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File #: 15-3227    Version: 1 Name: 2525 ARMITAGE HOLDINGS, LLC OR ITS ASSIGNEE 6B PROPERTY TAX INCENTIVE REQUEST
Type: Resolution (Class 6B) Purchase for Value Status: Approved
File created: 5/5/2015 In control: Business and Economic Development Committee
On agenda: 5/20/2015 Final action: 7/1/2015
Title: PROPOSED RESOLUTION 2525 ARMITAGE HOLDINGS, LLC OR ITS ASSIGNEE 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: 2525 Armitage Holdings, LLC or Its Assignee Address: 2525 Armitage Avenue & 1975, 2020 and 2040 Indian Boundary Drive, Melrose Park, Illinois Municipality or Unincorporated Township: Village of Melrose Park Cook County District: 16 Permanent Index Number: 12-33-230-013-0000; 12-33-230-014-0000; 12-33-230-015-0000;12-33-230-016-0000; 12-33-400-077-0000; 12-33-400-089-0000; 12-33-400-092-8002; 12-34-400-015-8002; 12-33-400-059-0000; 12-33-400-061-0000; 12-33-400-060-0000; 12-33-400-087-0000 and 12-33-400-079-0000 Municipal Resolution Number: Village of Melrose Park Resolution No. 03-15 Number of month property vacant/abandoned: 22 months vacant Special circumstances ju...
Sponsors: TONI PRECKWINKLE (President), JEFFREY R. TOBOLSKI
title
PROPOSED RESOLUTION

2525 ARMITAGE HOLDINGS, LLC OR ITS ASSIGNEE 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: 2525 Armitage Holdings, LLC or Its Assignee

Address: 2525 Armitage Avenue & 1975, 2020 and 2040 Indian Boundary Drive, Melrose Park, Illinois

Municipality or Unincorporated Township: Village of Melrose Park

Cook County District: 16

Permanent Index Number: 12-33-230-013-0000; 12-33-230-014-0000; 12-33-230-015-0000;12-33-230-016-0000; 12-33-400-077-0000; 12-33-400-089-0000; 12-33-400-092-8002; 12-34-400-015-8002;
12-33-400-059-0000; 12-33-400-061-0000; 12-33-400-060-0000; 12-33-400-087-0000 and
12-33-400-079-0000

Municipal Resolution Number: Village of Melrose Park Resolution No. 03-15

Number of month property vacant/abandoned: 22 months vacant

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 150-200 full-time, # part-time

Estimated Number of jobs retained at this location: none

Estimated Number of employees in Cook County: none

Estimated Number of construction jobs: 100

Proposed use of property: The properties will be redeveloped for multiple industrial users

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 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 wh...

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