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File #: 21-0369    Version: 1 Name: ILLINI PARTNERS VI LP CLASS 8 PROPERTY TAX INCENTIVE REQUEST
Type: Resolution (Class 8) No Purchase for Value Status: Approved
File created: 12/3/2020 In control: Business and Economic Development Committee
On agenda: 12/17/2020 Final action: 1/28/2021
Title: PROPOSED RESOLUTION ILLINI PARTNERS VI LP CLASS 8 PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information: Applicant: Illini Partners VI LP Address: 12625 S. Western Avenue, Blue Island, Illinois Municipality or Unincorporated Township: City of Blue Island Cook County District: 6 Permanent Index Number: 25-30-311-001-0000; 25-30-311-002-0000; 25-30-311-0 03-0000; 25-30-311-006-0000; 25-30-311-007-0000 and 25-30-311-008-0000 Municipal Resolution Number: City of Blue Island, Resolution No. 2020-028 Number of month property vacant/abandoned: 64 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - retail Living Wage Ordinance Compliance Affidavit Provided: Yes WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that...
Sponsors: TONI PRECKWINKLE (President), DONNA MILLER
title
PROPOSED RESOLUTION

ILLINI PARTNERS VI LP CLASS 8 PROPERTY TAX INCENTIVE REQUEST

WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information:

Applicant: Illini Partners VI LP

Address: 12625 S. Western Avenue, Blue Island, Illinois

Municipality or Unincorporated Township: City of Blue Island

Cook County District: 6

Permanent Index Number: 25-30-311-001-0000; 25-30-311-002-0000; 25-30-311-0 03-0000; 25-30-311-006-0000; 25-30-311-007-0000 and 25-30-311-008-0000

Municipal Resolution Number: City of Blue Island, Resolution No. 2020-028

Number of month property vacant/abandoned: 64 months vacant

Special circumstances justification requested: Yes

Proposed use of property: Commercial use - retail

Living Wage Ordinance Compliance Affidavit Provided: Yes

WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assessment level for an abandoned industrial facility; and

WHEREAS, the Cook County Classification System for Assessment defines abandoned property as buildings and other structures that, after having been vacant and unused for more than 24 continuous months, there has been no purchased for value by a purchaser and the property is in need of substantial rehabilitation; and

WHEREAS, in the instance where the property does not meet the definition of abandoned property, the municipality or the Board of Commissioners, may determine that special circumstances may exist that justify finding that the property is abandoned for purpose of Class 8; and

WHEREAS, in the case of abandonment of over 24 months and no purchase for value by a disinterested buyer, the County may determine that special circumstances justify finding the property as being deemed abandoned; and

WHEREAS, Class 8 requires a resolution by the County Board validating the pro...

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