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File #: 18-3163    Version: 1 Name: SMS REALTY (BLUE ISLAND) LLC CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)
Type: Resolution (Class 6B) SER Status: Approved
File created: 4/9/2018 In control: Business and Economic Development Committee
On agenda: 4/25/2018 Final action: 5/16/2018
Title: PROPOSED RESOLUTION SMS REALTY (BLUE ISLAND) LLC 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: SMS Realty (Blue Island) LLC Address: 3000 West 139th Street, Blue Island, Illinois Length of time at current location: 25 years Length of time property under same ownership: Five (5) years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 52 Years Municipality or Unincorporated Township: Blue Island Cook County District: 5 Permanent Index Number(s): 28-01-111-060-0000 Municipal Resolution Number: City of Blue Island Resolution No. 2017-025 approved July 11, 2017 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Three (3) Dilapidation ...
Sponsors: TONI PRECKWINKLE (President), DEBORAH SIMS
title
PROPOSED RESOLUTION

SMS REALTY (BLUE ISLAND) LLC 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: SMS Realty (Blue Island) LLC

Address: 3000 West 139th Street, Blue Island, Illinois

Length of time at current location: 25 years

Length of time property under same ownership: Five (5) years

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

Age of the Property (Building): 52 Years

Municipality or Unincorporated Township: Blue Island

Cook County District: 5

Permanent Index Number(s): 28-01-111-060-0000

Municipal Resolution Number: City of Blue Island Resolution No. 2017-025 approved July 11, 2017

Evidence of Economic Hardship: Yes

Number of blighting factors associated with the property: Three (3) Dilapidation - the loading dock and part of the yard floods; Obsolescence - There is no sprinkler system, and the storage building needs plumbing and electrical work and Deterioration- Physical wear and tear of the building due to lack or maintenance and 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: 100 full-time, 20 part-time

Estimated # of employees in Cook County: Same as above

Estimated # of construction jobs: None

Proposed use of property: Industrial - Manufacturing: Processing scrap metals, steel mill services, intermodal truck container, and railcar dismantling, ship and oil rig recycling as well as trailer leasing operations

Living Wage Ordinance Compliance Affidavit Provided: Yes

WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) that provides an applicant...

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