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Home My WebLink AboutRESOLUTION - 38-26 - 5/26/2026 - 1941-1951 ARTHUR AVENUE 6BRESOLUTION NO.38-26 A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6B STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE AS AMENDED FROM TIME TO TIME FOR CERTAIN REAL ESTATE LOCATED AT 1941-1951 ARTHUR AVENUE, ELK GROVE VILLAGE, ILLINOIS (AG -MVP ARTHUR AVENUE OWNER, LLC.) 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, which has instituted a program to encourage industrial and commercial development in Cook County known as the Cook County Real Property Classification Ordinance; and WHEREAS, in the case of abandoned property, if the municipality or the Mayor and Board of Trustees, finds that special circumstances justify finding that the property is "abandoned" for purpose of Class 6B, even though it has been vacant and unused for less than 12 months, that finding, along with the specification of the circumstances, shall be included in the resolution or ordinance supporting and consenting to the Class 6B application. Such resolution or ordinance shall be filed with the eligibility application. If the ordinance or resolution is that of a municipality, the approval of the Board of Commissioners of Cook County is required to validate such shortened period of qualifying abandonment, and a resolution to that effect shall be included with the Class 6B eligibility application filed with the Assessor; and WHEREAS, the Petitioner has applied for or is applying for Class 6B property status pursuant to said aforementioned ordinance for certain real estate located at 1949-1951 Arthur Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Numbers 08-35-301-034-0000 and 08-35-301-035-0000, and has proven to this Board that such incentive provided for in said ordinance is necessary for development to occur on this specific real estate. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois: Section 1: That the request of the Petitioner to have certain real estate located at 1949-1951 Arthur Avenue, Elk Grove Village, Cook County, Illinois, identified by Property Index Numbers 08-35-301-034-0000 and 08-35-301-035-0000, declared eligible for Class 6B special circumstances status pursuant to the Cook County Real Property Classification Ordinance as amended from time to time, 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: (PINS 08-35-301-034-0000 and 08-35-301-035-0000) LOT 208 IN CENTEX INDUSTRIAL PARK, UNIT 105, BEING A SUBDIVISION OF PART OF THE SOUTHWEST 1/4 IN SECTION 35, TOWNSHIP 41 NORTH, RANGE 11, LYING EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS Section 2: That the Special Circumstances as outlined by the petitioner are attached hereto as Exhibit "A" and made a part thereof. Section 3: That the Village of Elk Grove Village, Illinois hereby supports and consents to the Class 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 Numbers 08-35-301-034-0000 and 08-35-301-035-0000. Section 4: That the Mayor and Village Clerk are hereby authorized to sign any necessary documents to implement this Resolution subject to the petitioner completing the following conditions as shown in the petitioners Class 6B application within twelve months of the approval of this Resolution: a. Aprons in parking lots replaced; b. Western loading dock replaced; c. Loading dock bollards need to be repaired/replaced; d. Parking lots on east and west side of building need to be reconstructed, requiring stormwater detention; e. Rear drainage ditch shall be cleared and restored; f. Reconstruction of the entrances to be ADA accessible and trip hazard on private sidewalk removed; g. Updated landscape. Section 5: That this Resolution shall be in full force and effect from and after its passage and approval according to law. 2 VOTE: AYES: 6 NAYS: 0 ABSENT: 0 PASSED this 261h day of May 2026. APPROVED this 26th day of May 2026. ATTEST: en�nif ahon, Village Clerk EXHIBIT A Special Circumstances 1949-1951 Arthur Avenue, Elk Grove Village, IL 60007 PIN: 08-35-301-034/-035 The Subject Property is located near the Applicant's current, recently purchased property at 2440 Chase and had identified the perfect property to continue its expansion and footprint in the Village. The former occupant, Libra Industries had been winding down operations since May 2025, with the site being over 75% vacant and unused by August 2025. The site went 100% vacant and unused as of April 2, and the property will also be 100% vacant and unused for a number of months post -closing for buildout and tenant identification. The circumstances here are special in that the site has been in a long wind -down period in which the property was only operating at'/a or less capacity, but to take it out of the `Special Circumstances' arm of the 6b program, the Applicant would need to wait for the property to sit vacant for an additional —10 months or so from the date of full vacancy before the purchase, work, or reoccupation can occur. The Seller & Buyer are both incentivized to close on the property as soon as possible in order to get the site renovated and re -occupied as soon as possible. As such, to minimize downtime, the Applicant requests a 6b resolution including Special Circumstances. Additionally, the property is approximately 50 years old and starting to show major signs of deterioration — without significant improvements, renovations and maintenance, the site will soon become functionally obsolete for current industrial users. Without the assistance of the 6b tax incentive, the Applicant will be unable to invest the proposed $1,000,000+ in improvements, thus keeping the property in its dilapidated state. Without a special type of user and or developer willing to immediately invest significant funds at the site (especially one with experience in Elk Grove), the property will continue to sit vacant until it hits one year of full vacancy necessary to take the site out of `special circumstances.' 