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Home My WebLink AboutRESOLUTION - 57-24 - 9/10/2024 - 135 BOND STREET, CLASS 6BRESOLUTION NO. 57-24 A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 611 STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE AS AMENDED JULY 27, 2018 FOR CERTAIN REAL ESTATE LOCATED AT 135 BOND STREET, 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 135 Bond Street, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-22- 301-010-0000, 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 135 Bond Street, Elk Grove Village, Cook County, Illinois, and identified by Property Index Number 08-22-301-010-0000, 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 613 Tax Incentive Ordinance is necessary for the said development to occur on the subject property, legally described as follows: THE SOUTH 300 FEET OF LOT 21 AND 22 (EXCEPT THE SOUTH 125 FEET THEREOF) IN HIGGINS ROAD COMMERCIAL SUBDIVISION UNIT NUMBER 1, BEING A SUBDIVISION IN THE WEST HALF OF SECTION 22, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL 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 Number 08- 22-301-010-0000. 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 subject to the petitioner completing the following conditions within twelve months of closing: a. Improvements include new fagade, and exterior lighting; b. Update the landscaping and clean out the rear drainage ditch; c. Repair the parking lot and add new storm drains; d. Add new ADA accessible walkways to the front entryways; e. New concrete dock drive and aprons. 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 loth day of September 2024 APPROVED this loth day of September 2024 APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Loretta M. Murphy, Village Clerk ($) SARNOFF August 23, 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 Woodley Bond St LLC 135 Bond St. Elk Grove Village, Illinois 60007 PIN: 08-22-301-010-0000 Dear Sue: Woodley Bond St LLC ("Applicant") is requesting a Resolution supporting and consenting to a Class 6b Incentive on the above -referenced property based on occupation of an abandoned property that has been vacant for greater than 24 continuous months with a purchase for value and with substantial rehabilitation. The Applicant plans on purchasing the subject property and rehabilitating the same for its related entity, Mastercraft Custom Floors Inc., to occupy for its industrial use consisting of the assembly, warehousing and distribution of wood flooring. The subject property is approximately 25,000 square feet with an approximately 12,000 square foot building that has been 100% vacant and unused since 2020. The subject property is in need of substantial rehabilitation. Therefore, the Applicant plans to spend approximately $275,000 to $325,000 to immediately rehabilitate and improve the subject property. Based on initial inspections these improvements will be to update the landscaping, update/improve the fagade, add new drive aprons per Elk Grove Village standards, add new ADA accessible walkways, repair the parking lot, add new storm drains, clear rear ditch, add new exterior lighting and significantly improve the interior of the building as well as to complete other general maintenance. See attached drawings and estimated improvement budget. 