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RESOLUTION - 2-26 - 1/13/2026 - CLASS 6B Status 2400 Pratt Blvd.
RESOLUTION NO.2-26 A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 611 STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE AS AMENDED DULY 27, 2018, FOR CERTAIN REAL ESTATE LOCATED AT 2440 PRATT BOULEVARD, ELK GROVE VH-LAGE, 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 2440 Pratt Boulevard, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-35-403-067-0000, 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 I: That the request of the Petitioner to have certain real estate located at 2440 Pratt Boulevard, Elk Grove Village, Cook County, Illinois, and identified by Property Index Number 08-35-403-067-0000 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: LOT 12 (EXCEPTING THEREFROM THE WEST 1431.80 FEET) IN CENTREX INDUSTRIAL PARK UNIT NO. 2 BEING A SUBDIVISION IN SECTION 35, TOWNSHIP 41, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT OF SUBDIVISION FILED ON OCTOBER 24, 1958 AS LR1825316, 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 08-35-403-067-0000. 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 the approval of this Resolution: a. The rear detention pond must be drained and restored to its original contours, and any non- functioning sewers must be repaired or replaced, including an 8" under -drain that acts as the restrictor. This refers to the pond just north of the building between the tracks; a. Loading dock brought up to Village standards; b. Damaged curb and gutter on parking lot aprons shall be removed and replaced; c. West parking lot shall be seal -coated and striped; d. All ditches and overgrowth along the on -site spur track must be removed; e. Landscape updated. 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 ABSENT: 1 PASSED this 13th day of January 2026. APPROVED this 13th day of January 2026. V Mayor Craig Johnson Village of El Grove Village ATTEST: Ort�y& - M&4-'V� 3Vnailer . Mahon, Village Clerk rxrEm T. Aw 43BrBID=0 OF I.ISTON & TSANTILIS A FROH'E96IONAL CORPORATION 33 NORTH 1AARA1•LF. STREET, 2STH FLOOR CHICAIGO. 17.T.M01860002 $RTAN p LISTON (312) 580-115S4 PETER TSAN'r r.IS (312) 004-aSOR k_i0SIMi1,E (3= 580-3.592 December 29, 2025 VIA MAIL & EMAIL Elk Grove Village ATTN: Sue Dees 901 Wellington Avenue, Elk Grove Village, Illinois 60007 RE: Class 6b Resolution Reauest AG — MVP Pratt Blvd Owner, L.L.C. 2440 Pratt Blvd* (See Note) Elk Grove Village, IL 60007 PIN: 08-35-403-067-0000 Dear Sue: AG — MVP Pratt Blvd Owner, L.L.C. (the "Applicant" or "Matterhorn") is the contract -purchaser 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 Subject Property has been physically vacant and unused since approximately January 31, 2024. Current Site Characteristics & Applicant Background The property currently consists of an approximately 184,902 square foot rail -served industrial facility, sited on 312,526 square feet of land. The property was built in 1981, updated in 2001 and currently features 10,177 square feet of office space, 17 exterior docks, two (2) drive -in -doors, 24' clear height, and approximately 114 vehicle parking stalls. The property is zoned I-2, General industrial district which provides for a wide range of manufacturing, industrial and warehousing activities, with generally larger and potentially more intensive activity than the I-1 Zoning District. The site is strategically located just minutes to O'Hare International Airport, central to I-290,1-390, I-294, I-90 and I-355, including access to a sizable and skilled work force, and close proximity to restaurants, shopping and hotels. The site is currently under contract with Matterhorn, who plans to significantly renovate the site for future leasing. Matterhorn Venture Partners is a Chicago -based real estate investment firm focused on the acquisition, improvement, and long-term stewardship of commercial real estate assets throughout the United States. The firm emphasizes value -add investments where strategic capital improvements, responsible management practices, and reinvestment in existing properties can enhance building functionality and support surrounding economic activity. Matterhorn Venture Partners works in partnership with private and institutional investors and takes a hands-on, ownership -oriented approach that prioritizes stable operations, high -quality tenants, and long-term asset performance. Through disciplined underwriting and active management, the firm seeks to strengthen the properties it owns while contributing positively to the communities in which it operates. Pro'ected Jobs I in rovements & FiscaI Impact The Applicant does not yet have a tenant for the space, but after renovations, plans to market the site to suitable industrial tenants in the warehousing/distribution/manufacturing sector. Depending on the type of user, the Applicant expects employment of around 30 —100 individuals. The Applicant expects the these employees to frequent Village restaurants, gas stations, stores and more. The Applicant also expects the eventual Occupant to attract customers who will also frequent nearby establishments. Based on the Employee Economic Impact Charts below, 30 — 100 Rill time employees could generate between $127,125 to $423,750 in additional Village revenue. Employee Economic Impact Chart Purchase Emp. % ExpJWeek Weeks Total Lunch 30 55% $55 50 $45,375 Grocery 30 30% $50 50 $22,500 Consumer Goods 30 25% $35 50 $13,125 Entertainment 30 15% $55 50 $12,375 Auto -Gas 30 75% $30 50 $33,750 TOTAL $127,125 TOTAL OVER 12 YEARS $1,525,500 Employee Economic Impact Chart Purchase Emp. % ExpJWeek Weeks Total Lunch 100 55% $55 50 $151,250 Grocery 100 30% $50 50 $75,000 Consumer Goods 100 25% $35 50 $43,750 Entertainment 100 15% $55 50 1 $41,250 Auto -Gas 100 75% 1 $30 50 $112,500 TOTAL $423,750 TOTAL OVER 12 YEARS $5,085,000 Assuming the incentive is granted, the Applicant plans to purchase the property for $29,925,000 and invest over $1,000,000 to make various improvements and upgrades to the site. As part of these improvements, the Applicant plans to invest over $390,000 in parking lot & landscaping improvements, over $40,000 on roofing, metal & steel, over $40,000 on carpentry, electrical and painting/decorating, and over $350,000 on new exterior paneling. 