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PROPOSED RESOLUTION
Mr. Bult's Inc. (MBI) 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: Mr. Bult's Inc. (MBI)
Address: 13820 South Marquette, Burnham, Illinois
Municipality or Unincorporated Township: Burnham
Cook County District: 4th
Permanent Index Number: 30-06-102-023-0000; 30-06-102-024-0000; 30-06-102-026-0000; 30-06-102-027-0000; 30-06-102-028-0000 and 30-06-102-029-0000
Municipal Resolution Number: Village of Burnham, Resolution Number 2014-R-011
Number of month property vacant/abandoned: December 1, 2013 thru February 19, 2014 (Assessor's application date) 2 months the property was vacant an additional 22 months after the application date.
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 5 full-time
Estimated Number of jobs retained at this location: 165 full-time
Estimated Number of employees in Cook County: not applicable
Estimated Number of construction jobs: 3 full-time
Proposed use of property: This property will be used for industrial purposes - waste hauling operations.
Living Wage Ordinance Compliance Affidavit Provided: Yes or No
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 ...
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