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PROPOSED NO CASH BID REQUEST
Requestor: Alan Nowaczyk, Mayor, Village of Willow Springs
Request: Approval of No Cash Bid Request
Location: Village of Willow Springs
Volume and Property Index Number:
084, 18-33-320-010-0000; 084, 18-34-106-009-0000; 151, 23-05-201-051-0000
Summary: This Request Package contains 3 PINs (the “Subject Property”). The PINs requested are currently vacant parcels in the Village of Willow Springs. It is the intent of the Village of Willow Springs, as part of its overall economic development strategy, to acquire the Subject Property and return it to a beneficial use for the citizens of the Village in order to facilitate redevelopment in the area surrounding the Subject Property. The Village intends to continue to use PIN 18-33-320-010-0000 as a road; PIN 18-34-106-004 009-0000 is currently a vacant industrial office and garage and the Village plans to demolish it and market it for future economic development and PIN 23-05-201-051-0000 will be used by the Village for future economic development as well.
The Village of Willow Springs has retained legal counsel in order to obtain the tax deed and will bear all costs associated with the acquisition of the parcel. In accordance with the requirements of the Cook County No Cash Bid Ordinance, the Village of Willow Springs will submit to the Cook County Office of Economic Development a No Cash Bid Report on the status of each parcel for five years or until development is complete whichever comes last. In accordance with the requirements of the Cook County No Cash Bid Program, the Village of Willow Springs hereby certifies that it does not have an identified third party requestor associated with the filing of this application and will accordingly take the necessary steps to have the Subject Property declared tax exempt for municipal use and will submit to the Cook County Board of Review a Real Estate Exemption Complaint for tax exempt status until i.e. conveyed to developer, other.
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