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PROPOSED SUBSTITUTE TO FILE 19-5323
(Business and Economic Development Committee 9/25/2019 recessed to 9/26/2019)
PROPOSED RESOLUTION
CE LIBERTY, 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: CE Liberty, LLC
Address: 4559 Lincoln HWY, Matteson, Illinois 60443
Municipality or Unincorporated Township: Village of Matteson
Cook County District: 6
Permanent Index Number: 31-22-300-048-0000
Municipal Resolution Number: Village of Matteson, Resolution Number 1160-0219, approved
February 4, 2019
Number of month property vacant/abandoned: 24 months vacant. The village has determined that the 'special circumstances' is necessary so that the applicant can undertake the substantial rehabilitation of the Subject Property and reduce the blighting factors.
Special circumstances justification requested: Yes
Proposed use of property: Commercial use - Restaurant
Living Wage Ordinance Compliance Affidavit Provided: Yes
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 industrial 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 more than 24 continuous months, there has been no purchased for value by a purchaser and the property is in need of substantial rehabilitation; 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 over 24 months and no purchase...
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