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PROPOSED NO CASH BID REQUEST
Requestor: Thaddeus M. Jones, Mayor, City of Calumet City
Request: Approval of No Cash Bid Request
Location: City of Calumet City
Volume and Property Index Number:
225, 30-19-100-008-0000; 225, 30-19-100-009-0000; 225, 30-19-100-010-0000
Summary: The City of Calumet City is seeking assistance from the County's No Cash Bid program to acquire three (3) PINs; two (2) of which share a single unoccupied commercial building (potential restaurant), and the other remaining adjacent PIN is a vacant commercial lot, as part of this request package - 1055 River Oaks Drive. The PIN list is as follows:
To the best of the City's knowledge, item number 2 and 3 contain a single unoccupied commercial structure. Calumet City desires to acquire the properties to sell as a package to a developer or business to be put back on the tax rolls via commercial redevelopment.
The City has not identified any specific Third-Party developers or potential owners in which to convey title to at this time. Therefore, at this time, there are no agreements to disclose with Third-Party Requestors regarding the subject parcels. However, the purpose of the request is to improve community and economic development opportunities and enhance quality of life. Ultimately, the City's purpose coincides with the County's objective to acquire tax delinquent properties for reuse in private development and tax reactivation - while meeting the City's comprehensive plan.
The City will file for tax exempt status accordingly and will maintain the status until the tax deeds are conveyed to a developer. In addition, the City will continue utilizing its legal counsel to obtain the tax deeds and bear all legal and other costs associated with the acquisition of the parcels identified. The City agrees to submit No Cash Bid Annual Reports to the Cook County Department of Planning and Development on the status of each parcel for five years or until development is complete, whic...
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