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File #: 17-2209    Version: 1 Name: HAMRA GATEWAY LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST
Type: Resolution (Class 8) 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 HAMRA GATEWAY LLC 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: Hamra Gateway LLC Address: 300 East 162nd Street, South Holland, Illinois 60473 Municipality or Unincorporated Township: South Holland Cook County District: 6 Permanent Index Number: (6) PINs: 29-15-308-018-0000; 29-15-308-019-0000; 29-15-308-020-0000; 29-15-308-040-0000; 29-15-308-042-0000; 29-15-308-072-0000 Municipal Resolution Number: Village of South Holland Resolution approved August 3, 2015 Number of month property vacant/abandoned: 26 months at time of application to BED Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 50 full-time, 0 part-time Estimated Number of jobs retained at this location: 0 full-time, 0 part-time Estimated Number of empl...
Sponsors: TONI PRECKWINKLE (President), EDWARD M. MOODY
title
PROPOSED RESOLUTION

HAMRA GATEWAY LLC 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: Hamra Gateway LLC

Address: 300 East 162nd Street, South Holland, Illinois 60473

Municipality or Unincorporated Township: South Holland

Cook County District: 6

Permanent Index Number: (6) PINs: 29-15-308-018-0000; 29-15-308-019-0000; 29-15-308-020-0000; 29-15-308-040-0000; 29-15-308-042-0000; 29-15-308-072-0000

Municipal Resolution Number: Village of South Holland Resolution approved August 3, 2015

Number of month property vacant/abandoned: 26 months at time of application to BED

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 50 full-time, 0 part-time

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

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

Estimated Number of construction jobs: #0

Proposed use of property: Commerical-retail/office center

Living Wage Ordinance Compliance Affidavit Provided: N/A

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 fo...

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