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File #: 18-3176    Version: 1 Name: PLUM GROVE PRINTERS CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)
Type: Resolution (Class 6B) SER Status: Approved
File created: 4/10/2018 In control: Business and Economic Development Committee
On agenda: 4/25/2018 Final action: 5/16/2018
Title: PROPOSED RESOLUTION PLUM GROVE PRINTERS 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: Plum Grove Printers Address: 2160 Stonington Ave. Hoffman Estates, Illinois Length of time at current location: 24 years Length of time property under same ownership: 24 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 31 years Municipality or Unincorporated Township: Village of Hoffman Estates Cook County District: 15 Permanent Index Number(s): 07-06-102-013-0000 Municipal Resolution Number: Resolution No. 1644-2017 approved October 16, 2017 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Three (3) blighting factors: Inadequate Utilitie...
Sponsors: TONI PRECKWINKLE (President), TIMOTHY O. SCHNEIDER
title
PROPOSED RESOLUTION

PLUM GROVE PRINTERS 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: Plum Grove Printers

Address: 2160 Stonington Ave. Hoffman Estates, Illinois

Length of time at current location: 24 years

Length of time property under same ownership: 24 years

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

Age of the Property (Building): 31 years

Municipality or Unincorporated Township: Village of Hoffman Estates

Cook County District: 15

Permanent Index Number(s): 07-06-102-013-0000

Municipal Resolution Number: Resolution No. 1644-2017 approved October 16, 2017

Evidence of Economic Hardship: Yes

Number of blighting factors associated with the property: Three (3) blighting factors: Inadequate Utilities - a fire sprinkler system needs to be added along with a new water service to accommodate future water needs, along with electrical upgrades; Obsolescence -Technology upgrades for both manufacturing equipment and computer power are required to maintain competitiveness and Excessive Vacancies in the Area - There is over 50,000 sq. ft. of unoccupied industrial/office space within 100 yards of our present location.

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

Estimated # of jobs created by this project: Three (3) - five (5) full-time jobs

Estimated # of jobs retained at this location: 24 full-time, five (5) part-time

Estimated # of employees in Cook County: Same as above

Estimated # of construction jobs: None

Proposed use of property: Industrial - Manufacturing: Yes

Living Wage Ordinance Compliance Affidavit Provided: Yes

WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b Sustainable Emerg...

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