File #: 21-6148    Version: 1 Name: Riverdale 1 2022 NCB 23 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: Lawrence L. Jackson, President, Village of Riverdale Request: Approval of No Cash Bid Request Location: Village of Riverdale Volume and Property Index Number: 039, 25-32-401-012-0000; 195, 29-04-207-026-0000; 195, 29-04-207-027-0000; 195, 29-04-207-028-0000; 195, 29-04-207-038-0000; 195, 29-04-314-030-0000; 196, 29-04-415-036-0000; 196, 29-04-415-037-0000; 196, 29-04-415-038-0000; 196, 29-04-431-015-0000; 196, 29-05-202-007-0000; 196, 29-05-203-005-0000; 196, 29-05-203-006-0000; 196, 29-05-203-020-0000; 196, 29-05-401-001-0000; 196, 29-05-401-002-0000; 196, 29-05-401-012-0000; 196, 29-05-401-024-0000; 196, 29-05-413-001-0000; 196, 29-05-413-002-0000; 196, 29-05-413-003-0000; 196, 29-05-413-007-0000; 196, 29-05-413-008-0000 Summary: The permanent index numbers of the parcels requested are: While the Resolution has seventy-nine (79) PINs, this Request Package contains twenty-three (23) PINs (the "Subject Properties"); the remaining fif...
Indexes: (Inactive) DEBORAH SIMS, County Commissioner

title

PROPOSED NO CASH BID REQUEST

 

Requestor:  Lawrence L. Jackson, President, Village of Riverdale

 

Request:  Approval of No Cash Bid Request 

 

Location:   Village of Riverdale

 

Volume and Property Index Number:

039, 25-32-401-012-0000; 195,  29-04-207-026-0000; 195, 29-04-207-027-0000; 195, 29-04-207-028-0000; 195, 29-04-207-038-0000; 195, 29-04-314-030-0000; 196, 29-04-415-036-0000; 196, 29-04-415-037-0000; 196, 29-04-415-038-0000; 196, 29-04-431-015-0000; 196, 29-05-202-007-0000; 196, 29-05-203-005-0000; 196, 29-05-203-006-0000; 196, 29-05-203-020-0000; 196, 29-05-401-001-0000; 196, 29-05-401-002-0000; 196, 29-05-401-012-0000; 196, 29-05-401-024-0000; 196, 29-05-413-001-0000; 196, 29-05-413-002-0000; 196, 29-05-413-003-0000; 196, 29-05-413-007-0000; 196, 29-05-413-008-0000

 

Summary:  The permanent index numbers of the parcels requested are: While the Resolution has seventy-nine (79) PINs, this Request Package contains twenty-three (23) PINs (the “Subject Properties”); the remaining fifty-six (56) PINs are requested in other packages.  The PINs requested are currently vacant land. 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 areas 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 deeds 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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