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 $30,761,530, which would generate approximately $11,050,283 in taxes over the life of the incentive (or approx. $818,539 per year). Without the incentive, the Applicant will not purchase the site, leaving the facility vacant and unused. With full vacancy relief, the Subject Property would generate only $4,940,623 in taxes over the life of the incentive (or approx. $411,719 per year). Therefore, should the Class 6b tax incentive be approved, the Subject Property would generate between $6,109,66i in additional real estate taxes over the life of the Class 6b. Please see the attached "12 Year Tax Comparison Chart." "But -For" Condition Statement Without assistance from the Class 6b Tax Incentive, the Applicant will not improve nor purchase the site, leaving it vacant and unused. The Applicant has determined that without the incentive, the heavy Cook County property tax burden (26.609% Effective Tax Rate) will make the proposed project infeasible. In the event that the Applicant does not purchase/renovate the property it will remain vacant thereby lowering its total taxes. THE LAW OFFICES OF LISTON & TSANTILIS 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, W�'24� Z?"-d_ Mark Rogers Address Note* 2440 Pratt Blvd, Elk Grove Village, IL 60007 PIN: 08 -3 5-403-067-0000 Please note that while Seller, Purchaser & Village GIS all consider the site address as 2440 Pratt Boulevard the common address of the Subject Property, the Cook County Assessor has the site listed as 1000 Pratt Boulevard. Upon closing, the Purchaser will petition Cook County to correct the address to list 2440 Pratt Boulevard as the official County common address. COOK COUNTY ASSESSOR FRITZ KAEGI ` cur COOK COUNTY ASSESSORS OFFICE of r 118 NORTH CLARK STREET, CHICAGO, IL 60602 �. PHONE:312.443.7550 FAx:312.603.6584 err o,ti WWW.COOK000NTYASSESSOR.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 $500.00, 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: AG -MVP Pratt Blvd Owner, L.L.C. Company: Matterhorn Venture Partners LLC Address: 939 W. North Avenue, Suite 830 City: Chicago Email: tina@matterhornvp.com Contact Person (if different than the Applicant) Name: Tina Ramos Company: Matterhorn Venture Partners LLC Address: 939 W. North Avenue, Suite 830 City: Chicago Email: tina@matterhornvp.com Property Description (per PIN) Telephone: ( 708 ) 204-5247 State: IL Zip Code: 60642 Telephone: (708 ) 204-5247 State: IL Zip Code: 60642 If you are applying for more than three different PINs, please submit the additional PIN information in an attachment. Street Address: (1) 2440 Pratt Blvd. Permanent Real Estate Index Number: 08-35-403-067-0000 (2) Permanent Real Estate Index Number: (3) Permanent Real Estate Index Number: City: Elk Grove Village Township: Elk Grove State: I L Zip Code: 60007 Existing Class: 5-93 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 naives 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. 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? 30-100 depending on tenant use. How many new permanent ft l-time jobs will be created by this proposed development? 30-100 depending on tenant use. part Nature of Development Indicate nature of proposed development by checking the appropriate space: [ ] New Construction (Read and Complete Section A) X Substantial Rehabilitation (Read and Complete Section A) Incentive only applied to the market value attributable to the rehabilitation X 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) SECTION A {NEW CONSTR UCTION/SUBSTAN TIAL 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: Approx. Q4 2026 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. 1s1 floor plan or schematic drawings 4. Building permits, wrecking perniits 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) SECTION B ABANDONED PROPERTY WITH NO SPECIAL CIRCUMSTANCE) If the proposed development consists of the reoccupation of abandoned property, purchased for value, complete (1) and (2) below: I. Was the subject property vacant and unused for at least 12 continuous months prior to the purchase for value? RYES [ ] NO When and by whom was the subject property last occupied prior to the purchase for value? The property has been physically vacant since January 31, 2024. 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) Infonnation (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. Q1 2027 Approx. Q1 2026 AG -MVP Pratt Blvd Owner, L.L.C. BCORE CORRIDOR PRATT BLVD LLC None SECTION C L, PECIAL 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 parry 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 CEERMProgram, qualifying industrial real estate would be eligiblefor the Class 6B level ofassessment 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, 1 S% in the 11 th 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 ,20 LOCAL APPROVAL 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 unincorporated area) should accompany this Application. The ordinance or resolution must expressly state that the municipality supports and consents to this Class 6B Application and that it finds Class 6B necessaryfor 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 confirming that a resolution or ordinance supporting the incentive has been requested, the applicant must file a letter from the County Board confinning 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 6B 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 (www.cookcountyassessor.com) to determine the allowable filing dates for such action. When filing an appeal requesting an Incentive Class Change, a $100.00 lwfin - 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, certify that I have read this Application and that the statements set forth in this Application and in the attachments hereto are true and correct, except as those matters stated to be on information and belief and as try such matters, the undersigned certifies that he/she believes the same to be true. '*-� U V 12/18/2025 Signature Date Christina Ramos Print Name Authorized Signatory Title 41112022 VACANCY AFFIDAVIT Dmcmbr:r 29 .2025 1, tithe undersigned, not individually but for Link Logistics local l;statc Management LLC: as agent for BCDR1E -CORRIDOR PRATT BLVD LLC, a Delaware limited liability company ("Selleel, if callod t6 testify, would sum to the following facts on behalf of Seller, "at l am an agent for Seller, which is the former owner.of the property located. at 244A Pratt; talk Grove Village, Illinois (PIN- 08-35-403-057-0000) (the "Subject Property"). 