Share to Facebook Share to Twitter Bookmark and Share
File #: 16-1790    Version: 1 Name: COUNTRY CLUB HILLS PLAZA, LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST
Type: Resolution (Class 8) Purchase for Value Status: Approved
File created: 2/17/2016 In control: Business and Economic Development Committee
On agenda: 3/2/2016 Final action: 3/23/2016
Title: PROPOSED RESOLUTION COUNTRY CLUB HILLS PLAZA, LLC 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: Country Club Hills Plaza, LLC Address: 4201 W. 167th Street, Country Club Hills, Illinois Municipality or Unincorporated Township: Country Club Hills Cook County District: 5th District Permanent Index Number: 28-27-200-008-0000 Municipal Resolution Number: Country Club Hills Resolution No. R-01-16 Number of month property vacant/abandoned: One (1) month vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 10 full-time, 165 part-time Estimated Number of jobs retained at this location: None Estimated Number of employees in Cook County: 20 full-time, 380 part-time Estimated Number of construction jobs: 50 co...
Sponsors: TONI PRECKWINKLE (President), DEBORAH SIMS
title
PROPOSED RESOLUTION

COUNTRY CLUB HILLS PLAZA, LLC 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: Country Club Hills Plaza, LLC

Address: 4201 W. 167th Street, Country Club Hills, Illinois

Municipality or Unincorporated Township: Country Club Hills

Cook County District: 5th District

Permanent Index Number: 28-27-200-008-0000

Municipal Resolution Number: Country Club Hills Resolution No. R-01-16

Number of month property vacant/abandoned: One (1) month vacant

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 10 full-time, 165 part-time

Estimated Number of jobs retained at this location: None

Estimated Number of employees in Cook County: 20 full-time, 380 part-time

Estimated Number of construction jobs: 50 construction jobs

Proposed use of property: Commercial use/ movie theatre

Living Wage Ordinance Compliance Affidavit Provided: No, not applicable

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 abando...

Click here for full text