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File #: 17-2199    Version: 1 Name: DEZARA HOLDINGS LLC 6B PROPERTY TAX INCENTIVE REQUEST
Type: Resolution (Class 6B) No Purchase for Value 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 DEZARA HOLDINGS 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: DeZara Holdings LLC Address: 10 Davis Drive, Bellwood, Illinois 60104 Municipality or Unincorporated Township: Bellwood Cook County District: 1 Permanent Index Number: 15-08-101-061-0000, subject to PIN division changes Municipal Resolution Number: 16-69 Number of month property vacant/abandoned: 35 months at time of application to BED Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 0 full-time, 0 part-time Estimated Number of jobs retained at this location: 10 full-time, 0 part-time Estimated Number of employees in Cook County: 10 full-time, 0 part-time Estimated Number of construction jobs: N/A Proposed use of property: Industrial- warehousing...
Sponsors: TONI PRECKWINKLE (President), RICHARD R. BOYKIN
title
PROPOSED RESOLUTION

DEZARA HOLDINGS 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: DeZara Holdings LLC

Address: 10 Davis Drive, Bellwood, Illinois 60104

Municipality or Unincorporated Township: Bellwood

Cook County District: 1

Permanent Index Number: 15-08-101-061-0000, subject to PIN division changes

Municipal Resolution Number: 16-69

Number of month property vacant/abandoned: 35 months at time of application to BED

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 0 full-time, 0 part-time

Estimated Number of jobs retained at this location: 10 full-time, 0 part-time

Estimated Number of employees in Cook County: 10 full-time, 0 part-time

Estimated Number of construction jobs: N/A

Proposed use of property: Industrial- warehousing, storage and distribution

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 purpose of Class 6b; and

WHEREAS, in the case of abandonment of over 24 months and no purchase for value by a disintereste...

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