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PROPOSED RESOLUTION
Steel Warehouse of Illinois dba Siegal Steel CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)
WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) application containing the following information:
Applicant: Steel Warehouse of Illinois dba Siegal Steel
Address: 4747-4801 S Kedzie Ave, Chicago, Illinois
Length of time at current location: 33 years
Length of time property under same ownership: 33 years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 4747 S. Kedzie (83 years old) and 4801 S Kedzie Ave (67 years old)
Municipality or Unincorporated Township: City of Chicago
Cook County District: 7th District
Permanent Index Number(s): 19-12-100-005-0000 and 19-12-100-029-0000
Municipal Resolution Number: City of Chicago, Resolution Number 02022-426
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: Dilapidation-flooring and masonry walls need to be replaced from wear and tear of heavy equipment and large cranes; roof needs to be replaced, large windows need to be replaced and gas furnace needs to be replaced
Obsolescence- buildings are inefficient for modern metal items manufacturing, floors windows and walls constantly need replacement because of the shaking and vibration of the metal fabricating machineries.
Deterioration - because the buildings are 70 years old there is a substantial amount of deferred maintenance required and at least 7 major machineries need to be replaced.
Has justification for the Class 6b SER program been provided?: Yes
Proposed use of property: Industrial - Manufacturing: Industrial use - manufacturing and distribution
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b Sus...
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