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PROPOSED RESOLUTION
PAR MANAGEMENT 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: PAR Management LLC
Address: 2150-2154 Madison Street, Bellwood, Illinois
Municipality or Unincorporated Township: Village of Bellwood
Cook County District: 1
Permanent Index Number: 15-15-100-002-0000; 15-15-100-002-0000; 15-15-100-003-0000; 15-15-100-004-0000;15-15-100-0018-0000; 15-10-332-003-0000 and 15-10-332-004-0000
Municipal Resolution Number: Resolution Number 16-44
Number of month property vacant/abandoned: Number of months vacant 24
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: Six (6) full-time jobs
Estimated Number of jobs retained at this location: Six (6) full-time jobs, two (2) part-time jobs
Estimated Number of employees in Cook County: Same as retained
Estimated Number of construction jobs: 10-15 construction jobs
Proposed use of property: Industrial, woodwork manufacturing
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 p...
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