HomeMy WebLinkAboutRESOLUTION - 54-03 - 9/23/2003 - CLASS 6B/955 PRATT BLVD RESOLUTION NO. 54-03
A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6B STATUS
PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE AS
AMENDED JANUARY 1, 2000 FOR CERTAIN REAL ESTATE LOCATED AT 955 PRATT
BOULEVARD, ELK GROVE VILLAGE, ILLINOIS (CENTERPOINT PROPERTIES TRUST)
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
January 1, 2000, which has instituted a program to encourage
industrial and commercial development in Cook County known as the Cook
County Real Property Classification Ordinance; and
WREREAS, 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.
WHEREAS, CenterPoint Properties Trust has applied for or is
applying for Class 6B property status pursuant to said aforementioned
ordinance, for certain real estate located at 955 Pratt Boulevard, in
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the Village of Elk Grove Village, Cook County, Illinois, with the
Property Index Number 08-34-307-016-0000 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 CenterPoint Properties Trust to
have certain real estate located at 955 Pratt Boulevard, Elk Grove
Village, Cook County, Illinois, legally described as follows, and with
the Property Index Number 08-34-307-016-0000 declared eligible for
Class 6B status pursuant to the Cook County Real Property
Classification Ordinance as amended January 1, 2000, 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:
LEGAL DESCRIPTION
Lot 287 in Centex Industrial Park, Unit Number 167, being a
Subdivision in the South �6 of Section 34, 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
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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 08-34-307-016-0000.
Section 4. That the Mayor and Village Clerk are hereby authorized
to sign any necessary documents to implement this Resolution.
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 23rd day of September 2003.
APPROVED this 23rd day of September 2003.
Approved:
Craig B. Johnson, Mayor
ATTEST:
Ann 1. Walsh
Village Clerk
Res 6bTax955Pra ttspeci al.doc
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"EXHIBIT A"
SPECIAL CIRCUMSTANCES
Building is industry-specific for a printing company
Roof repairs
Demolition of a portion of the existing office
Demolition of interior warehouse walls
ADA compliant upgrades
Parking lot improvements
Dock improvements
Lighting upgrades
LEGAL DESMP13ON
Lot 287 in Centex Industrial Park,Unit Number 167,being a subdivision in the South Yz
of Section 34,Township 41 North,Range 11,Feast ofthe Third Principal Meridian,in Cook
County,Illinois
TOGl3 IMR WITH ALL and singular the buildings and improvements,ways, streets,
all",passages,waters,watercourses,rights,liberties,privileges,hereditaments and
appurtenances wbatsoever Woreunto belonging,or in any wise Appertaining,and the revereious
and remaindem rents,issuas and profits thereof;and all the estate,right,title, interest,property,
claim and demand whatsoever,in law and in equity or otherwise howsoever of the grantors of:
in,to or out of the said premises and every part and parcel thereof;
SUB=ONLY to tho covenants,eoudiuions and restrictions not forth in[Exhibit H]
attached hereto.
Resolution No. 54-03
adopted 9-23-03