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HomeMy WebLinkAboutRESOLUTION - 48-24 - 8/13/2024 - 1250 PRATT BOULEVARD, CLASS 6BRESOLUTION NO. 48-24 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 1250 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 Mayor and Board of Trustees, finds that special circumstances justify finding that the property is "abandoned" for purpose of a Class 6B designation, even though it has been vacant and unused for more than 12 months and there has been no purchase for value, 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; and WHEREAS, the Petitioner has applied for or is applying for Class 6B property status special circumstances pursuant to said aforementioned ordinance for certain real estate located at 1250 Pratt Boulevard, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-34-400-026-0000, 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 1250 Pratt Boulevard, Elk Grove Village, Cook County, Illinois, and identified by Property Index Number 08-34-400-026-0000, 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 WEST 46 FEET OF LOT 17, ALL OF LOT 18 AND THE EAST 44 FEET OF LOT 19 IN CENTEX INDUSTRIAL PARK UNIT 22, IN SECTION 34, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, 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 613 Application and approves the classification of the subject property as Class 613 property pursuant to the Cook County Real Property Classification Ordinance and the Class 613 tax incentives shall apply to the property identified as Permanent Real Estate Index Number 08- 34-400-026-0000. Elk Grove Village is in receipt of an economic disclosure statement that is included with the application packet. 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. Rehabilitation of the dock area; b. Concrete flooring and sidewalk; c. Parking lot patching; d. Cleaning of the rear ditch; e. Removal of a dead tree and new landscaping; and f. Upgraded fagade. 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 131h day of August 2024 APPROVED this 13' day of August 2024 ATTEST: Loretta M. Murphy, Village Clerk APPROVED: Mayor Cram B. Johnson Village of Elk Grove Village 2 SARNOFF BAcCASH August 5, 2024 Sue Dees Director of Business Development & Marketing Village of Elk Grove 901 Wellington Avenue Elk Grove, Illinois 60007 sdees@elkgrove.org RE: Class 6b Incentive Resolution Request Kazko Holdings, LLC 1250 Pratt Blvd., Elk Grove Village, Illinois 60007 PIN: 08-34-400-026-0000 Dear Sue: Kazko Holdings, LLC ("Applicant") is requesting a Resolution supporting and consenting to a new Class 6b Incentive on the above -referenced property based on occupation of an abandoned property that has been vacant for greater than 12 continuous months without a purchase for value and with special circumstances and substantial rehabilitation. The Applicant purchased the subject property in September, 2023 and has since been rehabilitating the same for its related entities, Ideal Bakery Enterprises, Inc. ("Ideal Bakery") and Klikow, Inc. ("Jarosch Bakery"), to occupy for their industrial uses consisting of a wholesale bakery along with warehousing and distribution of its baked goods. In addition, because the property has been vacant for greater than 12 continuous months without a purchase for value, the Applicant will be seeking a Class 6b Incentive with special circumstances. Attached please find a brief narrative discussing the need for special circumstances. The subject property is approximately 53,200 square feet with an approximately 31,000 square foot building that has been 100% vacant and unused since August 1, 2023. The subject property was in need of substantial rehabilitation. Therefore, the Applicant has already spent approximately $1,300,000 to rehabilitate and improve the exterior and interior of the subject property. Specifically, the Applicant repaired the loading dock, repaired the catch basin, removed a dead tree in the parking lot, replaced and painted the railings, and completely repaired and upgraded the interior for bakery use. In addition, the Applicant plans to spend an additional approximately $100,000 to $200,000 to repair and restripe the parking lot, update the landscaping and improve the fagade as well as to complete other general maintenance. See attached drawings. 