File #: 16-4195    Version: 1 Name: Sam Bisbikis
Type: Resolution (Class 8) No Purchase for Value Status: Approved
File created: 6/28/2016 In control: Business and Economic Development Committee
On agenda: 7/13/2016 Final action: 8/3/2016
Title: PROPOSED RESOLUTION SAM BISBIKIS 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: Sam Bisbikis Address: 16524 Vincennes Road, South Holland, Illinois Municipality or Unincorporated Township: Village of South Holland Cook County District: 6 Permanent Index Number: 29-21-201-008-0000 Municipal Resolution Number: Village of South Holland Resolution approved 4/15/2013 Number of month property vacant/abandoned: 30 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: One (1) to five (5) full-time jobs Estimated Number of jobs retained at this location: 12 full-time Estimated Number of employees in Cook County: two (20 to seven (7) construction jobs Estimated Number of construction jobs: Not applicable ...
Sponsors: TONI PRECKWINKLE (President), JOAN PATRICIA MURPHY
title
PROPOSED RESOLUTION

SAM BISBIKIS 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: Sam Bisbikis

Address: 16524 Vincennes Road, South Holland, Illinois

Municipality or Unincorporated Township: Village of South Holland

Cook County District: 6

Permanent Index Number: 29-21-201-008-0000

Municipal Resolution Number: Village of South Holland Resolution approved 4/15/2013

Number of month property vacant/abandoned: 30 months vacant

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: One (1) to five (5) full-time jobs

Estimated Number of jobs retained at this location: 12 full-time

Estimated Number of employees in Cook County: two (20 to seven (7) construction jobs

Estimated Number of construction jobs: Not applicable

Proposed use of property: Commercial use

Living Wage Ordinance Compliance Affidavit Provided: No, not required for commercial use.

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 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 8; and

WHEREAS, in the case of abandonment o...

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