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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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