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PROPOSED RESOLUTION
ANTHONY GAMBINO D/B/A 100 MARION PARTNERS LLC 7a PROPERTY TAX INCENTIVE REQUEST
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 7a application containing the following information:
Applicant: Anthony Gambino d/b/a 100 Marion Partners LLC
Address: 100 Marion Street, Oak Park, Illinois
Municipality or Unincorporated Township: Oak Park
Cook County District: 1
Permanent Index Number: 16-07-302-023-0000 and 16-07-302-078-0000
Municipal Resolution Number: Village of Oak Park, Resolution No. 20-106_D_051820
Number of month property vacant/abandoned: 20 months vacant
Special circumstances justification requested: Yes
Proposed use of property: Commercial use - Restaurant
Living Wage Ordinance Compliance Affidavit Provided: No
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 7a 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 at least 24 continuous months, have been purchased for value by a purchaser in whom the seller has no direct financial interest; 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 7a; and
WHEREAS, in the case of abandonment of less than 24 months and purchase for value, by a purchaser in whom the seller has no direct financial interest, the County may determine that special circumstances justify finding the property is deemed abandoned; and
WHEREAS, Class 7a requires the validation by the County Board of the shortened period...
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