File #: 24-0377    Version: 1 Name: Pete’s Fresh Market
Type: Resolution Status: Approved
File created: 11/30/2023 In control: Business and Economic Development Committee
On agenda: 12/14/2023 Final action: 1/25/2024
Title: PROPOSED RESOLUTION 7520 W. 159th Street LLC; Pulaski South, LLC & East Side Plaza Management LLC d/b/a Pete's Fresh Market 7b PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 7b application containing the following information: Applicant: 7520 W. 159th Street LLC; Pulaski South, LLC & East Side Plaza Management LLC d/b/a Pete's Fresh Market Address: 6401 West 127th Street, Palos Heights, Illinois Municipality or Unincorporated Township: Village of Palos Heights Cook County District: 17th District Permanent Index Number: 24-31-201-011-0000 Municipal Resolution Number: Village of Palos Heights Resolution No. R-14-22 Number of month property vacant/abandoned: Vacant for more than 24 months Special circumstances justification requested: Yes Proposed use of property: Commercial use - Grocery Store Living Wage Ordinance Compliance Affidavit Provided: N/A WHEREAS,...
Sponsors: TONI PRECKWINKLE (President), SEAN M. MORRISON
title
PROPOSED RESOLUTION

7520 W. 159th Street LLC; Pulaski South, LLC & East Side Plaza Management LLC d/b/a Pete's Fresh Market 7b PROPERTY TAX INCENTIVE REQUEST

WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 7b application containing the following information:

Applicant: 7520 W. 159th Street LLC; Pulaski South, LLC & East Side Plaza Management LLC d/b/a Pete's Fresh Market

Address: 6401 West 127th Street, Palos Heights, Illinois

Municipality or Unincorporated Township: Village of Palos Heights

Cook County District: 17th District

Permanent Index Number: 24-31-201-011-0000

Municipal Resolution Number: Village of Palos Heights Resolution No. R-14-22

Number of month property vacant/abandoned: Vacant for more than 24 months

Special circumstances justification requested: Yes

Proposed use of property: Commercial use - Grocery Store

Living Wage Ordinance Compliance Affidavit Provided: N/A

WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 7b that provides an applicant a reduction in the assessment level for an abandoned commercial property; and

WHEREAS, The Cook County Classification System for the Class 7b Assessment applies to all newly constructed buildings or other structures; the reutilization of vacant structures abandoned for at least twelve (12) months; or building or other structures which are substantially rehabilitated to the extent such rehabilitation has added to their value, including qualified land related to the 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 7b; and

WHEREAS, in the case of abandonment of more than 12 months, no purchase for value and substantial ...

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