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File #: 17-2677    Version: 1 Name: Hazel Crest 1 - 4 PINs 2017 NCB Round 1
Type: No Cash Bid Request Status: Approved
File created: 4/5/2017 In control: Finance Subcommittee on Tax Delinquency
On agenda: 4/12/2017 Final action: 6/7/2017
Title: PROPOSED NO CASH BID REQUEST Requestor: Vernard L. Alsberry, Jr., President, Village of Hazel Crest Request: Approval of No Cash Bid Request Location: Village of Hazel Crest Volume and Property Index Number: 217, 29-30-223-011-0000; 217, 29-30-223-012-0000; 217, 29-30-223-044-0000; 217, 29-30-131-005-0000. Summary: Please accept this letter as the Village of Hazel Crest's application to participate in the Cook County No Cash Bid Program for the 2017 County Scavenger Sale for the parcels identified. This Request Package contains four (4) PINs. The PINs are all being used as parking lots and have no structures on the property. The first three (3) PINs for a fast food restaurant and the last PIN for a specialty grocery store. It is the Village's desire to obtain title to these properties through the County's No Cash Bid Program so that the property can be redeveloped for commercial purposes or transferred to a private entity for redevelopment as commercial property, returned to...
Indexes: DEBORAH SIMS, County Commissioner
title
PROPOSED NO CASH BID REQUEST

Requestor: Vernard L. Alsberry, Jr., President, Village of Hazel Crest

Request: Approval of No Cash Bid Request

Location: Village of Hazel Crest

Volume and Property Index Number:
217, 29-30-223-011-0000; 217, 29-30-223-012-0000; 217, 29-30-223-044-0000; 217, 29-30-131-005-0000.

Summary: Please accept this letter as the Village of Hazel Crest's application to participate in the Cook County No Cash Bid Program for the 2017 County Scavenger Sale for the parcels identified. This Request Package contains four (4) PINs. The PINs are all being used as parking lots and have no structures on the property. The first three (3) PINs for a fast food restaurant and the last PIN for a specialty grocery store. It is the Village's desire to obtain title to these properties through the County's No Cash Bid Program so that the property can be redeveloped for commercial purposes or transferred to a private entity for redevelopment as commercial property, returned to the tax rolls and create additional employment opportunities within the Village.

In the event this application is approved, it is the Village's intent to file the necessary documents required to obtain tax-exempt status for the parcels. The Village will continue to maintain tax-exempt status for the parcels as long as the Village continues to own the parcels. Please be advised that the Village does not have any agreements to convey the perfected tax deeds for the parcels to any developer, organization or other private party pertaining to these parcels. The Village is not acting on behalf of any third party requestor.

In the event this application is approved, the Village will retain legal counsel in order to obtain the tax deeds. It will be the Village's responsibility to bear all legal and other costs that are necessary for its acquisition of the parcels through the tax deed process. The Village understands and agrees that it will need to comply with the reporting requireme...

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