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File #: 18-6057    Version: 1 Name: BARRY & GORDON WILLY D/B/A NATIONAL CYCLE INC. CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)
Type: Resolution Status: Approved
File created: 9/21/2018 In control: Business and Economic Development Committee
On agenda: 10/17/2018 Final action: 10/17/2018
Title: PROPOSED RESOLUTION BARRY & GORDON WILLY D/B/A NATIONAL CYCLE INC. 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: Barry & Gordon Willy d/b/a National Cycle Inc. Address: 2200 S. Maywood Drive, Maywood, Illinois Length of time at current location: 35 years Length of time property under same ownership: 35 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 60 Years Old Municipality or Unincorporated Township: Village of Maywood Cook County District: 1 Permanent Index Number(s): 15-15-102-016-0000 Municipal Resolution Number: Village of Maywood Resolution No. 2018-47 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Three (3) bli...
Sponsors: TONI PRECKWINKLE (President), RICHARD R. BOYKIN
title
PROPOSED RESOLUTION

BARRY & GORDON WILLY D/B/A NATIONAL CYCLE INC. 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: Barry & Gordon Willy d/b/a National Cycle Inc.

Address: 2200 S. Maywood Drive, Maywood, Illinois

Length of time at current location: 35 years

Length of time property under same ownership: 35 years

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

Age of the Property (Building): 60 Years Old

Municipality or Unincorporated Township: Village of Maywood

Cook County District: 1

Permanent Index Number(s): 15-15-102-016-0000

Municipal Resolution Number: Village of Maywood Resolution No. 2018-47

Evidence of Economic Hardship: Yes

Number of blighting factors associated with the property: Three (3) blighting factors, deterioration, obsolescence and dilapidation

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: 130 full-time jobs

Estimated # of employees in Cook County: Same as above

Estimated # of construction jobs: None

Proposed use of property: Industrial - Manufacturing: Manufacturing and distribution

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 requires that an applicant under the Class 6b SER program provide evidence justifying their participation in the subject program...

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