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File #: 16-0443    Version: 1 Name: R & R GLOBAL PARTNERS LLC 7B PROPERTY TAX INCENTIVE REQUEST
Type: Resolution Status: Approved
File created: 12/1/2015 In control: Business and Economic Development Committee
On agenda: 12/16/2015 Final action: 1/13/2016
Title: PROPOSED RESOLUTION R & R GLOBAL PARTNERS LLC 7B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 7b application containing the following information: Applicant: R & R Global Partners LLC Address: 6810 North McCormick Boulevard, Lincolnwood, Illinois, 60712 Municipality or Unincorporated Township: Lincolnwood Cook County District: 13 Permanent Index Number: 08-07-403-017-0000; 08-07-403-018-0000 Municipal Resolution Number: R2015-1873 Number of month property vacant/abandoned: 18 months at time of application Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 76 full-time, 74 part-time Estimated Number of jobs retained at this location: 0 full-time, 0 part-time Estimated Number of employees in Cook County: 0 full-time, 0 part-time Estimated Number of construction jobs: 70 P...
Sponsors: TONI PRECKWINKLE (President), LARRY SUFFREDIN
title
PROPOSED RESOLUTION

R & R GLOBAL PARTNERS LLC 7B PROPERTY TAX INCENTIVE REQUEST


WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 7b application containing the following information:

Applicant: R & R Global Partners LLC

Address: 6810 North McCormick Boulevard, Lincolnwood, Illinois, 60712

Municipality or Unincorporated Township: Lincolnwood

Cook County District: 13

Permanent Index Number: 08-07-403-017-0000; 08-07-403-018-0000

Municipal Resolution Number: R2015-1873

Number of month property vacant/abandoned: 18 months at time of application

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 76 full-time, 74 part-time

Estimated Number of jobs retained at this location: 0 full-time, 0 part-time

Estimated Number of employees in Cook County: 0 full-time, 0 part-time

Estimated Number of construction jobs: 70

Proposed use of property: Commercial- Multi-tenant retail

Living Wage Ordinance Compliance Affidavit Provided: N/A

WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 7b 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 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 7b; and

WHEREAS, in the case of abandonment of less than 24 months an...

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