Loading...
HomeMy WebLinkAboutRESOLUTION - 62-24 - 9/24/2024 - 1090 PRATT BOULEVARD CLASS 6BRESOLUTION NO.62-24 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 1090 PRATT BOULEVARD. ELK GROVE VILLAGE. ILLINOIS WHEREAS, the Village of Elk Grove Village desires to promote the development of industry in the Village of Elk Grove; and WHEREAS, the Cook County Assessor is operating under an ordinance enacted by the Cook County Board of Commissioners, and amended from time to time, the most recent amendment becoming effective as of July 27, 2018, which has instituted a program to encourage industrial and commercial development in Cook County known as the Cook County Real Property Classification Ordinance; and WHEREAS, the Petitioner has applied for or is applying for Class 6B property status pursuant to said aforementioned ordinance for certain real estate located at 1090 Pratt Boulevard, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08- 34-305-028-0000, 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 1090 Pratt Boulevard, Elk Grove Village, Cook County, Illinois, and identified by Property Index Number 08-34-305-028-0000, 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: LOTS 26 AND 27 AND THE EAST 6.25 FEET OF LOT 28 IN CENTEX INDUSTRIAL PARK UNIT 22, BEING A SUBDIVISION IN SECTION 34, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, EXCEPTING THEREFROM THAT PART OF LOT 26, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF SAID LOT 26; THENCE ON AN ASSUMED BEARING OF SOUTH O1 DEGREE, 21 MINUTES, 53 SECONDS EAST ALONG THE EAST LINE OF SAID LOT 26, A DISTANCE OF 260.01 FEET (260.0 FEET, RECORDED) TO THE SOUTHEASTERLY LINE OF LOT 26; THENCE SOUTHWESTERLY, A DISTANCE OF 1.75 FEET ALONG THE SOUTHEASTERLY LINE OF SAID LOT 26 ON A CURVE TO THE RIGHT HAVING A RADIUS OF 20.00 FEET, THE CHORD OF SAID CURVE BEARS SOUTH O1 DEGREE, 08 MINUTES, 12 SECONDS WEST, A DISTANCE OF 1.75 FEET TO THE POINT OF BEGINNING; THENCE CONTINUING SOUTHWESTERLY, A DISTANCE OF 29.67 FEET ALONG THE SOUTHEASTERLY LINE OF SAID LOT 26 ON A CURVE TO THE RIGHT HAVING A RADIUS OF 20.00 FEET, THE CHORD OF SAID CURVE BEARS SOUTH 46 DEGREES, 08 MINUTES, 14 SECONDS WEST, A DISTANCE OF 27.02 FEET TO THE SOUTH LINE OF LOT 26; THENCE SOUTH 88 DEGREES, 38 MINUTES, 10 SECONDS WEST ALONG THE SOUTH LINE OF SAID LOT 26, A DISTANCE OF 25.42 FEET; THENCE NORTH 82 DEGREES, 31 MINUTES, 24 SECONDS EAST, A DISTANCE OF 12.53 FEET, THENCE NORTHEASTERLY, A DISTANCE OF 37.83 FEET ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 51.42 FEET, THE CHORD OF SAID CURVE BEARS NORTH 61 DEGREES, 24 MINUTES, 31 SECONDS EAST, A DISTANCE OF 36.99 FEET TO THE POINT OF BEGINNING, 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- 34-305-028-0000. 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. Replacing the overhead garage door, reconstructing the sidewalk leading to main entrance; b. Removing the AC split system mounted on the exterior wall on the south side of building; c. Removing unused rail spur, resurfacing and expanding the existing parking lot, and adding a new one-way drive; d. Reconstructing the existing loading dock apron, installing 5 new windows, as well as updating landscaping and fagade; and e. Clean out rear drainage ditch. 2 Section 4: That this Resolution shall be in full force and effect from and after its passage and approval according to law. VOTE: AYES: 5 NAYS: 0 ABSTAIN: 1 ABSENT: 0 PASSED this 2411 day of September 2024 APPROVED this 2411 day of September 2024 APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Loretta M. Murphy, Village Clerk THE I.Aw OFSIOE8 OP LISTON & TSANTILIS A PROFESSIONAL OORPORATION 33 NOR= LASALI.E STREET. 46TH FLOOR CHICAGO. TIA-INOIS 606M BRIAN P. 1.1WrON (312) f580-1 G94 PETER T9AN=XA8 (312) 604-3606 PAO8IDdI1.E (312) 690-1MM September 6, 2024 VIA MAIL & EMAIL Elk Grove Village ATTN: Sue Dees 901 Wellington Avenue, Elk Grove Village, Illinois 60007 RE: Class 6b Resolution Reauest 1090 PRATT LLC 1090 Pratt Avenue Elk Grove Village, IL 60007 PIN: 08-34-305-028-0000 Dear Sue: 1090 PRATT LLC (the "Applicant") is the owner of the above -referenced property (the "Subject Property") and is requesting a Resolution from the Elk Grove Village supporting and consenting to a Class 6b Tax Incentive for the Subject Property based on Re -Occupation of Abandoned Property with Greater than 12 Months Vacancy with a Purchase for Value & Substantial Rehabilitation. The property currently consists of an approximately 24,974 square foot industrial facility, sited on 57,655 square feet of land. The property was built in 1965 and features 3,223 square feet of office space, 3,083 square foot air-conditioned showroom, two (2) interior docks, one (1) drive -in -door, 16' clear height, and approximately 32 vehicle parking stalls. The property is zoned I-2, Generalized industrial district which allows for a number of industrial uses. The site is strategically located at the intersection of Lively & Pratt Blvd for excellent corner visibility. The property was last occupied by Johnstone Supply, who began winding down its business in 2022 and fully vacated the site but for dead storage on January 1, 2023. The Subject Property marketed for sublease during the entire 2023 tax year, to no success. The property remained vacant and unused through the sale of the property to 1090 PRATT LLC on January 31, 2024. The Applicant now has a tenant in tow for the entirety of the property. Potential Occupants and Job Creation The Applicant plans to lease the property to Piggy Cars d/b/a EZ FINTECH CORP. (the "Occupant" or "Fintech") for distribution, warehousing and transportation of general freight. Fintech is a general freight & logistics company headquartered out of Rowland Heights, California. Fintech has locations in Montana, Texas, Oregon, Arizona, Washington, New York, Georgia and has chosen Elk Grove Village Cook County for its Illinois operations. Assuming the 6b is granted, Fintech has plans to hire approximately 10-12 full-time employees and —15 part-time employees to work out of the site, with priority given to qualified Village residents. The Company will use the site primarily as a last mile logistics/delivery company for Amazon, with the warehouse being used for sorting/distribution of the general freight packages that are delivered from O'Hare. Fintech's presence will significantly benefit the local community in several ways. The Applicant expects employees and visitors will frequent Village restaurants, gas stations, stores and more. Applicant also expects to attract both new and returning