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 created approximately 20 to 30 construction jobs and the additional improvements will create roughly 10 to 25. Ideal Bakery is a family -owned business that started in 2006. Currently Ideal Bakery operates out of an approximately 5,000 square foot building in Chicago and leases roughly 8,000 square feet in Norridge and needs to consolidate and add more space to fit its growth plans. Therefore, the Applicant is currently preparing the subject property so Ideal Bakery can occupy part for its use. Currently, Ideal Bakery has 40 to 50 employees (all full-time) and plans to bring all of these employees to the subject property and to hire an additional 5 employees within the first two years of operations. Two North Ia sallc Street - Suite 1000 - Chicago - 1111nois - 60602 Ph 312.i82.8<310 - F1 312.782.863.5 SARNOFF BACCASH Sue Dees August 5, 2024 Page Two In addition, a related entity to the Applicant recently acquired Jarosch Bakery, an Elk Grove Village institution, in order to keep it running and in Elk Grove Village. Currently Jarosch Bakery is located in a roughly 6,500 square foot building at 35 S. Arlington Heights Rd. in Elk Grove Village and has approximately 55 to 65 employees (roughly 45 full-time; roughly 20 part-time). The plan is to close the 35 S. Arlington Heights Rd. site and move all production to the subject property with all roughly 30 to 40 current production employees moving to the same. Additionally, the Applicant plans to open a new retail outlet in the Plaza that will have the roughly 15 to 25 current retail employees. This retail site will generate a significant sales tax. Please note that both Ideal Bakery and Jarosch Bakery will be occupying the subject property. In addition, both will look to hire all qualified Elk Grove Village residents for future hires. Elk Grove Village can also expect that Ideal Bakery and Jarosch Bakery and their employees will invest commercially back into the community by visiting local establishments such as restaurants, gas stations, grocery stores and more. In addition, Elk Grove Village can expect that Ideal Bakery and Jarosch Bakery will attract business and various customers to the Village in the course of their operations. As the above indicates, there are various benefits Elk Grove Village will receive should the Applicant be granted the new Class 6b Incentive. The Applicant is excited to move forward with completing the rehabilitation and reoccupation of the subject property. However, the above is all contingent on the Applicant receiving a new Class 6b Incentive. Therefore, please review this letter and the following attached materials, and place the Applicant on the Agenda for the next Elk Grove Village Board meeting on August 13, 2024: 1. Petition Form for Class 6B Program. 2. Affidavit attesting to the vacancy on the subject property. 3. Legal description of the subject property. 4. Aerial of the subject property. 5. Color renderings showing the proposed new fagade and landscaping. 6. List of the subject property's taxes for the past five years, including a Cook County print- out. 7. Estimated taxes on the subject property with and without the Class 6b Incentive and with 100% vacancy relief. 8. Cook County Disclosure of Ownership Interest Statement. 9. $1,000.00 fling fee. Should you have any questions or concerns, do not hesitate to contact me at (312) 782-8310. Sincerely, SARNOFF & BACCASH Z_�49-7- Zachary A. Kafitz SARNOFF BACCASH Special circumstances requested by Kazko Holdings, LLC 1250 Pratt Blvd., Elk Grove Village, Illinois (PIN: 08-34-400-026-0000) Kazko Holdings, LLC ("Applicant") is requesting a Resolution supporting and consenting to a new Class 6b Incentive on the above -referenced property based on occupation of an abandoned property that has been vacant for greater than 12 continuous months without a purchase for value and with special circumstances and substantial rehabilitation. The Applicant purchased the subject property in September, 2023 and has since been rehabilitating the same for its related entities, Ideal Bakery Enterprises, Inc. ("Ideal Bakery") and Klikow, Inc. ("Jarosch Bakery"), to occupy for their industrial uses consisting of a wholesale bakery along with warehousing and distribution of its baked goods. The subject property is approximately 53,200 square feet with an approximately 31,000 square foot building that has been 100% vacant and unused since August 1, 2023. The subject property was in need of substantial rehabilitation. Therefore, the Applicant has already spent approximately $1,300,000 to rehabilitate and improve the exterior and interior of the subject property. Specifically, the Applicant repaired the loading dock, repaired the catch basin, removed a dead tree in the parking lot, replaced and painted the railings, and completely repaired and upgraded the interior for bakery use. In addition, the Applicant plans to spend an additional approximately $100,000 to $200,000 to repair and restripe the parking lot, update the landscaping and improve the fagade as well as to complete other general maintenance. See attached drawings. 