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PROPOSED RESOLUTION
JOLEN ELECTRIC COMPANY 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: Jolen Electric Company
Address: 3259 Holeman Avenue, South Chicago Heights, Illinois
Municipality or Unincorporated Township: Bloom Township
Cook County District: 6
Permanent Index Number: 32-33-103-109-0000 and 32-33-103-110-0000
Municipal Resolution Number: Village of South Chicago Heights Resolution Number 2014-R-9
Number of month property vacant/abandoned: One (1) month vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: one (1)- two (2) full-time jobs
Estimated Number of jobs retained at this location: Eight (8) full-time jobs
Estimated Number of employees in Cook County: Same as above
Estimated Number of construction jobs: Five (5)-10 construction jobs
Proposed use of property: warehousing and distribution of electrical parts and servicing
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 C...
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