File #: 14-6430    Version: 1 Name: Space Center Air Cargo
Type: Resolution Status: Approved
File created: 11/4/2014 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 SPACE CENTER AIR CARGO, INC.6B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information: Applicant: Space Center Air Cargo, Inc. Address: 901 W. Oakton, Des Plaines, Illinois Municipality or Unincorporated Township: City of Des Plaines, Illinois Cook County District: 17 Permanent Index Number: 08-26-201-025-0000 Municipal Resolution Number: R-128-14 Number of month property vacant/abandoned: 58 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 40 full-time Estimated Number of jobs retained at this location: None Estimated Number of employees in Cook County: 210 full-time Estimated Number of construction jobs: 35 Proposed use of property: Industrial use; warehousing and logistics Living Wa...
Sponsors: TONI PRECKWINKLE (President), ELIZABETH "LIZ" DOODY GORMAN
title
PROPOSED RESOLUTION

SPACE CENTER AIR CARGO, INC.6B PROPERTY TAX INCENTIVE REQUEST

WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information:

Applicant: Space Center Air Cargo, Inc.

Address: 901 W. Oakton, Des Plaines, Illinois

Municipality or Unincorporated Township: City of Des Plaines, Illinois

Cook County District: 17

Permanent Index Number: 08-26-201-025-0000

Municipal Resolution Number: R-128-14

Number of month property vacant/abandoned: 58 months vacant

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 40 full-time

Estimated Number of jobs retained at this location: None

Estimated Number of employees in Cook County: 210 full-time

Estimated Number of construction jobs: 35

Proposed use of property: Industrial use; warehousing and logistics

Living Wage Ordinance Compliance Affidavit Provided: Yes

WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b 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 6b; and

WHEREAS, in the case of abandonment of over 24 months and no purchase for value by a disinterested buyer, the County may dete...

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