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File #: 18-5679    Version: 1 Name: WRD CALUMET CITY, LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST
Type: Resolution (Class 8) Purchase for Value Status: Approved
File created: 8/30/2018 In control: Business and Economic Development Committee
On agenda: 9/12/2018 Final action: 9/26/2018
Title: PROPOSED RESOLUTION WRD CALUMET CITY, LLC 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: WRD Calumet City, LLC Address: 1370 Torrence Avenue, Calumet City, Illinois Municipality or Unincorporated Township: City of Calumet City Cook County District: 4 Permanent Index Number: 29-24-200-010-0000 Municipal Resolution Number: City of Calumet City Resolution No. 17-53 Number of month property vacant/abandoned: 10 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this project: 50 full-time jobs, 30 part-time jobs Estimated Number of jobs retained at this location: none Estimated Number of employees in Cook County: Not available Estimated Number of construction jobs: 20 construction jobs Proposed use of property: What will this property be us...
Sponsors: TONI PRECKWINKLE (President), STANLEY MOORE
title
PROPOSED RESOLUTION

WRD CALUMET CITY, LLC 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: WRD Calumet City, LLC

Address: 1370 Torrence Avenue, Calumet City, Illinois

Municipality or Unincorporated Township: City of Calumet City

Cook County District: 4

Permanent Index Number: 29-24-200-010-0000

Municipal Resolution Number: City of Calumet City Resolution No. 17-53

Number of month property vacant/abandoned: 10 months vacant

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 50 full-time jobs, 30 part-time jobs

Estimated Number of jobs retained at this location: none

Estimated Number of employees in Cook County: Not available

Estimated Number of construction jobs: 20 construction jobs

Proposed use of property: What will this property be used for?

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 for value, by a purchaser in whom the seller has no direct fi...

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