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File #: 16-0704    Version: 1 Name: HARCROS CHEMICALS CLASS 8
Type: Resolution (Class 8) Purchase for Value Status: Approved
File created: 12/16/2015 In control: Business and Economic Development Committee
On agenda: 1/13/2016 Final action: 2/10/2016
Title: PROPOSED RESOLUTION HARCROS CHEMICALS INC. 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: Harcros Chemicals Inc. Address: 17076 Canal Street, Thornton, Illinois 60476 Municipality or Unincorporated Township: Thornton Cook County District: 6 Permanent Index Number: 29-28-104-005-0000 Municipal Resolution Number: Village of Thornton Resolution Approved 9/2/2014 Number of month property vacant/abandoned: 4 Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 24 full-time, 0 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: 10 Proposed use of property: Industr...
Sponsors: TONI PRECKWINKLE (President), JOAN PATRICIA MURPHY
title
PROPOSED RESOLUTION

HARCROS CHEMICALS INC. 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: Harcros Chemicals Inc.

Address: 17076 Canal Street, Thornton, Illinois 60476

Municipality or Unincorporated Township: Thornton

Cook County District: 6

Permanent Index Number: 29-28-104-005-0000

Municipal Resolution Number: Village of Thornton Resolution Approved 9/2/2014

Number of month property vacant/abandoned: 4

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 24 full-time, 0 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: 10

Proposed use of property: Industrial- production and distribution

Living Wage Ordinance Compliance Affidavit Provided: Yes

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 case of abandonment of less than 24 months and purchase for value, by a pu...

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