2. On or prior to Janamy 31, 2024, the Subject Property became :100% physically vacant, and as ofthe date hereon the Subject Prope* remains 100% physically vacant. In, no event shalt trite individual executing this Vacancy Affidavit on behalf of Seller have any personal iiability.hercunder. OFFICIAL SEAL MARI9EL SALINAS Hotsry PuRC, Stag of ltsn0ia Cflmmisslne Ha.87ili�i My Camrnission EXVInW June IS, 2029 Subscri-bed and sworn before me This .2"�' dayof ,-c-e _5 Signature of No Public Furd= Aunt Sayeth Not Lank Logistics Real Estate Management LLC as agent for SCORE CORRIDOR PRATT BLVD LLC, a Delaware limited liability company �� By: ` .�� Name; Katie Lightbou Its: Director, Property Tax - EDS AFFIDAVIT 1, Ur 011A s agent for AG -MVP Pratt Blvd Owner, L.L.C. (the "Applicant") does hereby certify that it would attest to the following facts as required by Sections 74-06 and 74-62 through 74-73 of the Cook County Code if called to testify. 1. That I am a duly authorized agent for the Applicant, who is the contract -purchaser of the property located at 2440 Pratt Blvd., Elk Grove. Village, IL 60007 (PIN: 08-35- 403-067-0000) (the "Subject Properly'). 2. The Applicant does not hold title to any other property in Cook County. 3. Applicant's ownership is as follows: AG -MVP Portfolio Parent I, LLC — l 00% Ownership 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. Furth r A t Saye t Date: Subscribed and sworn before me This 18 day of December , 2025 OFFICIAL SEAL STEPHANIE N MAFI7INEZ tery Publlt. State of tulnois i -07W&W Commission No.866901 My Commission Expires Deco mber 08, 2079 Petition Form for Class 6B Program For Office Use Only Address of Subject Property: 2440 Pratt Blvd. Elk Grove Village, Illinois 60007 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. 4pVEY PETITION FOR COOK COUNTY CLASS 6B VILLAGE OF ELK GROVE VILLAGE We, the undersigned, being owners of record of the following described real estate, do hereby request that the following business and legally described real estate be granted a Cook County Class 6B Property Tax Abatement: Business: AG -MVP Pratt Blvd Owner, L.L.C. (Applicant) - TBD (Occupant) Address: 2440 Pratt Blvd., Elk Grove Village, 60007 Permanent Real Estate Tax Index No. 08-35-403-067-0000 Assessed Valuation 20 23 (last 3 years) 2024 $2,126,117 $2,126,117 2025 $2,770,000 Attach Legal Description of Property Owners of 1L1eftr ,sties Real Estate Management LLC as agent for Print Name: BCORE CORRIDOR PRATT BLVD LLC PO Box 2980, Chicago, IL 60690 (Address City, State) Phone: 773-307-6107 Email: katie.iightbourn@linklogistics.com Business Applicant's Name: Print Name: Christina Ramos Signature: r<4"6t^' N/A Sign ture: AG -MVP Pratt Blvd Owner, L.LC. (Matterhorn Venture Partners LLC Business/Corporation Name 939 W. North Avenue, Suite 830, Chicago, Illinois 60007 (Address City, State) Phone: (708) 204-5247 Email: Tina@Matterhornvp.com Fax: N/A 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 611 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 individuals}; s Title Tract Search, or 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. c Z F VILLAGE OF ELK GROVE VILLAGE, ILLINOIS Petition for Cook County Class 6B 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 613 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 613 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 S. 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 V i Ilage of Elk Grove Village to meet the following: 1. $1,000.00 filing fee. Documents and fees are to be submitted to the Village Manager's Office, Attn: Director of Marketing & Business Development, 901 Wellington, Elk Grove Village, Illinois 60007. II - REVIEW AND PROCESSING Upon receipt of the petition for Cook County Class 6B Property Tax Abatement and fee, the Director of Business Development & Marketing will: A. Examine the request for compliance with the above requirements for information, documents and fees. Incomplete inquiries will be returned to the petitioner or applicant for their action. Step "B" will be taken when all petition requirements have been fulfilled. B. Distribute petition and required documents for departmental review and comment by Village Manager's Office, Community Development, Public Works, and Finance. Departments will submit written comments to Director of Business Development & Marketing. C. Department comments will be communicated to applicant for correction. D. When your application is determined to be complete by staff, the petition will be presented to the Mayor & Board of Trustees at the next regularly scheduled Village Board Meeting for consideration. E. Fully completed petitions will be reviewed by the Mayor & Board of Trustees to ensure that the project has a clear and demonstrated benefit to the community. If the project is deemed to have merit and the Applicant has demonstrated that the project could not occur without the assistance provided by the Cook County Class 6B Property Tax Abatement, then the Mayor & Board of Trustees will provide the applicant with a Letter of Receipt from the Village. This letter may be used to inform the Cook County Assessor's Office that Elk Grove Village is in receipt of the Applicant's request for a Cook County Class 6B Property Tax Abatement. The Letter of Receipt is not a guarantee of approval and the Applicant can move ahead with their project