File #: 15-5275    Version: 1 Name: Blue Island 1 1 PIN 2015 NCB Round 3
Type: No Cash Bid Request Status: Approved
File created: 9/2/2015 In control: Finance Subcommittee on Tax Delinquency
On agenda: 9/9/2015 Final action: 10/28/2015
Title: PROPOSED NO CASH BID REQUEST Requestor: Domingo F. Vargas, Mayor, City of Blue Island Request: Approval of No Cash Bid Request Location: City of Blue Island Volume and Property Index Number: 249, 24-36-432-002-0000 Summary: The City of Blue Island is seeking a No Cash Bid for the following tax delinquent parcel. This request package contains one (1) PIN. This property is vacant land located in a commercial area. Future plans are to consider the parcel for future commercial development. The City of Blue Island will file for tax exempt status until the time a tax deed may be conveyed to a developer. At this time, a third party developer has not been identified. The municipality has retained a firm to perfect the tax deed and will bear all legal and other costs associated with the acquisition of the parcels. The City of Blue Island will submit annual No Cash Bid reports to the Cook County Bureau of Economic Development for the following five years or until developme...
Indexes: (Inactive) DEBORAH SIMS, County Commissioner

title

PROPOSED NO CASH BID REQUEST

 

Requestor:  Domingo F. Vargas, Mayor, City of Blue Island

 

Request:  Approval of No Cash Bid Request 

 

Location:   City of Blue Island

 

Volume and Property Index Number:

249, 24-36-432-002-0000

 

Summary:  The City of Blue Island is seeking a No Cash Bid for the following tax delinquent parcel. This request package contains one (1) PIN. This property is vacant land located in a commercial area. Future plans are to consider the parcel for future commercial development. The City of Blue Island will file for tax exempt status until the time a tax deed may be conveyed to a developer. At this time, a third party developer has not been identified. The municipality has retained a firm to perfect the tax deed and will bear all legal and other costs associated with the acquisition of the parcels. The City of Blue Island will submit annual No Cash Bid reports to the Cook County Bureau of Economic Development for the following five years or until development is complete, whichever occurs last.

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