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File #: 15-2798    Version: 1 Name: Grand Jen Realty LLC 6b
Type: Resolution (Class 6B) No Purchase for Value Status: Approved
File created: 4/13/2015 In control: Business and Economic Development Committee
On agenda: 4/29/2015 Final action: 5/20/2015
Title: PROPOSED RESOLUTION GRAND JEN REALTY LLC 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: Grand Jen Realty LLC Address: 10499 164th Street Municipality or Unincorporated Township: Orland Park Cook County District: 17 Permanent Index Number: 27-20-401-012-0000 Municipal Resolution Number: 1508 Number of month property vacant/abandoned: 24 Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 20 full-time, 0 part-time Estimated Number of jobs retained at this location: 0 full-time, 0 part-time Estimated Number of employees in Cook County: 0 full-time, 0 part-time Estimated Number of construction jobs: 0 full-time, 0 part-time Proposed use of property: Industrial- document shredding and hard drive-media destr...
Sponsors: TONI PRECKWINKLE (President), ELIZABETH "LIZ" DOODY GORMAN
title
PROPOSED RESOLUTION

GRAND JEN REALTY LLC 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: Grand Jen Realty LLC

Address: 10499 164th Street

Municipality or Unincorporated Township: Orland Park

Cook County District: 17

Permanent Index Number: 27-20-401-012-0000

Municipal Resolution Number: 1508

Number of month property vacant/abandoned: 24

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 20 full-time, 0 part-time

Estimated Number of jobs retained at this location: 0 full-time, 0 part-time

Estimated Number of employees in Cook County: 0 full-time, 0 part-time

Estimated Number of construction jobs: 0 full-time, 0 part-time

Proposed use of property: Industrial- document shredding and hard drive-media destruction

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 buye...

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