at their own risk. F. The Village will maintain contact with the applicant to ensure that the stated obligations have been met. G. Once the stated obligations have been met, Village staff will present a Resolution of Support to the Mayor & Board of Trustees at a regularly scheduled Village Board Meeting for consideration. III -FINAL ACTION Upon their review, the Mayor and Board of Trustees at a Village Board Meeting will: A. Deny the request B. Approve the request with or without modification C. Adopt appropriate resolution If approved, the Applicant will receive a certified copy of the Village's Resolution in support of the Cook County Class 6B Property Tax Abatement. NOTE: While the Village will do its best to expedite the review and approval process, applicants should allow at least 30 days for review by staff and consideration by the Mayor & Board of Trustees. Furthermore, additional time may be needed depending on the complexity of the development. oT `" VILLAGE OF ELK GROVE VILLAGE, ILLINOIS Petition for Cook County Class 611 Property Tax Abatement Eligibility Checklist In order to be considered for the Cook County Class 6B 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 land purchase) 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 6B 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 tune -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. i F Elk Grove Village Class 613 Property Tax Terms and Agreement 2440 Pratt Blvd. 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 WITNES HERI Village of Elk rove Village 901 Wellingt t venue Elk Grove llage, Signed: Name: Craig B. Johnson / Title: Mayor Jf Date: ttest: en er : ahon, Village Clerk parties hereto have executed this Agreement as set forth below: AG -MVP Pratt Blvd Owner, L.L.C. 2440 Pratt Blvd, Elk Grove Vill e, IL 60007 Signed: Name: Christina Ramos Title: Authorized Signatory Date:12/18/2025 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. The rear detention pond is full of water. This is a dry -bottom detention pond. The pump that was installed as part of the detention may not be functioning. All pumps and storm sewers must be inspected to ensure they are functioning properly. The pond must be drained and restored to its original contours, and any non-functioning sewers must be repaired or replaced, including an 8" under -drain that acts as the restrictor. This refers to the pond just north of the building between the tracks. 2. The loading dock and aprons need to be replaced. a. Dock retaining walls have cracks and missing concrete that need to be patched. b. The loading dock railing is bent and needs to be replaced. c. Damaged curb and gutter along the truck park shall be removed and replaced. 3. Damaged curb and gutter on parking lot aprons shall be removed and replaced. 4. West parking lot shall be seal -coated and striped. 5. All ditches and overgrowth along the on -site spur track must be removed. 6. Landscaping is dated and needs to be updated. Legal Description, Site and Building Square Footage 2440 Pratt Blvd, Elk Grove Village, IL 60007 PIN: 08-3 5-403-067-0000 The property currently consists of an approximately 184,902 square foot rail -served industrial facility, sited on 312,526 square feet of land. The property was built in 1981, updated in 2001 and currently features 10,177 square feet of office space, 17 exterior docks, two (2) drive -in -doors, 24' clear height, and approximately 114 vehicle parking stalls. The Subject Property has been physically vacant and unused since approximately January 31, 2024. The property is zoned I-2, General industrial district which provides for a wide range of manufacturing, industrial and warehousing activities, with generally larger and potentially more intensive activity than the I-1 Zoning District. The site is strategically located just minutes to O'Hare International Airport, central to I-290, I-390, I-294, I-90 and I-355, including access to a sizable and skilled work force, and close proximity to restaurants, shopping and hotels. The site is currently under contract with Matterhorn, who plans to significantly renovate the site for future leasing. Attached hereto please find: ■ Legal Description • Survey ■ Aerial of Subject Property • Street View of the Subject Property • Marketing Brochure/Floor Plan • Site Plan/Renderings/Landscaping Plan LEGAL DESCRIPTION LOT 12 (EXCEPTING THEREFROM THE WEST 1431.80 FEET) IN CENTREX INDUSTRIAL PARK UNIT NO.2 BEING A SUBDIVISION IN SECTION 35, TOWNSHIP 41, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT OF SUBDIVISION FILED ON OCTOBER 24, 1958 AS LR1825316, IN COOK COUNTY, ILLINOIS Commonly Known As: 2440 Pratt Boulevard, Elk Grove Village, Illinois 60007 PIN: 08-35-403-067-0000 s; r(� ash _ gg i s� �s tt 43 _ LI g i� C4 r lViCHO}.145 �pULE' a� �g�3 �� o tyros = w a y7 s: = K � 1 v s 0wo I N � r � Ip�l 1 I a} Z � a O R Ova s a t ai3�. ° lax81 Il�lli�l I a � N call I I � ' 1 I I I a gSI � e a ��@lii3l9$s�??9�1a�10 •e•®•••aI'i �Y�?piPIV €§82�i€el�ee.el�4a� z o 8 S 33 �� CYI%3[iiY F . $g x-585FY a y o v I% QI 'IyJ RIEI DIE] u L) n } I - 10 toy ■ C4 rm 6w to x A m f,C 7� tJ,: I t m Owned and Operated by FOR SALE/LEASE ` ` LINK RENOVATED RAIL -SERVED FACILITY 2440 Pratt Blvd, Elk Grove Village, IL ±81,967-184,902 SF BUILDING HIGHLIGHTS Building SF 184,902 Available SF 81,967-184,902 Office SF 5,177-10,177 06 Ceiling height 24' Exterior docks 6-17 Drive-in doors 1-2 Auto parking 79-114 spots rsrA Rail (UP) 3-6 spots ea■ ° ° Brian Colson (312) 259-1577 / brian,colson@avisonyoung.com Brian Pomorski (708) 912-2807 / brian,pomorsk @avisonyoung,com __• — AVISON YOUNG The information contained herein has been obtained from sources believed to be reliable but is not warranted, .We cannot be responsible for errors omissions, withdrawal, or prior lease or sale, RENOVATED RAIL -SERVED FACILITY 1 2440 Pratt Blvd, Elk Grove Village, IL Owned and Operated by L LINK BUILDING LAYOUT 1 81,967-184,902 SF AVAILABLE 1. re 1 e. mil.......... ram. P m..... w21Y�1+rrr IINMIMMMMI.M+MMIMM/I ... N.MHe.Wy.1,yM,/is,4�µ .H..in — RAIL MORS I oo�vn 4 1 I� k I 1 , IIII ' it - j` Available St Ibleass - z l cr a a a W cc t = ,In ' � s ��I♦��� ���1i III IA ����� - ' 6 DOCKS 11 OOCKS � 1 1 1� YYY. Y 1A >1w=i1�I1Cp 11 m.! v .. 