Title
A RESOLUTION DESIGNATING 15080 LAGRANGE ROAD AS IN NEED OF REDEVELOPMENT
Body
WHEREAS, the Village of Orland Park (the “Village”) desires to encourage occupancy and utilization of vacant/abandoned 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 occupancy and utilization of commercial property that is vacant and has been abandoned for at least 12 months; and
WHEREAS, 55th & S. KEDZIE LLC, an Illinois limited liability company (the “Applicant”) has applied, or is applying, for Class 7b Classification under the Ordinance, and has proven to the President and Board of Trustees of the Village (the “Village Board”) that such Class 7b Classification is necessary to encourage improvement and occupancy of the specific vacant real estate identified below (the “Subject Property”); and
WHEREAS, as part of the application process, the Village must designate the commercial property in question as in need of redevelopment; and
WHEREAS, the Applicant has provided an Eligibility Application and 7b Eligibility Analysis to the Village of Orland Park which includes a study performed by Gruen, Gruen + Associates assessing the need for redevelopment of the subject property; and
WHEREAS, the Village Board has determined that the granting of a Class 7b Classification to the Applicant, for the Subject Property, would be beneficial to the Village, and therefore consents to the designation of the Subject Property as in need of redevelopment;
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 Subject Property is hereby designated as...
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