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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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