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PROPOSED RESOLUTION
Hyspan Precision Products, Inc. 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: Hyspan Precision Products, Inc.
Address: 17100 Wallace Ave, South Holland, Illinois
Length of time at current location: 11 years
Length of time property under same ownership: 11 years
Is there evidence supporting 10 years of the same ownership and/or occupancy (tenancy): Yes
Age of the Property (Building): 51 years
Municipality or Unincorporated Township: Village of South Holland
Cook County District: 5th District
Permanent Index Number(s): 29-28-100-047-0000
Municipal Resolution Number: Village of South Holland, File No. 05000.1617
Evidence of Economic Hardship: Yes
Number of blighting factors associated with the property: 3 blighting factors, Dilapidation- Obsolescence and Deterioration
Has justification for the Class 6b SER program been provided?: Yes
Proposed use of property: Industrial - Manufacturing: Industrial use - warehousing, manufacturing, and/or distribution
Living Wage Ordinance Compliance Affidavit Provided: Yes
WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b Sustainable Emergency Relief (SER) that provides an applicant a reduction in the assessment level for a long-term existing industrial enterprise that meets the qualifications of the SER program ; and
WHEREAS, the Cook County Classification System for Assessment requires that an applicant under the Class 6b SER program provide evidence justifying their participation in the subject program; and
WHEREAS, Class 6b SER requires a resolution by the County Board validating the property for the purpose of the Class 6bSER Program; and
WHEREAS, the industrial enterprise that occupies the pre...
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