Share to Facebook Share to Twitter Bookmark and Share
File #: 20-4616    Version: 1 Name: Schram Enterprises, Inc. a.k.a. Ace Grinding
Type: Resolution (Class 6B) SER Status: Committee Reports
File created: 10/7/2020 In control: Business and Economic Development Committee
On agenda: 10/22/2020 Final action:
Title: 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...
Sponsors: TONI PRECKWINKLE (President), FRANK J. AGUILAR
title
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...

Click here for full text