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 created approximately 20 to 30 construction jobs and the additional improvements will create roughly 10 to 25. Ideal Bakery is a family -owned business that started in 2006. Currently Ideal Bakery operates out of an approximately 5,000 square foot building in Chicago and leases roughly 8,000 square feet in Norridge and needs to consolidate and add more space to fit its growth plans. Therefore, the Applicant is currently preparing the subject property so Ideal Bakery can occupy part for its use. Currently, Ideal Bakery has 40 to 50 employees (all full-time) and plans to bring all of these employees to the subject property and to hire an additional 5 employees within the first two years of operations. In addition, a related entity to the Applicant recently acquired Jarosch Bakery, an Elk Grove Village institution, in order to keep it running and in Elk Grove Village. Currently Jarosch Bakery is located in a roughly 6,500 square foot building at 35 S. Arlington Heights Rd. in Elk Grove Village and has approximately 55 to 65 employees (roughly 45 full-time; roughly 20 part-time). The plan is to close the 35 S. Arlington Heights Rd. site and move all production to the subject property with all roughly 30 to 40 current production employees moving to the same. Additionally, the Applicant plans to open a new retail outlet in the Plaza that will have the roughly 15 to 25 current retail employees. This retail site will generate a significant sales tax. Please note that both Ideal Bakery and Jarosch Bakery will be occupying the subject property. In addition, both will look to hire all qualified Elk Grove Village residents for future hires. Elk Grove Village can also expect that Ideal Bakery and Jarosch Bakery and their employees will invest commercially back into the community by visiting local establishments such as restaurants, gas stations, grocery stores and more. In addition, Elk Grove Village can expect that Ideal Bakery and Jarosch Bakery will attract business and various customers to the Village in the course of their operations. SARNOFF BACCASH Based on our research and the additional costs that must be incurred to rehabilitate the property and building in order for this to be a successful endeavor, the Applicant must possess a new 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 in support and consent of a new Class 6b Incentive for the subject property based on occupation of an abandoned property that has been vacant for greater than 12 continuous months without a purchase for value and with special circumstances and substantial rehabilitation. Petition Form for Class 6B Program For Office Use Only Address of Subject Property: Signed Affidavit Dated: To the Applicant: Anyone who intends to submit a request for a Cook County Class 6B Property Tax Abatement within the corporate limits of the Village of Elk Grove Village must first complete this petition in all its entirety. The contents of this petition are as follows: Petition Detailed Letter of Transmittal Property Tax Analysis Eligibility Checklist $1,000 Filing Fee Please read the entire form and complete every section as thoroughly as possible. If you have any questions, please call Sue Dees, Director of Business Development & Marketing, at 847-357-4005. "-''f ` PETITION FOR COOK COUNTY CLASS 6B VILLAGE OF ELK GROVE VILLAGE We, the undersigned, being owners of record of the following described real estate, do hereby request that the following business and legally described real estate be granted a Cook County Class 6B Property Tax Abatement: Business: Kazko Holdings, LLC Address: 1250 Pratt Blvd., Elk Grove Villa-ge, Illinois 60007 Permanent Real Estate Tax Index No. 08-34-400-026-0000 Assessed Valuation 20 24 $193,940 (last 3 years) 20 23 S 193,940 20 22 $193,940 • Attach Legal Description of Property Owners of Record: Print Name: Chris Kowal Si ature: 1250 Pratt Blvd., Elk Grove Village, Illinois 60007 (Address City, State) Phone: 815-272-1642 Email: Chris@idealbakery.net Fax: Business Applicant's Name: Print Name: Ck/&S (Co tXR L Signature: KLIKOW, Inc. Ideal Bakery Enterprises, Inc. and K41rlte w, Inc. Business/Corporation Name 1250 Pratt Blvd., Elk Grove Village, Illinois 60007 (Address City, State) Phone:815-272-1642 Email: Chris@idealbakery.net Disclosure of Ownership 1. When submitting documentation required for the Cook County Class 6B Property Tax Abatement Program, the applicant is required to submit all required and supporting documentation for the application. The applicant is REQUIRED to submit the following information: ❑ A Letter of Transmittal detailing the existing and intended use of the property, reason for Class 613, property alterations, pertinent business operational information, or any information of note that may be beneficial for staff and the Village Board. ❑ Completion of the Class 613 Eligibility Checklist for the property in question. ❑ Completion of the property tax analysis spreadsheet. ❑ Current property photographs and renderings of property/building modifications, if applicable. ❑ Proposed Site Plan, if applicable. If property is: ❑ Owned by the individual(s); y Title Tract Search, or One copy of the latest recorded deed with affidavit ❑ Administered by a trust; s One certified copy of the trust agreement, trust deed and a list of beneficiaries Has the property been, or is now, the subject of any other action by the Village? None that the Applicant is If YES, give details on a separate