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File #: 17-3087    Version: 1 Name: FLEET PARK LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST
Type: Resolution Status: Approved
File created: 4/26/2017 In control: Business and Economic Development Committee
On agenda: 5/10/2017 Final action: 6/7/2017
Title: PROPOSED RESOLUTION FLEET PARK 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: Fleet Park LLC Address: 16901 Van Dam Road, South Holland, Illinois Municipality or Unincorporated Township: Village of South Holland Cook County District: 6th Permanent Index Number: 29-23-401-078-0000 Municipal Resolution Number: Resolution approved December 5, 2016 Number of month property vacant/abandoned: 14 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: Three (3) to Five full-time jobs Estimated Number of jobs retained at this location: To be determined Estimated Number of employees in Cook County: 50 full-time jobs Estimated Number of construction jobs: 50 full-time jobs Proposed use of property: Industrial site logistic se...
Sponsors: TONI PRECKWINKLE (President), EDWARD M. MOODY
title
PROPOSED RESOLUTION

FLEET PARK 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: Fleet Park LLC

Address: 16901 Van Dam Road, South Holland, Illinois

Municipality or Unincorporated Township: Village of South Holland

Cook County District: 6th

Permanent Index Number: 29-23-401-078-0000

Municipal Resolution Number: Resolution approved December 5, 2016

Number of month property vacant/abandoned: 14 months vacant

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: Three (3) to Five full-time jobs

Estimated Number of jobs retained at this location: To be determined

Estimated Number of employees in Cook County: 50 full-time jobs

Estimated Number of construction jobs: 50 full-time jobs

Proposed use of property: Industrial site logistic services, trailer repair and truck storage

Living Wage Ordinance Compliance Affidavit Provided: Yes

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 commercial 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 8; and

WHEREAS, in the case of abandonment of less than 24 months and purchase for value, by a purchaser in w...

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