolution No. 19-R-002 Number of month property vacant/abandoned: Seven (7) days vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - Gas Station, convenient store Living Wage Ordinance Compliance Affidavit Provided: N/A WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applic...
Sponsors: TONI PRECKWINKLE (President), DONNA MILLER
title
PROPOSED RESOLUTION

142nd Langley 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: 142nd Langley LLC

Address: 733 E. 142nd Street, Dolton, Illinois

Municipality or Unincorporated Township: Village of Dolton

Cook County District: 6th District

Permanent Index Number: 29-03-403-001-0000, 29-03-403-002-0000, 29-03-403-003-0000 and 29-03-403-004-0000,

Municipal Resolution Number: Village of Dolton Resolution No. 19-R-002

Number of month property vacant/abandoned: Seven (7) days vacant

Special circumstances justification requested: Yes

Proposed use of property: Commercial use - Gas Station, convenient store

Living Wage Ordinance Compliance Affidavit Provided: N/A

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 direct financial interest; and

WHEREAS, in the instance where the property does not meet the definition of abandoned property, the municipality or the Board of Commissioners, may determine that special circumstances may exist that justify finding that the property is abandoned for purpose of Class 8; and

WHEREAS, in the case of abandonment of less than 24 months and purchase for value, by a purchaser in whom the seller has no direct financial interest, the County may determine that special circumstances justify finding the property is deemed abandoned; and

WHEREAS, Class 8 requires the validation by the County Board of the shor...

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