Title/Name/Summary
No Cash Bid Resolution - ParkView Subdivision (Southeast corner 179th Street and Wolf Road)
History
Summary:
This request is for the board to consider a resolution for a No Cash Bid for a property that has applied to participate in Cook County's No Cash Bid program. The subject property consists of approximately 2.8 acres (known as ‘Outlot A’ on the Parkview Plaza plat) that is located at the southeast corner of 179th Street and Wolf Road in Orland Park.
The Village Board approved the Parkview Plaza development at the southeast corner of 179th and Wolf Road in late 2000. The project included retail buildings, like the Walgreens, as well as a common open space area at the hard corner, and a private road network. The original developer did not form a business assocation to handle the privately owned common areas. Instead, the subject property has fallen into tax delinquency. McDonalds, recently approved to construct a new building in the same shopping center, has been working with the owner to find a way to take over the property and to establish a formal business association for the entire center moving forward. The approved McDonalds building requires access onto the private road.
Working with the Village and the Village's attorney, McDonalds proposes to utilize Cook County's No Cash Bid program. This program, as outlined in the resolution, essentially provides for the transfer of ownership and the forgiveness of delinquent taxes. The property in question is a good candidate because it is land that is used for transportation and accessible to the public. The property transfer will faciliate creation of a solvent business owners association that will be better equipped to maintain the common areas and roads.
Description:
In December of 2012 the Village Board approved plans for the construction of a new McDonalds building at 11111 179th Street. The new building will replace the Blockbuster strip mall currently on the site. Th...
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