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 aprons to the parking lots are deteriorated and in need of replacement in accordance with Elk Grove Village standards. 2. The western loading dock is deteriorated and in need of replacement in accordance with Elk Grove Village standards. The loading dock bollards will need to be repaired/replaced. 4. The Parking lots on the east and west sides of the building are in disrepair and need to be reconstructed. This will require stormwater detention requirements and MWRD permitting. Plans must be designed by a licensed professional engineer. 5. The rear drainage ditch shall be cleared of all invasive species, trees, shrubs, and debris and restored with IDOT type 4/4A seed and erosion control blanket. 6. Entrances shall be reconstructed to be ADA accessible. Additional trip hazard on the private sidewalk shall be removed. Landscaping is dated and will need to be updated. THE LAW OFFICES OF LISTON & TSANTILIS A PROFESSIONAL CORPORATION 200 S. WACKER. SUITE 820 CHICAGO, ILLINOIS 80606 BRIAN P. LISTON (312) 580-1594 PETER TSANTILIS (312) 604-3808 FACSIMILE (312) 580.1592 May 15, 2026 VIA MAIL & EMAIL Elk Grove Village ATTN: Sue Dees 901 Wellington Avenue, Elk Grove Village, Illinois 60007 RE: Class 6b Resolution Request AG -MVP Arthur Avenue Owner, L.L.C. 1949-1951 Arthur Avenue. Elk Grove Village, IL 60007 PINS: 08-35-301-034-0000 & 08-35-301-035-0000 Dear Sue: AG -MVP Arthur Avenue 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 Less than 12 Months Vacancy with a Purchase for Value, Special Circumstances & Substantial Rehabilitation. The former occupant, Libra Industries, began winding down operations in May 2025, and the site was 75% vacant and unused by August 2025. The site became fully vacant and unused but for dead storage on April 2, 2026. Current Site Characteristics & Applicant Background The property currently consists of an approximately 104,394 square foot industrial facility, sited on 160,000 square feet of land. The property was built in 1966, updated in 1977 and currently features 10,570 square feet of office space, five (5) interior docks, one (') drive -in -door, '8-11' clear height, and approximately l 10 vehicle parking spaces. 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. Protected Jobs Improvements & Fiscal 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 25-100 individuals. The Applicant expects 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, 25 — 100 full time employees could generate between $105,938 to $423,750 in additional Village revenue. Emplo ee Economic Impact Chart Purchase Emp. % Exp./Week Weeks Total Lunch 25 55% $55 50 $37,813 Grocery 25 30% $50 50 $18,750 Consumer Goods 25 25% $35 50 $10,938 Entertainment 25 15% $55 50 $10,313 Auto -Gas 25 75% $30 50 $28,125 TOTAL $105,938 TOTAL OVER 12 YEARS $1,271,250 Employee Economic Impact Chart Purchase Emp. % Exp.NVeek 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 $41,250 Auto -Gas 100 75% $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 $7,000,000 and invest over $1,000,000 on improvements to make various improvements and upgrades to the site. Among other things, this investment includes over $700,000+ on parking lot work, $60,000+ in new paneling, $50,000+ on a new awning and finish carpentry, $40,000+ on landscaping and over $80,000 on glazing. See enclosed budget for a full breakdown. After the proposed improvements and subsequent reoccupation, the Applicant expects the property to have a stabilized market value of around $8,000,000, which would generate approximately $2,873,793 in taxes over the life of the incentive (or approx. $212,874 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 $1,609,118 in taxes over the life of the incentive (or approx. $134,093 per year). Therefore, should the Class 6b tax incentive be approved, the Subject Property would generate between $1,264,675 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 neither purchase or improve 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. 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 Less than 12 Months Vacancy with a Purchase for Value, Special Circumstances 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, Mark Rogers COO* 8Ok COOK COUNTY ASSESSOR'S OFFICE COOK COUNTY ASSESSOR ipt aY 118 NORTH CLARK STREET, CHICAGO, IL 60602 F R I T Z K A E G I PHONE: 312.443.7550 FAx: 312.603.6584 �•r4 N o, WWW.COOKCOUNTYASSESSOR.COM CLASS 6B ELIGIBILITY APPLICATION Carefully review the Class 613 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 Arthur Avenue 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: Christina Ramos Company: Matterhorn Venture Partners LLC Address: 939 W. North Avenue, Suite 830 City: Chicago Email: tina@matterhornvp.com Property Description (per PLA9 Telephone: ( 708 ) 204-5247 State: IL Zip Code: 60642 Telephone:( 708 ) 204-5247 State: I L 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) 1951 Arthur Avenue Permanent Real Estate Index Number: 08-35-301-034-0000 (2) 1951 Arthur Avenue B Permanent Real Estate Index Number: 08-35-301-035-0000 (3 ) Permanent Real Estate Index Number: City: Elk Grove Village Township: Elk Grove State: IL 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 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. G'►plorme►,t dpportutr ties 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. 20-50 depending on user How many new permanent fnii-time jobs will be created by this proposed development? TBD 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 [ ] Occupation of Abandoned Property - No Special Circumstance (Read and Complete Section B) XOccupation of Abandoned Property - With Special Circumstance (Read and Complete Section C) [ ] Occupation of Abandoned Property - (CEERM Supplemental Application) (Read and Complete Section C) SEC TIONA (NEW CONS TR UC TIONIS UBS TA NTIA L 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. Q1 2027 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" floor plan or schematic drawings 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) SECTION (ABANDONED PROPERTY WITH NO SPEML 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? [ ] YES [ ] NO 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 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 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? Approx. 