1 — �1 •� 11 C�� — • - w I11Y PRATT BOULEVARD RENOVATED RAIL -SERVED FACILITY 1 2440 Pratt Blvd, Elk Grove Village, IL Owned and Operated by AIL` LINK RECENTLY RENOVATED OFFICE 1 5,177 SF MECHANICAL FLOOR PLAN NORTH IT') 9CALGV8' - i'-0' RENOVATED RAIL -SERVED FACILITY 1 2440 Pratt Blvd, Elk Grove Village, IL Owned and Operated by WL LINK AERIAL Downtown Chfoago 294 ©'Hare Airport .-� =- _ �'�"- 190 ram_--�---•• �—�-� Elmhurst _ s`. r Yor[c fo �►tr - s Read ti Road. '---�- u Busse wy Goad AL__ . min '.�._. � � �•' • � � LLI m 4 LU w 52lo� I 0 r. .'�• .i,� �. 9 L i� yy 4 S 0 2 y „er1 I m � 2 T- N � x � T V =� Wf Q `= V � C jt w {j i W 0 7C) Q 7 Q Y W �7 w a asi ,- -_- SIONMI I3IOVTIA 3AOHJ N-G inNIAV 11VHd 047Z s - SNV�d 3dVQSGNV� ;r Y � � f4Ry g8� - _r, � o=� � �6• _a pE e � a ^�9u x` � R' � _ `a (p� aarb ; qq� ° Q - - _ `a • -- 3� TCTiTI = p OL 0.9 II d u T u W u 4 i 0� ,I Z c [ , LLJ S � � xg �R W u � I _3 ZW p00 wzd !1 Aft -`L 12 Identification of Persons Having an Interest in the Property 2440 Pratt Blvd, Elk Grove Village, IL 60007 PIN: 08-35-403-067-0000 Applicant: AG — MVP Pratt Blvd Owner, L.L.C. See enclosed organizational chart. Occupaiit[s]: TBD The Applicant does not yet have a tenant for the space, but after renovations, plans to market the site to suitable industrial tenants in the warehousing/distribution/manufacturing sector. 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A Ca 4N r^I Imo- m -1 .^I � rl- C7 bn N a� r ; `` C � LD o-1 M o N m 0 T 0. m 'd` 07 q` -I C r + +err x N N tNV N �N 6 'n ai N N N CD N N N «I g Property Location: 1000 PRATT BLVD ELK GROVE VILLAGE, IL 60.007-0D00 Volume: 050 Incorrect Image? Click Here. Are Your Taxes Paid? Tax Year 2023 (billed in 2024) Total Amount Billed: $539,910.81 Mailing Information: IVARIBEL SALINAS PO BOX 2960 CHICAGO, IL 60690-2980 Update Your Information Scroll down for more information. . aAa ±1a i Original Billed Amount: S285,714,86 original Billed Amount: S254.195.95 Due Date: 03101, 2024 Due Date: OB10112024 Tax: 50.00 Tax: $0.00 Interest: St]_00 Interest: $0.00 Current Amount Due: S0.00 Current Amount Due: $0.00 Total Amount Due: Tax Year 2024 (billed in 2025) Total Amount Billed: $565,762.72 Original Billed Amount: $296,95fI.45 original Billed Amount: $268,811.77 Due Date: 03/0412025 Due Date: 12/15/2025 Tax: 8000 Tax: W'00 Interest: S0.00 Interest: $0.00 Current Amount Due: $0.00 Current Amount Due: $0.00 Total Amount Due: 80.00 About payments: Payments are recorded the date they are received. They appear on the website about three business days later. 2023 Second Installment Property Tax Bill - Cook County Electronic Bill $0•00 Property Index Number (PIN) Volume Code Tax Year (Payable In) Township Classification By 01/15/2026 08-35-403-067-0000 050 16144 2023 (2024) ELK GROVE 5-93 IF PAYING LATE, 01/16/2026 - 02/15/2026 02/16/2026 - 03/15/2026 03/16/2026 - 04/15/2026 LATE INTEREST IS 0.75% PER PLEASE PAY $0.00 $0.00 $0.00 MONTH, BY STATE LAW YOUR TAXING DISTRICTS INHERE YOUR MONEY GOES Total 2023 Tax Bill $539,910.81 $20,429.24 MORE than 2022 Taxing District 2023 Tax 2022 Tax Difference TIF Vil of Elk Grove-Busse/Elmhurst $425,989.63 $384,104.67 $41,884.96 More Community Consolid. SD 59 Arlington Hts $39,417.08 $46.070.59 -$6,653.51 Less Township HS District 214 (Arlington Hts) $33,084.37 $38,100.57 -$5,016.20 Less Village of Elk Grove $10.730.43 $13,380.56 -$2,650.13 Less Elk Grove Park District $8,660.12 $10,691.49 -$2,031.37 Less Harper College Comm College 512 Palatine $5,588.48 $6,641.68 -$1,053.20 Less Metro Water Reclamation Dist of Chicago $4,668.35 $6,058.51 -$1,390.16 Less Elk Grove Village Library $3,978.24 $4,827.37 -$849.13 Less County of Cook $2,300.35 $4,017,40 -$1,717.05 Less Cook County Public Safety $1,880.87 $1,717.12 $163.76 More Cook County Health Facilities $1,041.92 $1,247 34 -$205.42 Less Cook County Forest Preserve District $1,014.86 $1,312.14 -$297.28 Less Town of Elk Grove $690.10 $809.96 -$119.86 Less Consolidated Elections $433.01 $0.00 $433.01 More Road & Bridge Elk Grove $162.38 $194.39 -$32.01 Less Northwest Mosq Abatement Dist Wheeling $135.31 $145.79 -$10.48 Less General Assistance Elk Grove $135.31 $161.99 -$26.68 Less DO NOT PAY THESE TOTALS $539,910.81 $619,481.57 $20,429.24 More The above breakdown displays how much you pay in property taxes to each taxing district and the change from last year. Please see reverse side for a detailed breakdown by Taxing District. 2022 Assessed Value 2,126,116 2023 Total Tax Before Exemptions 539,910.81 Homeowner's Exemption .00 Senior Citizen Exemption .00 2023 Assessed Value 2,126,116 Senior Freeze Exemption .00 2023 State Equalizer X 3.0163 2023 Equalized Assessed Value (EAV) 2023 Total Tax After Exemptions 6,413,004 539,910.81 2023 Local Tax Rate X 8.419000 % First Installment 285,714.86 2023 Total Tax Before Exemptions Second Installment + 254,195.95 539,910.81 Total 2023 Tax (Payable in 2024) 539,910.81 MARIBEL SALINAS 1000 PRATT BLVD PO BOX 2980 ELK GROVE VILLAGE IL 60007 5121 CHICAGO IL 60690-2980 BREAKDOWNTAXING DISTRICT Taxing Districts 2023 Tax 2023 Rate 2023 % Pension 2022 Tax MISCELLANEOUS TAXES Northwest Mosq Abatement Dist Wheeling 135.31 0.010 0.03% 145.79 Metro Water Reclamation Dist of Chicago 4,668.35 0.345 0.86% 487.13 6,058.51 Elk Grove Park District 8,660.12 0 640 1.60% 798.35 10,691 49 Miscellaneous Taxes Total 13,463.78 0.995 2.49% 16,895.79 SCHOOL TAXES Harper College Comm College 512 Palatine 5,588.48 0 413 1.04% 6,64168 Township HS District 214 (Arlington Hts) 33,084.37 2.445 6.13% 595.38 38,100.57 Community Consolid SD 59 Arlington Hts 39,417.08 2.913 7.30% 933.67 46,070 59 School Taxes Total 78,089.93 5.771 14.47% 90,812.84 MUNICIPALITYITOWNSHIP TAXES TIF Vil of Elk Grove-Busse/Elmhurst 425,989.63 0.000 78.90% 384,104.67 Elk Grove Village Library 3,97824 0.294 0 74% 4,827.37 Village of Elk Grove 10,730.43 0.793 1.99% 5,290.79 13,380.56 Road & Bridge