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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, 29-30-223-041-0000; 217, 29-30-223-013-0000; 217, 29-30-131-004-0000.
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 three (3) PINs. The first PIN is a commercial building housing a hair salon. It is the Village's desire to obtain title to this property through the County's No Cash Bid Program so that the property can be redeveloped for mixed use or commercial purposes or transferred to a private entity for redevelopment as mixed use or commercial property, returned to the tax rolls and create additional employment opportunities within the Village.
The second PIN is a commercial building housing a fast food restaurant. The third PIN is a commercial building housing 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 r...
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