2+ Months When and by whom was the subject property last occupied prior to the purchase for value? The property has been vacant and unused since approx. February 15, 2026. See enclosed affidavit. 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 Approx. Q2 2027 Approx. Q2 2026 AG -MVP Arthur Avenue Owner, L.L.C. Arthur Av Holdings LLC None 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 CEEW - 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 CEERMProgram and the subject of the municipal Resolution or Ordinance. Under the CEERMProgram, qualifying industrial real estate would be eligible for the Class 6B level of assessment from the date of substantial re -occupancy of the abandoned property. Properties receiving Class 6B will be assessed at 10% of market value for the first 10 years, 15% 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 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 confirming 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 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 filing fee (made out to the Cook County Assessor) must be included. The property cannot receive Class 613 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 to such matters, the undersigned certifies that he/she believes the same to be true. 4/21 /2026 Signature Date Christina Ramos Print Name Authorized Signatory Title 41112022 VACANCY AFFIDAVIT 1, Jennihn- Kinsella, on behalf of Arthur Ave. Holding LLC, an Illinois limited liability company ("Arth'Ur LLC"). and on behalf of Libra Industries, Inc., an Illinois corporation ("Libra Industri6"), ifcalled to testify, would attest to the following facts: l 1. Tjhat I am the Manager of Arthur LLC, the seller owner of the property located alit l949-1951 Arthur Avenue. Elk Grove Village, Illinois ( PIN: 08-35-301-034- 0,000) ("Subject Property"). 2. That I also am the President of Libra Industries, who is occupant 01'111e Subject Property. 3. tiibra Industries began winding down husiness on or about May 1, 2025, and Arthur LLC put the property on the market for sale on June 9, 2025. 4. 4n or about August 1, 2025. the Subjcct Property became approximately 75"4) vacant and unused but for dead storage. Operations were limited to approximately 40% of the prior del ivericsidrop-ofts per week. 5. As of April 2, 2026, the Subject Property is 100% vacant and unused but tier dead storage and will remain so through the date of closing. Further Aftlant 5avc1111 ' Z 17;tt� _ t ZLo Subscribed and s.. L)m before me This day', of April, 2026 Signature of Notary Public 4 "OFFICIAL SEAL" { KRISFIN L. MILLS NOTARY PUBLIC. STATE OF ILLINOIS MY COMMISSION EXPIRES BI9I2028 OWEr Petition Form for Class 6B Program For Office Use Only Address of Subject Property: 1949-1951 Arthur 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. e �.c 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 Arthur Avenue Owner, L.L.C. (Owner) TBD (Occupant) Address: 1949-1951 Arhur Avenue, Elk Grove Village, Illinois 60007 Permanent Real Estate Tax Index No. 08-35-301-034/-035 Assessed Valuation 2025 $1,691,089 (last 3 years) 2024 $1,170,753 2023 $1,170, 753 • Attach Legal Description of Property Owners of Record: Print Name: ARTHUR AVE. HOLDING LLC 1951 Arthur Avenue, Elk Grove Village, (Address City, State) Phone-*'F�� Siena i , ►�� ■.. , t� Illinois.111 ■■ Fax; Business Applicant's Name: Print Name: Christina Ramos Signature: AG -MVP Arthur Avenue Owner, L.L.C. (Matterhorn Venture Partne , L.L.C.) Business/Corporation Name 939 W. North Avenue, Suite 830, Chicago, Illinois 60642 (Address City, State) Phone: (708) 204-5247 Email: Tina@matterhornvp.com Fax: N/A v xks� 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 6B, property alterations, pertinent business operational information, or any information of note that may be beneficial for staff and the Village Board. ❑ Completion of the Class 6B 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 ; 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. T VILLAGE OF ELK GROVE VILLAGE, ILLINOIS Petition for Cook County Class 611 Property Tax Abatement The Village of Elk Grove prides itself on being a business friendly community. As such, the Village supports the use of the Cook County Class 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 6B Property Tax Abatement consideration: A. Documents required: 1. Petition (attached) completed in full 2. Detailed Letter of Transmittal demostraing need for the incentive "But For Clause." 3. Completion of Class 6B Eligibility Checklist 5. Legal description of the property. 6. Photographs, both aerial and land based, of the area for which the property tax exemption is requested 7. Detailed rehabilitation plans with color elevations and site plan 8. Detailed rehabilitation budget showing itemized total cost 9. Detailed landscaping plan and signage plan with color elevcations 10. For new construction, detailed colored elevations and an architectural site plan B. Fees: Submit a check made payable to the Village of Elk Grove Village to meet the following: 1. $1,000.00 filing fee. Documents and fees are to be submitted to the Village Manager's Office, Attn: Director of Marketing & Business Development, 901 Wellington, Elk Grove Village, Illinois 60007. II - REVIEW AND PROCESSING Upon receipt of the petition for Cook County Class 6B Property Tax Abatement and fee, the Director of Business Development & Marketing will: A. Examine the request for compliance with the above requirements for information, documents and fees. Incomplete inquiries will be returned to the petitioner or applicant for their action. Step "B" will be taken when all petition requirements have been fulfilled. B. Distribute