File #: 14-6251    Version: 1 Name: Holland LLC
Type: Resolution Status: Approved
File created: 10/27/2014 In control: Finance Subcommittee on Real Estate and Business and Economic Development (Inactive. There is now a Business and Economic Developement Committee and real estate items in the Asset Managment Committee)
On agenda: 11/19/2014 Final action: 12/17/2014
Title: PROPOSED RESOLUTION HOLLAND 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: Holland LLC Address: 310 W. 162nd Street, South Holland, Illinois 60473 Municipality or Unincorporated Township: Village of South Holland, Illinois Cook County District: 6 Permanent Index Number: 29-16-400-057-0000 and 29-16-400-058-0000 Municipal Resolution Number: September 15, 2014 Number of month property vacant/abandoned: eight (8) months Special circumstances justification requested: Yes Estimated Number of jobs created by this project: None Estimated Number of jobs retained at this location: 95 full-time Estimated Number of employees in Cook County: 95 full-time Estimated Number of construction jobs: 15 - 20 Proposed use of property: Industrial use: warehousin...
Sponsors: TONI PRECKWINKLE (President), JOAN PATRICIA MURPHY
title
PROPOSED RESOLUTION

HOLLAND 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: Holland LLC

Address: 310 W. 162nd Street, South Holland, Illinois 60473

Municipality or Unincorporated Township: Village of South Holland, Illinois

Cook County District: 6

Permanent Index Number: 29-16-400-057-0000 and 29-16-400-058-0000

Municipal Resolution Number: September 15, 2014

Number of month property vacant/abandoned: eight (8) months

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: None

Estimated Number of jobs retained at this location: 95 full-time

Estimated Number of employees in Cook County: 95 full-time

Estimated Number of construction jobs: 15 - 20

Proposed use of property: Industrial use: warehousing and distribution logistical and freight services

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 commercial 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 at least 24 continuous months, have been purchased for value by a purchaser in whom the seller has no direct financial interest; 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 less than 24 months and purchase...

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