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PROPOSED NO CASH BID REQUEST
Requestor: Norm Abbott, Mayor, Village of Lansing
Request: Approval of No Cash Bid Request
Location: Village of Lansing
Volume and Property Index Number:
229, 30-31-100-007-0000; 229, 30-31-100-008-0000
Summary: The purpose of this letter is to inform you of the Village of Lansing’s desire to participate in the Cook County no-cash bid program. The Village is interested in acquiring a commercial property consisting of two permanent index numbers that are delinquent in real estate taxes or special assessments for two or more years, pursuant to 35 ILCS 200/21-90. Please accept this request to obtain the above referenced property consisting of the following two permanent index numbers. The property is a vacant commercial building. The Village intends to acquire this property for future commercial redevelopment. Currently, there is no third-party-applicant for the property.
The Village agrees to report the status of each parcel to the Cook County Department of Economic Development annually for five consecutive years or until the intended use is complete. Also, the Village will apply for tax exempt status on each parcel once a tax deed is obtained and until a developer is designated. The Village has retained the legal services to procure a tax deed. The Village further agrees to bear all costs to proceed to tax deed and perform all legal and other activities associated with this program.
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