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File #: 16-2497    Version: 1 Name: Seida Property Management, LLC
Type: Resolution (Class 8) Purchase for Value Status: Approved
File created: 3/29/2016 In control: Business and Economic Development Committee
On agenda: 4/13/2016 Final action: 5/11/2016
Title: PROPOSED RESOLUTION SEIDA PROPERTY MANAGEMENT, 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: Seida Property Management, LLC Address: 113 W. 159th Street, South Holland, Illinois Municipality or Unincorporated Township: South Holland Cook County District: 6 Permanent Index Number: 29-21-200-005-0000; 29-21-200-022-0000; 29-21-200-032-0000; 29-21-200-073-0000 and 29-21-200-056-0000 Municipal Resolution Number: Resolution Village of South Holland approved January 4, 2016 Number of month property vacant/abandoned: 18 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 30 full-time Estimated Number of jobs retained at this location: none Estimated Number of employees in Cook County: 220 full-t...
Sponsors: TONI PRECKWINKLE (President), JOAN PATRICIA MURPHY
title
PROPOSED RESOLUTION

SEIDA PROPERTY MANAGEMENT, 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: Seida Property Management, LLC

Address: 113 W. 159th Street, South Holland, Illinois

Municipality or Unincorporated Township: South Holland

Cook County District: 6

Permanent Index Number: 29-21-200-005-0000; 29-21-200-022-0000; 29-21-200-032-0000; 29-21-200-073-0000 and 29-21-200-056-0000

Municipal Resolution Number: Resolution Village of South Holland approved January 4, 2016

Number of month property vacant/abandoned: 18 months vacant

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 30 full-time

Estimated Number of jobs retained at this location: none

Estimated Number of employees in Cook County: 220 full-time

Estimated Number of construction jobs: Not applicable

Proposed use of property: This property leased by a commercial user for auto repair and auto rental.

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 ...

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