Title
A RESOLUTION DESIGNATING AN AREA AS BLIGHTED AND IN NEED OF RENEWAL FOR THE REAL PROPERTY COMMONLY KNOWN AS 14035 S. LAGRANGE ROAD, ORLAND PARK, ILLINOIS 60462 PINs: 27-03-300-024/-025
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WHEREAS, the Village of Orland Park, Cook County, Illinois (the “Village”) is a home rule municipality pursuant to Section 6(a), Article VII of the 1970 Constitution of the State of Illinois, and as such may exercise any power and perform any function pertaining to its government and affairs (“Home Rule Powers”); and
WHEREAS, the Cook County Board of Commissioners has amended the Cook County Real Property Classification Ordinance to provide real estate tax incentives to property owners who build, rehabilitate, enhance and occupy property which is located within Cook County and which is used for industrial and/or commercial purposes; and
WHEREAS, the Village, consistent with the Cook County Real Property Classification Ordinance, as amended, wishes to induce industrial and commercial enterprises to locate and expand in the Village by offering financial incentives in the form of property tax relief; and
WHEREAS, GEMCAP Development, LLC (the “Applicant”) is the owner property located at 14035 S. LaGrange, Orland Park, Illinois 60462, delineated by Property Index Numbers 27-03-300-024-0000 & 27-03-300-025-0000, and legally described on Exhibit “A” attached hereto and made a part hereof; (the “Redevelopment Project Area”); and
WHEREAS, the Applicant has submitted to the Village a Cook County Class 7b Property Tax Incentive Eligibility Application concerning the Redevelopment Project Area (the “Application”); and
WHEREAS, the Redevelopment Project Area, and any improvements located thereon, are currently vacant and unused; and
WHEREAS, the Village has evaluated the Redevelopment Project Area to determine if the area constitutes a “blighted area” under the laws of the State of Illinois; and
WHEREAS, both the Illinois Tax Increment Allocation Redevelopment A...
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