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PROPOSED RESOLUTION
R & W MACHINE 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: R & W Machine
Address: 6551 W. 74th Street, Bedford Park, Illinois 60638
Length of time at current location: 34 years
Length of time property under same ownership: 34 years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 34 years
Municipality or Unincorporated Township: Bedford Park
Cook County District: 11
Permanent Index Number(s): 19-30-200-026-0000
Municipal Resolution Number: Village of Bedford Park Resolution No. 20-016
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: Excessive vacancies - There is an above average vacancy rate in the area where the facility is located. Deleterious land-use or layout- The subject property was built in stages and lacks congruity. R & W grew, rather than leave the area, several additions were added in an attempt to accommodate the applicant. Obsolescence - Aging large machinery which is single-purpose and affixed to property and require specialized care and repair.
Has justification for the Class 6b SER program been provided?: Yes
Proposed use of property: Industrial - Manufacturing: R&W Machine has provided precision machining and manufacturing of large and complex parts such as gear boxes, bearing housings, railway axles and drive train components. including CNC machining services, for a wide variety of markets.
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 leve...
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