Elk Grove 162.38 0.012 0.03% 194.39 General Assistance Elk Grove 13531 0.010 0 03% 161.99 Town of Elk Grove 690.10 0.051 0.13% 809.96 Municipality/Township Taxes Total 441,686.09 1.160 81.82% 403,478.94 COOK COUNTY TAXES Cook County Forest Preserve District 1,014.86 0.075 0.19% 13.53 1,312.14 Consolidated Elections 433.01 0.032 0.08% 0.00 County of Cook 2,300.35 0.170 0 41% 419.47 4,017,40 Cook County Public Safety 1,880.87 0.139 0 35% 1,717.12 Cook County Health Facilities 1,041 92 0.077 0.19% 1,247.34 Cook County Taxes Total 6,671.01 0.493 1.22% 8,294.00 (Do not pay these totals) 539,910.81 8.419 100.00% 619,481.57 *-Visit cookcountyclerk. corn for information about TIFs and for TIF revenue distributions. Pursuant to Cook County Ordinance 07-0-68, if you are a mortgage lender, loan servicer, or agent of any entity within the meaning of 35 ILCS 200120-12, you may not pay using a downloadable tax bill unless you pay the $5 duplicate bill fee. *** Please see 2023 Second Installment Payment Coupon next page *** TOTAL' AT ' 2024 Second Installment Property Tax Bill - Cook County Electronic Bill $0.00 Property Index Number (PIN) Volume Code Tax Year (Payable In) Township Classification By 01/16/2026 08-35-403-067-0000 050 16144 2024 (2025) Elk Grove 5-93 IF PAYING LATE, 01/16/2026 - 02/15/2026 02/16/2026 - 03/15/2026 03/16/2026 - 04/15/2026 LATE INTEREST IS 0.75% PER PLEASE PAY $0.00 $0.00 $0.00 MONTH, BY STATE LAW YOUR TAXING DISTRICTS WHERE YOUR MONEY GOES Total 2024 Tax Bill $565,762.72 $25,851.91 MORE than 2023 Taxing District 2024 Tax 2023 Tax Difference TIF VIL OF ELK GROVE VILLAGE-BUSSE/ELMHU $428,696.85 $425,989.63 $2,707.22 More SCHOOL DISTRICT C C 59 $48,451.43 $39,417.08 $9,034.35 More ARLINGTON HTS TWNSHP H S 214 $40,251.97 $33,084.37 $7,167.60 More VILLAGE OF ELK GROVE VILLAGE $12,204.67 $10,730.43 $1,474.24 More ELK GROVE PARK DISTRICT $10,731.97 $8,660.12 $2,071.86 More HARPER COMMUNITY COLLEGE DISTRICT 512 $6,778.90 $5,588 48 $1,190.42 More METRO WATER RECLAMATION DIST OF GR CHGO $5.323.04 $4,668.35 $664.69 More VILLAGE OF ELK GROVE VILLAGE LIBRARY $4,807.27 $3,978.24 $829.03 More COUNTY OF COOK $3,676.27 $2,300.35 $1,375.92 More COUNTY OF COOK HEALTH & HOSPITAL COMM $1,217.09 $1,041.92 $175.17 More PUBLIC SAFETY PUBLIC SAFETY $1,211.83 $1,041.92 $169.91 More FOREST PRESERVE DISTRICT OF COOK COUNTY $1,072.42 $1,014,86 $57.66 More TOWN ELK GROVE $841.68 $690.10 $151.58 More TOWN ELK GROVE ROAD FUND $184.53 $162.38 $22.16 More NORTHWEST MOSQUITO ABATEMENT DISTRICT $164.50 $135.31 $29.19 More GENERAL ASSISTANCE ELK GROVE $148.30 $135.31 $12.99 More CONSOLIDATED ELECTIONS $0.00 $433.01 -$433.01 Less DO NOT PAY THESE TOTALS $565,762.72 $639,910.81 $25,851.91 More The above breakdown displays how much you pay in property taxes to each taxing district and the change from last year Please see reverse side for a detailed breakdown by Taxing District. TAX CALCULATOR IMPORTANT MESSAGES 2023 Assessed Value 2,126,117 2024 Total Tax Before Exemptions 565,762.72 2024 Property Value 8,504,467 Homeowner's Exemption .00 2024 Assessment Level X 25% Senior Citizen Exemption .00 2024 Assessed Value 2,126,117 Senior Freeze Exemption .00 2024 State Equalizer X 3.0366 2024 Equalized Assessed Value (EAV) 2024 Total Tax After Exemptions 6,453,828 565,762.72 2024 Local Tax Rate X 8.766312% First Installment 296,960.96 2024 Total Tax Before Exemptions Second Installment + 268,811.77 665,762.72 Total 2024 Tax (Payable in 2025) 565,762.72 THANK YOU FOR YOUR FIRST INSTALLMENT PAYMENT OF: $296960.95 MARIBEL SALINAS 1000 PRATT BLVD PO BOX 2980 ELK GROVE VILLAGE IL 60007 CHICAGO IL 60690-2980 TAXING DISTRICT BREAKDOWN Taxing Districts 2024 Tax 2024 Rate 2024 % Pension 2023 Tax MISCELLANEOUS TAXES NORTHWEST MOSQUITO ABATEMENT DISTRICT 164.50 0.01052 0.03% 135.31 METRO WATER RECLAMATION DIST OF GR CHGO 5,323.04 0.34044 0.94% 553.48 4,668.35 ELK GROVE PARK DISTRICT 10,731.97 0.68638 1.90% 731.76 8,660.12 MISCELLANEOUS TAXES TOTAL 16,219.51 1.03735 2.87% 13,463.78 SCHOOL TAXES HARPER COMMUNITY COLLEGE DISTRICT 512 6,778.90 0.43355 1.20% 5,588.48 ARLINGTON HTS TWNSHP H S 214 40,251.97 257439 7,11% 725.66 33,084.37 SCHOOL DISTRICT C C 59 48,451.43 3.09880 8.56% 83566 39,417.08 SCHOOL TAXES TOTAL 95,482.30 6.10675 16.87% 78,089.93 MUNICIPALITYITOWNSHIP TAXES TIF VIL OF ELK GROVE VILLAGE-BUSSE/ELMHU 428,696.85 0.00000 75.77% 425,989.63 VILLAGE OF ELK GROVE VILLAGE LIBRARY 4,807.27 0.30745 0.85% 3,978.24 VILLAGE OF ELK GROVE VILLAGE 12,204.67 0.78057 2.16% 6,415.16 10,730.43 TOWN ELK GROVE ROAD FUND 184.53 0.01180 0.03% 162.38 GENERAL ASSISTANCE ELK GROVE 148.30 0.00948 0.03% 135.31 TOWN ELK GROVE 841.68 0.06383 0.15% 69010 MUNICIPALITY(TOWNSHIP TAXES TOTAL 446,883.30 1.16314 78.99% 441,686.09 COOK COUNTY TAXES FOREST PRESERVE DISTRICT OF COOK COUNTY 1,072.42 0.06858 0.19% 89.92 1,014.86 CONSOLIDATED ELECTIONS 0.00 0.00000 0.00% 433.01 PUBLIC SAFETY PUBLIC SAFETY 1,211.83 0.07750 0.21% 1,041.92 COUNTY OF COOK HEALTH & HOSPITAL COMM. 1,217.09 0.07784 0.22% 1,041 92 COUNTY OF COOK 3,676.27 0.23512 0.65% 1,236.46 2,300.35 COOK COUNTY TAXES TOTAL 7,177.61 0.45905 1.27% 6,671.01 (Do not pay these totals) 565,762.72 8.76631 100.00% 539,910.81 *-Visit COOKCOUNTYCLERKIL.GOV for info about TIFS And TIF revenue distributions Pursuant to Cook County Ordinance 07-0-68, if you are a mortgage lender, loan servicer, or agent of any entity within the meaning of 35 ILCS 200/20-12, you may not pay using a downloadable tax bill unless you pay the $5 duplicate bill fee. *** Please see 2024 Second Installment Payment Coupon next page *** Developer Information & Projected Emplovment 2440 Pratt Blvd, Elk Grove Village, IL 60007 PIN:08-35-403-067-0000 The property is zoned I-2, General industrial district which provides for a wide range of manufacturing, industrial and warehousing activities, with generally larger and potentially more intensive activity than the I-1 Zoning District. The site is strategically located just minutes to O'Hare International Airport, central to I-290, I-390, I-294, I-90 and I-355, including access to a sizable and skilled