title
PROPOSED NO CASH BID REQUEST
Requestor: Michael J. Garvey, President, Village of Brookfield
Request: Approval of No Cash Bid Request
Location: Village of Brookfield
Volume and Property Index Number:
075074, 18-03-104-045-0000; 172, 15-27-419-042-0000; 172, 15-27-419-043-0000
Summary: This Request Package contains three (3) PIN's. PIN 18-03-104-045-0000 is referred to herein as "Property 1." PIN's 15-27-419-042-0000 and 15-27-419-043-0000 are collectively referred to as "Property 2." Property 1 is located at 9400 Ogden Avenue in the Village of Brookfield. Property 1 is improved with a single-story commercial structure used as part of an automobile repair and body shop operating as Fox Auto Repair and Tire Shop. It is unknown if the property is owner or tenant occupied, and the current ownership is under further investigation. If acquired through the No-Cash Bid Program, the current occupant will be evicted from the part of the structure subject to the No-Cash Bid. The Village seeks to acquire and hold Property 1 for redevelopment pending a future proposal by a yet-to-be-determined developer for commercial use of the Property or public parking as recommended in the Energize Ogden Corridor Plan and the Village's Comprehensive Plan. Acquisition of Property 1 through the Cook County No-Cash Bid Program will benefit the Village by potential redevelopment of a commercial, tax-generating use of Property 1. Commercial development of Property 1 will benefit the Village by increasing the Village's property and sales tax base and by offering additional employment opportunities to local residents. If the Village is successful in acquiring Property 1 through the No-Cash Bid Program, it will file for tax exempt status and will maintain Property 1 as tax exempt until such time as it is conveyed to a third party for redevelopment.
Property 2 is located at 9100 31st Street in the Village of Brookfield. Property 2 is improved with a single-story commercial structure...
Click here for full text