File #: 15-5144    Version: 1 Name: ANTONIO SANCHEZ CLASS 8 PROPERTY TAX INCENTIVE REQUEST
Type: Resolution (Class 8) Purchase for Value Status: Approved
File created: 8/25/2015 In control: Business and Economic Development Committee
On agenda: 9/9/2015 Final action: 10/7/2015
Title: PROPOSED RESOLUTION ANTONIO SANCHEZ 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: Antonio Sanchez Address: 134 South 5th Avenue, Maywood, Illinois Municipality or Unincorporated Township: Maywood Cook County District: District Number 1 Permanent Index Number: 15-11-148-024-0000 Municipal Resolution Number: Resolution Number R-2014-23 Number of month property vacant/abandoned: Eight (8) months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: two (2) full-time, four (4) part-time Estimated Number of jobs retained at this location: three (3) full-time, four (4) part-time Estimated Number of employees in Cook County: not applicable Estimated Number of construction jobs: five (5) to eight (8) const...
Sponsors: TONI PRECKWINKLE (President), RICHARD R. BOYKIN
title
PROPOSED RESOLUTION

ANTONIO SANCHEZ 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: Antonio Sanchez

Address: 134 South 5th Avenue, Maywood, Illinois

Municipality or Unincorporated Township: Maywood

Cook County District: District Number 1

Permanent Index Number: 15-11-148-024-0000

Municipal Resolution Number: Resolution Number R-2014-23

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

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: two (2) full-time, four (4) part-time

Estimated Number of jobs retained at this location: three (3) full-time, four (4) part-time

Estimated Number of employees in Cook County: not applicable

Estimated Number of construction jobs: five (5) to eight (8) construction jobs

Proposed use of property: commercial banquet hall

Living Wage Ordinance Compliance Affidavit Provided: No, not required for commercial properties

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...

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