customers who will also frequent nearby establishments. According to the enclosed employee economic impact chart, an estimated 10 full-time employees & 15 part-time employees are estimated to spend approximately $74,156 per year in the Village on gas, entertainment, groceries, etc. Subject Property Improvements, Real Estate Tax The Applicant purchased the property for $2,792,500 and is in the process of spending approx. +/- $400,000 to make various improvements and repairs to the Subject Property contingent on receiving the 6b. As part of these improvements, the Applicant plans to: • Mill & resurface parking lot • Expand existing parking lot to the South along with installing a new driveway & apron • Remove existing rail road spur, including rails, ties, etc. • Expand the existing parking lot to the North with a new one way drive along the North & West sides of the building. • Reconstruct the existing loading dock apron per Village detail, including repluming & painting the existing pipe bollards on each side of the dock doors. • Remove existing AC split system mounted to the exterior wall on the South side of the building • Install five (5) new 3'x7' windows located on the South and East side of the building • Install new architectural elements to the fagade of the building along the East and South sides. • Install new canopy located on the South side of the building, which wraps around to the East side. • Install landscape elements on site and along Pratt Blvd, per Village landscape ordinance • Clean up all existing deferred maintenance on landscaping areas • Reset parking bumpers • Restore drainage ditch grade Please see the enclosed rendering and landscaping plans with the improvements noted. After the proposed improvements and subsequent reoccupation, the Applicant expects the property to have a stabilized market value of around $3,292,200, which would generate approximately $1,128,639 in taxes over the life of the incentive (or approx. $83,603 per year). Without the incentive, the Applicant may be unable to complete all planned improvements, retain Fintech as a long-term tenant, and may eventually be forced to sell the property, leaving it 100% vacant and unused. With full vacancy relief, the Subject Property would generate only $559,380 in taxes over the life of the incentive (or approx. $46,615 per year). Therefore, should the Class 6b tax incentive be approved, the Subject Property would generate between $569,259 in additional real estate taxes over the life of the Class 6b. Please see the attached "12 Year Tax Comparison Chart." As mentioned, in addition to increased taxes Fintech's employees are estimated to spend approximately $74,165 per year on Village goods and services. In total, the purchase, rehabilitation and reoccupation of the Subject will generate over $1,400,000 in additional revenue over the life of the incentive. THE LAW OFFICES OF LISTON & TSANTILIS "But -For" Condition Statement Without the assistance from the Class 6b Tax Incentive, the Applicant will be unable to complete the proposed improvements, retain Fintech to a long-term lease, and could be eventually forced to sell the property. The Applicant has determined that without the incentive, the heavy Cook County property tax burden (25.394% Effective Tax Rate) will make the proposed project infeasible. In the event that the Applicant does not re-occupy/renovate the property it will remain vacant thereby lowering its total taxes. Conclusion Based on the foregoing, the Applicant requests that Elk Grove Village review its Class 6b Tax Incentive request and approve a Resolution supporting and consenting to a Class 6b Tax Incentive for the Subject Property based on Re -Occupation of Abandoned Property with Greater than 12 Months Vacancy, a Purchase for Value, and Substantial Rehabilitation. Should you need any additional documentation or have any questions or concerns, do not hesitate to contact me at (312) 604-3898 or via email at mrogers@ltlawchicago.com. Respectfully Submitted, 1 "-,- Mark Rogers COOK COUNTY ASSESSOR FRITZ KAEGI of r COOK COUNTY ASSESSOR'S OFFICE 118 NORTH CLARK STREET, CHICAGO, IL 60602 s PHONE: 312.443.7550 FAx: 312.603.6584 V MN.COOKCOUNTYASSESSOR.COM CLASS 6B ELIGIBILITY APPLICATION Carefully review the Class 6B Eligibility Bulletin before completing this Application. For assistance, please contact the Assessor's Office, Development Incentives Department (312) 603-7529. This application, a filing fee of S500.00, and supporting documentation (except drawings and surveys) must be filed as follows: This application must be filed PRIOR TO the commencement of New Construction or PRIOR TO the commencement of Substantial Rehabilitation Activities or PRIOR TO the commencement of Reoccupation of Abandoned Property. Applicant Information Name: 1090 PRATT LLC Company: GULLO International Development Corp. Address: 1100 Landmeier Road City: Elk Grove Village Email: info@gullo.com Telephone: ( 847 ) 364-7000 State: I L Zip Code: 60007 Contact Person (if different than the Applicant) Name: Mariann Gullo Telephone: ( 847 ) 364-7000 Company: GULLO International Development Corp. Address: 1100 Landmeier Road City: Elk Grove Village Email: info@gullo.com State: IL Zip Code: 60007 Property Description (per PII9 If you are applying for more than three different PINs, please submit the additional PIN information in an attachment. Street Address: (1) 1090 Pratt Avenue Permanent Real Estate Index Number: 08-34-305-028-0000 (2) Permanent Real Estate Index Number: (3) Permanent Real Estate Index Number: City: Elk Grove Village Township: Elk Grove State: IL Zip Code: 60007 Existing Class: 663 Attach legal description, site dimensions and square footage and building dimensions and square footage. Identification of Person Having an Interest in the Property Attach a complete list of all owners, developers, occupants and other interested parties (including all beneficial owners of a land trust) identified by names and addresses, and the nature and extent of their interest. Industrial Use Attach a detail description of the precise nature and extent of the intended use of the subject property, specifying in the case of the multiple uses the relative percentages of each use. Include copies of materials, which explain the occupant's business, including corporate letterhead, brochures, advertising material, leases, photographs, etc. Employment Opportunities How many construction jobs will be created as a result of this development? Approx. 