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HomeMy WebLinkAboutRESOLUTION - 63-23 - 12/12/2023 - 1001 BUSSE ROAD, 6BRESOLUTION NO.63-23 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 1001 BUSSE ROAD, 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 613, 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 1001 Busse Road, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-26- 303-014-0000, 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 1001 Busse Road, Elk Grove Village, Cook County, Illinois, identified by Property Index Number 08- 26-303-014-0000, 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: LOT 99 IN CENTEX INDUSTRIAL PARK UNIT NO 10, BEING A SUBDIVISION IN SECTION 26, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. EXCEPTING FROM SAID LOT 99 THAT PART THEREOF LYING NORTHERLY OF A LINE DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE EAST LINE OF SAID LOT 99 WHICH IS 21.24 FEET SOUTH OF THE NORTHEAST CORNER OF SAID LOT 99 AND WHICH IS NORMALLY DISTANT 20 FEET SOUTHERLY OF THE SOUTH LINE OF LANDMEIER ROAD; A DISTANCE OF 175.20 FEET TO AN ANGLE POINT, THENCE WESTERLY ALONG A STRAIGHT LINE FORMING AN ANGLE OF 19 DEGREES, 40 MINUTES TO THE LEFT OF THE LAST DESCRIBED COURSE EXTENDED A DISTANCE OF 559.52 FEET TO A POINT ON THE WEST LINE OF LOT 99 DISTANT 35 FEET SOUTH OF THE NORTHWEST CORNER OF SAID LOT 99, IN COOK COUNTY, ILLINOIS. ALSO EXCEPT THAT PART OF SAID LOT 99 DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF LOT 9 AFORESAID, THENCE ON AN ASSUMED BEARING SOUTH 1 DEGREES 11 MINUTES 31 SECONDS EAST, 35.00 FEET TO THE SOUTH LINE OF LANDMEIER ROAD AS WIDENED AND FOR A POINT OF BEGINNING; THENCE NORTH 88 DEGREES 36 MINUTES 00 SECONDS EAST ALONG SAID SOUTH LINE OF LANDMEIER ROAD AS WIDENED, 15.00 FEET, THENCE SOUTH 43 DEGREES 42 MINUTES 14 SECONDS WEST, 21.25 FEET TO THE WEST LINE OF LOT 99 AFORESAID; THENCE NORTH 1 DEGREES 11 MINUTES 31 SECONDS WEST ALONG SAID WEST LINE OF LOT 99, A DISTANCE OF 15.00 FEET OF THE POINT OF BEGINNING. 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- 26-303-014-0000. 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. Plumbing improvements; b. HVAC and existing Fire protection system; c. Significant electrical work and exterior improvements; d. Upgrades to the fagade on the West Elevation of the building; e. Seal coat and stripe the parking lot; f. Installation of an 8' pinball sculpture and illuminated lobby mural; g. New building signage and exterior accent lighting. 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 1211 day of December 2023. APPROVED this 121h day of December 2023. ATTEST: Loretta M. Murphy, Village Clerk APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village 3 EXHIBIT A Special Circumstances requested by -Stern Pinball, Inc. Stern Pinball, Inc. ("Applicant") is requested a Resolution supporting and consenting to a Class 6b Incentive on the property at 1001 Busse Road, Elk Grove Village, IL based on occupation of an abandoned property that has been vacant less than 12 continuous months and will create/maintain 250+jobs, thus meeting the special circumstances required to determine eligibility for Cook County's 6b CEERM program. The Applicant plans on leasing the subject property and rehabilitating the space to manufacture and distribute Pinball machines. The property would also act as their Icorporate HQ and showroom. The targeted space is approximately 163,000 square feet within the approximately 271,000 total square foot building. Stern's portion of the building has been vacant and unused since May, 2023. The property needs substantial renovation. Therefore, the Applicant plans to spend approximately $2.5M out of pocket to rehabilitate and improve the exterior of the subject property. Based on initial inspections, these improvements will be to update/improve the faSade, update the signage, add new exterior LED lighting, seal coat and strip the parking lot, and complete other deferred maintenance items required to retool the space for Stern's manufacturing processes. The Applicant currently leases a facility on Lunt Avenue encompassing approximately 106,000 sf, with about 22% of the space dedicated to office activities. By moving to the property on Busse Road, SPI could gain an additional 60,000 sf of operational space while simultaneously increasing parking and access for its existing workforce. The Applicant needs more manufacturing space to grow and keep up with current demand. The Applicant will move its entire operation into the new space, allowing certain process to be streamlined or expanded. Currently, the Applicant has 139 employees and a contractual labor force under full control of the company of about 300 employees. All the current employees would relocate to the subject property. In addition, the applicant intends to hire an additional 52 employees. The applicant needs the special circumstances - vacancy and the expected job creation - to be considered due to the competitive nature of industrial real estate in the subject area and requirements to rehabilitate the building for this to be a successful endeavor. The Applicant must possess a Class 6b Incentives to complete the improvements and operate the property. Page 3 No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our principals.