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. Mastercraft Custom Floors Inc. currently leases approximately 4,300 square feet in Bensenville and needs more space to fit its growth plans. Therefore, the Applicant plans to rehabilitate the subject property to meet Mastercraft Custom Floors Inc.'s needs and it will move its entire operation to the same. Currently, Mastercraft Custom Floors Inc. has 7 employees (all full-time) and plans to bring all of these employees to the subject property and to hire an additional 2 to 3 employees within the first two years of operations. Should growth continue as expected, Mastercraft Custom Floors Inc. plans to have a total of 15 employees at full capacity at the subject property. Additionally, Mastercraft Custom Floors Inc. will look to hire all qualified Elk Grove Village residents for future hires. 100 N. LASALLE STREET, 10TH FLOOR, CHICAGO, IL 60602 (312) 782-8310 WWW.SARNOFFPROPERTYTAX.COM s SARNOFF PROPERTY TAX Sue Dees August 23, 2024 Page Two Elk Grove Village can also expect that Mastercraft Custom Floors Inc. and its 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 Mastercraft Custom Floors Inc. will attract business and various customers to the Village in the course of its operations. As the above indicates, there are various benefits Elk Grove Village will receive should the Applicant be granted the Class 6b Incentive. The Applicant is excited to move forward with the purchase, rehabilitation and reoccupation of the subject property. However, the above is all contingent on the Applicant receiving a 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 613 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. Estimated construction budget. 7. List of the subject property's taxes for the past five years, including a Cook County print- out. 8. Estimated taxes on the subject property with and without the Class 6b Incentive and with 100% vacancy relief. 9. Cook County Disclosure of Ownership Interest Statement. 10. $1,000.00 filing fee. Should you have any questions or concerns, do not hesitate to contact me at (312) 782-8310. Sincerely, SARNOFF PROPERTY TAX �`-- �� ?� Zachary A. Kafitz 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. 11?'1'1 TION FOR COOK COUNTV CLASS 6R VILLAGE, OF F.LK GROVE, VILLAGE \1 c, the undersigned. being o%Niiers of'record of the 1611owing described reel estate, dry hereby request that the follm\ ing IIIISIness and legally described real estate he granted a Cook County Class 6B Property Tay MMtcmcnt: 13u.incss: \ txXileBond tit l U, :Address: 135 Bond St., hlk Grove Village. Illinois 60007 Permanent Real Estate Tax Index No. 08-22-301-010-0000 Assessed Valuation 2024 $195,001 (Iasi 3 rears) 20 23 $195,001 20 22 $195,001 • Attach Legal Description of Property Owners of Record: Print Name: Willam C. Thomas /�J Si nature: an� 1314 N. Lama lane, Mount Prospect, Illinois 60056 (Address City, State) Phone: 847 421-9254 Business Applicant's Name: Print Name: Alex Idriz Woodley Bond St LLC Fax: Business/Corporation Name 135 Bond St., Elk Grove Village, Illinois 60007 (Address City, State) Phone: 847-338-9934 Fax: Ismail: mastercraftcustomfloors ci gmail.com 'SOPf YJ Disclosure of Ownership 1. When submitting documentation required for the Cook County Class 613 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 6B, 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 b, a�st; y 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 „aoVEY c 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 613 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 613 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. VILLAGE OF ELK GROVE VILLAGE, ILLINOIS Petition for Cook County Class 613 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. 