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File #: 17-2192    Version: 1 Name: 7518 WEST 98TH PLACE, LLC OR ITS ASSIGNEE CLASS 7A PROPERTY TAX INCENTIVE REQUEST
Type: Resolution Status: Approved
File created: 3/8/2017 In control: Business and Economic Development Committee
On agenda: 3/22/2017 Final action: 4/12/2017
Title: PROPOSED RESOLUTION 7518 WEST 98TH PLACE, LLC OR ITS ASSIGNEE CLASS 7A PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 7a application containing the following information: Applicant: 7518 West 98th Place, LLC or its Assignee Address: 7518 West 98th Place, Bridgeview, Illinois 60455 Municipality or Unincorporated Township: Bridgeview Cook County District: 6 Permanent Index Number: 23-12-211-019-0000 Municipal Resolution Number: Village of Bridgeview Resolution No. 17-2 Number of month property vacant/abandoned: Nine (9) months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 10-15 full-time jobs Estimated Number of jobs retained at this location: 13 full-time jobs Estimated Number of employees in Cook County: 79 full-time jobs Estimated Number of construction jobs: 10-15 construction jobs Proposed u...
Sponsors: TONI PRECKWINKLE (President), EDWARD M. MOODY
title
PROPOSED RESOLUTION

7518 WEST 98TH PLACE, LLC OR ITS ASSIGNEE CLASS 7A PROPERTY TAX INCENTIVE REQUEST

WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 7a application containing the following information:

Applicant: 7518 West 98th Place, LLC or its Assignee

Address: 7518 West 98th Place, Bridgeview, Illinois 60455

Municipality or Unincorporated Township: Bridgeview

Cook County District: 6

Permanent Index Number: 23-12-211-019-0000

Municipal Resolution Number: Village of Bridgeview Resolution No. 17-2

Number of month property vacant/abandoned: Nine (9) months vacant

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 10-15 full-time jobs

Estimated Number of jobs retained at this location: 13 full-time jobs

Estimated Number of employees in Cook County: 79 full-time jobs

Estimated Number of construction jobs: 10-15 construction jobs

Proposed use of property: Commercial rental and sale of lifting gear

Living Wage Ordinance Compliance Affidavit Provided: No not required for commercial industry

WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 7a 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 7a; and

WHEREAS, in the case of abandonment of less ...

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