title
PROPOSED RESOLUTION
Ferrara Candy Company 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: Ferrara Candy Company
Address: 3000 W Washington Blvd., Bellwood, Illinois
Length of time at current location: 19 years
Length of time property under same ownership: Eight (8) years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 43 years
Municipality or Unincorporated Township: Proviso
Cook County District: 1st District
Permanent Index Number(s): 15-09-400-063-0000 and 15-09-400-064-0000
Municipal Resolution Number: Village of Bellwood, Resolution No. 25-34
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: There are six (6) blighting factors Dilapidation, Deterioration, Obsolescence, Lack of Ventilation, Excessive Land Coverage and Inadequate Utilities
Has justification for the Class 6b SER program been provided?: Yes
Proposed use of property: Industrial - Manufacturing: Industrial use - warehousing, manufacturing, and/or 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 resolution by the County Board validating the property for the purpose of the Class 6...
Click here for full text