25-50 How many new permanent full-time and part-time employees do you now employ in Cook County? Full-time: N/A Part-time: N/A How many new permanent full-time jobs will be created by this proposed development? Approx. 10-12 How many new permanent full-time jobs will be created by this proposed development? Approx. 15 Nature of Development Indicate nature of proposed development by checking the appropriate space: [ ] New Construction (Read and Complete Section A) M Substantial Rehabilitation (Read and Complete Section A) Incentive only applied to the market value attributable to the rehabilitation Occupation of Abandoned Property - No Special Circumstance (Read and Complete Section B) [ ] Occupation of Abandoned Property - With Special Circumstance (Read and Complete Section C) [ ] Occupation of Abandoned Property - (CEERM Supplemental Application) (Read and Complete Section C) SECTIONA (NEW CONSTRUCTION/SUBSTANTIAL REHABILITATION If the proposed development consists of New Construction or Substantial Rehabilitation, provide the following information: Estimated date of construction commencement (excluding demolition, if any): ASAP Estimated date of construction completion: Q3/Q4 2024 Attach copies of the following: 1. Specific description of the proposed New Construction or Substantial Rehabilitation 2. Current Plat of Survey for subject property 3. 1 It floor plan or schematic drawings 4. Building permits, wrecking permits and occupancy permits (including date of issuance) 5. Complete description of the cost and extent of the Substantial Rehabilitation or New Construction (including such items as contracts, itemized statements of all direct and indirect costs, contractor's affidavits, etc) SECTIONB (ABANDONED PROPERTY WITHNO SPECIAL CIRCUMSTANCE) If the proposed development consists of the reoccupation of abandoned property, purchased for value, complete (1) and (2) below: 1. Was the subject property vacant and unused for at least 12 continuous months prior to the purchase for value? X YES [ ] NO When and by whom was the subject property last occupied prior to the purchase for value? See enclosed vacancy affidavit. Attach copies of the following documents: (a) Sworn statements from person having personal knowledge attesting to the fact and the duration of vacancy and abandonment (b) Information (such as statements of utility companies) which demonstrate that the property was vacant and unused and indicate duration of such vacancy 2. Application must be made to the Assessor prior to occupation: Estimated date of reoccupation: Date of Purchase: Name of purchaser: Name of seller: Relationship of purchaser to seller: Attach copies of the following documents: (a) Sale Contract (b) Closing Statement (c) Recorded Deed (d) Assignment of Beneficial Interest (e) Real Estate Transfer Declaration Approx. Q4, 2024 January 2024 1090 PRATT LLC MKNA LLC None SECTION C (SPECIAL CIRCUMSTANCES) If the applicant is seeking special circumstances to establish that the property was abandoned for purposes of the Incentive where there was a purchase for value, but the period of abandonment prior to purchase was less than 12 months, complete section (1). If the applicant is seeking special circumstances to establish that the property was abandoned for purposes of the Incentive where there was no purchase for value, but the period of abandonment prior to the application 12 continuous months or greater, complete section (2). 1. How long was the period of abandonment prior to the purchase for value? When and by whom was the subject property last occupied prior to the purchase for value? Attach copies of the following documents: (a) Sworn statements from persons having personal knowledge attesting to the fact and the duration of the vacancy and abandonment (b) Information (such as statements of utility companies) which demonstrate that the property was vacant and unused and indicate duration of vacancy (c) Include the finding of special circumstances supporting "abandonment" as determined by the municipality, or the County Board, if located in an unincorporated area. Also include the ordinance or resolution from the Board of Commissioners of Cook County stating its approval for less than 12-month abandonment period. Application must be made to the Assessor prior to the commencement of reoccupation of the abandoned property. Estimated date of Reoccupation: Date of purchase: Name of purchaser: Name of seller: Relationship of purchaser to seller: Attach copies of the following documents: (a) Sale Contract (b) Closing Statement (c) Recorded Deed (d) Assignment of Beneficial Interest (e) Real Estate Transfer Declaration 2. How long has the subject property been unused? [ ] 12 or greater continuous months (Eligible for Special Circumstance) [ ] 3 continuous months and maintain/create 250 Employees (Eligible for Special Circumstance under CEERM) - Complete CEERM Supplemental Application [ ] Not Eligible for Special Circumstance if No purchase and less than 12 continuous months vacant, or not a CEERM When and by whom was the subject property last occupied prior to the filing of this application? Attach copies of the following documents: (a) Sworn statements from persons having personal knowledge attesting to the fact and the duration of the vacancy and abandonment (b) Information (such as statements of utility companies) which demonstrate that the property was vacant and unused and indicate duration of vacancy (c) Include the finding of special circumstances supporting "abandonment" as determined by the municipality, or the County Board, if located in an unincorporated area. Also include the ordinance or resolution from the Board of Commissioners of Cook County stating its approval for lack of a purchase for value. Application must be made to Assessor prior to the commencement of reoccupation of the abandoned property. Estimated date of reoccupation: CEERM SUPPLEMENTAL APPLICATION (This form will ONLY be utilized for applicants who specifically elect for CEERM) This supplemental eligibility application is for properties that have been abandoned (due to special circumstances) where there has been no purchase for value and the buildings and other structures have been vacant and unused for at least three continuous months and applicant has provided sufficient documentation to establish that such applicant will create or maintain at least 250 jobs for employees at the subject location. The CEERM Program shall be limited to the party who is the initial applicant of the Class 6B Incentive under the CEERM Program and the subject of the municipal Resolution or Ordinance. Under the CEERM Program, qualifying industrial real estate would be eligible for the Class 6B level of assessment from the date of substantial re -occupancy of the abandonedproperty. Properties receiving Class 6B will be assessed at 10% of market value for the first 10 years, IS% in the IIth year and 20% in the 12th year. The terms of this program are Not Renewable. I applicant/representative hereby specifically elect to submit this Supplemental Application for the CEERM program. Further affiant sayeth not. Agent's Signature Agent's Mailing Address Applicant's Name Applicant's e-mail address Subscribed and sworn before me this day of Signature of Notary Public Agent's Name & Title Agent's Telephone Number Applicant's Mailing Address 01 LOCAL APPROI AL A certified copy of a resolution or ordinance from the municipality in which the real estate is located (or the County Board, if the real estate is located in an unincorporaied area) should accompany this Application. The ordinance or resolution Hurst e.