Title/Name/Summary
A RESOLUTION DESIGNATING AN AREA AS BLIGHTED AND IN NEED OF RENEWAL FOR 14497 JOHN HUMPHREY DRIVE
History
The applicant, 24 Orland Park LLC, is requesting a resolution supporting and consenting to a Class 7b tax incentive from Cook County for the purposes of redevelopment and occupancy of vacant property located at 14497 John Humphrey Drive. The applicant plans to rehabilitate the abandoned building currently on the subject property to occupy with speculative tenants for its use as professional offices.
In order to qualify for the Class 7b tax incentive, the subject property must be designated as in need of redevelopment. The applicant has provided a blight analysis as part of their overall application to Cook County. The analysis outlines how the property meets the criteria to be considered as an area in need of redevelopment.
The petitioner is requesting a resolution designating 14497 John Humphrey Drive as in need of redevelopment.
Recommended Action/Motion
I move to adopt an Resolution entitled: A RESOLUTION DESIGNATING AN AREA AS BLIGHTED AND IN NEED OF RENEWAL FOR THE REAL PROPERTY COMMONLY KNOWN AS 14497 JOHN HUMPHREY DRIVE, ORLAND PARK, ILLINOIS 60462 PIN:27-10-100-106-0000.