sheet of paper. aware of at this time �Vt�pOE Y/� CE, °•'."p° ""�r� VILLAGE OF ELK GROVE VILLAGE, ILLINOIS Petition for Cook County Class 611 Property Tax Abatement The Village of Elk Grove prides itself on being a business friendly community. As such, the Village supports the use of the Cook County Class 6B Tax Abatement in cases where it is established that a tax disparity exists and is detrimental to tenancy and where the project presents a clear benefit to the community. The Village reserves the right to review applications and render its approval or disapproval based on the information provided. Adhering to all Village codes and ordinances with respect to building and landscaping alterations is required. Furthermore, proposed building and landscaping construction must follow the design guidelines promulgated in the Industrial and Commercial Revitalization Master Plan Update for 2011. Proposed enhancements should be in accordance with the attached Industrial Design Guidelines Packet. The purpose of the Cook County Class 6B Property Tax Abatement Program is to stimulate the re - occupancy of vacated industrial buildings through a reduction in property taxes. Property approved for Class 6B status allows the owner of the property to have the assessment level lowered for a period of twelve years. Under the program the assessment schedule is 10% of fair market value for ten years then 15% in the eleventh year and 20% in the twelfth year. Industrial property is regularly assessed at 25% of fair market value in Cook County. I - INITIATION: The following procedures are necessary for a completed petition for Cook County Class 6B Property Tax Abatement consideration: A. Documents required: 1. Petition (attached) completed in full 2. Detailed Letter of Transmittal demostraing need for the incentive "But For Clause." 3. Completion of Class 6B Eligibility Checklist 5. Legal description of the property. 6. Photographs, both aerial and land based, of the area for which the property tax exemption is requested 7. Detailed rehabilitation plans with color elevations and site plan 8. Detailed rehabilitation budget showing itemized total cost 9. Detailed landscaping plan and signage plan with color elevcations 10. For new construction, detailed colored elevations and an architectural site plan B. Fees: Submit a check made payable to the Village of Elk Grove Village to meet the following: 1. $1,000.00 filing fee. Documents and fees are to be submitted to the Village Manager's Office, Attn: Director of Marketing & Business Development, 901 Wellington, Elk Grove Village, Illinois 60007. II - REVIEW AND PROCESSING Upon receipt of the petition for Cook County Class 6B Property Tax Abatement and fee, the Director of Business Development & Marketing will: A. Examine the request for compliance with the above requirements for information, documents and fees. Incomplete inquiries will be returned to the petitioner or applicant for their action. Step "B" will be taken when all petition requirements have been fulfilled. B. Distribute petition and required documents for departmental review and comment by Village Manager's Office, Community Development, Public Works, and Finance. Departments will submit written comments to Director of Business Development & Marketing. C. Department comments will be communicated to applicant for correction. D. When your application is determined to be complete by staff, the petition will be presented to the Mayor & Board of Trustees at the next regularly scheduled Village Board Meeting for consideration. E. Fully completed petitions will be reviewed by the Mayor & Board of Trustees to ensure that the project has a clear and demonstrated benefit to the community. If the project is deemed to have merit and the Applicant has demonstrated that the project could not occur without the assistance provided by the Cook County Class 6B Property Tax Abatement, then the Mayor & Board of Trustees will provide the applicant with a Letter of Receipt from the Village. This letter may be used to inform the Cook County Assessor's Office that Elk Grove Village is in receipt of the Applicant's request for a Cook County Class 6B Property Tax Abatement. The Letter of Receipt is not a guarantee of approval and the Applicant can move ahead with their project at their own risk. F. The Village will maintain contact with the applicant to ensure that the stated obligations have been met. G. Once the stated obligations have been met, Village staff will present a Resolution of Support to the Mayor & Board of Trustees at a regularly scheduled Village Board Meeting for consideration. III -FINAL ACTION Upon their review, the Mayor and Board of Trustees at a Village Board Meeting will: A. Deny the request B. Approve the request with or without modification C. Adopt appropriate resolution If approved, the Applicant will receive a certified copy of the Village's Resolution in support of the Cook County Class 6B Property Tax Abatement. NOTE: While the