File #: 24-5660    Version: 1 Name: FREEDMAN SEATING COMPANY -6b SER
Type: Resolution (Class 6B) SER Status: Approved
File created: 10/3/2024 In control: Business and Economic Development Committee
On agenda: 10/24/2024 Final action: 11/21/2024
Title: PROPOSED RESOLUTION FREEDMAN SEATING COMPANY CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER) WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) application containing the following information: Applicant: Freedman Seating Company Address: 4533 and 4545 W. Augusta Blvd., Chicago, Illinois, 60651 Length of time at current location: 25 Years Length of time property under same ownership: 25 Years Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes Age of the Property (Building): 65 years Municipality or Unincorporated Township: City of Chicago Cook County District: 1st District Permanent Index Number(s): 16-03-320-008-0000; 16-03-316-013-0000(4533 W Augusta Blvd.) and 16-03-316-011-0000 (4545 W. Augusta Blvd.) Municipal Resolution Number: City of Chicago, Ordinance No. 020246010113 Evidence of Economic Hardship: Yes Nu...
Sponsors: TONI PRECKWINKLE (President), TARA S. STAMPS
title
PROPOSED RESOLUTION

FREEDMAN SEATING COMPANY CLASS 6B SUSTAINABLE EMERGENCY RELIEF (SER)

WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) application containing the following information:

Applicant: Freedman Seating Company

Address: 4533 and 4545 W. Augusta Blvd., Chicago, Illinois, 60651

Length of time at current location: 25 Years

Length of time property under same ownership: 25 Years

Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes

Age of the Property (Building): 65 years

Municipality or Unincorporated Township: City of Chicago

Cook County District: 1st District

Permanent Index Number(s): 16-03-320-008-0000; 16-03-316-013-0000(4533 W Augusta Blvd.) and
16-03-316-011-0000 (4545 W. Augusta Blvd.)

Municipal Resolution Number: City of Chicago, Ordinance No. 020246010113

Evidence of Economic Hardship: Yes

Number of blighting factors associated with the property: Dilapidation - The property suffers from notable fa?ade and roof damage, cracked concrete, etc., which will be repaired.
Obsolescence - HVAC is obsolete and will be upgraded. The office areas are heated and cooled via a forced-air system from rooftop combination units. The industrial areas are heated via suspended, gas forced-air units. A number of sleeve air-conditioning units provide cooling to warehouse office/breakroom spaces. The machinery used is outdated and will be replaced with advanced state of the art embroidery and numerous of other systems. Electrical service and distribution will need to be updated to support new equipment.
Deterioration - The property is advanced in age and is subject to staged construction and suffers from deterioration and deferred maintenance.

Has justification for the Class 6b SER program been provided?: Yes

Proposed use of property: Industrial - Manufacturing: Warehousing, manufa...

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