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PROPOSED RESOLUTION
SCHRAM ENTERPRISES, INC. A.K.A. ACE GRINDING 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: Schram Enterprises, Inc. a.k.a. Ace Grinding
Address: 5017 W. Lake Street, Melrose Park, Illinois
Length of time at current location: 42 years
Length of time property under same ownership: 42 years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 52 years
Municipality or Unincorporated Township: Village of Melrose Park
Cook County District: 16
Permanent Index Number(s): 15-05-103-050-0000
Municipal Resolution Number: Village of Melrose Park, Resolution No. 111-19
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: Three (3) blighting factors, Deterioration, Obsolescence and the total equalized assessed value of the proposed redevelopment project area has declined 3 of the last 5 years.
Has justification for the Class 6b SER program been provided?: Yes
Proposed use of property: Industrial - Manufacturing: Industrial use manufacturing, warehousing and distribution.
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) that provides an applicant a reduction in the assessment level for a long-term existing industrial enterprise that meets the qualifications of the SER program ; and
WHEREAS, the Cook County Classification System for Assessment requires that an applicant under the Class 6b SER program provide evidence justifying their participation in the subject program; and
WHEREAS, Class 6b SER requires a resolution by the County Board validati...
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