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File #: 18-3655    Version: 1 Name: CONSTANTINE, LLC, SERIES CRESTWOOD CLASS 8 PROPERTY TAX INCENTIVE REQUEST
Type: Resolution (Class 8) Purchase for Value 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 CONSTANTINE, LLC, SERIES CRESTWOOD 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: Constantine, LLC, Series Crestwood Address: 14301 S. Cicero Avenue, Crestwood, Illinois Municipality or Unincorporated Township: Village of Crestwood Cook County District: 6th Permanent Index Number: 28-10-100-038-0000 Municipal Resolution Number: Village of Crestwood Resolution No. 1090 (2017) Number of month property vacant/abandoned: Nine (9) months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 15 full-time, five (5) part-time Estimated Number of jobs retained at this location: 80 full-time, 20 part-time jobs Estimated Number of employees in Cook County: same as above Estimated Number of construction jobs: Three (3) to fou...
Sponsors: TONI PRECKWINKLE (President), EDWARD M. MOODY
title
PROPOSED RESOLUTION

CONSTANTINE, LLC, SERIES CRESTWOOD 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: Constantine, LLC, Series Crestwood

Address: 14301 S. Cicero Avenue, Crestwood, Illinois

Municipality or Unincorporated Township: Village of Crestwood

Cook County District: 6th

Permanent Index Number: 28-10-100-038-0000

Municipal Resolution Number: Village of Crestwood Resolution No. 1090 (2017)

Number of month property vacant/abandoned: Nine (9) months vacant

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 15 full-time, five (5) part-time

Estimated Number of jobs retained at this location: 80 full-time, 20 part-time jobs

Estimated Number of employees in Cook County: same as above

Estimated Number of construction jobs: Three (3) to four (4) jobs

Proposed use of property: Commercial use, dental office

Living Wage Ordinance Compliance Affidavit Provided: Not applicable

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 ...

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