petition and required documents for departmental review and comment by Village Manager's Office, Community Development, Public Works, and Finance. Departments will submit written comments to Director of Business Development & Marketing. C. Department comments will be communicated to applicant for correction. D. When your application is determined to be complete by staff, the petition will be presented to the Mayor & Board of Trustees at the next regularly scheduled Village Board Meeting for consideration. E. Fully completed petitions will be reviewed by the Mayor & Board of Trustees to ensure that the project has a clear and demonstrated benefit to the community. If the project is deemed to have merit and the Applicant has demonstrated that the project could not occur without the assistance provided by the Cook County Class 613 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. VILLAGE OF ELK GROVE VILLAGE, ILLINOIS Petition for Cook County Class 6B Property Tax Abatement Eligibility Checklist In order to be considered for the Cook County Class 613 Property Tax Abatement, the Eligibility Checklist must be completed. The initial application must score 16 out of 16 points. Each item will receive 1 point for Yes and 0 points for No. Packet Item Yes No Letter of Transmittal X Name of the Applying Company X Current and Proposed Location/Address of the Applicant X Proposed Use of the Property X Proof of Vacancy X Job Creation and Retention Data(excluding one-time construction jobs) X Total Project Cost of Proposed Improvements (exclude landpurchase) X Proposed Detailed Construction Budget of Proposed Improvements X Proposed Landscape Budget and Plan X Total Square Footage of the Building X Current Color Photographs of the Building X Prior Five Years of Tax History X Breakdown of Taxes Paid Occupied With 613 v. Occupied Without 613 X Tax PIN X Legal Description X Letter from Applicant Explaining the Need for the Tax Abatement on Com an Letterhead X _ Application Fee of $1,000 IX Total Points 116 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. *UpJ,i1 k file.( Elk Grove Village Class 6B Property Tax Terms and Agreement 1949-51 Arthur 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[ERYOF, the parties hereto have executed this Agreement as set forth below: Village of Elk Gp6ve Villag AG -MVP Arthur Avenue Owner, L.L.C. 901 WelltV'a(,Ye venue 1949-1951 Arthur Avenue Elk Grov1 07 Elk Grove Vil ge, IL 60007 Signed: Signed: Name: Cn-- Name: Christina R mos Title: Mayor Title: Authorized Signatory Date: Date: 4/21 /2026 illage Clerk Elk Grove Village Class 6B Property Tax Terms and Agreement Terms & Conditions Attachment A The WORK must be completed in accordance with the application packet submitted. Any alteration of the proposed work requires Village approval. Please note all improvements must conform to the Village codes and ordinances. At the time of plan review and permitting, the Village reserves the right to alter the applicant's plan to ensure conformity. The 6b will not be granted until all improvements are completed to the satisfaction of the Village. The APPLICANT shall perform the WORK upon the SUBJECT PROPERTY as outlined below and shown in the 6b Application Packet... l . The aprons to the parking lots are deteriorated and in need of replacement in accordance with Elk Grove Village standards. 2. The western loading dock is deteriorated and in need of replacement in accordance with Elk Grove Village standards. The loading dock bollards will need to be repaired/replaced. 4. The Parking lots on the east and west sides of the building are in disrepair and need to be reconstructed. This will require stormwater detention requirements and MWRD permitting. Plans must be designed by a licensed professional engineer. 5. The rear drainage ditch shall be cleared of all invasive species, trees, shrubs, and debris and restored with IDOT type 4/4A seed and erosion control blanket. Entrances shall be reconstructed to be ADA accessible. Additional trip hazard on the private sidewalk shall be removed. Landscaping is dated and will need to be updated. EDS AFFIDAVIT I. CloCil (IA PILM& agent for AG -MVP Arthur Avenue Owner, 1.1.((the "Applicant") does hereby certik that it «ould attest to the 1011owing facts as required by Sectic►ns 74-46 and 74-62 through 74-73 ofthe Cook County Code ifcalIed to testily: That I any a duly authorized agent for the ,%pplicant, who is the contract -purchaser of the property located at 1949-1951 Arthur Avenue, ilk Grope Village. IL 60007 (PINS: 08-35-301-034r435) (the "Subject Property"). 2. -I-he Applicant does not hold title to any other property in Cook County. 3Applicant's ownership is as follows: AG -MVP Portfolio Parent 1. LLC - 100% Q%Nnership 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. Furl •r l a -et i Dater Subscribed and sworn before me This 21 day of April . ?026 OFFICIAL SEAL 1,14 WMC PHANIE N MARTINEZ eV Public. Stale of IlllnoA UM ommission No.966901 Commission Expires December 08. 2029 Identification of Persons Havinp, an Interest in the Proper 1949-1951 Arthur Avenue, Elk Grove Village, IL 60007 PIN: 08-35-301-034/-035 Applicant: AG -MVP Arthur Avenue Owner, L.L.C. See enclosed organizational chart. Occupant(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. Depending on the type of user, the Applicant expects employment of around 25-100 individuals. AG -MVP Portfolio Parent I, L.L.C. 2009.2752 KEY: All entities are Delaware entities unless otherwise indicated Ownership is 100%unless otherwise indicated AG Realty AG Realty AG Realty AG Realty XI AG Realty XI Value Fund XI, Value Fund M Value Fund XI Investments Investments L.P. (A), L.P. (US), L.P. IH-1), L.P. (H-1A), L.P. [-J% 1 1% "% [ 1% AG Real Estate JAG Funds %I MVP Portfolio Manner, Inc. - - - - - - - - I Member. LLC.] Manager r 95% Manager '------------ Member [AG -MVP Main Street Owner, L.L.C.] (:100 N. Main Street, Lombard, Illinois AG Entities MVP Entities AGIMVP Entities [1 % Scams Christina Matthew Gary Eduaq�n McKibben Ramos Kay Nussbaum Pane ve Mbben 33 2% 7 1°. 