HomeMy WebLinkAboutRESOLUTION - 44-02 - 10/8/2002 - CLASS 6B STATUS/2400 LUNT AVERESOLUTION NO. 44-02
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 2400
LUNT AVENUE, ELK GROVE VILLAGE, ILLINOIS (LIQUID INVESTMENTS LLC)
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
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.
WHEREAS, Liquid Investments LLC has applied for or is applying for
Class 6B property status pursuant to said aforementioned ordinance,
for certain real estate located at 2400 Lunt Avenue, in the Village of
Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-35-202-041 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 Liquid Investments LLC to have
certain real estate located at 2400 Lunt Avenue, Elk Grove Village,
Cook County, Illinois, legally described as follows, and with the
Property Index Number 08-35-202-041 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
PARCEL 1:
The East 295.60 feet of the West 1460.60 feet of Lot 15
in Centex Industrial Park Unit 3, being a Subdivision in
Section 35, Township 41 North, Range 11, East of the Third
Principal Meridian, according to the Plat of Centex Industrial
Park Unit 3 Registered in the Office of the Registrar of Cook
County, Illinois on May 1, 1959 as Document 1858615.
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 08-35-202-041.
Section 4. That the Mayor and Village Clerk are hereby authorized
to sign any necessary documents to implement this Resolution.
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Section 5. That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
VOTE: AYES: 4 NAYS: 0 ABSENT: 2
PASSED this 8L" day of October 2002.
APPROVED this 8bh day of October 2002.
APPROVED:
Craig B. Johnson, Mayor
ATTEST:
Ann I. Walsh
Village Clerk
Re56bTax2900LuntSpecial.doc
"EXHIBIT A"
SPECIAL CIRCUMSTANCES 2400 LUNT AVENUE
The building was designed for one type of specific industry creating
an obsolete and/or dysfunctional floor plan.
The building is over thirty years old and in need of major repair.
A substantial amount of equipment and "leasehold improvements" were
abandoned and left in the building. These items will have to be
dismantled and removed before the property can be made available.
The overhead cranes and plating lines will also have to be removed
prior to re -occupancy.
Exhibit A. of
Resolution Ho. 44-02
Adopted 10-8-02
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