work force, and close proximity to restaurants, shopping and hotels. The site is currently under contract with Matterhorn, who plans to significantly renovate the site for future leasing. Matterhorn Venture Partners is a Chicago -based real estate investment firm focused on the acquisition, improvement, and long-term stewardship of commercial real estate assets throughout the United States. The firm emphasizes value -add investments where strategic capital improvements, responsible management practices, and reinvestment in existing properties can enhance building functionality and support surrounding economic activity. Matterhorn Venture Partners works in partnership with private and institutional investors and takes a hands-on, ownership -oriented approach that prioritizes stable operations, high -quality tenants, and long-term asset performance. Through disciplined underwriting and active management, the firm seeks to strengthen the properties it owns while contributing positively to the communities in which it operates. The Applicant does not yet have a tenant for the space, but after renovations, plans to market the site to suitable industrial tenants in the warehousing/distribution/manufacturing sector. Depending on the type of user, the Applicant expects employment of around 30 —100 individuals. The Applicant expects the these employees to frequent Village restaurants, gas stations, stores and more. The Applicant also expects the eventual Occupant to attract customers who will also frequent nearby establishments. Based on the Employee Economic Impact Charts below, 30 — 100 full time employees could generate between $127,125 to $423,750 in additional Village revenue. Employee Economic Impact Chart Purchase Emp. % ExpJWeek Weeks Total Lunch 30 55% $55 50 $45,375 Grocery 30 30% $50 50 $22,500 Consumer Goods 30 25% $35 50 $13.125 Entertainment 30 15% $55 50 $12,375 Auto -Gas 30 75% $30 50 $33,750 TOTAL $127,125 TOTAL OVER 12 YEARS $1,525,500 Employee Economic Impact Chart Purchase Emp. % Exp./Week Weeks Total Lunch 100 55% $55 50 $151,250 Grocery 100 30% $50 50 $75,000 Consumer Goods 100 25% $35 50 $43,750 Entertainment 100 1 15% $55 50 $41,250 Auto -Gas 100 75% $30 50 $112,500 TOTAL $423,750 TOTAL OVER 12 YEARS $5,085,000 Property Improvements, Potential Growth and Fiscal Effect 2440 Pratt Blvd, Elk Grove Village, IL 60007 PIN:08-35-403-067-0000 Assuming the incentive is granted, the Applicant plans to purchase the property for $29,925,000 and invest over $1,000,000 to make various improvements and upgrades to the site. As part of these improvements, the Applicant plans to invest over $390,000 in parking lot & landscaping improvements, over $40,000 on roofing, metal & steel, over $40,000 on carpentry, electrical and painting/decorating, and over $350,000 on new exterior paneling. 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 $30,761,530, which would generate approximately $11,050,283 in taxes over the life of the incentive (or approx. $818,539 per year). Without the incentive, the Applicant will not purchase the site, leaving the facility vacant and unused. With full vacancy relief, the Subject Property would generate only $4,940,623 in taxes over the life of the incentive (or approx. $411,719 per year). Therefore, should the Class 6b tax incentive be approved, the Subject Property would generate between $6,109,661 in additional real estate taxes over the life of the Class 6b. Please see the attached "12 Year Tax Comparison Chart." cLL \ k cL Is :-_ - -16Zi ( ( - _ ! ■§. §\| ! G £ ! a * - �E � ! K )! |! ® R ! m k E - £ �§ \ \ \ \ \ § ■ E S ; § \ ! •`,,- � § a k |!, - � \ \ § Conslruction,LLC 935 National Parkway, Suite 93545, Schaumburg, IL 60173 Page 1 BLC.121025.4517.2 December 18, 2025 MATTERHORN 939 W North Ave Ste 830 Chicago, IL 60642 Tina Ramos Dear Tina, Thank you for your continued interest in BLC Construction, LLC and allowing us the opportunity to provide a proposal. We offer the following scope of work for your consideration. RE: BLC.121025.4517.2 - 2440 Pratt Ave, Elk Grove Village — 6B Bid Exclusions and Clarifications • Assumes work can be performed during regular business hours, M-F 7am-4pm • Proposal is based on the provided single line diagram/specifications, all pricing is subject to architectural verification & engineering calculations • Includes daily jobsite cleanup • Excludes code corrections/permits/drawings • Concealed issues will be addressed as discovered • Excludes asbestos abatement • Proposal Pricing is good for (15) days from date submitted • All Pricing dependent on quantities stated • Proposal is contingent upon strikes, accidents, inclement weather, or any condition beyond our control • Customer shall be responsible for all collection costs incurred by [BLC Construction], including but not limited to actual attorneys' fees. • Past due accounts shall accrue interest at the rate of 2% per month (24% Annual Percentage Rate) on unpaid balances. General Conditions 1 $91.600.00 Jobsite Maintenance Progress cleaning during project $0.00 01 x Dumpsters $850.00 Aerial Equipment included in trades 01 x Porto Potty $750.00 Protective material $0.00 Final cleanings throughout the affected area $0.00 High dusting/wash interior windows/wipe all horizontal surfaces/dust blinds/detail clean restrooms/damp mop all hard floor surfaces/vacuum all carpeted surfaces Personnel/Supervision Project Management Initial construction schedule & updates Weekly onsite meeting Evaluate project performance Hire sub -contractors & assign work accordingly Maintain a daily log for the job sites operations, superintendent Superintendent Maintain project schedule weekly Weekly/biweekly onsite construction meetings with client & internal Schedule & onsite required inspections for the entire duration of the project with Village Coordinate any outside trades needed per tenant requirements Village/City Certificate of Occupancy Quality & quantity control daily Project layout onsite Solve issues onsite as they arise Coordinate materials & equipment deliver with vendors & suppliers Project Accountant