7, t`Y 9-0=5 5% JAG -MVP Portfolio Parent1. L.L.C.] [AG -MVP Arthur Avenue Owner, L.L.C.] 1949-1951 Arthur Avenue, Elk Grove Village, Illinois MVP Portfolio I, LLC IDE LLQ EAG-M VP Pratt Blvd Owner, L.L.C.) 2440 Pratt Boulevard, Elk Grove Village, Illinois Form LLC-45.5 Nlav 2018 Secretary of State Department of Business Services Limited Liability Division 501 S. Second St., Rm. 351 Springfield, IL 62756 217-524-BOOB www.ilsos.gov Payment must be made by certified check, cashier's check, Illinois attorneys check, C.P.A: s check or money order payable to Secretary of State. If check Is returned for any reason this filing will be void. Illinois Limited Liability Company Act Application for Admission to Transact Business Type or print clearly. Filing Fee: $150 Penalty: $ ®RMK Approved: 1. Limited Liability Company name (see Note 1): AG -MVP Arthur Avenue Owner, L.L.C. 16869198 FILE # This space for use by Secretary of State. LD JAN 0 7 2025 ALEXI GIANNOULIAS SECRETARY OF STATE 2. Assumed name: (This item Is only applicable if the company name in Item t Is riot available for use in Illinois, in which case form LLC 1.20 must be completed and submitted with this application.) 3. Jurisdiction of organization: Delaware 4. Date of organization. 12/29/2025 5. Period of duration: Perpetual (Enter perpelual unless there Is a date of dissolution provided in the agreement, in which case enter that date.) 6. Address of the principal place of business: (P.O. Box alone or c/o is unacceptable.) 245 Park Avenue, 26th Floor Number Street suite # New York, New York 10167 City 7. Registered agent: Corporate Creations Network Inc. First Name Registered office: 1320 Tower Road (P.O, Box alone or c/o Number is unacceptable.) Schaumbu State Middle Name Street ZIP Last Name Suite # IL 60173 City ZIP Note: The registered agent must reside In Illinois. If the agent Is a business entity, It must be authorized to act as agent in this state. 8. If applicable, date on which company first conducted business in Illinois: 01-06-2026 (continued on back) Printed by authority of the State of Illinois. ,rune 2018 — 1 — LLC 17.21 LLC-45.5 9. Purpose(s) for which the company is organized and proposes to conduct business in Illinois (see Note 2): Real Estate 10. The Limited Liability Company: (check one) ❑ is managed by the manager(s) or a has management vested in the member(s): 11. List names and business addresses of all managers and any member with the authority of manager: AG -MVP Portfolio Parent I, L.L.C. 245 Park Avenue 26th Floor, New York, NY 10167 12. The Illinois Secretary of State is hereby appointed the agent of the Limited Liability Company for service of process under circumstances set forth in subsection (b) of Section 1-50 of the Illinois Limited Liability Company Act. 13. This application is accompanied by a Certificate of Good Standing or Existence, duly authenticated within the last 60 days, by the officer of the state or country wherein the LLC Is formed. 14. The undersigned affirms, under penalties of perjury, having authority to sign hereto, that this application for admission to transact business is to the best of my knowledge and belief, true, correct and complete. Dated: 01-06-2026 Month, Day, Year 5ighature Christopher Moore - General Counsel Name and Title (type or print) AG -MVP Portfolio Parent I, L.L.C. If applicant is signing for a company or other entity, state name of company or entity. Note 1: The name must contain the term Limited Liability Company, LLC or L.L.C. The name cannot contain any of the following terms: "Corporation," 'Corp." `Incorporated," `Inc.," "Ltd.;' °Co.," "Limited Partnership" or "LP." However, a limited liability company that will provide services licensed by the Illinois Department of Financial and Professional Regulation must instead contain the term Professional Limited Liability Company, PLLC or P.L.L.C. in the name. Note 2: A professional limited liability company must state the specific professional service or related professional services to be rendered by the professional limited liability company. Delaware Page The First State I, CHARUNI PATIBANDA—SANCHKZ, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY "AG —MVP ARTHUR AVENUE OWNER, L.L.C." IS DULY FORMED UNDER THE LAWS OF THE STATE OF DELAWARE AND IS IN GOOD STANDING AND HAS A LEGAL EXISTENCE SO FAR AS THE RECORDS OF THIS OFFICE SHOW, AS OF THE SEVENTH DAY OF JANUARY, A.D. 2026. AND I DO HEREBY FURTHER CERTIFY THAT TRE SAID "AG —MVP ARTHUR AVENUE OWNER, L.L.C." WAS FORMED ON THE TWENTY—NINTH DAY OF DECEMBER, R.D. 2025. AND I DO HEREBY FURTHER CERTIFY THAT THE ANNUAL TAXES HAVE BEEN ASSESSED TO DATE. 10453316 8300 (; ~u 110 � 5R# 20260053663 Mgt You may verify this certificate online at corp.delaware.gov/authver.shtml Charuni Aatlbanda•Sanchez, Secretary of8tate Authentication: 202743049 Date: 01-07-26 Fitt 5 Year Tax 1-Iisfory 1949-1951 Arthur Avenue, Elk Grove Village, IL 60007 PIN: 08-35-301-034/-035 See Enclosed. Property Characteristics for PIN: 08-35-301-034-0000 0 -Ind 01,11p; 111101 ,5.