SOUTH SUBURBAN TAX REACTIVATION PROJECT Brownfield Summit Wednesday, April 17, :00-3:00 p.m.

SSTRP Overview SSTRP was instituted to procure tax delinquent, vacant, and abandoned industrial and commercial properties on behalf of municipalities and return them to productive use. SSTRP was instituted to procure tax delinquent, vacant, and abandoned industrial and commercial properties on behalf of municipalities and return them to productive use. Pilot Program established July 2000, funded by DCCA and administered by Cook County Assessor’s Office. Pilot Program established July 2000, funded by DCCA and administered by Cook County Assessor’s Office.

Overview continued… Assessor James M. Houlihan sought the funding resources from the State for this pilot program (Illinois First Program). Assessor James M. Houlihan sought the funding resources from the State for this pilot program (Illinois First Program). Program addresses the problem of extreme economic distress, lost population, slowest growing municipal real estate tax bases, high tax rates, highest % (62) of delinquent Program addresses the problem of extreme economic distress, lost population, slowest growing municipal real estate tax bases, high tax rates, highest % (62) of delinquent

Overview continued… parcels in suburban Cook County. Targeted Townships: Bloom, Bremen, Calumet, Rich and Thornton. Utilizes Cook County’s No Cash Bid Program, which is authorized under state law, to acquire tax delinquent parcels on behalf of municipalities and pays legal and other costs associated with the acquisitions. Utilizes Cook County’s No Cash Bid Program, which is authorized under state law, to acquire tax delinquent parcels on behalf of municipalities and pays legal and other costs associated with the acquisitions.

Promoting SSTRP’s Mission Promotions via the following interactions: Promotions via the following interactions: –Municipal Officials –Economic Delinquent Organizations –Internet –Participating in Community Economic Development Forums –Brochure Mailings –Contacts with Commercial/Industrial Business –Media Contacts

Promoting SSTRP’s Mission continued… Class 8 Incentive / Little or No Cost Class 8 Incentive / Little or No Cost Over 32 municipalities in 5 Townships Over 32 municipalities in 5 Townships Allies in economic development Allies in economic development

Planning and Identification of Project Inventory KPMG 3 Phase Study KPMG 3 Phase Study Cook County’s Tax Delinquent Property Listing Cook County’s Tax Delinquent Property Listing

No Cash Bid Process and Site Assemblage 8 Step Process: Step 1: Determining Tax Delinquent Parcels for Acquisitions Step 1: Determining Tax Delinquent Parcels for Acquisitions Step 2: Municipal Resolution and/or Agreement Step 2: Municipal Resolution and/or Agreement Step 3: Due Diligence Step 3: Due Diligence Step 4: Additional County Due Diligence & Cook County Board Considerations Step 4: Additional County Due Diligence & Cook County Board Considerations

No Cash Bid Process and Site Assemblage continued… Step 5: Certificate of Purchase Step 5: Certificate of Purchase Step 6: Redemption Period Step 6: Redemption Period Step 7: Property Inspection/Reporting Step 7: Property Inspection/Reporting Step 8: Obtaining the Deed Step 8: Obtaining the Deed

Round 1 Municipality Municipality*Harvey Lynwood Lynwood Richton Park Richton Park Sauk Village Sauk Village Totals: 4 *There were 17 Harvey parcels. One (1) parcel has been redeemed. One (1) parcel has been redeemed. # of Parcels Sites Anticip. Deed Date 16 2April April April April April

Round 2 Municipality Municipality Dixmoor Dixmoor Harvey 3 rd Party Harvey 3 rd Party Markham Markham Phoenix Phoenix Richton Park Richton Park Totals: 5 # of Parcels Sites Anticip. Deed Date 6 3July July July July July July July July July July

Round 3 Municipality *Blue Island *Blue Island Ford Heights Ford Heights Harvey Harvey**Lansing Park Forest Park Forest Totals: 5 *NCB already approved, SSTRP picks up from here. *NCB already approved, SSTRP picks up from here. **Marketing agreement only. Already municipally owned. Already municipally owned. # of Parcels Sites Anticip. Deed Date 2 1 December December December December December December December

Recommended Acquisitions for the 4 th Round Municipality Blue Island HarveyMarkham Park Forest Posen Richton Park Robbins Totals: 7 # of Parcels Sites

Summary of Acquisitions Including the recommended 4 th Round of acquisitions, we will have agreements with Including the recommended 4 th Round of acquisitions, we will have agreements with 13 municipalities, representing 252 parcels and 64 sites. 13 municipalities, representing 252 parcels and 64 sites.

Implementation and Development SSTRP Marketing Strategies SSTRP Marketing Strategies RFP for Real Estate Brokerage Services RFP for Real Estate Brokerage Services High Potential Fliers High Potential Fliers Site Development Agreements Site Development Agreements

Pending Agreements with Businesses for SSTRP Sites Municipality Municipality Harvey Harvey “ “ Lansing Lansing “ “ Businesses Boomerang John’s Arrow SET Environmental Thomas Management Cloverleaf Farms Distributors, Inc. All Chicago Fleet

Pending Agreements with Businesses for SSTRP Sites continued… Municipality Municipality Markham Markham “ “ Richton Park Richton Park “ “ Sauk Village Sauk Village Businesses Midwestern Electric Co. Inc. Thomas Management EAT-N-RUN Perks Place Thomas Management

Intangible Benefits Catalyst for municipalities Catalyst for municipalities Builds cooperation and foster relationships Builds cooperation and foster relationships Encourages positive use of tax delinquent properties Encourages positive use of tax delinquent properties Cultivates intergovernmental relationships Cultivates intergovernmental relationships Heightens the dialogue regarding redevelopment opportunities Heightens the dialogue regarding redevelopment opportunities

Thank You!!