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PROPOSED NO CASH BID REQUEST
Requestor: Beniamino Mazzulla, Mayor, Village of Stone Park
Request: Approval of No Cash Bid Request
Location: Village of Stone Park
Volume and Property Index Number:
155, 15-04-300-038-0000.
Summary: I write on behalf of the Board of Trustees of the Village of Stone Park, Cook County, Illinois (“Board”). The Board hereby requests a No Cash Bid for one (1) parcel pursuant to the Cook County No Cash Bid Ordinance (Cook County Ordinance § 74-42). This Request Package contains the following one (1) Property Index Number (“PIN”) listed in Village of Stone Park Ordinance No. 23-15. Upon acquisition, the Board intends to use the vacant land PIN as public green space in a residential area unless a plan for conveyance to another party for development becomes feasible.
Upon obtaining a tax deed for the above-referenced PIN, the Board will file for tax exempt status because the Board will retain the PIN or will maintain the PIN’s exempt status until the tax deed can be conveyed to another party. No third-party request or agreement exists between the Board and another party under which the Board would convey the Certificate of Purchase or the perfected tax deed for the PIN listed above to another party. The Board will retain legal counsel to obtain the tax deed and shall bear all legal and other costs associated with acquisition of the PIN listed above. The Board will submit No Cash Bid Reports to the Cook County Department of Planning and Development for five (5) years for the PIN listed above or until development is complete, whichever occurs last, as required by the Cook County No Cash Bid Ordinance.
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