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PROPOSED NO CASH BID REQUEST
Requestor: Brad L. Bettenhausen, Village Treasurer/Finance Director, Village of Tinley Park
Request: Approval of No Cash Bid Request
Location: Village of Tinley Park
Volume and Property Index Number:
031, 28-19-101-006-0000; 031, 28-19-300-055-0000; 031, 28-19-300-075-0000; 031, 28-19-300-082-0000; 031, 28-19-300-083-0000; 031, 28-19-300-084-0000; 031, 28-19-300-085-0000; 031, 28-19-300-086-0000; 031, 28-19-300-087-0000; 031, 28-19-300-088-0000; 034, 28-30-107-017-0000; 034, 28-30-108-016-0000; 034, 28-30-301-019-0000; 034, 28-30-301-021-0000; 034, 28-30-406-004-0000; 034, 28-30-412-049-0000; 035, 28-31-400-022-0000; 035, 28-31-401-085-0000; 147, 27-23-312-060-0000; 147, 27-23-313-037-0000; 147, 27-25-105-004-0000; 147, 27-25-217-011-0000; 147, 27-25-217-046-0000; 147, 27-25-225-008-0000; 147, 27-25-230-001-0000; 147, 27-34-104-023-0000; 147, 27-35-301-003-0000
Summary: Please allow this cover letter to serve as the Village of Tinley Park’s request for participation in the Cook County No Cash Bid Program for the following twenty-seven (27) properties: The Village of Tinley Park’s request package contains twenty-seven (27) parcels of vacant land. The village intends to acquire each of the twenty-seven (27) parcels and to develop certain parcels to create additional public Right-of-Ways which include public sidewalks, roadways, and drainage areas. In addition, certain parcels will be developed into detention areas and open space. The Village herein represents that it does not have any agreements or proposals at this time from any third-party developer, organization or other private entity pertaining to the development, transfer, sale, or use of any of the twenty-seven (27) parcels described above. If the Village is successful in receiving Certificates of Purchase for the above described parcels, the Village will retain legal counsel to obtain the tax deed for each such parcel and bear all legal and other costs associated with the acquisition of the parcels. Additionally, the Village will file for and maintain tax exempt status on the parcels until such time that the parcel(s) and deed(s) are conveyed to a developer.
Additionally, the Village will submit to the Cook County Bureau of Economic Development, No Cash Bid Reports on the status of each parcel for five years or until development is complete whichever occurs last, as required by the Cook County No Cash Bid Ordinance. Please note that on November 6, 2018, the President and Board of Trustees of the Village of Tinley Park approved an Ordinance authorizing the acquisition of twenty-seven (27) total PINs.
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