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PROPOSED RESOLUTION
Brian Kamstra V 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: Brian Kamstra V
Address: 540 & 542 E. 162nd Street, South Holland, Illinois
Municipality or Unincorporated Township: South Holland
Cook County District: 6
Permanent Index Number: 29-15-405-044-1006 and 29-15-405-044-1007
Municipal Resolution Number: Village of South Holland Resolution certified October 19, 2015
Number of month property vacant/abandoned: Number of months vacant 25
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 5-10 full-time
Estimated Number of jobs retained at this location: not available
Estimated Number of employees in Cook County: not available
Estimated Number of construction jobs: not available
Proposed use of property: This property will be leased for commercial retail and/or office space
Living Wage Ordinance Compliance Affidavit Provided: No, not applicable
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...
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