Village will do its best to expedite the review and approval process, applicants should allow at least 30 days for review by staff and consideration by the Mayor & Board of Trustees. Furthermore, additional time may be needed depending on the complexity of the development. �V4�QOYEYr�'Cf VILLAGE OF ELK GROVE VILLAGE, ILLINOIS Petition for Cook County Class 6B Property Tax Abatement Eligibility Checklist In order to be considered for the Cook County Class 613 Property Tax Abatement, the Eligibility Checklist must be completed. The initial application must score 16 out of 16 points. Each item will receive 1 point for Yes and 0 points for No. Packet Item Yes No Letter of Transmittal x Name of the Applying Company x Current and Proposed Location/Address of the Applicant x Proposed Use of the Property x Proof of Vacancy x Job Creation and Retention Data (excluding one-time construction jobs) x Total Project Cost of Proposed Improvements (exclude landpurchase) x Proposed Detailed Construction Budget of Proposed Improvements x Proposed Landscape Budget and Plan x Total Square Footage of the Building x Current Color Photographs of the Building x Prior Five Years of Tax History x Breakdown of Taxes Paid Occupied With 613 v. Occupied Without 613 x Tax PIN x Legal Description x Letter from Applicant Explaining the Need for the Tax Abatement on Company Letterhead x Application Fee of $1,000 x Total Points 17 Below is a list of recommended items to be included in your Letter of Transmittal as part of the submission: • Nature of the proposed operation. • Documentation detailing how long the building has been vacant. • Owner occupied or leased. • Justification explaining the need for the property tax abatement. • Note if retail sales will take place at the proposed location. • Proposed number of employees, which should include full-time and part-time, as well as any potential growth and time -frame for filling new positions. • Detailed breakdown of what needs to be done to the property to make it suitable for the proposed operation. • How the proposed improvements conform with the Village's Industrial/Commercial Revitalization Master Plan. • How the proposed improvements will increase the valuation of the property. • How the neighboring businesses will benefit from the proposed improvements. Elk Grove Village Class 613 Property Tax Terms and Agreement 1250 Pratt Blvd., Elk Grove Village, Illinois 60007 The APPLICANT shall perform the WORK upon the SUBJECT PROPERTY located at in accordance with the PLANS and in full compliance with all applicable codes, ordinances, rules, regulations, permits, and plans as outlined in Attachment A, imposed by the VILLAGE, and shall complete the WORK in a good and workmanlike manner or risk voiding this agreement. The WORK shall include all building and landscaping alterations as proposed by the APPLICANT in exchange for the VILLAGE'S approval of a Cook County Class 613 Property Tax Abatement. The APPLICANT, will be issued a Lctter of Receipt upon submission of a completed Elk Grove Village Class 6B Application Packet. This letter may be used to inform the Cook County Assessor's Office that the Village of Elk Grove is in receipt of the Applicant's request for a Cook County Class 613 Property Tax Abatement. The Letter of Receipt is not a guarantee of final approval and the Applicant may move ahead with their project at their own risk. The Letter of Receipt will serve as official notice that the APPLICANT is eligible for the incentive; however, final approval is not complete until there is an official Resolution passed by the Village. The Resolution will not be executed until such time all proposed work is complete. The APPLICANT has 365 days from the execution of this Agreement to complete all proposed alterations and submit a full accounting of costs. If costs are not consistent with promises made in the original application, the APPLICANT may not be granted a final resolution of 613 approval. This AGREEMENT sets forth all the promises, inducements, agreements, conditions and undertaking between the APPLICANT and the VILLAGE relative to the subject matter thereof, and there are no promises, agreements, conditions or understandings, either oral or written, expressed or implied, between them, other than as set forth herein. No subsequent alteration, amendment, change or addition to this AGREEMENT shall be binding upon the PARTIES hereto unless authorized in accordance with the law and reduced in writing and signed by them. In WITNES$,WHEREOF, th/parties hereto have executed this Agreement as set forth below: Village of Elk Gryve Village 901 Wellington ven j Elk Grove Villa e, IL 7 Elk Grove Village, IL 60007 Signed: Signed: Name: Craig B. Johnson Name: 427,YY Z —10r 140 vVA L Title: Mayor Title: (P(Z.0 S 1002 n/ T Date: Date: Attest: . Lorrie Murphy, Village �i`erk � `GpOYE VIA Elk Grove Village Class 6B Property Tax Terms and Agreement Terms & Conditions Attachment A The WORK must be completed in accordance with