HomeMy WebLinkAboutRESOLUTION - 46-22 - 10/11/2022 - 1505 Pratt Boulevard, Class 6BRESOLUTION NO.46-22
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 1505 PRATT BOULEVARD, 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 1505 Pratt Boulevard,
in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-
34-401-018-0000, 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
1505 Pratt Boulevard, Elk Grove Village, Cook County, Illinois, and identified by Property Index
Numbers 08-34-401-018-0000, declared eligible for Class 613 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 WEST 141.95 FEET OF LOT 275 IN CENTEX INDUSTRIAL PARK UNIT NO.
156, BEING A SUBDIVISION IN SECTION 34, TOWNSHIP 41 NORTH, RANGE 11,
EAST OF THE THIRD PRNICIPAL 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 Numbers 08-
34-401-018-0000. 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 6,765
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 I I1h day of October 2022
APPROVED this 11 th day of October 2022
ATTEST:
Loretta M. Murphy, Village Clerk
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
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