Title
A RESOLUTION APPROVING A COOK COUNTY CLASS 7B PROPERTY TAX RATE DESIGNATION FOR PROPERTY COMMONLY KNOWN AS 9600 159TH STREET ORLAND PARK, ILLINOIS
Body
WHEREAS, a Cook County Class 7B Eligibility Application concerning the property commonly known as 9600 159th Street (PINS: 27-21-201-002-0000 and 27-21-201-003-0000, approximately 39.6 acres) (the “Subject Property”), has been or will be filed with the Office of the Cook County Assessor by Amazon Retail LLC, the owner of the Subject Property (“Owner”); and
WHEREAS, the Subject Property consists of property legally described on attached and incorporated Exhibit A; and
WHEREAS, the Owner desires to construct and operate a retail store (“Store”) facility on the Subject Property, which is currently vacant and has received Village approval to construct and operate the Store at the Subject Property pursuant to a Special Use approved by the Village Board on January 19, 2026; and
WHEREAS, if a Cook County Class 7B Eligibility Designation is approved by a local municipality, the Subject Property will be assessed at 10% of market value for a 10-year period (15% in the 11th year, 20% in the 12th year); and
WHEREAS, the Owner requests that the Village specify and consent to the Class 7B Eligibility Designation to assist with and encourage the redevelopment of the Subject Property as a Retail Store; and
WHEREAS, the Village President and Board of Trustees find and determine that the five eligibility factors which must be present to demonstrate that the Subject Property is not currently amenable to but in need of commercial development are satisfied in accordance with the Class 7 Real Estate Tax Incentive of Cook County Real Estate Assessment Classification Ordinance.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF ORLAND PARK, COOK COUNTY, ILLINOIS, AS FOLLOWS:
SECTION 1
The Preamble set forth above is incorporated by reference and made a part of Section 1 of thi...
Click here for full text