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File #: 20-0100    Version: 1 Name: LIBERTY PROPERTY LIMITED PARTNERSHIP 6B PROPERTY TAX INCENTIVE REQUEST
Type: Resolution Status: Approved
File created: 10/4/2019 In control: Business and Economic Development Committee
On agenda: 12/19/2019 Final action: 1/16/2020
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 a...
Sponsors: TONI PRECKWINKLE (President), JEFFREY R. TOBOLSKI
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...

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