Title/Name/Summary
A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 8 STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE, AS FROM TIME TO TIME AMENDED, SPECIFICALLY FOR THE SPECIAL ASSESSMENT OF “OCCUPATION OF ABANDONDED PROPERTY-WITH SPECIAL CIRCUMSTANCES” FOR CERTAIN REAL ESTATE LOCATED AT 15428 70TH COURT, IN BREMEN TOWNSHIP, ORLAND PARK/COOK COUNTY, ILLINOIS, PIN NUMBER 28-18-100-051-1002.
Body
WHEREAS, the Village of Orland Park desires to promote the redevelopment, substantial rehabilitation and expansion of commercial industry in the Village of Orland Park; and
WHEREAS, the Cook County Assessor is operating under an ordinance enacted by the Cook County Board of Commissioners, and amended from time to time, which has instituted a program to encourage industrial and commercial attraction, retention, rehabilitation, and expansion in Cook County known as the Cook County Real Property Classification Ordinance; and
WHEREAS, Sandrick Law Firm LLC on behalf of 15426 Building LLC (Seller) and Richard Post (Buyer), has applied for or is applying for Class 8 property status pursuant to said aforementioned ordinance, specifically as the ordinance covers “occupation of abandoned property-special circumstances,” for certain real estate located at 15426 70th Court, Bremen Township, Orland Park/Cook County, PIN No. 28-18-100-051-1002, and legally described hereto; and
WHEREAS, Sandrick Law Firm LLC on behalf of 15426 Building LLC (Seller) and Richard Post (Buyer) has requested approval from the Village of Orland Park and Cook County for waiver of the 24 month abandonment period, and
WHEREAS, Sandrick Law Firm LLC on behalf of 15426 Building LLC (Seller) and Richard Post (Buyer) has proven the need for the granting of the Class 8 tax incentive to this Board, and that such incentive provided for in said ordinance is necessary for re-occupancy of the space and reinvestment in said property to increase value and without this reinvestme...
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