►pressl , state that the municipality supports and consents to this Class 6B Application and that itfinds Class 6B necessary.for development to occur on the subject property. If a resolution is unavailable at the time the application is filed, a letter from the municipality or the County Board; as the case may be, stating that a resolution or ordinance supporting the incentive has been requested may be filed with this application instead. If the applicant is seeking to apply based on the reoccupation of abandoned property and will be seeking a finding of "special circumstances" from the municipality, in addition to obtaining a letter from the municipality confinning that a resolution or ordinance supporting the incentive has been requested, the applicant must file a letter from the County Board confirming that a resolution validating a municipal finding of special circumstances has been requested. If; at a later date, the municipality or the County Board denies the applicant's request for a resolution or ordinance, the applicant will be deemed ineligible for the Class 613 incentive, whether or not construction has begun_ In all circumstances, the resolution must be submitted by the time the applicant files an "Incentive Appeal". FINALIZING THE INCENTIVE PROCESS In order to finalize the class change you will need to file an Incentive Appeal with supporting documentation (including Proof of Occupancy) in the year that the property has been substantially occupied. it is advised that you access our website (H'Ivw.cookcountvassessor.com) to determine the allowable tiling dates for such action. When filing an appeal requesting an Incentive Class Change, a $100.00 filing fee (made out to the Cook County Assessor) must be included. The property cannot receive Class 6B designation until you file an Incentive Appeal Form, AND this office grants reclassification for the parcel(s). I, the undersigned, certifv that I have read this Application and that the statements set forth in this Application and in the attachments hereto nd correct, except as those matters stated to be on information and belief and as to such matters, We under ' rtifies that he/she believes the same to be true. Signature Date Mariann Gullo Print Name Representative Title 4 //-fr22 VACANCY AFFIDAVIT I, Josh O'Neill , if called to testify, would attest to the following fact; That I am a representative of Johnstone Supply, who was previously the user of the property located at 1090 Pratt Blvd, Elk Grove Village, IL 60007 (PIN: 08-34-305-028-0000) ("Subject Property"). 2. To the best of my knowledge, Johnstone Supply began winding down its business and relocated to Bensenville, Illinois and the property became vacant and unused but for dead storage on or about January 1, 2023. 3. The Property was marketed for sublease during the year of 2023 without success of re -leasing. 4. The property remained vacant & unused but for dead storage through the sale of the property to 1090 PRATT LLC on January 31, 2024. Further Affiant Sayeth Not Date: 08/27/2024 •ibed and sworn before me 27 day ofAu ust , 2024 EDS AFFIDAVIT agent for 1090 PRATT LLC (the "Applicant") does hereby certify that it would attest to the following facts as required by Sections 74-46 and 74-62 through 74-73 of the Cook County Code if called to testify: That I am a duly authorized agent for the Applicant, who is the owner of the property located at located at 1090 Pratt Avenue, Elk Grove Village, IL 60007 (PIN: 08-34- 305-028-0000) (the "Subject Property"). 2. The Applicant does not hold title to any other property in Cook County: 3. Applicant's ownership is as follows: Name/Entity — % Address Address 4. To my knowledge and after reviewing the Applicant's records, Applicant is not delinquent in the payment of any property taxes administered by Cook County or by a local municipality. Further Affiant Sayet/IyeY-1 Date: Subscribed and sworn before me This 06 day of June 2024 ►• .: • fir.•, � �: dr,. Petition Form for Class 6B Program For Office Use OWN, Address of Subject Property: 1090 Pratt Blvd Elk Grove Village, Illinois Signed Affidavit Dated:_9/3/24 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 613 Property Tax Abatement: Business: GULLO International Development Coro. (Owner) - EZ FINTECH CORP. (Occupant) Address: 1100 Landmeier Road, Elk Grove Village, Illinois Permanent Real Estate Tax Index No. 08-34-305-028-0000 Assessed Valuation 2024_ $172,687 (las( 3 bears) 2023 $172,687 2022 $172,687 • Attach Legal Description of Property Owners of Record: Name:1090 PRATT LLC Signature, 1090 Pratt Blvd, Elk Grove Village, Illinois (Address City, State) Phone: (847) 364-7000 il: info@gullo.com Business Applicant's Name: Print Name: Mariann Gullo GULLO International Development Corp. Business/Corporation Name Fax: N/A i Sianature: 1100 Landmeier Road, Elk Grove Village, Illinois (Address City, State) Phone: (847) 364-7000 Fax: N/A Email: info@gullo.com )1 0 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); Title Tract Search, or 50 One copy of the latest recorded deed with affidavit ❑ Administered by a trust; 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? No If YES, give details on a separate sheet of paper. `tiF k� i VILLAGE OF ELK GROVE VILLAGE, ILLINOIS Petition for Cook County Class 613 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. Furthennore, 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 613 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. 