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PROPOSED RESOLUTION
SANTA FE INDUSTRIAL INVESTORS, LLC 6B PROPERTY TAX INCENTIVE REQUEST
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information:
Applicant: Santa Fe Industrial Investors, LLC
Address: 7335 & 7435 Santa Fe Drive, Hodgkins, Illinois
Municipality or Unincorporated Township: Village of Hodgkins
Cook County District: 17
Permanent Index Number: 18-28-200-032-0000; 18-28-200-035-0000 and 18-28-200-036-0000
Municipal Resolution Number: Village of Hodgkins Resolution No.2017-10
Number of month property vacant/abandoned: Number of months vacant
Special circumstances justification requested: Yes or No
TEERM (TEMPORARY EMERGENCY ECONOMIC RECOVERY MODIFICATION (Vacant for more than 12 months but less than 24 months - No Purchase for Value) Justification: Yes
Estimated Number of jobs created by this project: 100-120 full-time jobs
Estimated Number of jobs retained at this location: Not applicable
Estimated Number of employees in Cook County: See above
Estimated Number of construction jobs: Not applicable
Proposed use of property: Industrial use - manufacturing, distribution and light assembly
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an abandoned industrial/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 more than 24 continuous months, there has been no purchased for value by a purchaser and the property is in need of substantial rehabilitation; and
WHEREAS, in the instance where the property does not meet the definition of abandoned property, the municipality or the Board...
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