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File #: 20-3339    Version: 1 Name: Stratton Hats, Inc. CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)
Type: Resolution (Class 6B) SER Status: Approved
File created: 7/16/2020 In control: Business and Economic Development Committee
On agenda: 7/30/2020 Final action: 9/24/2020
Title: PROPOSED RESOLUTION STRATTON HATS, INC. CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER) WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) application containing the following information: Applicant: Stratton Hats, Inc. Address: 3200 W. Randolph Street, Bellwood, Illinois Length of time at current location: 46 years Length of time property under same ownership: 46 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 55 years Municipality or Unincorporated Township: Village of Bellwood Cook County District: 1 Permanent Index Number(s): 15-09-400-076-0000 and 15-09-400-094-0000 Municipal Resolution Number: Village of Bellwood, Resolution No. 19-45 Evidence of Economic Hardship: Number of blighting factors associated with the property: Dilapidation, Obsolescence & Deterioration: ...
Sponsors: TONI PRECKWINKLE (President), BRANDON JOHNSON, FRANK J. AGUILAR
title
PROPOSED RESOLUTION

STRATTON HATS, INC. CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)

WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) application containing the following information:

Applicant: Stratton Hats, Inc.

Address: 3200 W. Randolph Street, Bellwood, Illinois

Length of time at current location: 46 years

Length of time property under same ownership: 46 years

Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes

Age of the Property (Building): 55 years

Municipality or Unincorporated Township: Village of Bellwood

Cook County District: 1

Permanent Index Number(s): 15-09-400-076-0000 and 15-09-400-094-0000

Municipal Resolution Number: Village of Bellwood, Resolution No. 19-45

Evidence of Economic Hardship:

Number of blighting factors associated with the property:
Dilapidation, Obsolescence & Deterioration: The roof currently requires constant yearly maintenance, and the Applicant only has the capital to do one section at a time. The parking lots also need to be replaced, resealed and restriped.
Inadequate Utilities: The old boiler system was replaced, but all the components still need to be uninstalled and removed. Both the sprinkler system and dumb collection systems have been replaced on the reliance of the incentive.
Deleterious Land Use or Layout & Excessive Land Coverage: The property has excessive land coverage compared to the size of the building. The tax bill is disproportionally large for comparably sized industrial buildings.
Presence of Structures Below Minimum Code Standards: The Subject Property itself, as well as the surrounding area has numerous structures below minimum code standard, in part due to the past nature of the area.

Has justification for the Class 6b SER program been provided?: Yes

Proposed use of property: Industrial - Manufacturing: Manu...

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