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File #: 18-3265    Version: 1 Name: SANTA FE INDUSTRIAL INVESTORS, LLC 6B PROPERTY TAX INCENTIVE REQUEST
Type: Resolution Status: Approved
File created: 4/13/2018 In control: Business and Economic Development Committee
On agenda: 4/25/2018 Final action: 5/16/2018
Title: 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...
Sponsors: TONI PRECKWINKLE (President), SEAN M. MORRISON
title
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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