the application packet submitted. Any alteration of the proposed work requires Village approval. Please note all improvements must conform to the Village codes and ordinances. At the time of plan review and permitting, the Village reserves the right to alter the applicant's plan to ensure conformity. The 6b will not be granted until all improvements are completed to the satisfaction of the Village. The APPLICANT shall perform the WORK upon the SUBJECT PROPERTY as outlined below and shown in the 6b Application Packet... -The man doors on the west side of the building must have a 48" wide minimum concrete sidewalk leading to a paved surface. -The stone and gravel along the west side of the building must be removed and the area restored to grass. -The concrete loading dock is cracking and in need of replacement. -The catch basin in the loading dock appears to not be in working order. It must be repaired and in working order. -The railings along the loading dock must be replaced and painted. -The section of the loading dock retaining wall is damaged and in need of repair. -The parking lot needs minor patching, a seal coat, and restriping. -The rear ditch must be cleared of all invasive species, trees, shrubs, and any debris and restored with IDOT type 4/4A seed and erosion control blanket. -There is a dead tree in the north east corner of the parking lot that needs to be removed. -The landscaping will need to be updated. -Improve the exterior. AFFIDAVIT 1, Chris Kowa], if called to testify would attest to the following facts: I . That 1 am a Manager of Karko I loldings, LLC, that owns the property located at 1250 Pratt Blvd. in Elk Grove Village, Illinois (PINS: 08-34400-026-0000) ("Subject Property") 2. That the prior occupant of the Subject Property was Continental Bindery. 3. That as of August 1st, 2023, Continental Bindery completely vacated the Subject Property. 4. That since August 1 st, 2023, the Subject Property and has been 100% vacant and unused. Further Affiant Saycth Not L� Chris Kowal Date: S12, L Y Subscribed and sworn before me This 5th day of August , 2024 Signature of Notary Public DA"" B.LAHL OFFICIAL SEAL S„ Notary Publb - St of Illinois auvod My Commission F�cpires l ��__Y Jenu 19, M Legal Description, Site and Building Square Footage The total land area of the subject parcel located at 1250 Pratt Blvd. in Elk Grove Village, Illinois (PINS: 08-34-400-026-0000) is approximately 53,200 square feet, and the total building area of the existing structure located thereon is approximately 31,000 square feet. Below please find the legal description of the subject property. THE WEST 46 FEET OF LOT 17, ALL OF LOT 18 AND THE EAST 44 FEET OF LOT 19 IN CENTEX INDUSTRIAL PARK UNIT 22, IN SECTION 34, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. a vd e ica Am.arcnitects interwork D NOTES - PRELIMANARY LANDSCAPE... NEW MONUMENT SIGN 7 WHITE DOGWOOD TREES -NEW WINTER GEM BOXWOODS -NEW SEVERAL TO COUPLE DOZEN/AS NEEDED MARIGOLDS, PETUNIAS, CELOSIA, AND VINCAS EXISTING TREES PERENNIALS -HYDRANGEAS I7I OR MOREIAS NEEDED SEAL COAT & RESTRIPE ENTIRE EXIST. PARKING LOT REPLACE CONC. RAMP REPAIR EXIST. CONC. RETAINING WALL REPLACE RAILING CONTINUOUS CONC. WALK ALONG WEST SIDE TO NORTH EXIT DOOR REMOVE ALL INVASIVE SPECIES. TREES, SHRUBS. AND ANY DEBRIS AND RESTORED W/ IDOT TYPE PREIIMINARYLANDSACPEPLAN IDEAL BAKERY DATE OB.06.2024 REV► 1250PRAKTBLVD. PROJ/ 2410.OD1.000 ELK GROVE VILLAGEJL 6007 SHEET PR-1.0 Am.architects interwork inr oNsw.c�a'�ocea�ris�usoou EAST ELEVATION 1" -10,4, COLOR SCHEDULE KEYED NOTES - PRELIMINARY PLAN NEW METAL CLADDING 0 C� © DRWESIGN CHARCOAL DRI-0ESIGN "CRYSCAPE" DRFDESIGN" CEDAR" - El E2 E3 EI ES E6 NEW WOOD GRAIN METAL CLADDING PANT ON EXIAING MASONRY TO MATCH COLOR B. CHARCOAL GREY IOW X 12'H DRNE-N DOOR NEW LETTER SIGN NEW MONUMENT SIGN PREUINARY ELEVATIONS - OPT 4 IDEAL BAKERY DATE 08,06.2024 REV# 1250 PRATT BLVD. PROJ f 2/10.001.000 ELK GROVE VILLAGE, IL 6007 SHEET PR4.I WEST ELEVATION I" = To,-o„ NORTH ELEVATION COLOR SCHEDULE KEYED NOTES - PRELIMINARY PLAN El NEW METAL CLADDING OO DRFOESIGN"CHARCOAL E2 NEW WOOD GRAIN METAL CLADDING E3 PAINT ON EXISTING MASONRY TO MATCH COLOR OO DRIOESIGN"CITYSCAPE' E4 B. CHARCOAL GREY 10W X 17H DRIVE-IN DOOR Am.interwork architects ES NEW LETTER SIGN " s © DRTOESIGN' CEDAR- EIS NEW MONUMENENT SIGN PRELIANNARY ELEVATION -OPT-4 IDEAL BAKERY DATE 08,06,2024 REV# 1250 PRATT BLVD. PROJ# 2410,001400 ELK GROVE VILLAGE, IL 6007 SHEET PR-4.2 AAA.arcnitects interwork 3D•VIEW • OPT4 IDEAL BAKERY DATE 08.06.2024 W� 1 REVS 1250 PRATE BLVD. PROJ E 2410.0011= ELK GROVE VILLAGE. IL 6007 SHEET PR4.3 1250 Pratt Blvd., Elk Grove Villaqe, Illinois (PIN: 08-34-400-026-0000) Tax Year Taxes 2023 $49,249.55 2022 $47,386.03 2021 $43, 027.99 2020 $41,449.06 2019 $37,735.81 Coo< Ccunty Popery Tax Po- x + E C cookcountypropertyinfo.com/pinresults.aspx Property Characteristics for PIN: 08-34-400-026-0000 PROPERTY ADDRESS 1250 PRATT BLVD ELK GROVE VILLAGE 60007 Township: ELK GROVE