Share to Facebook Share to Twitter Bookmark and Share
File #: 21-0364    Version: 1 Name: R & W MACHINE CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)
Type: Resolution (Class 6B) SER Status: Approved
File created: 12/2/2020 In control: Business and Economic Development Committee
On agenda: 12/17/2020 Final action: 1/28/2021
Title: 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 wh...
Sponsors: TONI PRECKWINKLE (President), JOHN P. DALEY
title
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...

Click here for full text