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Home My WebLink AboutRESOLUTION - 31-22 - 6/21/2022 - Class 6B, 601 Busse Road and 1800 Howard StreetRESOLUTION NO.31-22 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 601 BUSSE ROAD AND 1800 HOWARD STREET, 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 601 Busse Road and 1800 Howard Street, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Numbers 08-26-100-012-0000, 08-26-100-035-0000, 08-26-100-036-0000, 08-26-100-037- 0000, 08-26-100-038-0000, 08-26-100-039-0000, 08-26-100-040-0000, 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 the Petitioner to have certain real estate located at 601 Busse Road and 1800 Howard Street, Elk Grove Village, Cook County, Illinois, and identified by Property Index Numbers 08-26-100-012-0000, 08-26-100-035-0000, 08-26-100-036- 0000, 08-26-100-037-0000, 08-26-100-038-0000, 08-26-100-039-0000, 08-26-100-040-0000, 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 6B Tax Incentive Ordinance is necessary for the said development to occur on the subject property, legally described as follows: THE EAST 30 FEET, MEASURED AT RIGHT ANGLES TO THE EAST LINE THEREOF, OF THE SOUTH 920.24 FEET, AS MEASURED ALONG THE EAST LINE OF A 200 FOOT STRIP OF LAND CONVEYED TO THE COUNTY OF COOK BY DEED RECORDED JANUARY 12, 1939 AS DOCUMENT 12259408, OF THAT PART OF THE WEST 1/2 OF THE NORTHWEST 1/4 OF SECTION 26, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, LYING SOUTHERLY AND WESTERLY OF THE CENTER LINE O F HIGGINS ROAD, EAST OF THE EAST LINE OF SAID 200 FOOT STRIP OF LAND AND LYING NORTHERLY OF A LINE DRAWN AT RIGHT ANGLES TO THE EAST LINE OF SAID 200 FOOT STRIP OF LAND FROM A POINT ON SAID EAST LINE OF SAID 200FOOT STRIP OF LAND, 1,957.80 FEET SOUTH, AS MEASURED ALONG THE EAST LINE OF SAID 200 FOOT STRIP OF LAND, OF THE NORTH LINE OF THE NORTHWEST 1/4 OF SAID SECTION 26, IN COOK COUNTY, ILLINOIS. PARCEL 2: LOTS 1, 2, 3, 4, 5 AND 6 IN VINCENT P. BIANCO SUBDIVISION, BEING A SUBDIVISION OF PART OF THE WEST 1/2 OF THE NORTHWEST 1/4 OF SECTION 26, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, AS SHOWN BY PLAT OF SUBDIVISION RECORDED OCTOBER 5, 1988 AS DOCUMENT 88459425 AND RE -RECORDED AS DOCUMENT NUMBER 89-099001, IN COOK COUNTY, ILLINOIS. PARCEL 2 ALSO DESCRIBEDAS: THAT PART OF THE WEST 1/2 OF THENORTHWEST 1/4 OF SECTION 26, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, EXCEPT THE SOUTH 82.50 FEET THEREOF, LYING EAST OF THE EAST LINE OF THE 200 FOOT STRIP OF LAND CONVEYED TO THE COUNTY OF COOK BY DEED RECORDED JANUARY 2, 1939 IN THE RECORDER'S OFFICE OF COOK COUNTY, ILLINOIS AS DOCUMENT 12259408 AND LYING SOUTH OF A LINE DRAWN AT RIGHT ANGLES TO THE EAST LINE OF SAID 200 FOOT STRIP OF LAND FROM A POINT ON SAID EAST LINE OF SAID 200 FOOT STRIP OF LAND, 1957.80 FEET SOUTH (AS MEASURED ALONG THE EAST LINE OF SAID 200 FOOT STRIP OF LAND) OF THE NORTH LINE OF THE NORTHWEST 1/4 OF SAID SECTION 26, IN COOK COUNTY, ILLINOIS (EXCEPT THAT PART DEDICATED FOR HOWARD STREET). 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 Numbers 08-26- 100-012-0000, 08-26-100-035-0000, 08-26-100-036-0000, 08-26-100-037-0000, 08-26-100-038- 0000, 08-26-100-039-0000, 08-26-100-040-0000. 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 312,482 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: 5 NAYS: 0 ABSENT: 1 PASSED this 21s' day of June 2022. APPROVED this 215' day of June 2022. APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Loretta M. Murphy, Village Clerk Efiie Elk Grove Village Class 6B Property Tax Terms and Agreement Terms & Conditions Attachment A The APPLICANT shall perform the WORK upon the SUBJrCT PROPERTY as outlined below: • Construct a modern, single -story speculative industrial building containing approximately 312,482 square feet Please note, all improvements must conform to Village codes and ordinances. At the time of plan review and permitting, the Village reserves the right to alter the applicant's plans to ensure conformity. The 6B will not be granted until all improvements are completed to the satisfaction of the Village. Any alteration of the proposed work by the applicant after Village Board approval requires additional Village Board approval. The aforementioned items must be completed in accordance with the application packet submitted and enumerated in the resolution.