File #: 24-2194    Version: 1 Name: AJ Inter Estate LLC
Type: Resolution (Class 8) Purchase for Value Status: Committee Reports
File created: 3/21/2024 In control: Business and Economic Development Committee
On agenda: 4/18/2024 Final action:
Title: PROPOSED RESOLUTION AJ Inter Estate LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information: Applicant: AJ Inter Estate LLC Address: 3241 East End Avenue, South Chicago Heights, Illinois Municipality or Unincorporated Township: Village of South Chicago Heights Cook County District: 6th District Permanent Index Number: 32-33-101-024-0000 and 32-33-101-025-0000 Municipal Resolution Number: Village of South Chicago Heights, Resolution No. 2022-R-5 Number of month property vacant/abandoned: Six (6) months vacant Special circumstances justification requested: Yes Proposed use of property: Industrial use - Commercial Truck Repair Living Wage Ordinance Compliance Affidavit Provided: Yes WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applic...
Sponsors: TONI PRECKWINKLE (President), DONNA MILLER
title
PROPOSED RESOLUTION

AJ Inter Estate LLC CLASS 8 PROPERTY TAX INCENTIVE REQUEST

WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 8 application containing the following information:

Applicant: AJ Inter Estate LLC

Address: 3241 East End Avenue, South Chicago Heights, Illinois

Municipality or Unincorporated Township: Village of South Chicago Heights

Cook County District: 6th District

Permanent Index Number: 32-33-101-024-0000 and 32-33-101-025-0000

Municipal Resolution Number: Village of South Chicago Heights, Resolution No. 2022-R-5

Number of month property vacant/abandoned: Six (6) months vacant

Special circumstances justification requested: Yes

Proposed use of property: Industrial use - Commercial Truck Repair

Living Wage Ordinance Compliance Affidavit Provided: Yes

WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 8 that provides an applicant a reduction in the assessment level for an abandoned commercial 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 at least 24 continuous months, have been purchased for value by a purchaser in whom the seller has no direct financial interest; 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 8; and

WHEREAS, in the case of abandonment of less than 24 months and purchase for value, by a purchaser in whom the seller has no direct financial interest, the County may determine that special circumstances justify finding the property is deemed abandoned; and

WHEREAS, Class 8 requires the validation by the County Board of the shor...

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