File #: 21-6115    Version: 1 Name: Bridgeview 2022 NCB 3 PINs
Type: No Cash Bid Request Status: Approved
File created: 10/27/2021 In control: Finance Subcommittee on Tax Delinquency
On agenda: 11/4/2021 Final action: 1/13/2022
Title: PROPOSED NO CASH BID REQUEST Requestor: Steven Landek, Mayor, Village of Bridgeview Request: Approval of No Cash Bid Request Location: Village of Bridgeview Volume and Property Index Number: 083, 18-25-214-038-0000; 083, 18-25-220-013-0000; 083, 18-25-220-014-0000 Summary: This Request Package contains 3 PINs. All of the parcels contain vacant land. Upon securing tax deeds for the parcels, the Village intends to seek tax-exempt status for each until title would be passed by deed to a developer. The Village of Bridgeview will retain legal counsel to obtain the tax deeds and bear all legal costs and other costs associated with acquisition of the parcels. The Village of Bridgeview intends to convey the properties to a developer or to adjoining property owners. No developer or adjoining property owner has been identified. It is anticipated that the development will generate property tax revenue and eliminate blighted properties. There has been no request by any third-party reque...
Indexes: (Inactive) DEBORAH SIMS, County Commissioner

title

PROPOSED NO CASH BID REQUEST

 

Requestor:  Steven Landek, Mayor, Village of Bridgeview

 

Request:  Approval of No Cash Bid Request

 

Location:   Village of Bridgeview

 

Volume and Property Index Number:

083, 18-25-214-038-0000; 083, 18-25-220-013-0000; 083, 18-25-220-014-0000

 

Summary:  This Request Package contains 3 PINs. All of the parcels contain vacant land. Upon securing tax deeds for the parcels, the Village intends to seek tax-exempt status for each until title would be passed by deed to a developer.

 

The Village of Bridgeview will retain legal counsel to obtain the tax deeds and bear all legal costs and other costs associated with acquisition of the parcels. The Village of Bridgeview intends to convey the properties to a developer or to adjoining property owners. No developer or adjoining property owner has been identified. It is anticipated that the development will generate property tax revenue and eliminate blighted properties. There has been no request by any third-party requesting the Village of Bridgeview to acquire the property and convey the perfected tax deed(s) to said third- party. The Village of Bridgeview will submit annually to the Cook County Department of Economic Development "No Cash Bid Reports" on the status of each parcel for five years, or until the intended use and development is complete, whichever occurs last, as required by the Cook County No Cash Bid Ordinance.

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