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File #: 16-5497    Version: 1 Name: 1600 DePRIZO TMG LLC 6B PROPERTY TAX INCENTIVE REQUEST
Type: Resolution Status: Approved
File created: 9/21/2016 In control: Business and Economic Development Committee
On agenda: 10/5/2016 Final action: 10/26/2016
Title: PROPOSED RESOLUTION 1600 DePRIZO TMG 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: 1600 Deprizo TMG LLC Address: 1600 N. De Prizio Drive, Melrose Park, Illinois Municipality or Unincorporated Township: Melrose Park Cook County District: 16th Permanent Index Number: 15-04-208-006-0000 Municipal Resolution Number: Village of Melrose Park Resolution No. 15-16 Number of month property vacant/abandoned: Less than 24 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: five (5) - seven (7) full-time, five (5) - seven (7) part-time Estimated Number of jobs retained at this location: 15 full-time, 15 part-time Estimated Number of employees in Cook County: not applicable Estimated Number of construction jobs: 10 construction jobs ...
Sponsors: TONI PRECKWINKLE (President), JEFFREY R. TOBOLSKI
title
PROPOSED RESOLUTION

1600 DePRIZO TMG 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: 1600 Deprizo TMG LLC

Address: 1600 N. De Prizio Drive, Melrose Park, Illinois

Municipality or Unincorporated Township: Melrose Park

Cook County District: 16th

Permanent Index Number: 15-04-208-006-0000

Municipal Resolution Number: Village of Melrose Park Resolution No. 15-16

Number of month property vacant/abandoned: Less than 24 months vacant

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: five (5) - seven (7) full-time, five (5) - seven (7) part-time

Estimated Number of jobs retained at this location: 15 full-time, 15 part-time

Estimated Number of employees in Cook County: not applicable

Estimated Number of construction jobs: 10 construction jobs

Proposed use of property: 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, 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 of less than 24 months and purchase for value, ...

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