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Home My WebLink AboutRESOLUTION - 34-22 - 7/19/2022 - Class 6B, 1390 Louis AvenueRESOLUTION NO.34-22 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 1390 LOUIS 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 1390 Louis Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08- 27-400-053-0000, 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 1390 Louis Avenue, Elk Grove Village, Cook County, Illinois, identified by Property Index Number 08-27-400-053-0000, 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: Parcel A: THAT PART OF THE SOUTHEAST 1/4 OF SECTION 27, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE NORTH LINE OF LOUIS AVENUE, SAID POINT BEING THE SOUTHEAST CORNER OF LOT 85 IN HIGGINS INDUSTRIAL PARK, UNIT NO. 56, BEING A SUBDIVISION AT THE SOUTHEAST 1/4 OF SECTION 27 AFORESAID, THENCE EAST ALONG THE NORTH LINE OF LOUIS AVENUE 75.0 FEET THENCE NORTH AT RIGHT ANGLES TO LOUIS AVENUE 189.99 FEET TO A POINT ON THE NORTH LINE OF THE SOUTHEAST 1/4 OF SECTION 27, 75.0 FEET TO SAID NORTHEAST CORNER OF LOT 85, THENCE SOUTH ALONG THE EAST LINE OF SAID LOT 85,189.99 FEET TO THE POINT OF THE BEGINNING IN COOK COUNTY, ILLINOIS. ALSO PARCEL BLOCK: THAT PART OF THE SOUTHEAST 1/4 OF SECTION 27, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE NORTH LINE OF LOUIS AVENUE, SAID POINT BEING 75.0 FEET EAST OF THE SOUTHEAST CORNER OF LOT 85 IN HIGGINS INDUSTRIAL PARK UNIT NO. 56, BEING A SUBDIVISION IN THE SOUTHEAST 1/4 OF SECTION 27 AFORESAID, THENCE EAST ALONG THE NORTH LINE OF LOUIS AVENUE 75.0 FEET THENCE NORTH AT RIGHT ANGLES TO LOUIS AVENUE 189.99 FEET TO A POINT ON THE NORTH LINE OF THE SOUTHEAST 1/4 OF SECTION 27, 150.0 FEET EAST OF THE NORTHEAST CORNER OF SAID LOT 85, THENCE WEST ALONG SAID NORTH LINE OF THE SOUTHEAST 1/4, A DISTANCE OF 75.0 FEET TO A POINT ON SAID NORTH LINE 75.0 FEET EAST OF SAID NORTHEAST CORNER OF LOT 85, THENCE SOUTH 189.99 FEET TO THE POINT OF THE BEGINNING ALL 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- 27-400-053-0000. Elk Grove Village is in receipt of an economic disclosure statement that is required with the application packet. 2 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. Add new fagade treatment, b. Install a new dock, drive, apron and reconstruct dock retaining walls, c. Install a new company sign with new awning over the main entrance, d. Install LED lights at entrance and dock area, e. New landscaping, f. Resurface and stripe the parking lot. Section 5: 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 1911 day of July 2022 APPROVED this 19" day of July 2022 ATTEST: Loretta M. Murphy, Village Clerk R2; —,ob,1 3901i ous Avc APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village 3 "Exhibit A" SARNOUF BMI(AWS41 �iia ' r nested by 1390 _L~4 UwaW U Q or as entity to be ate 13 d mix 1s F11: Grra..,e [Wmeh 1PI'\s: W27-400453 l 1 7 ) Loud: Owners, LLC, or an entity to be namod, (-Applicant--) is requesting a Resolution supporting and consenting to a Class 6b lnccntive on the above -referenced pmpen) basil on txxupawn ofwi abxulooed property that has been N ant for less thwi 24 continuous months with a purcha. a for value, special circumstances and .substantial rehabilitation. The Applicant plans on purchasing the subject property and rehabilitating the saute for its related entity, Swiss Machining Expertise LLC, to occupy for its industrial use consisting of a CNC machine shop where it mill manufa%turc, warehouse and distribute parts for hydraulic equipment used in various industries. The subject property is approximately 14,250 square feet with an approximately 5,600 square: foot building thereon that has been 100% vacant and unused since April, 2022. The property is in need of substantial rehabilitation. Therefore, the Applicant plans to spend approximately $75,000 to $125,000 to immediately rehabilitate and improve the exterior of the subject property. Based on initial inspections these improvements will be to update the landscaping, update/improve the fagade, add signage, add LED exterior lighting, update the dock drive per Elk Grove Village standards, reconstruct the retaining wall, tuckpoint as necessary and resurface and restripe parking lot as well as to complete other general maintenance. The Applicant plans to also complete interior improvements. 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 10 to 25 construction jobs. Swiss Machining Expertise LLC currently leases a couple spaces totaling approximately 4,600 square feet in Bensenville, Illinois. Swiss Machining Expertise LLC needs more space to grow as well as to consolidate its operations to maximize its functionality. Therefore, the Applicant plans to rehabilitate the subject property to meet Swiss Machining Expertise LLC's needs and it will move its entire operation to the same. Currently, Swiss Machining Expertise LLC has 3 employees (2 full-time; 1 part-time) and plans to bring all of these employees to the subject property and to hire an additional 2 to 3 employees as soon as possible. Additionally, Swiss Machining Expertise LLC will look to hire all qualified Elk Grove Village residents for future hires. 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.