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PROPOSED NO CASH BID REQUEST
Requestor: Barrett F. Pedersen, President, Village of Franklin Park
Request: Approval of No Cash Bid Request
Location: Village of Franklin Park
Volume and Property Index Number:
069, 12-28-209-006-0000; 069, 12-28-209-007-0000; 069, 12-28-209-008-0000; 069, 12-28-209-009-0000; 069, 12-28-209-010-0000
Summary: This Request Package contains five (5) PINs (the “Subject Properties”). The PINs requested are currently vacant land 5-90 minor improvement paved. The Village intends to use the Subject Properties for future economic development and to eliminate blight in order to return the Subject Properties to a beneficial use for the citizens of the Village, eliminate their hindrance to ongoing redevelopment efforts in the area surrounding the Subject Properties, and enhance the Village’s economic base.
In accordance with the requirements of the Cook County No Cash Bid Program, the Village hereby certifies that it does not have an identified third-party requestor associated with the filing of this application. The Village will accordingly take the necessary steps to have the Subject Properties declared tax exempt for municipal use and will submit to the Cook County Board of Review a Real Estate Exemption Complaint for tax exempt status. The Village will maintain tax exempt status until title to the Subject Properties is transferred for redevelopment. The Village has retained legal counsel to obtain the tax deed(s) and will bear all legal and other costs associated with the acquisition of the parcels. The Village agrees to submit, to the Cook County Department of Planning and Development, No Cash Bid Annual Reports on the status of each parcel for five (5) years or until development is complete, whichever occurs last, as required by the Cook County No Cash Bid Ordinance.
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