11 - 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. i i "•- ''r 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 I 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 66 v. Occupied Without 66 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 16 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 1090 Pratt 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 6B Property Tax Abatement. The APPLICANT, will be issued a Letter 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 6B 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 6B 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 WHEREOF, the parties hereto have executed this Agreement as set forth below: Village of Elk Grove Village 901 Wellington Avenue Elk Grove Village, IL 60007 Signed: Name: Craig B. Johnson Title: Mayor Date: Attest: Lorrie Murphy, Village Clerk 1090 PRATT LLC Elk Grove Village, IL 6 7 Signed: Name: 1090 PRA Title: Owner Date: 9/3/24 �aore�i 6 Y 1 Elk Grove Village Class 613 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... • Mill & resurface parking lot • Expand existing parking lot to the South along with installing a new driveway & apron • Remove existing rail road spur, including rails, ties, etc. • Expand the existing parking lot to the North with a new one way drive along the North & West sides of the building. • Reconstruct the existing loading dock apron per Village detail, including repluming & painting the existing pipe bollards on each side of the dock doors. • Remove existing AC split system mounted to the exterior wall on the South side of the building • Install five (5) new 3'x7' windows located on the South and East side of the building • Install new architectural elements to the facade of the building along the East and South sides. • Install new canopy located on the South side of the building, which wraps around to the East side. • Install landscape elements on site and along Pratt Blvd, per Village landscape ordinance • Clean up all existing deferred maintenance on landscaping areas • Reset parking bumpers • Restore drainage ditch grade Legal Description, Site and Building Square Footage 1090 Pratt Blvd, Elk Grove Village, IL 60007 PIN: 08-34-305-028-0000 The property currently consists of an approximately 24,974 square foot industrial facility, sited on 57,655 square feet of land. The property was built in 1965 and features 3,223 square feet of office space, 3,083 square foot air-conditioned showroom, two (2) interior docks, one (1) drive -in -door, 16' clear height, and approximately 32 vehicle parking stalls. The property is zoned I-2, Generalized industrial district which allows for a number of industrial uses. The site is strategically located at the intersection of Lively & Pratt Blvd for excellent corner visibility. The property was last occupied by Johnstone Supply, who began winding down its business in 2022 and fully vacated the site but for dead storage on January 1, 2023. The Subject Property marketed for sublease during the entire 2023 tax year, to no success. The property remained vacant and unused through the sale of the property to 1090 PRATT LLC on January 31, 2024. The Applicant now has a tenant in tow for the entirety of the property. Attached hereto please find: • Legal Description • Survey • Aerial of Subject Property • Street View of the Subject Property • Renderings with Landscaping • Engineering Documents • Marketing Materials Business Entity Search Entity information Entity Name 1191 PRATT LLC Principal Address 1100 LANDMEIER ROAD ELK GROVE VILLAGE.111-608179100 File Number 13975493 Status aC T NE on--04-2023 Entity Type LII Type of LLC Domestic Org. Date/Admission Jurisdiction IL Date 11-49-2123 Duration PERPETUAL Annual Report Annual Report Filing Date 11QI0011 Year Agent Information VIRGINIA GULLOC!ACC1O Agent Change Date 11-1&2123 1100 LANDMEiER ROAD ELK GROVE VILLAGE IL i0r)07 Ssrvlves and fat ire .nformation ;roosr a to view services avarlat'� :. ttanaGe� s FieAnnuai Reps^ Aftr-:es -i Amencme .t=`ectsng A Na-^e Change Adopti^g AiSLmeC Name 0f anje of RegrsteredAgent ane/or Registered Office LEGAL DESCRIPTION LOTS 26 AND 27 AND THE EAST 6.25 FEET OF LOT 28 IN CENTEX INDUSTRIAL PARK UNIT 22, BEING A SUBDIVISION IN SECTION 34, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, EXCEPTING THEREFROM THAT PART OF LOT 26, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF SAID LOT 26; THENCE ON AN ASSUMED BEARING OF SOUTH 01 DEGREE, 21 MINUTES, 53 SECONDS EAST ALONG THE EAST LINE OF SAID LOT 26, A DISTANCE OF 260.01 FEET (260.0 FEET, RECORDED) TO THE SOUTHEASTERLY LINE OF LOT 26; THENCE SOUTHWESTERLY, A DISTANCE OF 1.75 FEET ALONG THE SOUTHEASTERLY LINE OF SAID LOT 26 ON A CURVE TO THE RIGHT HAVING A RADIUS OF 20.00 FEET, THE CHORD OF SAID CURVE BEARS SOUTH O1 DEGREE, 08 MINUTES, 12 SECONDS WEST, A DISTANCE OF 1.75 FEET TO THE POINT OF BEGINNING; THENCE CONTINUING SOUTHWESTERLY, A DISTANCE OF 29.67 FEET ALONG THE SOUTHEASTERLY LINE OF SAID LOT 26 ON A CURVE TO THE RIGHT HAVING A RADIUS OF 20.00 FEET, THE CHORD OF SAID CURVE BEARS SOUTH 46 DEGREES, 08 MINUTES, 14 SECONDS WEST, A DISTANCE OF 27.02 FEET TO THE SOUTH LINE OF LOT 26; THENCE SOUTH 88 DEGREES, 38 MINUTES, 10 SECONDS WEST ALONG THE SOUTH LINE OF SAID LOT 26, A DISTANCE OF 25.42 FEET; THENCE NORTH 82 DEGREES, 31 MINUTES, 24 SECONDS EAST, A DISTANCE OF 12.53 FEET; THENCE NORTHEASTERLY, A DISTANCE OF 37.83 FEET ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 51.42 FEET, THE CHORD OF SAID CURVE BEARS NORTH 61 DEGREES, 24 MINUTES, 31 SECONDS EAST, A DISTANCE OF 36.99 FEET TO THE POINT OF BEGINNING, IN COOK COUNTY, ILLINOIS. Permanent Index Number: 08-34-305-028-0000 Property Address: 1090 Pratt Blvd., Elk Grove Village, IL 60007 jj JI'd NM I fill I fit L y wl I T100A �7F7 — - — — - — — - — — - — ---- Hill E m A ZBl A Proper" Detail Bad. U � p Clear Export Feedback 08-34-305-028-0000 1090 PRATT BLVD ELK GROVE VILLAGE, IL 60007 Location Township Name Elk Grove Municipalm Incorporated Elk Grove Village ZonmL, Imformatioti Please contact municipality Find My District Political Districts Property Comparison Compare parcel to others Welcome to CookView'er 3.0! XCe hope ', ou enioc the modernized user experience the precious version of CookVien er will still be available for a limited time n (Q Info (7T Help FeedbackTq Translate r + :. Q ' a — 08-34 08-002 a 30 00 08.34-400-022- i R A • A will Mli w_ F i.. r 08.34 08-3 1 08-34 08-`34 305.035 0V 305-028 I 400-024 ..-r - n inAL ? a ti I so a W rl r ml r F•. Nlw� ��rM- IN= -- _—__..____—_—_ PRATT BLVD. J 1OW PRATT BLVD., ELK GROVE VILLAGE, ILLINOIS ZONING N FROPOSEO USE OFFICE/SIq 11I.VAREHOUBE OFFICE S.-S.F.•F NA ENOUOWROOM. I.—S.F. •A SE. 1S.T1X S.F. H DRNE IN DOORS. Z INTERMIR LOADING DOCKSCAN PAR.