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File #: 18-1974    Version: 1 Name: THE MARVEL GROUP CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)
Type: Resolution (Class 6B) SER Status: Approved
File created: 1/25/2018 In control: Business and Economic Development Committee
On agenda: 2/7/2018 Final action: 3/14/2018
Title: PROPOSED RESOLUTION THE MARVEL GROUP CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER) WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) application containing the following information: Applicant: The Marvel Group Address: 3843 W. 43rd Street; 4417 S. Springfield Avenue, Chicago, Illinois 60632 Length of time at current location: 66 Years Length of time property under same ownership: 66 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 72 years Municipality or Unincorporated Township: City of Chicago Cook County District: 16 Permanent Index Number(s): 19-02-301-003-0000; 19-02-301-008-0000;19-02-301-009-0000; 19-02-301-011-0000; 19-02-301-012-0000; 19-02-301-014-0000 and 19-02-303-036-0000 Municipal Resolution Number: City of Chicago Resolution approved January 5, 2018 Evidenc...
Sponsors: TONI PRECKWINKLE (President), JEFFREY R. TOBOLSKI
title
PROPOSED RESOLUTION

THE MARVEL GROUP CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)

WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) application containing the following information:

Applicant: The Marvel Group

Address: 3843 W. 43rd Street; 4417 S. Springfield Avenue, Chicago, Illinois 60632

Length of time at current location: 66 Years

Length of time property under same ownership: 66 years

Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes

Age of the Property (Building): 72 years

Municipality or Unincorporated Township: City of Chicago

Cook County District: 16

Permanent Index Number(s): 19-02-301-003-0000; 19-02-301-008-0000;19-02-301-009-0000; 19-02-301-011-0000; 19-02-301-012-0000; 19-02-301-014-0000 and 19-02-303-036-0000

Municipal Resolution Number: City of Chicago Resolution approved January 5, 2018

Evidence of Economic Hardship: Yes

Number of blighting factors associated with the property: Dilapidation - The roof on all 3 buildings need to be replace and/or repaired. Obsolescence - Inherent functional obsolescence access to the buildings are restricted and inefficient and the ceiling heights are less than desirable. Deterioration - Production equipment needs to be repaired and/or replaced, HVAC system, double -hung windows and masonry walls need repair.

Has justification for the Class 6b SER program been provided?: Yes

Estimated # of jobs created by this project: None

Estimated # of jobs retained at this location: 177 full-time jobs

Estimated # of employees in Cook County: Same as above

Estimated # of construction jobs: None

Proposed use of property: Industrial - Manufacturing: Manufacturing of high-quality metal office furniture and heavy-duty metal weapons and equipment cases for the military

Living Wage Ordinance Compliance Affidavit Provided:

WHEREAS, the...

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