� eornpara,tr fl:��raltie� COONEWER TAX BILLED AMOUNTS & TAX HISTORY 2025: $171,346.44' 2024: $311,539.03 Paid in Full 2023: $297,303.68 Paid in Full 2022: $317,838.44 Payment History 2021: $252,268.68 Payment History 2020: $243,011.82 Payment History '=(1st Install Only) More Tax Bill Information Search Again I Tax Calculator I More Property Characteristic Information PROPERTY ADDRESS PROPERTY CHARACTERISTICS 1951 ARTHUR AVE CURRENT INFORMATION ELK GROVE VILLAGE Assessed Value: 60007 (2023 Assessor Certified) Township: ELK GROVE Assessment Information: 1,300,839 Estimated Property Value: $5,203,356 Assessed Value History Lot Size (SgFt): 160,000 MAILING ADDRESS Building (SgFt): ARTHUR AV HOLDINGS LLC Property Class: 5.93 1951 ARTH UR AV Property Class Description ELK GRV VLG, IL 60007 Tax Rate: 8.766 Tax Rate History Update Name or Mailing Address Tax Code: 16035 EXEMPTIONS 2025: NotAvailable 2024: 0 Exemptions Received 2023: 0 Exemptions Received 2022: 0 Exemptions Received 2021: 0 Exemptions Received 2020: 0 Exemptions Received More Exemption Information Taxing Districts' Financial Statements Tax Rate Information APPEALS 2025: NotAvailable 2024: NotAvailable 2023: NotAvailable 2022: NotAvailable 2021: NotAvailable 2020: Appeal Information More Appeal Information Property Characteristics for PIN: 05-35-301-035-0000 PROPERTY ADDRESS 1951 ARTH UR AVE ELK GROVE VILLAGE 60007 Township: ELK GROVE MAILING ADDRESS 0 ,see corlip'Itahlo, COONEWER Update Name or Mailing Address TAX BILLED AMOUNTS & TAX HISTORY 2025! $0.00' 2024: $0.00 Paid in Full 2023: Not Available 2022: Not Available 2021: Not Available 2020: Not Available '={1st Install Only) More Tax Bill Information EXEMPTIONS Search Again I Tax Calculator I More Property Characteristic Information PROPERTY CHARACTERISTICS CURRENT INFORMATION Assessed Value: (2023 Assessor Certified) Assessment Information: 0 Estimated Property Value: Assessed Value History Lot Size (SgFt): 0 Building (SgFt): Property Class: 0-00 Property Class Description Tax Rate: 8.766 Tax Rate History Tax Code: 16035 Taxing Districts' Financial Statements Tax Rate Information APPEALS 2025: Not Available 2025: Not Available 2024: 0 Exemptions Received 2024: Not Available 2023: Not Available 2023: Not Available 2022: Not Available 2022: Not Available 2021: Not Available 2021: Not Available 2020: Not Available 2020: Not Available More Exemption Information More Appeal Information Legal Description, Site and Building Souare Footage 1949-1951 Arthur Avenue, Elk Grove Village, IL 60007 PIN: 08-35-301-034/-035 The property currently consists of an approximately 104,394 square foot industrial facility, sited on 160,000 square feet of land. The property was built in 1966, updated in 1977 and currently features 10,570 square feet of office space, five (5) interior docks, one () drive -in -door, ' 8-1 F clear height, and approximately 110 vehicle parking spaces. 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. 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. Attached hereto please find: • Legal Description + Survey • Aerial of Subject Property • Street View of the Subject Property • Renderings • Landscaping Plan LEGAL DESCRIPTION LOT 208 IN CENTEX INDUSTRIAL PARK, UNIT 105, BEING A SUBDIVISION OF PART OF THE SOUTHWEST 1/4 IN SECTION 35, TOWNSHIP 41 NORTH, RANGE 11, LYING EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. Commonly Known As: 1949-1951 Arthur Avenue, Elk Grove Village, Illinois 60007 PINS: 08-35-301-034/-035 EDWARD J. MOLLOY do ASSOCIATES A DMSION OF THONAS A YOI—. M. - PROrE5510NAL AND SURVEYING Ixx sux s,m>:a ' au<¢ n�N�x�l xo-xeoo Pm (exr) zl-nm ALTA/NSPS LAND TITLE SURVEY OF Mc.,aT,x ax.v ! mac iwax ARTHUR AVENUE.""`.'°'�.".'m."`m.��",..,u,,��., zmoRS Not6 �..m�.nei�w nu�ir .mow. nnor�..ii-�-^�w.�r[n M ��,. Y:";."rffiffl::�' -... s.A•6c:� 5.rx2'�sfxr\ s.Y �xuF - .....- —ITT .". tell 'Sm i'a •y, .-•%, '4:- �.�� _ . •a xw� 1 •.r.�o-...sr � I � —,�r�.ow.,.m��a...m.m-n�m.ommmvn... 1ECEN0: t Em soe i '�Jik3...37,��•,y=i,:� "' v NSTR1A1-AR4 LNX 105 M • f wxw I I...._-.�... � ' a� � ..._- ��:i � �' I J � n � ^mow-/�� i.-i r4n-a� 3 ? ±2 i� mx aowc arorc I mr Ism e�ua�w y ! `} =� �wve v.c: ~� •'"-• x••-I 1 n=u •V`e nw� D7 m 'V i Y u _�,.. �.aw.�. m��„a, +'- 4i • I bxj md-.nm�n._..a..-m..m��.�.._. i I ati _ - -- T LoT A gC3\TC�miNOUswTI' wx:x. 'I— L, A MTN' ORTA-MUM r 13- r 7-T I T IT -,T I I I MUF Ay" '99W 1 wm 0 MA .1 ...- - v - . tia �M-M NEW EIFSSYSTEM OVER EXISTING BRICK. EXTEND EIFS TO EAST AND WEST FACADE WHERE SAME BRICK TYPE EXTENDS. COLOR: GRAY EXISTING SPANDREL REPAINT EXISTING WINDOWS TO REMAIN. DRIVE IN DOOR TO _ REPLACE/RESUFRACE _ MATCH EIFS BOTTOM AND UPPER PANELS -TYR. OF PANELSTO MATCH EIFS COLOR - NEW EIFS SYSTEM OVER -EXISTING BRICK COLOR: GRADIENT GRAY NEWBOLTD OWN PAINTCOLUMNS BOLLARDS- _ TO _ NEW BUILDING OVERHEAD COIL R:SAFETYYELLOW MATCH ADDRESS OVERHEAD DOORS EXISTING STOREFRONT DOOR & WINDOWSTO REMAIN COLOR TONE VARIES DUET O SUN EXPOSURE/FACADE DEPTH REPLACE/RESUFRACE PANEL TO MATCH EIFS ---- COLOR 0 NEW FAUX WOOD PANEL COLOR: ASH WOOD _ NEW METAL AWNING WITH TURNBUCKLES PAINT EXISTING BRICK TO MATCH EIFS PANELS. TONES MAY VARY DUE TO SUN EXPOSURE/SHADOWS NEW EIFS SYSTEM OVER EXISTING EXISTING COPING TO BRICK. EXTEND EIFS TO EAST AND REMAIN WEST FACADE WHERE SAME BRICK TYPE EXTENDS- COLOR: GRAY COLOR TONE VARIES DUETO SUNSHADOWS NEW FAUX WOOD PANEL COLOR: ASH WOOD NEW METAL AWNING WITH TURNBUCKLES NEW LIGHTS ABOVE EXISTING DOCK DO( TYP. OF 2 designhaus�� 1949 Arthur Ave. �7-�te�,f',', . Elk Grove Village, IL 60007 RE1.0 ME designhaus- 1949 Arthur Ave. a eht-W- Elk Grove Village, IL 60007 mm SEE REI.0 FOR SCOPE DOTES miwveu DARK 9 PAX ! Two-19, lk I I I 1 0 0 m SEE REI.0 FOR SCOPE NOTES EXTEND EIFS PANELS AROUND EAST SIDE OF THE BUILDING TO COVER DARK BRICK r 1949 ArfMWq Elk Grove Village, IL SEE RE1.0 FOR SCOPE NOTES I�1 illll� • 4cF�tc_ �- WWLANMeArE 'SCE LANGSCAP.E 7.NI Rrw(V E rx'sil ti[i NIW AUES&O-r.' .' ; 1049 Arthur Ave. i� I I I =pls w m lei To' �io PARKING P-1.1. LANDSCAPE PLAN PLANTSCHEDULE LANDSCAPE ILLUSTRATION FROM-ARTHUR AVENUE DEC,IqUOUS MEE DETAIL tty 7, SHRUB DETAIL PERENNIAL DETAIL Developer Information & Prooe_cted Employment 1949-1951 Arthur Avenue, Elk Grove Village, IL 60007 PIN: 08-35-301-034/-03 5 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, 1-90 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 25-100 individuals. The Applicant expects 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, 25 — 100 full time employees could generate between $105,938 to $423,750 in additional Village revenue. Employee Economic Impact Chart Purchase Emp. % Exp./Week Weeks Total Lunch 25 55% $55 50 $37,813 Grocery 25 30% $50 50 $18,750 Consumer Goods 25 25% $35 50 $10,938 Entertainment 25 15% $55 50 $10 313 Auto -Gas 25 75% $30 50 $28,125 TOTAL $105,938 TOTAL OVER 12 YEARS $1,271,250 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 