— . 3 SOUTHEAST CORNER OF THE BUILDING EAST ELEVATION SOUTH ELEVATION IMPROVEMEHE LANDSCAPE ELEMENTS HAVE BEEN REMOVED FROM THIS WEW TO BETTER SHDW THE NIKOING NTS SUMMARY OF PLANNED AND PROPOSED IMPROVEMENTS NNEO INSTALLATION OF A NEW 1X—ON- IN DOOR ON THE EAST SIDE OF THE BUILDING • POSED MILL AND RESURFACE PARKING LOT EXPANDING THE EXISTING FARNKIG LOT TO TIE SOUTH ALONG WITH INSTALLNG A NEW ORNEWAY AND AFFON. MDVE THE EXISTING RAIL ITO.eD SPUR INCLUDING RAl3, TIESAND OTHER APPURTENANCES PANgNO THE EXISTING PARNRq LOTTO THE NORTH —A NEW ONE WAY DRNE ALONG THE NORTH AND WEST SIDESNG THE RECONSTRUCTING OF THE EXISTING LOADING OOCN APRON PER EGV DETAIL INCLUDING REPLUMSING AND PAINTING EXISTING PIPE BOLLARDS ON EACH SIDE OF THE EXISTING DOCK DOOR THE RELOCATIDu OF THE EXISTING MAIL BOX REMOVAL OF THE EXISTINGAC SPLIT SYSTEM MOUNTED TO THE EXTERIOR WALL LOCATED ON THE SOUTH SIDE OF TIE aUILDING • INSTALLATION OF OTY' IS D' OW NEW WINDB LOCATED ON THE SOUTH AND EA$TSUE OF THE BUILDING ISLATTALION M OF ARGTECTURAL ELEMENTS TO THE F_OE OF THE BUILDING ALONG THE EAST AND SOUTH SIDES TAUATION OF A NEW CANOPY LOCATED ON THE SOUTH SIDE OF THE BUILDING AND IT WRAFS AROUND TO THE FAST INSTALSIDE • CLEAN MALL OUSTING OENTSON SITE AND ALONG PRATT BLVD. PER THE VKLAGE UWOSCAPE IXiDINANCE. CLEAN UP ALL E%ISTNG DEFERRED MAWTEINNCF ON LANDSCAPING AREAS IMPROVEMENT PLAN • - ma• /n z wLU ui d O a> i O as M a. a GULLO GULLO INTERNATIONAL DEVELOPMENT CORPORATION 1100 LBDUmak, ROBD EN OR—VBIBVB. IL S0007 PNDNB 847. 364. 7DOD F. 507. 36E . 7030 UONSILTMT Rwn.Iw.rluR. D!s ND. PIM, R«klW a.m.2K 1 RKMKW C—Is 06. 2 a Comm Dare Drwvng Noun crMOIg IMPROVEMENT PLAN Scek As A1.00 �m0 m� ®o® ®e® mo Aso ®0 ®emu SIIRVEYEO BY'. KRIISS2M LA tD UR�VEVTING, LLC BERCHARRR: >> w L 0-- UTILITIES CONTACTS FINAL ENGINEERING FOR 1090 PRATT, LLC. SITE IMPROVEMENTS 1090 PRATT BLVD. ELK GROVE VILLAGE, IL 60007 PERMIT AGENCIES rtLUDE IF ELK cRovE xEfROGD�TAu wAlO+REciAAUTpu gBTRpT OF GREATER G1KA00 NOT FOR CONSTRUCTION PENDING PERMIT REVIEW INDEX OF SHEETS NA nnE wEEr GEOMETRI W A DEApIRpN RAN ILAN Durwry vuR 301 E�B0 a sEgrAErn w ia,r oEnvu oETAu TRIN T 11 "IN STATEMENT PoEM�EED 11 OEVE�oPRERr. E un oAArw D r"R D ER EsIle ` -REDR DEE�DRA ERG. EER 4c—EFIRAT-DATE FINAL ENGINEERING III SITE IMPROVEMENTS 7090 PRATT, LLC. 1090 PFLATT ELK DRIVE IL BLVD.= TITLE SHEET C-1 a.e—aa.,Ynr dM" ONLLIfl�NOO I Y 2e$; 30 e$''s is `3 � °g��° ay" a."a a 4 1 34$. LIs° aY a s$w $ a N Ssgig . a, �, 1 s ff sya$� e w �m4 w g 'Ell g$ ��d ;aE g a $& a'!e a !`€4Ya3o [ g s��_ s 1 is °e Sy z5 11g°lae. a� m w_ [�e �9 $ 1 !$ f a=jj �" _ Rs� ma m� gs _ e:a 'r $ $ o ! Ra$ .5 F €0. 9 �s ee 5 fle-ka $°§a d as sm a $i 5 4 $ de. `sk�d iF m =1 ?. Y > -=a .. 4l: em $a FS y° NOR � � �s y %a f� 1!. !,a31 � 5 0� a w! aid 5o g s s° o 8 _ :m ga w e 5e 5$ a! � a 4 € !$w a><$ s .3 a s x1?s"8 = $ $ w E. 4 5IeG s od" s<�..il3g L dad m sIi= y ggs°sl=o o=�Z�a o s3 31 11 P w w= H 8= `s$ yy a3 $$ $ �p m1 egg °z:+ �us=.�° Yw '� spa "fig w i'a Fp E8 tl S 9a q-o 33Y y 9 �� SE 1, Y 9$I 'e3 sgi' �� w§"65 � s' � ;4 sh� ` 8 cS F9°�y a 1� p SS a.<' i z .� j gs �" a gg"I: sc p 4� 4� � � E � S- �( � if�9 i �m a° �. � �� �� � €�o �3'""Sa � ik t !p ��� Y �3$s sa �° � @� $'" �� a �$ ae° �� s$ ��. � �� m ; �m � m ma aJwj�g s �� a 5a9 ms k�W.r�e; 4 ¢$ ew ei salsa P $fie $a. L 1'E $ �" gn 83 ee4 Ca w$g1 s8 ` a c i e$l8l €9! apL c rac 'segs5s'4=sa3s,. 3 5Wg 8 ae Si § All c$c= �+ sww w 5sp s's`'w 1 `-' g ggietoa; 8° ay a 5 �E[yB aa: 3g a 9° a� CC ,�}.1e � £ G� g $5 E'y w �m a€ L Cag 41 Y28 yH I. i oil; . bC Yg iS <^ . �. G G} SB 11M 4 951 CL j 3.3 wE� Y:3 Y Yff 'o �� -§g°g k''�a4�"� �3g7 Nut.31.2.Fuf!'Y ! ➢ pyz p� �rq � GE sg � 1] a� o � 4 �m°� � ��$ � ° � � �$ �s=q$ w� ` � m6 Iy yd F 3 e i 4e v a" 7F H B g ''EI$s, � $ y�y�� � s 'E °fib a� 5° w 3 w� 5 °8 a [_w8m E !+oa= w 5 8 5p Rig i 4 �� gym �$ oa � 3 �e. �u �� LE �e I �? � �a 5� se she!�$a$ z g8 dm s$ c� Bm g�5$d .Sm`t=a e- gee ���w 's � sa ��� �- � �4 _�3 L` a �$ 3p°°a-� a a_ €(9 � cw 2 d E la 8-� a3 E ;3 O` OHM � '� � �Q 'e �7 �Z Se �F� Y: �2�� �� s e� �V[�� 'g �k�.�� s8 R� a. �•;w� - 9L 3' S�": $o wsa SSW€" L@� s=y5 e8 9:@ec V. �� ri 1' L l'8' l I $ all w.- � � � a �® ��°a a 8"a: $ wg ! y $ e $ Ss` '= a1 5s :51w, awm $ 5 1-y $ sa$ waF et $S4 c �a8F1'i`"i$� 55Ba o" z.$ g- w a s° 3a 66 a sg' c as a, =s°! cs 4° 8 8 c S 41. &8 ed s� 3si�s $ m 53 a P a ee a° t 4 RI �w IN, � �Lx�S adg is i �� �� �-��' d `a°� 8v �� " � �� ; 8 a � g8 4 �58d 4 � $ $�� � ��� yw $�° �$ 3r�S=``S s S5$�o5 Y eegaffs= HUM. � k g4= ms g s5 £ vp c ,w - zNh HIP lLaceea�=_s � 8�� ��g_ �� a� �„±%6��=: Pi Y' � i$ � 24R * � i i � F� x � a p IM n g�i ! rry $ Sg ss � $ `S€ �� � °•�! �$���� ; � A�s ; z e �Lg, �s �� is� E 1$$ has 3 P E W? �� 3� 5� '• � � �= 3 5? � g 9 9 ? A 7 y 2 R� °y b 3: � § 5 x S$ �• � � s s I •� � }j � a.i �+� - � � Y� % �3 � a€ ��4a a'E' s E � ss ! a` a� • a u _ . 3 E} y �� 3# ## - e t� $ i ce€ 2 S i� �p 3 E Y€ ! i a i s�€ ` S a S S E x i aA g r 0 IT I lot 28: I _ eER¢DUTED Tra. P TALL ONE 510RY — 93 Qa •_ PoLE �aa.. ,.o I I PIXE OJNDREIE �,iL� SID¢A'AL 1 I„ es.1 A �o Y ,.m y X F It - 2DJY 44x �vJ RELOCATE . S1.ITm efierK M�orvcRErE ppory pE 9299^• src rs EUS, MAIIROX2.59 N.82']1 WE.. EfE SIDEWALK PFRATT e BLVD. .A>� ems. I fi SCALE: 1' = 20' DEMOLITION LEGEND COMORETE AREA TO SE REMOVED. x 11DK:ATES REM TO RE ReAOVED. T.P. r1 IT.-F E.ZT TECTROM FINAL ENGINEERING SITE IMPROVEMENTS 1090 PRATT, LLC. DfiD VRA1T RLw. ELK GROVE. IL fiD00T EASING co i DEMOLITION PLAN =C-3 AP L.37W R•51.42 L.. ..... NM'31WE. J, 0 WIAIS—., kx= L"Ali m 1 PRATT BLVD. 0 0 SCALE:�1-20' WEMTA STANMRD STALLS' 111A 'T�ALL' TOTAL A — FINAL WTU ENGINEERING 8=_"-EftMULT­Q I M 1 1— N." SITE IMPROVEMENTS 4 - W 1090 PRATT,LLC. LEGEND -.--D.T—N.U--EME- P—ST-1— MNTED—IWU— PROPOSED TlIMFIC SM MY T.coNTROLEmN — GEOMETRIC PLAN ILC7-4-- I CC okY✓ .b q - ISMS -Imik/ 1,3 A. R - 51.42- cl( 12S3' MM-31-24'E, PRATT BLVD. ABBR=TIONS =U DA P 111101—C­Q1.51 F.. M'WIWL ­­ MPE ME ­­­W T' 1-110 T­ 11A -t-ATCI :T'—11TET_ T .. = E_T.= o IS SCALE a PROPOSED STORM SCHEDUL LEGEND Am _3281WITemm. T_ ■ =�,MSKI _. E T FINAL ENGINEERING SITE IMPROVEMENTS 1090 PRATT, LLC. 10SUPUTT—D ELK GROVE, 11. SON? GRADING & UTILITY PLAN C-5 �° wm 6a�� �.. •� /� I ...�� ,^ ,•ro,o, .° fis� M. 6 is / t • AN NENCO MAR. NO, I 1 I 8' I I. 1 t 77 .o . o TO 76 4--� ;i m ., .INN 8 u X 7 on xix' 19 00 N.Bi•31'34'E. � ... PF2ATT <6'' BLVD. . I LEGEND NOTES arvBBCB Tor�iwm 'RRIM mwuu. „cwBouc �• weroo?cussR.in µrwrrTIE rur worB:rar. rnsrBrueo ire ILA.. oB soo. C)ac41vEAr vgOrEclgN r,v SW D SL BE xEsronEO MtrNa FINAL ENGINEERING FOR SITE IMPROVEMENTS 1999 PRATT, LLC. SOIL EROSION S SEDIMENT CONTROL PLAN C-6 .awn.'