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File #: 20-0447    Version: 1 Name: 1401 WESTERN AVENUE LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST
Type: Resolution (Class 8) Purchase for Value Status: Approved
File created: 11/29/2019 In control: Business and Economic Development Committee
On agenda: 12/19/2019 Final action: 1/16/2020
Title: PROPOSED RESOLUTION 1401 WESTERN AVENUE LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information: Applicant: 1401 Western Avenue LLC Address: 1401 Western Avenue, Chicago Heights, Illinois, 60411 Municipality or Unincorporated Township: Bloom Cook County District: 5 Permanent Index Number: (3) PINs: 32-19-300-011-0000; 32-19-300-019-0000; 32-19-300-020-0000 Municipal Resolution Number: City of Chicago Heights Resolution 2018-51a approved 6/20/2018 Number of month property vacant/abandoned: 7 months at time of application to BED Special circumstances justification requested: Yes Proposed use of property: Commercial-Healthcare Living Wage Ordinance Compliance Affidavit Provided: Yes WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applica...
Sponsors: TONI PRECKWINKLE (President), DEBORAH SIMS
title
PROPOSED RESOLUTION

1401 WESTERN AVENUE LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST

WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information:

Applicant: 1401 Western Avenue LLC

Address: 1401 Western Avenue, Chicago Heights, Illinois, 60411

Municipality or Unincorporated Township: Bloom

Cook County District: 5

Permanent Index Number: (3) PINs: 32-19-300-011-0000; 32-19-300-019-0000; 32-19-300-020-0000

Municipal Resolution Number: City of Chicago Heights Resolution 2018-51a approved 6/20/2018

Number of month property vacant/abandoned: 7 months at time of application to BED

Special circumstances justification requested: Yes

Proposed use of property: Commercial-Healthcare

Living Wage Ordinance Compliance Affidavit Provided: Yes

WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assessment level for an abandoned commercial 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 8; and

WHEREAS, in the case of abandonment of less than 24 months and purchase for value, by a purchaser in whom the seller has no direct financial interest, the County may determine that special circumstances justify finding the property is deemed abandoned; and

WHEREAS, Class 8 requires the validation by the County Board of the short...

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