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PROPOSED PREVIOUSLY APPROVED ITEM AMENDMENT
Department: Department of Planning and Development
Request: Correcting P.I.N. Numbers on a previously approved resolution
Item Number: 15-4074
Fiscal Impact: N/A
Account(s): N/A
Original Text of Item: 7852 W. 47TH STREET, LLC 6B PROPERTY TAX INCENTIVE REQUEST
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information:
Applicant: 7852 W. 47th Street, LLC
Address: 7852 W. 47th Street, Lyons, Illinois
Municipality or Unincorporated Township: Lyons
Cook County District: 16
Permanent Index Number: 18-01-0322322-009-0000 and 18-01-0322322-010-0000
Municipal Resolution Number: Village of Lyons Resolution Number 05-19-15-R1
Number of month property vacant/abandoned: 15 months vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 10 full-time, 10 part-time
Estimated Number of jobs retained at this location: 13 full-time, 8 part-time
Estimated Number of employees in Cook County: Not applicable
Estimated Number of construction jobs: none
Proposed use of property: Manufacturing, assembling and distribution of decorated glass
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b 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 ...
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