title
PROPOSED RESOLUTION
LIBERTY PROPERTY LIMITED PARTNERSHIP 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: Liberty Property Limited Partnership
Address: 5063 South Merrimac Avenue, Unincorporated Chicago, Illinois, 60638
Municipality or Unincorporated Township: Stickney
Cook County District: 16
Permanent Index Number: (8) PINs: 19-08-100-010-0000; 19-08-100-049-0000; 19-08-100-050-0000; 19-08-100-052-0000; 19-08-100-055-0000; 19-08-100-056-0000; 19-08-100-074-0000; 19-08-100-075-0000
Municipal Resolution Number: Not applicable
Number of month property vacant/abandoned: 22 months at the time of purchase
Special circumstances justification requested: Yes
Proposed use of property: Industrial
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 seller has no direct financial interest, the County may determine that special circumstances justify finding the property is deemed abandoned; a...
Click here for full text