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File #: 16-2150    Version: 1 Name: Jolen Electric Company
Type: Resolution (Class 8) Purchase for Value Status: Approved
File created: 3/9/2016 In control: Business and Economic Development Committee
On agenda: 3/23/2016 Final action: 4/13/2016
Title: 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 ...
Sponsors: TONI PRECKWINKLE (President), JOAN PATRICIA MURPHY
title
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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