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File #: 16-2472    Version: 1 Name: VK 101VK 1019 NOEL, LLC 6B PROPERTY TAX INCENTIVE REQUEST 9 Noel, LLC
Type: Resolution Status: Approved
File created: 3/28/2016 In control: Business and Economic Development Committee
On agenda: 4/13/2016 Final action: 5/11/2016
Title: PROPOSED RESOLUTION VK 1019 NOEL, 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: VK 1019 Noel, LLC Address: 1019 Noel, Wheeling, Illinois Municipality or Unincorporated Township: Wheeling Cook County District: 14 Permanent Index Number: 03-14-103-010-0000 Municipal Resolution Number: Village of Wheeling Resolution Number 15-133 Number of month property vacant/abandoned: Number of months vacant two (2) Special circumstances justification requested: Yes Estimated Number of jobs created by this project: not available Estimated Number of jobs retained at this location: not available Estimated Number of employees in Cook County: not available Estimated Number of construction jobs: 25 construction workers Proposed use of property: The applicant intends to ...
Sponsors: TONI PRECKWINKLE (President), GREGG GOSLIN
title
PROPOSED RESOLUTION

VK 1019 NOEL, 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: VK 1019 Noel, LLC

Address: 1019 Noel, Wheeling, Illinois

Municipality or Unincorporated Township: Wheeling

Cook County District: 14

Permanent Index Number: 03-14-103-010-0000

Municipal Resolution Number: Village of Wheeling Resolution Number 15-133

Number of month property vacant/abandoned: Number of months vacant two (2)

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: not available

Estimated Number of jobs retained at this location: not available

Estimated Number of employees in Cook County: not available

Estimated Number of construction jobs: 25 construction workers

Proposed use of property: The applicant intends to lease the property to an industrial user

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 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 6b; and

WHEREAS, in the case of abandonment of less than 24 months and purchase for valu...

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