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PROPOSED NO CASH BID REQUEST
Requestor: Domingo F. Vargas, Mayor, City of Blue Island
Request: Approval of No Cash Bid Request
Location: City of Blue Island
Volume and Property Index Number:
249, 24-36-101-010-0000
Summary: The City of Blue Island is seeking a No Cash Bid for the following tax delinquent parcel. This request package contains one (1) PIN. This property is a commercial parcel with an unoccupied residential structure. Future plans include razing the existing structure and considering the parcel for future commercial development. Currently, this parcel presents a safety risk to the community.
The City of Blue Island will file for tax exempt status until the time a tax deed may be conveyed to a developer. At this time, a third party developer has not been identified. The municipality has retained a firm to perfect the tax deed and will bear all legal and other costs associated with the acquisition of the parcel. The City of Blue Island will submit annual No Cash Bid reports to the Cook County Bureau of Economic Development for the following five years or until development is complete, whichever occurs last.
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