MAILING ADDRESS KAZKO HOLDINGS LLC 0 See comparable properties 1250 PRATT BLVD and other information on ELK GROVE VL, IL 60007 COONEWER Update Name or Mailing Address TAX BILLED AMOUNTS & TAX HISTORY 2023: S49,249.55 Paid in Full 2022: S47,386.03 Paid in Full 2021: S43,027.99 Payment History 2020: S41,449.06 Payment History 2019: S37,735.81 Payment History 2018: S33,849.31 Payment History `=(1st Install Only) More Tax Bill Information ❑ X Search Again ! Tax Calculator : More Property Charactensdc Information PROPERTY CHARACTERISTICS CURRENT INFORMATION Assessed Value: 193.940 12023 Assessor Certdied I Assessment Information: 193.940 Estimated Property Value: $1,939,400 Assessed Value History Lot Size (SgFt): 53,200 Building (SgFt): Property Class: 6-63 Property Class Description Tax Rate: 8.419 Tax Rate History Tax Code: 16035 Taxing Districts' Financial Statements Tax Rate Information EXEMPTIONS APPEALS 2023: 0 Exemptions Received 2023: Not Available 2022: 0 Exemptions Received 2022: Not Available 2021: OExemptions Received 2021: NotAvallable 2020: 0 Exemptions Received 2020: Appeal Filed 2019: 0 Exemptions Received 2019: Not Available 2018: 0 Exemptions Received 2018: Not Available More Exemption Information More Appeal Information 1250 Pratt Blvd., Elk Grove Villaqe, Illinois (PIN: 08-34-400-026-0000) Year Estimated Market Value Estimated Tax Rate Estimated Multiplier Estimated Tax Without The Class 6b Incentive Estimated Taxesl Square Foot Without The Class 6b Incentive Estimated Tax With The Class 6b Incentive Estimated Taxes/ Square Foot With The Class fib Incentive Estimated Taxes With 100 % Vacancy Relief Estimated Taxes/Square Foot With 100 % Vacancy Relief Estimated Building Square Feet 2025' S4.500, 000 8.419% 3.0163 $285,685 $9.22 $114,274 S3.69 $45.780 S1.48 31.000 2026 $4,500,000 8A19% 3.0163 $285,685 $9.22 $114,274 53.69 $45,780 $1.48 31,000 2027 $4.500.000 8.419% 3.0163 $285,685 $9.22 $114,274 S369 $45.780 5148 31_000 2028' $5,400,000 8.419% 3.0163 $342,822 $11.06 $137,129 $4.42 $54,936 $1.77 31,000 2029 $5.400,000 8.419% 3.0163 $342,822 $11.06 $137,129 54.42 $54,936 S1.77 31.000 2030 $5,400,000 8.419% 3.0163 $342,822 511.06 $137,129 $4.42 $54,936 $1.77 31.000 2031' 56480,000 8.419% 3.0163 $411,387 $13,27 $164,555 S5.31 $65,923 52.13 31.000 2032 56.480,000 8.419% 3.0163 $411,387 $13.27 $164,555 $5.31 $65.923 $2.13 31.000 2033 $6,480,000 8.419% 3.0163 $411,387 $13271 $164,555 $5,31 $65,923 $2.13 31,000 2034' $7,776,000 8.419% 3.0163 $493.664 515.92 $197,466 $6,37 $79,107 52.55 31.000 2035 $7,776.000 8.419% 3.0163 $493,664 $15.92 $296,198 $9.55 $79,107 S2.55 31,000 15 %Assessment in year 11 2036 $7.776, 000 8.419% 3.0163 $493,664 S15.92 $394,931 S12.74 $79,107 $2.55 31.000 20 % Assessment in year 12 Totals 1 $4,600,673 1 $2.136,467 $737,236 'Denotes Reassessment Year. Assumptions: 1. 2023 tax rate and 2023 multiplier. 2. Market value based on a $3,000,000 purchase price along with approximately $1,500,000 of improvements and increasing 20% per reassessment year. 3. Taxes based on 100 % vacancy are based on the initial 2024 Cook County Assessors Office assessed valuation with 90% of the building assessed value removed, and increasing 20 % per reassessment year. 1250 PRATT BLVD IMPROVEMENT BUDGET JOB COST PAINTING OF 2 SIDES $357000.00 CHARCOAL PANELS $40,000.00 BROWN HORIZONTAL PLANKS $5,000.00 WEST SIDE SIDEWALK $167000.00 LANDSCAPING $5,000.00 PARKING LOT SEAL COATING $25,000.00 DOCK CEMENT AND UPGRADES $35,000.00 TOTAL $161,000.00 COOK COUNTY DISCLOSURE OF OWNERSHIP INTEREST STATEMENT The Cook County Code of Ordinances (§2-610 et seq.) requires that any Applicant for any County Action must disclose information conceming ownership interests in the Applicant. This Disclosure of Ownership Interest Statement must be completed with all information current as of the date this Statement is signed. Furthermore, this Statement must be kept current, by filing an amended Statement, until such time as the County Board or County Agency shall take action on the application. The information contained in this Statement will be maintained in a database and made available for public viewing. County reserves the right to request additional information to verify veracity of information containted in this statement. If you are asked to list names, but there are no applicable names to list, you must state NONE. An incomplete Statement will be retumed and any action regarding this contract will be delayed. A failure to fully comply with the ordinance may result in the action taken by the County Board or County Agency being voided. 'Applicant' means any Entity or person making an application to the County for any County Action. 'County Action' means any action by a County Agency, a County Department, or the County Board regarding an ordinance or ordinance amendment, a County Board approval, or other County agency approval, with respect to contracts, leases, or sale or Purchase of real estate. 