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PROPOSED RESOLUTION
ABY PETROLEUM INC. (ABI) 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: Aby Petroleum Inc. (ABI)
Address: 1006 E. Sibley Blvd., Dolton, Illinois
Municipality or Unincorporated Township: Village of Dolton
Cook County District: 6
Permanent Index Number: 29-11-129-050-0000 (formerly known as 29-11-129-039 partial)
Municipal Resolution Number: Village of Dolton Resolution No. 14-R-0004
Number of month property vacant/abandoned: 56 months vacant
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 25 full-time, five (5) part-time
Estimated Number of jobs retained at this location: None
Estimated Number of employees in Cook County: 20 full-time jobs
Estimated Number of construction jobs: 10-15 construction jobs
Proposed use of property: This property will be used as a commercial restaurant with drive thru window
Living Wage Ordinance Compliance Affidavit Provided: Not required
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...
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