1� Elk Grove Village Class 613 Property Tax Terms and Agreement 135 Bond St., Elk Grove Village, Illinois 60007 The APPLICANT shall perform the WORK upon the SUBJECT PROPERTY located at in accordance NNith 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 Letter of Receipt upon submission of a completed Elk Grove Village Class 613 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 WITNESS yAHl�REOF,, He parties hereto have executed this Agreement as set forth below: Village of Elk Grove Vills e 901 Wellington venu Elk Grove Vil ge, IL 60007 Elk Grove Villa , IL 6( z - Signed: 7 Signed: Name: Craig B. o son Name: Title: Mayor Title: Date: Date: ,Q'1 / • t Attest: ( +( Clerk 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... 1. Both parking lot aprons will need to be removed and replaced to be brought up to current Village standards. 2. The parking lot is in disrepair and in need of reconstruction, as well as the drive aisles on both sides of the property lines. 3. Storm water detention in the parking lot will need to be provided. 4. both entrances into the building need to be ADA accessible. 5. The loading dock is in disrepair in need of replacement. It will need to be brought up to the current Elk Grove Village standards. 6. The drainage ditch shall be cleared of all invasive species, trees, shrubs, and any debris and restored IDOT type 4/4A seed and erosion control blanket. 7. Landscaping will need to be updated. 8. Please see renderings for fagade improvements. Thomas, if called to testify would attest to the following facts: That I am the successor trustee of Karl E. Thomas Trust, that owns the property 135 Bond St. in Elk Grove Village, Illinois (PINS: 08-22-301-010-0000) ("Subject That as of 6/1/2020, completely vacated the Subject Property. Further Afflant Sayeth Not William C. ;en� This 2a day of � 1� 2024 Legal Description, Site and Building Square Footage The total land area of the subject parcel located at 135 Bond St. in Elk Grove Village, Illinois (PINs: 08-22-301-010-0000) is approximately 25,000 square feet, and the total building area of the existing structure located thereon is approximately 12,000 square feet. Below please find the legal description of the subject property. THE SOUTH 300 FEET OF LOT 21 AND 22 (EXCEPT THE SOUTH 125 FEET THEREOF) IN HIGGINS ROAD COMMERCIAL SUBDIVISION UNIT NUMBER 1, BEING A SUBDIVISION IN THE WEST HALF OF SECTION 22, TOWNSHIP 41 NORTH, RAGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. I NEW LUN(BETE APRON WITHOUT CURB PER VITUAG STANDARDS NEW LANDSCAPE LANDSCAPE PLAN DETAILS EXIST. RETAINING TORE MAIN REPA NECCESSARY NEW ACCESSIBLE WALKWAY WITH RAILING OVER EXI RETAINING WALL NEW CONCRETEI DOCK DRIVE APR CURB PER VILLAG STANDARDS EXIST. RETAINING TO REMAIN, REPA - NECCESSARY NEW ACCESSIBLE WALKWAY WITH RAILING OVER EXI RETAINING WALL EXISTING PUBLIC TO REMAIN, EXCE NEW APPROACHE NEW CONCRETE E. APRON WITHOUT CURB PER VILLAGE STANDARDS L L RESURFACE AND RESTRIPE NEW STORM DRAIN IN -EXISTING DRIVE AND PARKING LOT AND IN EACH I PARKING LOT DRIVEWAY DRIVE E SEE FOR MORE - - - - WALL_ WAS NEW La STING NDUSTRIAI ON WITIEP-, -- - - - E WALL_ IF AS NEW _ STING WALK _ PT AT S 1 CLEAR DITCH TO CENTER LINE F(END OF PROPERTY LINE) H NEW STRIPING NEW WHEELSTOPS AT ALL PARKING SPACES ALONG BUILDING, TYP. PLAN N.T.S. NEW LANDSCAPE - SEE STOREFRONT EXTENDED TO NEW CONCRETE INDUSTRIAL LANDSCAPE PLAN FOR MATCH CANOPY HEIGHT DOCK DRIVE APRON WITHOUT MORE INFORMATION CURB PER VILLAGE STANDARDS COMPOSITE SLAT EXTERIOR CLADDING NEWEIFS SYSTEM OR STUCCO EXISTING BRICK) TO NEW MAPES CANOPY PAINT EXISTING DRIVE IN DOOR RETURN 7'-0" ON EACH END TO-`,, TO MATCH EIFS SYSTEM COVER BWK TRANSETK)NS. COLOR: WARM GRAY, NEW RAILi GTO�"% MATCH CA NEW ACCESSIBLE NEW METALSLATS WALL 1 1 1 I I I' 1 COMPOSITE SLAT STOREFRONT EXTENDED TO EXTERIOR CLADDING I MATCH CANOPY HEIGHT NEW COMPOSITE PANELS (NICHIHA OR SIMILAR). F-NEW MAPES CANOPY +s 145I 1 135 ' VMI .uy wrtiyE.. IX;STING tANDOWS NEWLANDSCAPE-SEE _ TORE MAIN TYP. - LANDSCAPE PLAN FOR IAORE INFORMATION f NEWCONNG. COLOR