Share to Facebook Share to Twitter Bookmark and Share
File #: 18-3257    Version: 1 Name: ROYAL CRANE SERVICES/JOHN MOONCOTCH JR. CLASS 8 PROPERTY TAX INCENTIVE REQUEST
Type: Resolution (Class 8) Purchase for Value Status: Approved
File created: 4/12/2018 In control: Business and Economic Development Committee
On agenda: 4/25/2018 Final action: 5/16/2018
Title: PROPOSED RESOLUTION ROYAL CRANE SERVICES/JOHN MOONCOTCH JR. 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: Royal Crane Services/John Mooncotch Jr. Address: 3950 W 155th Street, Markham, Illinois 60428 Municipality or Unincorporated Township: Markham Cook County District: 5 Permanent Index Number: (1) PIN: 28-14-300-015-0000 Municipal Resolution Number: City of Markham Ordinance 17-O-2171 approved March 15, 2017 Number of month property vacant/abandoned: 3 months at time of application to CCBED Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 2 full-time, 2 part-time Estimated Number of jobs retained at this location: 15 full-time, 2 part-time Estimated Number of employees in Cook County: 15 full-time, 2 part-time Estimated Number of co...
Sponsors: TONI PRECKWINKLE (President), DEBORAH SIMS
title
PROPOSED RESOLUTION

ROYAL CRANE SERVICES/JOHN MOONCOTCH JR. 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: Royal Crane Services/John Mooncotch Jr.

Address: 3950 W 155th Street, Markham, Illinois 60428

Municipality or Unincorporated Township: Markham

Cook County District: 5

Permanent Index Number: (1) PIN: 28-14-300-015-0000

Municipal Resolution Number: City of Markham Ordinance 17-O-2171 approved March 15, 2017

Number of month property vacant/abandoned: 3 months at time of application to CCBED

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 2 full-time, 2 part-time

Estimated Number of jobs retained at this location: 15 full-time, 2 part-time

Estimated Number of employees in Cook County: 15 full-time, 2 part-time

Estimated Number of construction jobs: 3

Proposed use of property: Industrial-Crane rental

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...

Click here for full text