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HomeMy WebLinkAboutRESOLUTION - 71-20 - 10/13/2020 - Class 6B, 1620 JarvisRESOLUTION NO. 71-20 A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6B STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE AS AMENDED JULY 27, 2018 FOR CERTAIN REAL ESTATE LOCATED AT 1620 JARVIS AVENUE, ELK GROVE VILLAGE, ILLINOIS WHEREAS, the Village of Elk Grove Village desires to promote the development of industry in the Village of Elk Grove; 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, the most recent amendment becoming effective as of July 27, 2018, which has instituted a program to encourage industrial and commercial development in Cook County known as the Cook County Real Property Classification Ordinance; and WHEREAS, in the case of abandoned property, if the municipality or the Mayor and Board of Trustees, finds that special circumstances justify finding that the property is "abandoned" for purpose of Class 6B, even though it has been vacant and unused for less than 24 months, that finding, along with the specification of the circumstances, shall be included in the resolution or ordinance supporting and consenting to the Class 6B application. Such resolution or ordinance shall be filed with the eligibility application. If the ordinance or resolution is that of a municipality, the approval of the Board of Commissioners of Cook County is required to validate such shortened period of qualifying abandonment, and a resolution to that effect shall be included with the Class 6B eligibility application filed with the Assessor; and WHEREAS, the Petitioner has applied for or is applying for Class 6B property status pursuant to said aforementioned ordinance for certain real estate located at 1620 Jarvis Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08- 27-401-054-0000, and has proven to this Board that such incentive provided for in said ordinance is necessary for development to occur on this specific real estate. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois: Section 1: That the request of the Petitioner to have certain real estate located at 1620 Jarvis Avenue, Elk Grove Village, Cook County, Illinois, identified by Property Index Number 08-27-401-054-0000, declared eligible for Class 6B special circumstances status pursuant to the Cook County Real Property Classification Ordinance as amended July 27, 2018, is hereby granted in that this Board and the Village of Elk Grove Village, Illinois, has determined that the incentive provided by the said Class 6B Tax Incentive Ordinance is necessary for the said development to occur on the subject property, legally described as follows: LOT 221 IN HIGGINS INDUSTRIAL PARK UNIT NO. 156, BEING A SUBDIVISION IN THE SOUTH EAST 1/4 OF SECTION 27, TOWNSHIP 41, NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN IN COOK COUNTY, ILLINOIS. Section 2: That the Special Circumstances as outlined by the petitioner are attached hereto as Exhibit "A" and made a part thereof. Section 3: That the Village of Elk Grove Village, Illinois hereby supports and consents to the Class 6B Application and approves the classification of the subject property as Class 6B property pursuant to the Cook County Real Property Classification Ordinance and the Class 6B tax incentives shall apply to the property identified as Permanent Real Estate Index Number 08- 27-401-054-0000. Elk Grove Village is in receipt of an economic disclosure statement that is required with the application packet. Section 4: That the Mayor and Village Clerk are hereby authorized to sign any necessary documents to implement this Resolution subject to the petitioner completing the following conditions within twelve months of closing: a. Upgrade the fagade and landscaping; b. Updated signage; c. Reconstruct dock drives and aprons per Elk Grove Village standards; d. Add exterior lights; e. Installation of a new accessible sidewalk to existing stoop; f. Installation of a new canopy; g. Resurface, seal coat and stripe parking lot and drive as necessary; h. Clean out back ditch and various other renovations. Section 5: That this Resolution shall be in full force and effect from and after its passage and approval according to law. VOTE: AYES: 6 NAYS: 0 ABSENT: 0 PASSED this 13" day of October 2020. APPROVED this 131h day of October 2020. ATTEST: Loretta M. Murphy, Village Clerk APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village Exhibit A SARNOFF KwCASH Special circumstances requested by Elk Grove Villape Investment LLC 1620 Jarvis Ave., Elk Grove Village, Illinois (PIVs: 08-27-401-054-0000 part of) Elk Grove Village Investment LLC ("Applicant") is requesting a Resolution supporting and consenting to a Class 6b Incentive on the above -referenced property based on occupation of an abandoned property that has been vacant for less than 24 continuous months with a purchase for value, special circumstances and substantial rehabilitation. The Applicant plans to purchase the subject property and rehabilitate the same for its related entity, Marqi Blinds, to occupy approximately 6,600 square feet of the same for its operations consisting of the fabrication, warehousing and distribution of custom blinds for homeowners, contractors, builders and showrooms. The subject property is approximately 27,299 square feet with an approximately 13,200 square foot building thereon. Approximately 6,600 square feet is occupied by Applied Industrial Technologies, Inc. for its industrial use. Currently, Applied Industrial Technologies, Inc. has 3 to 4 employees at the site. The remaining approximately 6,600 square feet will be 100% vacant and unused prior to the purchase. As noted above, the Applicant plans to complete significant rehabilitation to the entire subject property and Marqi Blinds will then occupy the vacant approximately 6,600 square feet for its industrial use. Marqi Blinds is a new entity, however, the ownership behind Marqi Blinds has years of experience owning and operating similar businesses. In addition, the ownership behind Marqi Blinds believes that by moving to the subject property this new entity will be able to grow significantly. As this is a new entity, Marqi Blinds plans to hire all new employees. Specifically, Marqi Blinds plans to initially hire 8 to 10 employees (all full-time) and an additional 8 to 10 employees over the next three years depending on growth. Additionally, Marqi Blinds will look to hire all qualified Elk Grove Village residents for future hires. As noted above, the Applicant plans to significantly rehabilitate the entire subject property. Therefore, the Applicant plans to spend approximately $50,000 to $100,000 to immediately rehabilitate and improve the subject property. Based on initial inspections these improvements will be to update the landscaping, update/improve the fapade, add new signage, reconstruct the existing concrete dock drive per Elk Grove Village standards, install a new canopy and sealcoat and restripe the parking lot as well as to complete other general maintenance. Please note that all of the rehabilitation costs could significantly vary depending on a variety of factors such as market variances. Further inspections of the subject property may require additional improvements. The rehabilitation will create approximately 5 to 15 construction jobs. Elk Grove Village can also expect the current tenant at this site and Marqi Blinds and their employees will invest commercially back into the community by visiting local establishments such as restaurants, gas stations, grocery stores and more. In addition, Elk Grove Village can expect that the current tenant at this site and Marqi Blinds will attract business and various customers to the Village in the course of their operations. We note that the Applicant will be applying to create two new PINS on the subject property. One PIN will consist of the currently occupied approximately 6,600 square feet and the other PIN will consist of the remainder of the building (approximately 6,600 square feet) and site. As a result, the Applicant is only requesting a Class 6b Incentive on the approximately 6,600 square feet that will be vacant prior to the purchase. Please see the attached aerials. Based on our research and the additional costs that must be incurred to improve and rehabilitate the building in order for this to be a successful endeavor, the Applicant must possess a Class 6b Incentive to complete the improvements and to successfully operate the property. It is for these reasons that it is necessary to grant the Applicant a Resolution supporting and consenting to a Class 6b Incentive for the subject property based on occupation of an abandoned property that has been vacant for less than 24 continuous months with a purchase for value, special circumstances and substantial rehabilitation.