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File #: 20-4624    Version: 1 Name: RG RILEY & SONS INC. CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)
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 RG RILEY & SONS 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: RG Riley & Sons Inc. Address: 17700 Duvan Drive, Tinley Park, Illinois Length of time at current location: 24 years Length of time property under same ownership: 24 years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 43 years Municipality or Unincorporated Township: Village of Tinley Park Cook County District: 17 Permanent Index Number(s): 27-36-204-029-0000 Municipal Resolution Number: Village of Tinley Park Resolution No. 2019-R- 046 Evidence of Economic Hardship: Yes Number of blighting factors associated with the property: Dilapidation, Obsolescence & Deterioration - The pr...
Sponsors: TONI PRECKWINKLE (President), SEAN M. MORRISON
title
PROPOSED RESOLUTION

RG RILEY & SONS 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: RG Riley & Sons Inc.

Address: 17700 Duvan Drive, Tinley Park, Illinois

Length of time at current location: 24 years

Length of time property under same ownership: 24 years

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

Age of the Property (Building): 43 years

Municipality or Unincorporated Township: Village of Tinley Park

Cook County District: 17

Permanent Index Number(s): 27-36-204-029-0000

Municipal Resolution Number: Village of Tinley Park Resolution No. 2019-R- 046

Evidence of Economic Hardship: Yes

Number of blighting factors associated with the property: Dilapidation, Obsolescence & Deterioration - The property was built in 1976, and as such had many fixtures from the original construction which have since fallen into a state of disrepair. The most pressing issue is a dilapidated roof; the original roof is filled holes and almost completely rusted out. The roof currently requires constant yearly maintenance and will eventually need to be replaced. Inadequate Utilities: The property is over 40 years old and has had major heating and cooling issues in the past few years. Excessive Vacancies: Tinley Park's Mental Health TIF contains 119 active property index numbers (PINs) in the Redevelopment Project Area, 65 of which are improved, and 54 are vacant. There are approximately 80 primary structures on the improved parcels. Of these primary structures, about 78% are over 35 years of age. Almost half of the land in the center of the Redevelopment Project Area is comprised of the Tinley Park Mental Health Center (TPMHC) property formerly owned and operated by the State of Illinois...

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