File #: 23-2830    Version: 1 Name: 3802 Potter LLC
Type: Resolution (Class 6B) No Purchase for Value Status: Approved
File created: 5/3/2023 In control: Business and Economic Development Committee
On agenda: 5/25/2023 Final action: 6/29/2023
Title: PROPOSED RESOLUTION 3802 Potter LLC 6B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information: Applicant: 3802 Potter LLC Address: 390 Holbrook Drive, Wheeling, Illinois Municipality or Unincorporated Township: Village of Wheeling Cook County District: 14th District Permanent Index Number: 03-14-302-004-0000 Municipal Resolution Number: Village of Wheeling, Resolution No. 23-012 Number of month property vacant/abandoned: 12 months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - warehousing, distribution and servicing Living Wage Ordinance Compliance Affidavit Provided: Yes WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an abandoned industrial...
Sponsors: TONI PRECKWINKLE (President), SCOTT R. BRITTON
title
PROPOSED RESOLUTION

3802 Potter LLC 6B PROPERTY TAX INCENTIVE REQUEST

WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information:

Applicant: 3802 Potter LLC

Address: 390 Holbrook Drive, Wheeling, Illinois

Municipality or Unincorporated Township: Village of Wheeling

Cook County District: 14th District

Permanent Index Number: 03-14-302-004-0000

Municipal Resolution Number: Village of Wheeling, Resolution No. 23-012

Number of month property vacant/abandoned: 12 months vacant

Special circumstances justification requested: Yes

Proposed use of property: Industrial use - warehousing, distribution and servicing

Living Wage Ordinance Compliance Affidavit Provided: Yes

WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an abandoned industrial facility; and

WHEREAS, the Cook County Classification System for Assessment defines abandoned property as buildings and other structures that, after having been vacant and unused for more than 24 continuous months, there has been no purchased for value by a purchaser and the property is in need of substantial rehabilitation ; and

WHEREAS, in the instance where the property does not meet the definition of abandoned property, the municipality or the Board of Commissioners, may determine that special circumstances may exist that justify finding that the property is abandoned for purpose of Class 6b; and

WHEREAS, in the case of abandonment of over 24 months and no purchase for value by a disinterested buyer, the County may determine that special circumstances justify finding the property as being deemed abandoned; and

WHEREAS, Class 6b requires a resolution by the County Board validating the property as abandoned for the purpose of Class 6b; and

WHEREAS, the municipality stat...

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