Title
A RESOLUTION SUPPORTING AND CONSENTING TO RENEWAL OF A COOK COUNTY CLASS 7C REAL ESTATE TAX ASSESSMENT CLASSIFICATION FOR THE PROPERTY LOCATED AT 8745 W. 159TH STREET IN THE VILLAGE OF ORLAND PARK
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WHEREAS, the Village of Orland Park (the “Village”) desires to encourage occupancy and utilization of newly constructed commercial property in the Village; and
WHEREAS, the Cook County Assessor is operating under the Cook County Real Property Classification Ordinance (the “Ordinance”) enacted by the Cook County Board of Commissioners, as amended from time to time, which provides commercial property owners, in certain cases, with a reduction in the assessed valuation of commercial property in order to induce the construction, occupancy and utilization of commercial property; and
WHEREAS, AJZ-Infiniti Orland Park, LLC, a Michigan limited liability Company (the “Applicant”), has applied, or is applying, for renewal of a Class 7c Classification under the Ordinance, and has proven to the President and Board of Trustees of the Village (the “Village Board”) that renewal of such Class 7c Classification is necessary to encourage construction, development, improvement and occupancy of the specific real estate identified below (the “Subject Property”); and
WHEREAS, the Village Board supports and consents to the filing of a Class 7c Classification renewal application by the Applicant, with the understanding that any occupant of the Subject Property must meet the Class 7c Classification qualifications for commercial property; and
WHEREAS, the Applicant has provided an Economic Disclosure Statement to the Village of Orland Park; and
WHEREAS, the Village Board has determined that the renewal of a Class 7c Classification to the Applicant, for the Subject Property, would be beneficial to the Village;
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF ORLAND PARK, COUNTIES OF COOK AND WILL, STATE OF ILLINOIS, that the request of the...
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