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File #: 16-3543    Version: 1 Name: Prologis-Exchange Il, LLC 6B PROPERTY TAX INCENTIVE REQUEST
Type: Resolution (Class 6B) No Purchase for Value Status: Approved
File created: 5/26/2016 In control: Business and Economic Development Committee
On agenda: 6/8/2016 Final action: 6/29/2016
Title: PROPOSED RESOLUTION Prologis-Exchange Il, 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: Prologis-Exchange Il, LLC Address: 2001 Lunt Avenue, Elk Grove Village, Illinois 60007 Municipality or Unincorporated Township: Elk Grove Village Cook County District: 15 Permanent Index Number: 08-35-104-074-0000 Municipal Resolution Number: Village of Elk Grove Resolution Number 30-14 Number of month property vacant/abandoned: 22 months vacant 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: 75 full-time, 100-175 part-time Estimated Number of construction jobs: 175-250 construction jobs...
Sponsors: TONI PRECKWINKLE (President), TIMOTHY O. SCHNEIDER
title
PROPOSED RESOLUTION

Prologis-Exchange Il, 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: Prologis-Exchange Il, LLC

Address: 2001 Lunt Avenue, Elk Grove Village, Illinois 60007

Municipality or Unincorporated Township: Elk Grove Village

Cook County District: 15

Permanent Index Number: 08-35-104-074-0000

Municipal Resolution Number: Village of Elk Grove Resolution Number 30-14

Number of month property vacant/abandoned: 22 months vacant

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: 75 full-time, 100-175 part-time

Estimated Number of construction jobs: 175-250 construction jobs

Proposed use of property: manufacturing, 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 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 circumstances may exist that justify finding that the property is abandoned for purpose of Class 6b; and

WHEREAS, in the case of abandonment...

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