Board of Commissioners of Cook County - File #: 17-0519

• File #: 17-0519
• Version: 1
• Name: HUNTER FOUNDRY MACHINERY CORPORATION CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)
• Type: Resolution (Class 6B) SER
• Status: Approved
• File created: 11/30/2016
• In control: Business and Economic Development Committee
• On agenda: 12/14/2016
• Final action: 1/18/2017
• Title: PROPOSED RESOLUTION HUNTER FOUNDRY MACHINERY CORPORATION 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: Hunter Foundry Machinery Corporation Address: 2222 Hammond Drive, Schaumburg, Illinois Length of time at current location: 47 Years Length of time property under same ownership: 47 Years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 48 Years Municipality or Unincorporated Township: Village of Schaumburg Cook County District: District 14 Permanent Index Number(s): 02-34-300-019-0000 Municipal Resolution Number: Village of Schaumburg Resolution No. R-16-075 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Three (3) Dila...
• Sponsors: TONI PRECKWINKLE (President), GREGG GOSLIN

Date	Ver.	Action By	Motion	Result
1/18/2017	1	Board of Commissioners	approve	Pass
1/18/2017	1	Business and Economic Development Committee	recommend for approval	Pass
12/14/2016	1	Board of Commissioners	refer	Pass

title
PROPOSED RESOLUTION

HUNTER FOUNDRY MACHINERY CORPORATION 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: Hunter Foundry Machinery Corporation

Address: 2222 Hammond Drive, Schaumburg, Illinois

Length of time at current location: 47 Years

Length of time property under same ownership: 47 Years

Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes

Age of the Property (Building): 48 Years

Municipality or Unincorporated Township: Village of Schaumburg

Cook County District: District 14

Permanent Index Number(s): 02-34-300-019-0000

Municipal Resolution Number: Village of Schaumburg Resolution No. R-16-075

Evidence of Economic Hardship: Yes

Number of blighting factors associated with the property: Three (3) Dilapidation; Obsolescence and Deterioration

Has justification for the Class 6b SER program been provided?: Yes

Estimated # of jobs created by this project: Five (5) full time jobs

Estimated # of jobs retained at this location: 44 full-time jobs

Estimated # of employees in Cook County: Same as retained

Estimated # of construction jobs: To be determined

Proposed use of property: Industrial - Manufacturing: Manufacturing

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 subjec...