Title
A RESOLUTION SUPPORTING AND CONSENTING TO A COOK COUNTY CLASS 7C REAL ESTATE TAX ASSESSMENT CLASSIFICATION FOR THE PROPERTY LOCATED AT 66 ORLAND SQUARE DRIVE IN THE VILLAGE OF ORLAND PARK
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, JKD CRE LLC, an Illinois Limited Liability Company (the “Applicant”) has applied, or is applying, for Class 7c Classification under the Ordinance, and has proven to the President and Board of Trustees of the Village (the “Village Board”) that such Class 7c Classification is necessary to encourage improvement and occupancy of the specific vacant real estate identified below (the “Subject Property”); and
WHEREAS, the Village Board supports and consents to the filing of a Class 7c Classification renewal application by the Petitioner, with the understanding that any occupant of the Subject Property must meet the Class 7c Classification qualifications for commercial property; and
WHEREAS, the Applicant has provided an Economic Disclosure Statement to the Village of Orland Park; and
WHEREAS, the Village Board has determined that the granting of a Class 7c Classification to the Applicant, for the Subject Property, would be beneficial to the Village;
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 request of the Petitioner...
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