'Person' Entity" or'Legal EntiV means a sole proprietorship, corporation, partnership, association, business trust, estate, two or more persons having a joint or common interest, trustee of a land trust, other commercial or legal entity or any beneficiary or beneficiaries thereof. This Disclosure of Ownership Interest Statement must be submitted by: 1. An Applicant for County Action and 2. A Person that holds stock or a beneficial interest in the Applicant and is listed on the Applicant's Statement (a 'Holder') must file a Statement and complete #1 only under Ownership Interest Declaration. Please print or type responses clearly and legibly. Add additional pages if needed, being careful to identify each portion of the form to which each additional page refers. This Statement is being made by the [ V ] Applicant or This Statement is an: [ \/] Original Statement or [ Identifying Information: ] Stock/Beneficial Interest Holder ] Amended Statement Name 1 9 2V0 HQ L D/ M lJ S, L L C DB/A: FEIN # Only: 47 - Y l' 6 y 0 j6 Street Address: I2-Q City: L L VC 642D V& V 1 t- (. A& State: [L Zip Code: 0 0 0 0 7 L Phone No.: l$ [ S 1L� Z' �6yZ Fax Number. Email: & n-' S @ i � the be, [g V,✓tLf _I Cook County Business Registration Number: N (Sole Proprietor, Joint Venture Partnership) Corporate File Number (if applicable): Form of Legal Entity: [ ] Sole Proprietor Partnership ( ] Business Trust [ ] Estate [� Other (describe) L L C DISCLOSURE OF OWNERSHIP INTEREST - t Corporation [ ] Association ( ] Trustee of Land Trust [ ] Joint Venture MCamScanner Ownership Interest Declaration: 1. List the name(s), address, and percent ownership of each Person having a legal or beneficial interest (including ownership) of more than five percent (5%) in the Applicant/Holder. Name Address Percentage Interest in Applicant/Holder k22YSZTOF Q IAA 9S1 CRPlAgiolAL dAJ gDWJ&WOV-,IL 60Ny0 900/0 �1ACIo�A W M K Yq P0Ai0 U A I-)(L CoMr'0VIL-(` , IC- C'pg44 Do v - 2. If the interest of any Person listed in (1) above is held as an agent or agents, or a nominee or nominees, list the name and address of the principal on whose behalf the interest is held. Name of Agent[Nominee Name of Principal Principal's Address 3. Is the Applicant constructively controlled by another person or Legal Entity? [ ] Yes [ V ] No If yes, state the name, address and percentage of beneficial interest of such person, and the relationship under which such control is being or may be exercised. Name Address Percentage of Relationship Beneficial Interest Corporate Officers, Members and Partners Information: For all corporations, list the names, addresses, and terms for all corporate officers. For all limited liability companies, list the names, addresses for all members. For all partnerships and joint ventures, list the names, addresses, for each partner or joint venture. Name Address Title (specify title of Term of Office Office, or whether manager or partnerfloint venture) I(i1,2yj-� j0 ^ I[9�-►AL `1 u am-Fl obi-1 0 M11kN A (rrz9- ,UpV1l►z MA21OLA VL_iMt:,'\� cad ONDFLQJ�a o(L ((prvtPOVJLL�fl(.. 60N4L M4NA(0;1/ NJD"/ Declaration (check the applicable box): I state under oath that the Applicant has withheld no disclosure as to ownership interest in the Applicant nor reserved any information, data or plan as to the intended use or purpose for which the Applicant seeks County Board or other County Agency action. [ J I state under oath that the Holder has withheld no disclosure as to ownership interest nor reserved any information required to be disclosed. DISCLOSURE OF OWNERSHIP INTEREST - 2 MCamScanner REAL ESTATE OWNERSHIP DISCLOSURES. The Applicant must indicate by checking the appropriate provision below and providing all required information that either. a) The following is a complete list of all real estate owned by the Applicant in Cook County: \ PERMANENT INDEX NUMBER(S): o —�q - L100 —OZ6r 0,0 00 07Z<O PP) T 13L ✓ li Brl rqI6S (vl�cl,Jp�lil,(z2� (ATTACH SHEET IF NECESSARY TO LIST ADDITIONAL INDEX NUMBERS) OR: b) The Applicant owns no real estate in Cook County. 2. EXCEPTIONS TO CERTIFICATIONS OR DISCLOSURES. If the Applicant is unable to certify to any of the Certifications or any other statements contained in this EDS and not explained elsewhere in this EDS, the Applicant must explain below: If the letters, 'NA", the word "None" or "No Response' appears above, or if the space is left blank, it will be conclusively presumed that the Applicant certified to all Certifications and other statements contained in this EDS. DISCLOSURE OF OWNERSHIP INTEREST - 3 MCamScanner COOK COUNTY DISCLOSURE OF OWNERSHIP INTEREST STATEMENT SIGNATURE PAGE Namr of Autlanzed Apphcan Moldat Roprosr.ntatrvo (ploa%o prim or typo) TOR) Signature Dale / �INf.`�'IJt:�,IhC,l:i,y,.1ef l ��� Z -�GqZ E-mail address Phone Number Subscribed to and swom before m•! this Sth day of _u�_ 20 24 X Notary P. sc Signature OISGLOSuRE OF OWNERSHIP INTEREST - 4 My Mmmissv;,n DMID B. LAHL OFFICIAL SEAL Notary Public • State of II'mc r mn my Gm ommstort ExM Notary ,Jams2025