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File #: 2009-0498    Version: Name: Meijer Class 8 Real Estate Tax Incentive - Resolution
Type: RESOLUTION Status: PASSED
File created: 10/20/2009 In control: Board of Trustees
On agenda: Final action: 11/2/2009
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 ABANDONED PROPERTY-WITH SPECIAL CIRCUMSTANCES” FOR CERTAIN REAL ESTATE BEING REOCCUPIED AND RENOVATED BY MEIJER STORES, LTD. AND LOCATED AT 15701 71ST COURT, IN BREMEM TOWNSHIP, ORLAND PARK/COOK COUNTY, ILLINOIS, PIN NUMBER 28-18-310-015-0000.
Attachments: 1. RESOLUTION
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 ABANDONED PROPERTY-WITH SPECIAL CIRCUMSTANCES” FOR CERTAIN REAL ESTATE BEING REOCCUPIED AND RENOVATED BY MEIJER STORES, LTD. AND LOCATED AT 15701 71ST COURT, IN BREMEM TOWNSHIP, ORLAND PARK/COOK COUNTY, ILLINOIS, PIN NUMBER 28-18-310-015-0000.
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, Meijer Stores, Ltd, a commercial business 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 15701 71st Court, Bremen Township, Orland Park/Cook County, PIN No. 28-18-310-015-0000, and legally described hereto; and

WHEREAS, Meijer Stores, Ltd’s, reoccupation and renovation will result in the reuse of a vacant “big box” store of approximately 115,000 square feet, and

WHEREAS, Meijer Stores, Ltd, anticipates to infuse an investment of approximately $9 million into the reoccupation and renovation of the property, and

WHEREAS, Meijer Stores, Ltd. expects to create approximately 150 additional permanent full and part-time jobs and approximately 130 construction jobs, and

WHEREAS, the subject property has been vacant since December 28, 2008 and will be reoccupied by Meijer Store...

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