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PROPOSED RESOLUTION
CENTRAL AVENUE CORPORATION CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) application containing the following information:
Applicant: Central Avenue Corporation
Address: 5000 South Central Avenue, Chicago, Illinois
Length of time at current location: Over 30 years
Length of time property under same ownership: Over 30 years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building):
Municipality or Unincorporated Township: Unincorporated Cook Stickney Township
Cook County District: 16
Permanent Index Number(s): 19-08-203-017-0000;19-08-203-027-0000;19-08-203-038-0000 and 19-08-203-044-0000
Municipal Resolution Number: Located in Unincorporated Cook
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: Three (3) blighted factors Dilapidation; Deterioration and Deleterious Land-use or layout
Has justification for the Class 6b SER program been provided?: Yes
Estimated # of jobs created by this project: Not applicable
Estimated # of jobs retained at this location: 14 full-time, two (2) part-time
Estimated # of employees in Cook County: Not applicable
Estimated # of construction jobs: Not applicable
Proposed use of property: Industrial - 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 Sustainable Emergency Relief (SER) that provides an applicant a reduction in the assessment level for a long-term existing industrial enterprise that meets the qualifications of the SER program ; and
WHEREAS, the Cook County Classification System for Assessment requires that an applicant under the Cla...
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