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File #: 21-4154    Version: 1 Name: Michael Manzo and Robert Trusz or an entity to be named Class 7a PROPERTY TAX INCENTIVE REQUEST
Type: Resolution Status: Approved
File created: 7/9/2021 In control: Business and Economic Development Committee
On agenda: 7/29/2021 Final action: 9/23/2021
Title: PROPOSED RESOLUTION Michael Manzo and Robert Trusz or an entity to be named Class 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: Michael Manzo and Robert Trusz or an entity to be named Address: 1901 Mc Connor Parkway, Schaumburg, Illinois Municipality or Unincorporated Township: Village of Schaumburg Cook County District: 15 Permanent Index Number: 07-12-402-012-0000 and 08-07-301-011- 0000 Municipal Resolution Number: Village of Schaumburg, Resolution No. R-20-017 Number of month property vacant/abandoned: 15 months vacant Special circumstances justification requested: Yes Proposed use of property: Commercial use - Restaurant Living Wage Ordinance Compliance Affidavit Provided: Not applicable WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classificatio...
Sponsors: TONI PRECKWINKLE (President), KEVIN B. MORRISON
title
PROPOSED RESOLUTION

Michael Manzo and Robert Trusz or an entity to be named Class 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: Michael Manzo and Robert Trusz or an entity to be named

Address: 1901 Mc Connor Parkway, Schaumburg, Illinois

Municipality or Unincorporated Township: Village of Schaumburg

Cook County District: 15

Permanent Index Number: 07-12-402-012-0000 and 08-07-301-011- 0000

Municipal Resolution Number: Village of Schaumburg, Resolution No. R-20-017

Number of month property vacant/abandoned: 15 months vacant

Special circumstances justification requested: Yes

Proposed use of property: Commercial use - Restaurant

Living Wage Ordinance Compliance Affidavit Provided: Not applicable

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 valida...

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