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PROPOSED RESOLUTION
Halsted Holding Corp 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: Halsted Holding Corporation
Address: 13400 S. Halsted Street, Riverdale, Illinois
Length of time at current location: 17 years
Length of time property under same ownership: 17 years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 73 years
Municipality or Unincorporated Township: City of Riverdale
Cook County District: 5th District
Permanent Index Number(s): 25-32-401-007-0000
Municipal Resolution Number: Village of Riverdale, Resolution No. 2023-15
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: 3 blighting factors: Dilapidation -the building is 70 years old and is in average condition; Obsolescence - The structure was originally designed to repair rail cars with no heat for the building and Inadequate utilities -Parts of the building does not HVAC where temps are near outdoor conditions
Has justification for the Class 6b SER program been provided: Yes
Proposed use of property: Industrial use - warehousing, manufacturing and distribution
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) that provides an applicant a reduction in the assessment level for a long-term existing industrial enterprise that meets the qualifications of the SER program; and
WHEREAS, the Cook County Classification System for Assessment requires that an applicant under the Class 6b SER program provide evidence justifying their participation in the subject program; and
WHEREAS, Class 6b SER requires a ...
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