title
PROPOSED RESOLUTION
AOP, LLC / BUDDY BEAR CARWASH 7C COMMERCIAL URBAN RELIEF ELIGIBILITY ("CURE") RENEWAL PROPERTY TAX INCENTIVE REQUEST
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 7c renewal application containing the following information:
Applicant: AOP, LLC / Buddy Bear Carwash
Address: 1059 Mannheim Road, Bellwood, Illinois
Municipality or Unincorporated Township: Village of Bellwood, Illinois
Cook County District: 17
Permanent Index Number: 15-16-115-001-0000; 15-16-115-002-0000; 15-16-115-003-0000; 15-16-115-004-0000; 15-16-115-004-0000; 15-16-115-005-0000; 15-16-115-006-0000; 15-16-115-007-0000;
15-16-115-008-0000; 15-16-115-009-0000 and 15-16-115-010-0000
Municipal Resolution Number: Village of Bellwood, Resolution No. 19-30
Use of property: Commercial use - The applicant received the original Class 7c in 2015. The applicant improved the site by building and operating Buddy Bear Carwash
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 7c or Commercial Urban Relief Eligibility ("CURE") that provides an applicant a reduction in the assessment level for newly constructed or substantially rehabilitated or abandoned commercial property; and
WHEREAS, the Cook County Classification System for a Class 7c (CURE) Assessment defines abandoned property as " property where the buildings and other structures, or portions thereof, have been vacant and unused for more than 12 continuous months and as established by rule of the Assessor.; and
WHEREAS, Class 7c incentives that are granted are renewable and are limited to one renewal that requires the validation of the County Board. The applicant may apply for a renewal on or after the third year of the Incentive, but before the expiration of the fifth year of the Incentive. The applicant must obtain the municipal enabling Ordinance and present such municipal Ordinan...
Click here for full text