=:-� _.. ez- __ . __ `- / _. .wry, - " g -_ —a>:-ar —s .— —.. �� ^e ; ✓' .. _-- r`,,, �°sr^:._ ___.. � m,.-. p-� a:, r...a a � `_.-..+a,• �-.r�Y.. -; �'. IMF r r � F 1 _ s -�0 j` r „, - .P.ii � .e ein ro .,. 6S � I ��-r .- Y o v . a�� ✓ ,,V oo . to �, RII � � � • •\ i \\ t�r I \♦ Lam\, ... _�I +II \ ♦ Vr m ♦ m ♦ 66 u orv� VroK, 6H (3L .0 iL _ 8 P om� `cmm 8 oR C )il♦, I '1 .� 5+ ob ao Rat V♦ 11 ' it �[ r t � w _ .� I IV 'I ♦ ♦ ♦ RooR �yyo .> _ . FINAL J $♦ I � r " ENGINEERING uj ron SITE °w . \ _ 1 i/f __I _ t• • .+_�\�ign�i,F—•m \ �. IMPROVEMENTS "/. W _ . 1 RR.10D' .r r ' _91.93' N.62-3124'E. N112.312CE. PRATT BLVD. PRE- DEVELOPMENT SITE on- -AL-1-1—All PRATT BLVD. e POST - DEVELOPMENT SITE 1QEIATA LEGEND oevelvi.nne. iwERVaufi Pwaoo.Eo.R.wvn •wu nms.�„ss ❑oD w.nnlow novre � �nvwvs 1090 PRATT, LLC. DRAINAGE EXHIBIT CP-% P60 � -1 ALTERNATE METNDDS gENMAL NOTES INLET - TYPE A STANDARD 6132- 13 'o 0El E0 Eu L1I Elv -L j Ll11 o A c L j - - -- --- --- t -�7 560A)II A � BW E CAST uv MAIL OF BKTM ��A ME AND PE 5 AV. FINAL ENGINEERING SITE IMPROVEMENTS 1090 PRATT,LLC. DETAILS C- 87 d ROtlO ONIl�I'tYNO� �� �daNEUL l O Y4 iKPsU tS. W e t > F W W 8 o 'y W g,•'s �# 4 � � a J U Y m�i s Q � J aaLU z W u e$ i ��� � Fla Z B ya F Ok i Ul '� W ii,I a LL W Al F u rS�ae� y 6 = Zaia i - I "sad' 1 S < E S ` EaEE��agE 'i CON CREI.F—I—SOMPERS PEOERVED—INGSIGN REQUIRED IF BARRIER CURB Is NOT IFE-1 STRIPING i SYMBOL PER .1 -.E... LADE P_� suxva SF- R­­ in 16St 1.1w 2i i 20IIo_ 401 11, IT VILLAGE OF ELK GROVE VILLAGE ADA 'ARKING STALL tlY 1-11 RESERVED PARKING POST FINISHED GRADE VILLAGE OF ELK GROVE VILLAGE ADA PARNm sioN (TYPICAL) LXPRKS$ED CURB VILLAGE OF ELK GROVE VILLAGE CURB AND GUTTER DETAILS wJ_ VILLAGE OF ELK GROVE VILLAGE 11 ­­ KTBAG . F-T— AA U­IT— I 1< IIECTKIN AA OF �Zl A F It, 3 5­1 LRG­­4OETA­I­­O­—III I VILLAGE OF ELK GROVE VILLAGE ------------ PCC lWIOEVfALR —ArE. BITUMINOUS - PAVEMENT SECTION MELSTOP-PRECASTC NCRETE my uj FINAL ENGINEERING F.IT SITE IMPROVEMENTS '090 IRATT,LLC. 24,F975 SF Sublease Available 1090 Pratt Blvd Elk Grove Village, 1 60007f 7 it ,: �_� y�.1y \� •'<„ 1 ,sop_—,- m 1170 IMI ©ro 24,F975 SF Sublease Available 1090 Pratt Blvd, Elk Grove Village, IL 60007 47 �. 17t . = E 24JF975 SF Sublease Available 1090 Pratt Blvd, Elk Grove Village, IL 60007 ueterm re tre aCc,,-racy c` tne nt,ma_ or 24,975 SF Sublease Available 1090 Pratt Blvd, Elk Grove Village, IL 60007 M.Ow ---------- �--] r W-0 co yb to IAI Tt I I I I I I I C.4 tv- — - — - — - — - — -- — - — WO.00 L I V E L Y B 0 U L E V A R D 240,975 SF Sublease Available 1090 Pratt Blvd, Elk Grove Village, IL 60007 Des Plain ma I Day:_ Nef ridgy Bensenville Franklin Park) am Rob Prioetti 630-607-2509 rob@tmg-rea.com Dan Smolensky, SIOR 847-778-6445 dan@tmg-rea.com u_ _ GULLO m Building Highlights Free Standing Building Excellent Corner Visibility (Lively & Pratt Blvd) 25,020 S.F. Building +/- 3,223 S.F. Offices +/- 3,083 S.F. Showroom +/- (Air Conditioned) 16 Clear at Low Point +/- 2 Interior Docks 1 Existing DID (8' x 10') 1 DID Proposed (14' x 14') Car Stalls +/- 800 Amps, 277/480 Volt, 3 Phase, 4 Wire Gas Unit Heaters, AC Fire Sprinkler: Wet Flammable Storage Room Rental Rate: Subject to Offer CAM: Lessee Responsibility Ideal Sales Office/Showroom, Distribution, Logistics Warehouse For more information contact: Giovanni Gullo or Mariann Gullo I Phone: 847.364.70001 Email: info@gullo.com Gullo International I Development Corporation I Realty Group • 1100 Landmeier Road - Elk Grove Village, IL 60007 Linkedln: www.linkedin.comlcompanylgullo-international-development-corporation Website: www.gullo.com All information herein is from sources deemed reliable but not guaranteed accurate. Subject toe rrors, omissions, and to change of price and terms, prior sale or lease, all without notice. In compliance with Illinois law, Gullo International Realty Group (broker) hereby gives written notice of the existence of an agency relationship between broker and the owner of the above referenced property. All Gullo International Realty Group real estate agents represent the owner of the above property in negotiation of price terms, conditions, and the consummation of any lease or sale contract. Property Ch a racteristics for PIN: O8-34-305-028-0000 TAX BILLED AMOUNTS & TAX HISTORY 2023: $43,852.55 Paid in Full 2022: $42,193.24 Paid in Full 2021: $38,131.93 Payment History 2020: $36,732.70 Payment History 2019: $33,442.00 Payment History 20118: $25,374.87 Payment History "_? 1st l nsta It •nty) More Tax Qill Information PROPERTY ADDRESS 1090 PRATT iiLVD ELK GROVE VILLAGE 60007 Township: ELK GROVE MAILING ADDRESS 1090 PRATT LLC 1100 LANDMEIER RD ELK GROVE VL, IL 60007 Update Name or Mailing Address EXEMPTIONS 2023: 1 Exemptions Received 2022: 1 ExemptionsRe_eived 2021: 1 Exemptions Received 2020: 1 Exemption s Received 2019: 1 Exemption sRe:eived 2018: 1 Exemptions Re_eived More Exemption Information Search Again I Tax( Industrial Use & Employment 1090 Pratt Blvd, Elk Grove Village, IL 60007 PIN: 08-34-305-028-0000 The property was last occupied by Johnstone Supply, who began winding down its business in 2022 and fully vacated the site but for dead storage on January 1, 2023. The Subject Property marketed for sublease during the entire 2023 tax year, to no success. The property remained vacant and unused through the sale of the property to 1090 PRATT LLC on January 31, 2024. The Applicant plans to lease the property to Piggy Cars d/b/a EZ FINTECH CORP. (the "Occupant" or "Fintech") for distribution, warehousing and transportation of general freight. Fintech is a general freight & logistics company headquartered out of Rowland Heights, California. Fintech has locations in Montana, Texas, Oregon, Arizona, Washington, New York, Georgia and has chosen Elk Grove Village Cook County for its Illinois operations. Assuming the 6b is granted, Fintech has plans to hire approximately 10-12 full-time employees and —15 part- time employees to work out of the site, with priority given to qualified Village residents. The Company will use the site primarily as a last mile logistics/delivery company for Amazon, with the warehouse being used for sorting/distribution of the general freight packages that are delivered from O'Hare. Fintech's presence will significantly benefit the local community in several ways. The Applicant expects employees and visitors will frequent Village restaurants, gas stations, stores and more. Applicant also expects to attract both new and returning customers