File #: 17-5115    Version: 1 Name: BLUETICK REAL ESTATE
Type: Resolution (Class 8) Purchase for Value Status: Approved
File created: 8/30/2017 In control: Business and Economic Development Committee
On agenda: 9/13/2017 Final action: 10/11/2017
Title: PROPOSED RESOLUTION BLUETICK REAL ESTATE HOLDINGS LLC/CHRIS PALIGA 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: Bluetick Real Estate Holdings LLC/Chris Paliga Address: 17940 Torrence Avenue, Lansing, Illinois 60438 Municipality or Unincorporated Township: Lansing Cook County District: 4 Permanent Index Number: (2) PINs: Municipal Resolution Number: Resolution 917 approved 2/17/2015 Number of month property vacant/abandoned: 22 months at the time of application to BED Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 4 full-time, 32 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: 7-12 ...
Sponsors: TONI PRECKWINKLE (President), STANLEY MOORE
title
PROPOSED RESOLUTION

BLUETICK REAL ESTATE HOLDINGS LLC/CHRIS PALIGA 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: Bluetick Real Estate Holdings LLC/Chris Paliga

Address: 17940 Torrence Avenue, Lansing, Illinois 60438

Municipality or Unincorporated Township: Lansing

Cook County District: 4

Permanent Index Number: (2) PINs:

Municipal Resolution Number: Resolution 917 approved 2/17/2015

Number of month property vacant/abandoned: 22 months at the time of application to BED

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 4 full-time, 32 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: 7-12

Proposed use of property: Commercial-Restaurant

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 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 purc...

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