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PROPOSED NO CASH BID REQUEST
Requestor: Frank Podbielniak, Village President, Village of Posen
Request: Approval of No Cash Bid Request
Location: Village of Posen
Volume and Property Index Number:
023, 28-01-406-001-0000; 023, 28-01-406-002-0000; 023, 28-01-406-003-0000; 023, 28-01-406-004-0000; 023, 28-01-406-005-0000; 023, 28-01-406-006-0000; 023, 28-01-406-007-0000; 023, 28-01-406-008-0000; 023, 28-01-406-009-0000; 023, 28-01-406-010-0000; 023, 28-01-406-011-0000; 023, 28-01-406-020-0000; 023, 28-01-406-021-0000; 023, 28-01-406-022-0000; 023, 28-01-406-023-0000; 023, 28-01-406-024-0000; 023, 28-01-406-025-0000; 023, 28-01-406-026-0000; 023, 28-01-406-027-0000; 023, 28-01-406-028-0000; 023, 28-01-406-029-0000; 023, 28-01-406-030-0000; 023, 28-01-406-032-0000; 023, 28-01-406-034-0000; 023, 28-01-406-036-0000; 023, 28-01-406-038-0000; 023, 28-01-406-040-0000.
Summary: The Village of Posen would like to participate in the Cook County No-Cash Bid program. It would like to request the vacant parcels of land with the following PINs: This No Cash Bid program package contains a request for twenty-seven (27) vacant properties. All located with Block 406 which is adjacent to Block 407 which is ninety (90%) percent owned by the Village of Posen. It also currently owns parcels five (5) parcels in Block 406, PINs 28-01-406-031-0000, 28-01-406-033-0000, 28-01-406-035-0000, 28-01-406-073-0000 and 28-01-406-039-0000. The Village of Posen seeks to assemble Blocks 406 with 407 to develop and market the area for a light manufacturing business.
The Village of Posen will file for tax exempt status on said properties. Legal counsel has been retained to obtain the tax deed on behalf of the Village of Posen and it will bear all legal and other costs associated with the acquisition of the parcels. Additionally, the Village of Posen will send a No-Cash Bid Report to the Cook County Bureau of Economic Development on the status of the parcels for five (5) years or until...
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