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HomeMy WebLinkAboutRESOLUTION - 14-21 - 2/9/2021 - Class 6B, 1100 Touhy AvenueRESOLUTION NO. 14-21 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 1100 TOUHY 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, the Petitioner has applied for or is applying for Class 6B property status pursuant to said aforementioned ordinance for certain real estate located at 1100 Touhy Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08- 27-303-013-0000, 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 1100 Touhy Avenue, Elk Grove Village, Cook County, Illinois, and identified by Property Index Number 08-27-303-013-0000, declared eligible for Class 6B 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 613 Tax Incentive Ordinance is necessary for the said development to occur on the subject property, legally described as follows: LOT 115 IN THE CENTEX INDUSTRIAL PARK, UNIT NUMBER 82, BEING A SUBDIVISION IN SECTIONS 27 AND 34, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. Section 2: 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- 27-303-013-0000. Elk Grove Village is in receipt of an economic disclosure statement that is included with the application packet. Section 3: That the Mayor and Village Clerk are hereby authorized to sign any necessary documents to implement this Resolution including the Elk Grove Village Class 6b Property Tax Incentive Terms and Agreement subject to the petitioner completing new construction of a 73,000 square foot industrial building, in substantial conformance with the Applicant completing the improvements stated in their application. Section 4: 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 9' day of February 2021. APPROVED this 9t1 day of February 2021. APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Loretta M. Murphy, Village Clerk EvGENE L. GRIFFIN & ASSOCIATES, LTD. LAW OFFICES 29 NORTH WACKER DRIVE, SUITE 650 CHICAGO, ILLINOIS 60606-3215 (312) 855-5050 January 26, 2021 FACSIMILE (312) 855.5048 WRITER'S DUMOT DIAL NUNWER 855-5021 Mr. Josh Grodzin, CEcD Director of Business Development and Marketing Charles J. Zettek Municipal Complex 901 Wellington Elk Grove Village, IL 60007 Re: Class 6B Property Tax Incentive Application Kerman Investments d/b/a Steiner Electric Company 1100 Touhy Avenue, Elk Grove Village, IL Elk Grove Township Perm. No. 08-27-303-013 Dear Mr. Grodzin: Applicant, Kerman Investments/Steiner Electric, (Owner) is requesting a Resolution in Support of a Class 6B Property Tax Incentive for the property located at 1100 Touhy Avenue, Elk Grove Village, Illinois, hereinafter the "subject property". The subject property, located at 1100 Touhy Avenue (PIN 08-27-303-013), consists of a one story, masonry industrial building, containing 60,000 square feet of net rentable area. The building was constructed in 1968 and is situated on a parcel of land containing 106,305 square feet. Seiner Electric also occupies the adjacent building located at 1250 Touhy Avenue. This building consists of a one -and part two-story masonry constructed industrial building containing 85,000 net rentable square feet. The building was constructed in 1973 and is situated on a parcel of land containing 151,335 square feet. The current operations of Steiner Electric at their current two facilities (1100 & 1250 Touhy) is cause for great inefficiency in their day to day operations and requires redevelopment and modernization of the facility to create a more efficient operation to remain competitive in the Electrical Distribution Industry.