Property Tax Appeal Board Decision 2002-23731-C-2 Atlantic Aviation Corporation

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Based on the facts and exhibits presented, the Property Tax
Appeal Board hereby finds a reduction in the assessment of the
property as established by the Cook County Board of Review is
warranted. The correct assessed valuation of the property is:
DOCKET # PIN LAND IMPROVEMENT TOTAL
02-23731.001-C-2 19-16-100-002-8062 $0 $ 87,736 $ 87,736
02-23731.002-C-2 19-16-100-002-8063 $0 $491,764 $491,764
Subject only to the State multiplier as applicable.
Final administrative decisions of the Property Tax Appeal Board
are subject to review in the Circuit Court or Appellate Court
under the provisions of the Administrative Review Law (735 ILCS
5/3-101 et seq.) and section 16-195 of the Property Tax Code.
PTAB/0302JBV
1 of 4
PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Atlantic Aviation Corporation
DOCKET NO.: 02-23731.001-C-2 and 02-23731.002-C-2
PARCEL NO.: 19-16-100-002-8062 and 19-16-100-002-8063
The parties of record before the Property Tax Appeal Board are
Atlantic Aviation Corporation, the appellant, by attorney Patrick
J. McNerney with the law firm of Mayer, Brown, Rowe & Maw in
Chicago and the Cook County Board of Review.
The subject property consists of a leasehold interest in a 15-
year-old, one and part two-story, masonry and steel hanger/office
building containing 57,636 square feet of building area and a
60-year-old, masonry, hanger building containing 21,644 square
feet of building area. Both hangers are located at Midway
Airport. The appellant in this appeal submitted documentation to
demonstrate that the subject property was improperly assessed.
This evidence was timely filed by the appellant pursuant to the
Official Rules of the Property Tax Appeal Board.
The board of review did not submit its "Board of Review Notes on
Appeal" nor evidence in support of its assessed valuation of the
subject property. The PTAB issued a default letter to the board
of review on July 25, 2006.