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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, 25-33-328-073-0000; 039, 25-33-331-008-0000; 039, 25-33-331-023-0000; 195, 29-04-202-014-0000; 195, 29-04-212-001-0000; 195, 29-04-212-002-0000; 195, 29-04-308-055-0000; 195, 29-04-310-041-0000; 196, 29-04-408-031-0000; 196, 29-04-421-066-0000; 196, 29-04-422-083-0000; 196, 29-04-423-032-0000; 196, 29-04-423-033-0000; 196, 29-04-423-034-0000; 196, 29-04-423-035-0000; 196, 29-04-423-036-0000; 196, 29-04-423-037-0000; 196, 29-04-423-038-0000; 196, 29-04-423-039-0000; 196, 29-04-423-040-0000; 196, 29-04-423-041-0000; 196, 29-04-423-070-0000; 196, 29-05-202-008-0000; 196, 29-05-202-009-0000; 196, 29-05-406-044-0000; 196, 29-05-409-006-0000; 196, 29-05-409-046-0000
Summary: While the Resolution has seventy-nine (79) PINs, this Request Package contains twenty-seven (27) PINs (the "Subject Properties"); the remaining fifty-two (52) PINs are requested in other packages. The PINs requested are currently residential structures. The Village is in the process of determining occupancy for the structures and will provide that information in the final Request Package. 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...
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