who will also frequent nearby establishments. According to the enclosed employee economic impact chart, an estimated 10 full-time employees & 15 part-time employees are estimated to spend approximately $74,156 per year in the Village on gas, entertainment, groceries, etc. Employee Economic Impact Chart - FULL-TIME Purchase Emp. % Exp./Week Weeks Total Lunch 10 55% $55 50 $15,125 Grocery 10 30% $50 50 $7,500 Consumer Goods 10 25% $35 50 $4,375 Entertainment 10 15% $55 50 $4,125 Auto -Gas 10 75% $30 50 $11,250 TOTAL $42,375 TOTAL OVER 12 YEARS E_­ Employee Economic Impact Chart - PART-TIME Purchase Emp. % Exp./Week Weeks Total Lunch 15 55% $55 25 $11,344 Grocery 15 30% $50 25 $5,625 Consumer Goods 15 25% $35 25 $3,281 Entertainment 15 15% $55 25 $3,094 Auto -Gas 15 75% $30 25 $8,438 TOTAL $31,781 TOTAL OVER 12 YEARS $381,375 Property Improvements, Potential Growth and Fiscal Effect 1982 Lunt Avenue, Elk Grove Village, IL 60007 PIN:08-35-104-045-0000 The Applicant purchased the property for $2,792,500 and is in the process of spending approximately +/- $400,000 to make various improvements and repairs to the Subject Property contingent on receiving the 6b. As part of these improvements, the Applicant plans to: • Mill & resurface parking lot • Expand existing parking lot to the South along with installing a new driveway & apron • Remove existing rail road spur, including rails, ties, etc. • Expand the existing parking lot to the North with a new one way drive along the North & West sides of the building. • Reconstruct the existing loading dock apron per Village detail, including repluming & painting the existing pipe bollards on each side of the dock doors. • Remove existing AC split system mounted to the exterior wall on the South side of the building • install five (5) new 3'x7' windows located on the South and East side of the building • Install new architectural elements to the fagade of the building along the East and South sides. • Install new canopy located on the South side of the building, which wraps around to the East side. • Install landscape elements on site and along Pratt Blvd, per Village landscape ordinance • Clean up all existing deferred maintenance on landscaping areas • Reset parking bumpers • Restore drainage ditch grade Please see the enclosed rendering and landscaping plans with the improvements noted. After the proposed improvements and subsequent reoccupation, the Applicant expects the property to have a stabilized market value of around $3,292,200, which would generate approximately $1,128,639 in taxes over the life of the incentive (or approx. $83,603 per year). Without the incentive, the Applicant may be unable to complete all planned improvements, retain Fintech as a long-term tenant, and may eventually be forced to sell the property, leaving it 100% vacant and unused. With full vacancy relief, the Subject Property would generate only $559,380 in taxes over the life of the incentive (or approx. $46,615 per year). Therefore, should the Class 6b tax incentive be approved, the Subject Property would generate between $569,259 in additional real estate taxes over the life of the Class 6b. Please see the attached "12 Year Tax Comparison Chart." As mentioned, in addition to increased taxes Fintech's employees are estimated to spend approximately $74,165 per year on Village goods and services. In total, the purchase, rehabilitation and reoccupation of the Subject will generate over $1,400,000 in additional revenue over the life of the incentive. loll 12 Year Tax Estimates 1090 Pratt Blvd. Elk Grove Village, Illinois (PIN: 08-35-104-045-0000) Estimated Taxes Based on: Purchase Price+ Approx. +1- $400,000 In Improvements 6 a 6b Compared to Current Market Value at Full Vacancy 3 No 6b Incentive Compared to Current Market Value d a 6b Incentive Compared to Current Market Value & no 6b Incentive Property Tax Revenue Generated Estimated Annual from the Property's Class 6b Tex 5569,259 Employee Impact of -10 f74156 Incentive. Full -Time Employees 6 -15 Part -Time Em pbyees Current Market Value 3 no 61, Incentive 12 Year Tax Estimates 1090 Pratt Blvd. Elk Grove Village, Illinois (PIN: 08-35-104-045-0000) Estimated Taxes Based on: Purchase Price+ Approx. +1- $400,000 In Improvements 6 a 6b Compared to Current Market Value at Full Vacancy 3 No 6b Incentive Compared to Current Market Value d a 6b Incentive Compared to Current Market Value & no 6b Incentive Property Tax Revenue Generated Estimated Annual from the Property's Class 6b Tex 5569,259 Employee Impact of -10 f74156 Incentive. Full -Time Employees 6 -15 Part -Time Em pbyees Current Market Value 3 no 61, Incentive E*tim*e4 Mrk*r VYw a*u*enmr L*v*I V4tlwul ..—Se, E*anab4 xx— V*lu* V4bum • clu* 1b E*-.- Tau* al —1 a Lla** W $1726,880 1 25% $431.720 $109.632 $1726,880 25% S431720 $109.632 $1.726.880 25% $431720 $109.632 $1,726.880 25% $431720 $109,632 $1,726.880 25% $431720 $109.632 $1,726,880 25% $431720 $109,632 $1726,880 25% $431720 $109,632 $1726,880 25% $431720 1109,632 $1726,880 25% $431720 $109,632 $1726,880 1 25% $431720 $109,632 $1726,880 25% S431,720 $109,632 $1726.880 1 25% $431,720 $109.632 Total Estimated Taxes (2025 to 2036) $1,315,584 Notes: - The 2023 Effective Tax Rate (the 2023 tar rate x the 2023 multiplier) was used. It does not take into account any increases or decreases in the Effective Tax Rate between 2024 and 2036. "The above is based on the assumption that the Class 61b Tax Incentive for the subject property will be granted in 2024 and activated in 2025 "'A 20% occupancy factor was applied to the 2024 Assessor Building Assessed Value, which was then added to the 2024 AssessorLand Assessed Value to create a revised 2024 Assessed Value with Total Vacancy Reduction The revised 2024 Assessed Value with Total Vacancy Reduction was then multiplied by 4 to create the "Estimated Market Value Based on the 2024 Cook County Assessed Value at Full Vacancy and No Improvements' The above estimates are speculative, and should be treated as such. 9/192024 Page 1 of 1 Detailed Construction Budget of Proposed Improvements Exterior costs: Mill and resurface parking lot $45,925 Remove existing Railroad spur, ties $16,000 Expand existing parking $84,650 Reconstruct loading dock apron/reset bumpers $23,800 Remove existing AC split system $1,000 Install five (5) windows $15,000 Install new overhead door $10,000 Install architectural elements/paint facade $70,750 Install new canopy $13,000 Install landscape elements $75,000 Clean up deferred landscaping maintenance $18,000 GC Overhead, supervision $56,000 TOTAL $429,125