NEW EIFS SYSTEM OR STUCCO TO MATCH EIFS OR -' OVER EXISTING 8RWKj TO A'--. STUCCO PANES. RETURN V-0" ON EACH ENO TO COVER BRICK TRANSITIONS COLOR: WARM GRAY. NEW CONCRETE DR:VE APRON WITHOUT CURB PEP. VILLAGE — STANDARDS i NEW EIES SYSTEM OR STUCCO OVER EXISTING BRICIQTO — RETURN E'-O' ON EACH END TO COVER BRICK TRANSITIONS *,*COLOR NARMCIRAY, IOMPOSITE 1� m A69 NEW LED LIGHT NEW COMPOSITE PANELS FIXTURE I (NICHIHA OR SIMILAR'. i NEW MAPES METAL SLATS ABOVE EXISTING CANOPY? I RETAINING WALL TO MATCH NEV, CANOPY. • a5 13J NEWEIFSSYSIEMOR NEW LANDSCAPE SEE STUCCO OVER EXISTING — LANDSCAPE PLAN FOR BRICK. COLOR- WARM? GRAY I MORE INFORMATION EXISTING WINDOWS II NEW COPING, COLOR TO MATCH F. REMAIN. � EIFS PANELS. SIONIIII'30VIIIA 3AOdE))413 q 9 133HiS ONOB M r SNV'ld 3dVOSONVI - ti p < A < MH LLJ LL, LLJ < z 0 z LU < V) zo M", IMM MW N 0i 2 9 iz H < LU LLJ 0- < fy u V) 4n M L z < 0 < z a YOE z LU 0 U7 LU < I (L S? z l O sz R Z. -0 bz UgE� (Z) 0' V El .0 F1 z < — — — — — —- — CL LU CL et V) I Z 133NiS GN09 < 135 Bond St.. Elk Grove Villaae. Illinois (PIN: 08-22-301-010-0000) Improvement Budget Improvement Estimated Cost Repair the asphalt with 3 storm drains $65,000.00 Concrete/New sidewalks/Apron/Truck dock $30,000.00 Fagade $70,000.00 Landscaping $10,000.00 Other/Interior improvements $150,000.00 TOTAL $325,000 135 Bond St., Elk Grove Villaqe, Illinois (PIN: 08-22-301-010-0000) Tax Year Taxes 2023 $49, 518.79 2022 $47, 645.10 2021 $37,475.99 2020 $36,100.79 2019 $25,562.97 COOK County Propeny Tax cc- x + F C : cookcountypropertyinfo.com/pinresults.aspx Property Characteristics for PIN: 08-22-301-010-0000 PROPERTYADDRESS ❑ X Search Again I Tax Calculator I More Pronerty Characteristic information PROPERTY CHARACTERISTICS 135 BOND ST CURRENT INFORMATION ELK GROVE VILLAGE Assessed Value: 195,0D0 60007 .023 Assessor Certified; Township: ELK GROVE Assessment Information: 195,001 Estimated Property Value: $780,004 Assessed Value History MAILING ADDRESS Lot Size (SgFt): 25,000 Building (SgFt): KARL E THOMAS TRUST Property Class: 5-93 See comparable properties 1322 W STEEPLECHASE LN Property Class Description and other information on PALATINE, IL 60067 Tax Rate : 8.419 MMONEWER Tax Rate History Update Name or Mailing Address Tax Code: 16035 Taxing Districts' Financial Statements Tax Rate Information TAX BILLED AMOUNTS & TAX HISTORY 2023: $49,518.79 Paid Jr. FL6 2022: $47,645.10 Paid in Full 2021: $37,475.99 Payment History 2020: $36.100.79 Payment History 2019: $25,562.97 Payment History 2018: $25,649.21 Payment History =flst Install Only) More Tax Bill Information EXEMPTIONS 2023: 0 Exemptons Received 2022: 0 Exemptions Received 2021: 0 Exemptions Received 2020: 0 Exemptions Received 2019: 0 Exemptions Received 2018: 0 Exemptions Received More Exemption Information TAX SALE APPEALS 2023: Not Available 2022: Not Available 2021: Not Available 2020: Appeal Filed 2019: Not Available 2018: Not Available More Appeal Information 135 Bond St.. Elk Grove Villaae. Illinois (PIN- m-22-3n1-nin-nnnn► Year Estimated Market Value Estimated Tax Rate Estimated Multiplier Estimated Tax Without The Class 6b Incentive Estimated Taxes/ Square Foot Without The Class 6b Incentive Estimated Tax With The Class 6b Incentive Estimated Taxes/ Square Foot With The Class 6b Incentive Estimated Taxes With 100% Vacancy Relief Estimated Taxes/ Square Foot With 100 % Vacancy Relief Estimated Building Square Feet 2025' $1,296,004 8.419% 3,0163 $82,278 $6.86 $32,911 $2.74 $20,512 $1,71 12,000 2026 $1,296,004 8.419% 3,0163 $82,278 $6.86 $32,911 $2.74 $20,512 $1.71 12,000 2027 $1,296,004 8,419% 301631 $82,278 $6,86 $32,911 $2,74 $20,512 $1.71 12,000 2028' $1,555,205 8A19% 3.0163 $98,733 $8.23 $39,493 $329 $24,615 $2 05 12,000 2029 $1,555,205 8A19% 3.0163 $98,733 $8,23 $39,493 $3.29 $24,615 $2,05 12,000 2030 $11555,205 8.419% 3.0163 $98,733 $8.23 $39,493 $3.29 $24,615 $2.05 12,000 2031' $1,866,246 8.419% 3.0163 $118,480 $9.87 $47,392 $3.95 $29,538 $2A6 12,000 2032 $1,866,246 8A19% 3.0163 $118,480 $9.87 $47,392 $3.95 $29,538 $2.46 12,000 2033 $1,866,246 8,419% 3,0163 $118,480 $9.87 $47,392 $3.95 $29,538 $2,46 12,000 2034' $2,239,495 8,419% 3.0163 $142,176 $11.85 $56,870 $4 74 $35,445 $2 95 12,000 2035 $2,239,495 8.419% 3.0163 $142,176 $11.85 $85,306 $7.11 $35,445 $2.95 12,000 15 % Assessment in year 11 2036 $2,239,495 8.419% 3.0163 $142,176 $11,85 $113,740 $9,48 $35,446 $2.95 12,000 20 % Assessment in year 12 Totals $1,324, 998 $616,304 $330,328 "Denotes Reassessment Year. Assumptions: 1. 2023 tax rate and 2023 multiplier. 2. Market value based on the initial 2024 Cook County Assessor's Office assessed valuation along with approximately $300,000 of improvements and increasing 20 % per reassessment year. 3. Taxes based on 100 % vacancy are based on the initial 2024 Cook County Assessor's Office assessed valuation with 90 % of the building assessed value removed, and increasing 20% per reassessment year. COOK COUNTY DISCLOSURE OF OWNERSHIP INTEREST STATEMENT The Cook County Code of Ordinances (a2-610 et seq.) requires that any Applicant for any County Action must disclose information concerning 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 returned 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 Entity" 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 beina made by the I V 1 Annfir-nn+ — r , ---C-:_i This Statement is an: Identifying Informafftic Name v\ [ v] Original Statement or [ J Amended Statement el '-43 o ,1 GQ 55 'r L" I.Ci FEIN # Only: Street Address: J 6 z _I Col vop7b m e-- br City: S State: �. Phone No.: 7 ?! -/a V Fax Number: Zip Code: 6,D 1 -7.3 Email: A1RS+,a0rC,P0k c y q0M0 to-S C Jam;►. � �� Cook County Business Registration Number: (Sole Proprietor, Joint Venture Partnership) Corporate File Number (if applicable): Form of Legal Entity: [ ] Sole Proprietor [ ] Partnership [ ] Corporation [ ] Trustee of Land Trust [ ] Business Trust [ %%J rE'state [ ] Association [ ] Joint Venture [j Other (describe) f��y DISCLOSURE OF OWNERSHIP INTEREST - 1 Ownership Interest Declaration: 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 l bl q coiumbi,rNe- Sn6A u,-A)iAQ i L bo i-13 Percentage Interest in Applicant/Holder 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? [ �j Yes [ J 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 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 partner/joint venture) _lAr t L r'�'Lfi CUit, GIL4 A q Z MIA- �ol•at�A•�+...�� iL, bui-r3 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. [ ] 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 1. REAL ESTATE OWNERSHIP DISCLOSURES. The Applicant must indicate by checking the appropriate provision below and providing all required information that either: CS7:i a) The following is a complete list of all real estate owned by the Applicant in Cook County: PERMANENT INDEX NUMBER(S): (ATTACH SHEET IF NECESSARY TO LIST ADDITIONAL INDEX NUMBERS) 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 COOK COUNTY DISCLOSURE OF OWNERSHIP INTEREST STATEMENT SIGNATURE PAGE lNameAuthcrized r Ap icant/Holder Representative (please print or type) TitleDateL'ir4t�r}emu }„rn�to S� ��►M�fj, (_-0r,4+ 55+��- E-mail address Phone Number Subscribed to and sworn before me this day of , 20 X ota lic Signature DISCLOSURE OF OWNERSHIP INTEREST - 4 My commission expires: 1;Z . ,iq 2-&Z5- Notary Seal JENNIFER E YOON official Seal Notary Public - State of Il]2025 My Commission Expires Dec