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File #: 16-3500    Version: 1 Name: Phar Sadie, LLC 6B PROPERTY TAX INCENTIVE REQUEST
Type: Resolution (Class 6B) No Purchase for Value TEERM Status: Approved
File created: 5/25/2016 In control: Business and Economic Development Committee
On agenda: 6/8/2016 Final action: 6/29/2016
Title: PROPOSED RESOLUTION Phar Sadie, 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: Phar Sadie, LLC Address: 3412-3426 W. Touhy Avenue, Skokie, Illinois Municipality or Unincorporated Township: Skokie Cook County District: 13 Permanent Index Number: 10-26-402-061-0000 Municipal Resolution Number: Resolution Number 15-4-R-1291 Number of month property vacant/abandoned: 12 months vacant Special circumstances justification requested: Yes TEERM (TEMPORARY EMERGENCY ECONOMIC RECOVERY MODIFICATION (Vacant for more than 12 months but less than 24 months - No Purchase for Value) Justification: Yes Estimated Number of jobs created by this project: 200 full-time Estimated Number of jobs retained at this location: None provided Estimated Number of employees in Cook Co...
Sponsors: TONI PRECKWINKLE (President), LARRY SUFFREDIN
title
PROPOSED RESOLUTION

Phar Sadie, 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: Phar Sadie, LLC

Address: 3412-3426 W. Touhy Avenue, Skokie, Illinois

Municipality or Unincorporated Township: Skokie

Cook County District: 13

Permanent Index Number: 10-26-402-061-0000

Municipal Resolution Number: Resolution Number 15-4-R-1291

Number of month property vacant/abandoned: 12 months vacant

Special circumstances justification requested: Yes

TEERM (TEMPORARY EMERGENCY ECONOMIC RECOVERY MODIFICATION (Vacant for more than 12 months but less than 24 months - No Purchase for Value) Justification: Yes

Estimated Number of jobs created by this project: 200 full-time

Estimated Number of jobs retained at this location: None provided

Estimated Number of employees in Cook County: Not applicable

Estimated Number of construction jobs: 30 construction jobs

Proposed use of property: The applicant plans to use the vacant units for pharmaceutical 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/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 more than 24 continuous months, there has been no purchased for value by a purchaser and the property is in need of substantial rehabilitation; 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 ...

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