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File #: 19-6001    Version: 1 Name: AMENDMENT OF LSA United 6B PROPERTY TAX INCENTIVE REQUEST
Type: Amendment to a Previously Approved Item Status: Approved
File created: 10/4/2019 In control: Business and Economic Development Committee
On agenda: 10/24/2019 Final action: 11/21/2019
Title: PROPOSED PREVIOUSLY APPROVED ITEM AMENDMENT Department: Cook County Bureau of Economic Development Request: Amendment of a Scrivener's error Item Number: 19-2870 Fiscal Impact: N/A Account(s): N/A Original Text of Item: LSA United 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: LSA United Address: 2310 W. 78th Street, Chicago, Illinois Municipality or Unincorporated Township: City of Chicago Cook County District: 3 Permanent Index Number: 20-308-004-0000 20-30-308--004-0000; 20-30-308-009-0000 and 20-30-308-011-0000 Municipal Resolution Number: City of Chicago Industrial Growth Zone Authorization Letter dated January 18, 2019 Number of month property vacant/abandoned: 39 months vacant Special circumstances justification requested: Yes Estimated Number of jobs created by this pr...
Sponsors: TONI PRECKWINKLE (President), BILL LOWRY
title
PROPOSED PREVIOUSLY APPROVED ITEM AMENDMENT

Department: Cook County Bureau of Economic Development

Request: Amendment of a Scrivener's error

Item Number: 19-2870

Fiscal Impact: N/A

Account(s): N/A

Original Text of Item: LSA United 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: LSA United

Address: 2310 W. 78th Street, Chicago, Illinois

Municipality or Unincorporated Township: City of Chicago

Cook County District: 3

Permanent Index Number: 20-308-004-0000 20-30-308--004-0000; 20-30-308-009-0000 and 20-30-308-011-0000

Municipal Resolution Number: City of Chicago Industrial Growth Zone Authorization Letter dated January 18, 2019

Number of month property vacant/abandoned: 39 months vacant

Special circumstances justification requested: Yes

Estimated Number of jobs created by this project: 23 full-time jobs

Estimated Number of jobs retained at this location: 25 full-time jobs

Estimated Number of employees in Cook County: Same as above

Estimated Number of construction jobs: Information to be determined

Proposed use of property: Industrial use - 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 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 more than 24 continuous months, there has been no purchased for value by a purchaser and the property is in need of substantial rehabilitation ; and

WHEREAS, in the instance where the property does not meet the definition of abandoned proper...

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