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 1949-1951 Arthur Avenue, Elk Grove Village, IL 60007 PIN : 08-3 5 -3 01-034/-03 5 Assuming the incentive is granted, the Applicant plans to purchase the property for $7,000,000 and invest over $1,000,000 on improvements to make various improvements and upgrades to the site. Among other things, this investment includes over $700,000+ on parking lot work, $60,000+ in new paneling, $50,000+ on a new awning and finish carpentry, $40,000+ on landscaping and over $80,000 on glazing. See enclosed budget for a full breakdown. After the proposed improvements and subsequent reoccupation, the Applicant expects the property to have a stabilized market value of around $8,000,000, which would generate approximately $2,873,793 in taxes over the life of the incentive (or approx. $212,874 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 $1,609,118 in taxes over the life of the incentive (or approx. $134,093 per year). Therefore, should the Class 6b tax incentive be approved, the Subject Property would generate between $1,264,675 in additional real estate taxes over the life of the Class 6b. Please see the attached "l 2 Year Tax Comparison Chart." iLf2iLiLW�� I��I�ie1f�� Nm.c 12 Year Tax Estimates 1949-1951 ArtFu—r7VV—enue Elk Grove Village, Illinois (PIN: 08-35-301-034/-035) Estimated Taxes 13161E on: Purchase Price - APprox_ SSaee ent Value d a 6b Incentive Final 202e Markel Value al Full Vacancy & No 6b Incentive (:aec " Nrcbeee'rloe• Me, f1,W0.OW n'HF.Bi1161r0we wVa &no m b,dlllva Purchase Price * Apprax- 31 A00,000 in'Hard Improvement Value A a 6b Incentive tM�ryln II.A00A00 11n �dm 1}l2 u mum 1Ee le6ptr15 s212,m $e,0a0.000 10% H00.426 f2rfl2f Y.As1s4a 1a% stoFAcl Rnwre tF,pmmo 11w f.pa� s"W' ffAm [� +Oh fS60009 RIT.f2e 56.Oa0,000 10°b 5600,000 52m— uAmR11 car S6/pOW f211A" UiMm 'a. f100A00 f ."M [f.NOpip Ipr, 1e00,a00 f212,6i1 SB OOO,aaO 15% 51,300,Oaa s]19,310 Sd,aa0,000 20% 51,600000 5125,i.] +nk1 SldAapd Teree Imx10 2e2t1 52,61],]sa Fsuf pTb Mel WI YNdx N W II YFealpy A Ne W ]nea.hve w PrM s2,021,502 pm f §A 6aa�e S2,a21,602 25% 5w),Ilfi L+O,I,Ma f2A2..w 25% SSa2,90fi f101,aR S2N2! = M% ff02.6x1 sl]6.M1 us2.m2 ma fsllf9>i t+stivd+ s1611,1� IEY f1A m lli _ + t2Aad.FR of RF m 61a — Q=.dw 2fn ifplSSt f+u.m f2.W46122 =6ti SSW f10 flu,Qf1 520214602 25% f5a0,Rfi f1'X uml.w 2!•, f:A6 f16 51a1.093 R,021,602 2S% SSa],B]fi 51]I,OR —1 Eztlmaled Taaec 12026 e2m]I $1,609,116 PrepeHy Tea Revenue Ge ereletl Esamatetl Pnmral M1em Me PrapeGyz Class 6b Taa f1,261,6]fi Eelmpa mlyeyem0l-25 f105,9s6 Incerdlve: Fu14Tlme Employees • The 2024 Elleclrve Tax Role 0he 20211ar role x the 2021 mulVlbrl wac ured II does nal lehe iMe acmunl airy incmazx w tleuearac in the Ellxlive Tev Rale between 2021 and 203]. ••The above a band on the asmmpim Ihm the —c 6b Tax I .... I.. for the mblecl prp rty cal be honied m 2026 and aclivaled in 2026ROV ^'A 2a%occupanry Iad�vm eb+M bN2021 Asaxxw Bum.m Asseseetl Velue, whnh was then adtletl Io1M TWF eae.smM1and AsuaaN'l.iw ggeale a reveetl 202. Al;raae Ya Le wrh Talal V..rq Redvclion. the rre4lF 2Ae Aeuzerd Vabe wdh Tolel V.... q Re O.. was Ihen mullip.ed by I loxrxale 1l. EYlmeletl Merkel VlM 11 M er, the 2021 Cook Lwmf A•�wK Vaha al Ful —rcy end NO lmpr—..r.1 TM �w evpeala+Ye yesylamx, aet 404BLC Gan 935 National Pkwy, Suite 93545, Schaumburg, IL 60173 P a g e 1 BLC.122325.4524 December 23, 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.122325.4524 - 1949-51 Arthur Ave, EGV — 6B Budget Designhaus inc drawings 25.208 dated 11.26.2025 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 $107,900.00 Jobsite Maintenance Progress cleaning during project $0.00 01 x Dumpsters $850.00 Aerial Equipment $1,300.00 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 $105,000.00 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 44PLC 935 National Pkwy, Suite 93545, Schaumburg, IL 60173 P a g e 12 BLC.122325.4524 Punchlist Provide shop drawings and submittals for approval 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 $61,200.00 Architectural drawings $8,100.00 Cover sheet with General Notes and Building Code Analysis Architectural Site Plan and Floor Plan Exterior Fagade Detailing Wall Sections and Construction Details as necessary Door Schedule and Details Misc. information as required for permit, bid, construction Consultant Coordination Preliminary civil engineering $11,600.00 Tasks 3-9 in construction documents civil engineering Task 1 — Alta/NSPS Land Title Survey: $4,600 Task 2 — Topographic Survey: $7,000 Note: Prior to Topographic Survey, Property Owner to contact Julie/Diggers to have public utilities located and identified in order to be included on the topographic surrey. Only the owner of the Property is allowed to schedule this service. Civil en(lineenrig $31.500,00 Tasks 1-2 in preliminary civil engineering Task 3 — Basic Stormwater Management Report: $7,000 Task 4 — Final Engineering: $19,000 Task 6 — Construction Administration: $5,200 Task 7 — Consultation/Meetings/Conference Calls: $3,000 MWRD not included Per civil engineering, MWRD permit not required /f village recurred. $14,0007 00 Task 5 — MWRD Permit Determination Letter (if required): $1,800 Task 8 — Final Stormwater Management (MWRD): $3,600 Task 9 - MWRD RFI & Schedule R Recording: $3,600 Soil borings $5,000.00 Pei'mit allowance included $10,000,00 Demolition $0.00 Light pole — included in parking lot Landscape _ $44.300.00 New Planting r landscape clan $23 150.00 Preparation of the ground for the installation of the new foliage installation. Removal of the turf areas in question (per drawings), installation of fresh soil mix for proper planting. Price to include all related labor, equipment, removal, hauling & debris disposal 01 x Installation of 1, 3" English Oak Tree 01 x Installation of 1, 8' White Spruce 03 x Installation of 3, 8' Flowering Dogwood Trees 19 x Installation of 19 Summer Wine Common Ninebark Shrubs 16 x Installation of 16 Black Chokeberry