Project Administration Provide weekly updates including progress photographs/report Change orders as requested Pre -Construction Provide shop drawings and submittals for approval A,ejBLC 935 National Parkway, Suite 93545, Schaumburg, IL 60173 P a g e 12 Punchlist BLC.121025.4517.2 Develop and submit a detailed construction schedule after sub -contractors are awarded and material lead times are verified Construction site set-up Pre -Construction onsite meetings with ownership/tenant/contractors Pre -Construction layout prior to permitting Punchlist walk with client Final walk Close out meeting Document Reproduction Blueprints (in PDF) Project manuals (in PDF) Shop drawings (in PDF) As -built drawings (in PDF) Permitting/Engineering $12,920.00 Architectural drawings $7,920.00 Permit / Construction drawings for village submittal Permit comments Civil engineering $0.00 Per DesignHaus, the village does not require civil drawings for this project since it is remove & replace Permit allowance included $5,000.00 Demolition $2,500.00 Awnings included in painting 03 x monument signs per village request Landscape $23,500.00 Call Julie to mark all utilities Cut and shape to prepare new flower beds Install (3) 3" Cal Hackberry Install (2) 8 foot high White Spruce Install (3) 8 foot high Flowering Dogwood Install (5) 2 foot high Summer Wine Ninebark Install(29) 2 foot high Black Chokeberry Install (24) 2 foot high Baby Gem Boxwood Install (3) Dwarf Juniper Install (37) 2 foot high Hicks Yews Install (61) 1 gallon Millennium Ornamental Onion Install (27) 5 gallon Feather Reed Grass Install (12) 5 gallon Big Bluestein Install (32) 1 gallon Black-eyed Susan Install (32) 1 gallon Iris Install (9) Watering Bags for the trees and ornamental trees Install 14 Yards of double ground brown mulch Monarcas will water the plants and fill the watering bags for the first month N otes: Rear detention area excluded; Link assumed to complete & close out permit Parking $375,249.60 23,688 SF Saw cut the perimeter of the repair. Remove and haul away the deteriorated concrete to an authorized dump site. Grade and compact the aggregate base. Install 8 inches of 4,000 PSI ready mix concrete. Barricade area until the concrete is fully cured. Leave work area in neat and broom clean condition. Depressed Curb Removal and Replacement fln Red) $24,480.94 360 LF Remove existing curb and legally dispose of offsite. Prepare existing base to take new curb. Cgnsrruct.tori,LLC 935 National Parkway, Suite 93545, Schaumburg, IL 60173 P a g e 13 BLC.121025.4517.2 Frame and pour curb to match existing curb profile. Remove forms after concrete has cured. Leave work area neat and broom clean. Provide all necessary barricades. 03 x Storm Sewer Repair fin Blue) s6.600.00 Sawcut perimeter of area to be repaired Remove and legally dispose of existing pavement, aggregate and excavated soil Remove and salvage frame and lid for reuse Remove and dispose of failed sewer components Install new precast sewer components as necessary to bring structure to grade Brick and mortar all pipe penetrations as necessary Reinstall existing frame and lid Perimeter (overdig) around structure to be back filled with concrete for added strength install 8-inch-thick Portland cement concrete around structure for surface repair Barricade of area until fully cured Leave work area neat and broom clean upon completion. Dirt Restoration $1 500.00 Install topsoil, seed and blanket Class Q Patching. 2" 3B 300.0d Provide a street patch in front of curb where damaged from curb installation Notes: Storm sewer at street to remain "as -is" — located on village street No work quoted for existing parking lots to seal & restripe — ownership recently completed scope of work U-11v ■ ANkk AM3 qw— - — Masonry $0.00 No work quoted Existing brick to remain "as -is" Roofing $31.683,00 537 LF - Furnish new coping at Pratt elevation to accommodate EFtS installation u+ ®;, 4�.... off•+��� .n�... Metal / steel $9,900.00 Pipe Rail at dock area Demo existing pipe rail per village request Furnish & install new 2 line pipe rail Carpentry $1,200.00 02 x install address lettering A,ojBLC 935 National Parkway, Suite 93545, Schaumburg, IL 60173 P a g e 14 BLC.121025.4517.2 Exterior Panels j $353,000.00 1 13,000 SF Fumish & install EIFS as shown in rendering revision Includes EIFS work at 2 large walls and at 4 columns. Includes caulking, sheathing and moisture barrier as needed. 500 SF Furnish & install Faux Wood EIFS as shown in rendering Finished Carpentry — entrance signage $1,845.54 Furnish address lettering at two entrances Material: aluminum Height :12" Depth: 1" Color: white Doors/Frames/Hardware $0.00 No work quoted Dock Equipment 1 $2,500.00 01 x Remove & replace 1 damaged dock seal to match existing on building — per village request Glazing $0.00 No work quoted Acoustical Ceiling $0.00 No work quoted Painting and Decorating $33,353.30 Remove awnings by loading dock overhead doors Metal siding — West & East elevations Pressure wash all surfaces prior to painting. Caulk as needed. Railings, man doors, plates, etc.: 1 coat KemBond Rust Inhibitor + 2 top coatslndustrial Urethane (oil -based). West Side 02 x Drive-in Overhead Doors 04 x Man Doors 03 x Bollards South side Stucco soofits above windows 17 x Overhead Doors 03 x Man Doors 17 x Leveler Plates 02 x Railings Dock letter numbering East side 01 x Overhead Door 02 x Man Doors 03 x bollards Notes — Concrete / brick to remain "as -is" Plumbing $0.00 No work quoted Electrical I $4,300.00 I 04 x Install new LED wall pack fixtures — per village request 02 x at each front entrance 04 x supply wall packs to match existing on building •Canstr.Uction; LLC. 935 National Parkway, Suite 93545, Schaumburg, IL 60173 P a g e 15 BLC.121025.4517.2 Fire Protection 50.00 No work quoted We Safety $Ma No work quoted Insurances — 1 % $9,435.51 Indirect Overhead — 5°% $47,649,35 Profit — 5% $50.031,82 Contingency 1 $15,000.00 Base Bid Amount $1.065.668,12 Very truly yours, BLC Construction, LLC. By: Date: December 18, 2025 Accepted: Customer — By: Date: Name: Title: P.O. #