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PROPOSED RESOLUTION
SCHILLER 9405 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: Schiller 9405 LLC
Address: 9405 West River Street, Schiller Park, Illinois 60716
Municipality or Unincorporated Township: Schiller Park
Cook County District: 9
Permanent Index Number: (1) PIN: 12-10-302-042-0000
Municipal Resolution Number: Resolution 18-18 approved September 6, 2018
Number of month property vacant/abandoned: 18 months at time of application to BED
Special circumstances justification requested: Yes
Estimated Number of jobs created by this project: 39 full-time, 6 part-time
Estimated Number of jobs retained at this location: 44 full-time, 21 part-time
Estimated Number of employees in Cook County: 112 full-time, 56 part-time
Estimated Number of construction jobs: 20
Proposed use of property: Industrial-Warehousing
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 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 6b; and
WHEREAS, in the case of abandonment of less than 24 months and purchase for value, by a purchaser in whom the selle...
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