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PROPOSED PREVIOUSLY APPROVED ITEM AMENDMENT
Department: Bureau of Economic Development, Department of Planning and Development
Request: Correction of PIN
Item Number: 16-2512
Fiscal Impact: N/A
Account(s): N/A
Original Text of Item: .
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information:
Applicant: Michael B. Stern/Rainbow Lighting, Inc.
Address: 200-220 Fencl Lane, Hillside, Illinois 60162
Municipality or Unincorporated Township: Hillside
Cook County District: 16
Permanent Index Number: 15-17-304-065-0000; 15-17-304-0765-0000; and 15-17-304-076-0000; 15-17-304-095-0000
Municipal Resolution Number: 15-10
Number of month property vacant/abandoned: 14
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 2 full-time, 6 part-time
Estimated Number of jobs retained at this location: 11 full-time, 2 part-time
Estimated Number of employees in Cook County: 11 full-time, 2 part-time
Estimated Number of construction jobs: 30
Proposed use of property: Industrial-Warehousing and distribution
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, m...
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