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File #: 18-3654    Version: 1 Name: P.M. MOLD COMPANY, LLC CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)
Type: Resolution (Class 6B) SER Status: Approved
File created: 5/3/2018 In control: Business and Economic Development Committee
On agenda: 5/16/2018 Final action: 6/6/2018
Title: PROPOSED RESOLUTION P.M. MOLD COMPANY, 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: P.M. Mold Company, LLC Address: 736 Estes Avenue, Schaumburg, Illinois Length of time at current location: 15 years Length of time property under same ownership: 15 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 44 years Municipality or Unincorporated Township: Schaumburg Cook County District: 15 Permanent Index Number(s): 07-33-200-034-0000 Municipal Resolution Number: Village of Schaumburg, Resolution No. R-17-096 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Three (3), Deterioration, Obsolescence and the decline of the equaliz...
Sponsors: TONI PRECKWINKLE (President), TIMOTHY O. SCHNEIDER
title
PROPOSED RESOLUTION

P.M. MOLD COMPANY, 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: P.M. Mold Company, LLC

Address: 736 Estes Avenue, Schaumburg, Illinois

Length of time at current location: 15 years

Length of time property under same ownership: 15 years

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

Age of the Property (Building): 44 years

Municipality or Unincorporated Township: Schaumburg

Cook County District: 15

Permanent Index Number(s): 07-33-200-034-0000

Municipal Resolution Number: Village of Schaumburg, Resolution No. R-17-096

Evidence of Economic Hardship: Yes

Number of blighting factors associated with the property: Three (3), Deterioration, Obsolescence and the decline of the equalized assessed value.

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: 50 full-time jobs

Estimated # of employees in Cook County: Same as above

Estimated # of construction jobs: None

Proposed use of property: Industrial - Manufacturing: Manufacturing, assembling, packaging, warehousing, and shipping of plastic injection molds and products for the automotive, military, industrial, aerospace and agricultural industries globally.

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 a reduction in the assessment level for a long-term existing industrial enterprise that meets the qualifications of the SER program ; and

WHEREAS, the Cook County Classification System for Assessment ...

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