Shrubs 20 x Installation of 20 Meserve Holley Shrubs 20 x Installation of 20 Baby Gem Boxwood 80 x Installation of 80 Perennials ( Ornamental Onion - Big Bluestein - Astible - Georgia Peach Corabells) ABLC ru f on, L 935 National Pkwy, Suite 93545, Schaumburg, IL 60173 Page 3 BLC.122325.4524 Installation of 5 groupings of multi -size Boulders (per drawings) Upon completion, installation of mulch Rear of building $21,15O.00 Remove all sucker trees, sucker shrubs, invasive species, debris, and garbage up to the property line from end to end in the rear of the building Once the above is removed, grading with fresh soil mix, installation of IDOT type 4/4A seed and covering with a erosion control blanket (NOTE: Existing trees are not on visual drawings presented) Prices include all related labor, equipment, materials, removal, hauling & debris disposal Parking Lot I $715,105.00 Provide IL-663 form for soil testing Surveying $15.00000 Provide construction layout as needed for work. Slte Concrete (In Greenl $179.970.00 Install PCC Aprons to EGV Standards Install ADA Walks Removal and Replacement of B6.12 curb and gutter Install 6 concrete billed bollards Site Utilities 5101.600,00 Install 4 Catch Basins Install 2 restrictor plates Install 12 inch RCP storm sewer pipe 2 FES with rip rap Standard Du Paving (in Red) $301,745.00 Provide Earth Excavation as necessary to meet new subgrade (subject to change based upon grading plan) Install and fine grade 8 inches aggregate base course, cab Install 2.5 inches HMA binder course, compacted Install 1.5 inches HMA surface course, compacted Install Pavement Markings Install Handicap Signage Install 108 Parking bumpers Storm water Detention $114,290.00 allowance Surface Storage Notes: Hard budget to be provided upon completion of civil engineering Masonry $0.00 No work quoted Cons-truetto7h.x , 935 National Pkwy, Suite 93545, Schaumburg, IL 60173 P a g e 14 BLC.122325.4524 Roofing $12,985.00 230 LF - Furnish new 14" coping at Arthur elevation to accommodate EFIS installatlon 1,951i i 1 -J WHO f_ Metal / Steel $0.00 No work quoted Carpentry $0.00 No work quoted Exterior panels 1 $68,000.00 1 2,000 SF Furnish & install EIFS as shown in rendering — included EFIS panel abovelbelow window units Includes EIFS work Includes caulking, sheathing and moisture barrier as needed. 400 SF Furnish & install Faux Wood EIFS as shown in rendering Finished Carpentry — entrance signage 1 $1,845.54 Furnish address lettering at two entrances Material: aluminum Height :12" Depth: 1" Color: white Finished Carpentry - Awning I $54,650.00 Demolition of existing swnings / Tenant signage Structural to be evaluated further onsite Carpentry Backing for awning supports Electrical Disconnect prior to demolition included $5,000.00 allowance included $2,000.00 allowance included Awning $27,650.00 Manufacture and install (2) new metal architectural canopies with overhead hangers Size of the awning to be 366" wide x 4' projection and 9' 6" wide x 4' projection. (5) hanger rods will be used for the 36' 6" wide canopy and (2) hanger rods will be used for the 10' wide canopy. All frames will be powder coated to the desired color. Internal gutter system with scupper drainage is included. Dock Equipment $0.00 No work quoted AjBLC 935 National Pkwy, Suite 93545, Schaumburg, IL 60173 P a g e 15 BLC.122325.4524 Glazing Demolition of 24 existing openings $12,360.00 Furnish and install glazing $43,990.00 2"x 4'/i' Pittco Clear anodized framing for 24 openings Break metal for sills and above frames inclued Caulking of perimeter of frames, interior and exterior Glass: 1" Overall gray tint insulated glass w/ Low E Entrance door— 1949 $16,980.00 Furnish and install new 2"x 4%" Pittco clear anodized framing for 30ft by 10ft opening with Pittco medium stile door and standard hardware Glass: V Overall gray tinted insulated glass w/ Low E Entrance door— 1951 $6,760.00 Furnish and install new 2"x4/" Pittco clear anodized framing for 7ft x 10ft opening with Pittco medium stile door and standard hardware Glass: 1" Overall gray tinted insulated glass w/ Low E Painting and Decorating 02 x Bollards $136.00 04 x Overhead doors $2,970.00 Notes: Brick to remain "as -is" 1 $3,105.00 Window Coverings No work quoted $0.00 Electrical Lighting Replace two existing wall packs in front of Building Supply 2- HALCO WPFS2WSCSUPC $1,786.00 Fire Protection $0.00 No work quoted Life Safety $0.00 No work quoted Insurances —1 % f $11,509.67 Indirect Overhead $58,123.81 Profit $61, 030.00 Contingency — 5% $64,081.50 Base Bid Amount $1,345,711.52 Very truly yours, BLC Construction, LLC. By. Date: December 23, 2025 Accepted: Customer — By: Date: Name: Title: P.O. # Special Circumstances 1949-1951 Arthur Avenue, Elk Grove Village, IL 60007 PIN: 08-35-301-034/-035 The Subject Property is located near the Applicant's current, recently purchased property at 2440 Chase and had identified the perfect property to continue its expansion and footprint in the Village. The former occupant, Libra Industries had been winding down operations since May 2025, with the site being over 75% vacant and unused by August 2025. The site went 100% vacant and unused as of April 2, and the property will also be 100% vacant and unused for a number of months post -closing for buildout and tenant identification. The circumstances here are special in that the site has been in a long wind -down period in which the property was only operating at'/a or less capacity, but to take it out of the `Special Circumstances' arm of the 6b program, the Applicant would need to wait for the property to sit vacant for an additional — 10 months or so from the date of full vacancy before the purchase, work, or reoccupation can occur. The Seller & Buyer are both incentivized to close on the property as soon as possible in order to get the site renovated and re -occupied as soon as possible. As such, to minimize downtime, the Applicant requests a 6b resolution including Special Circumstances. Additionally, the property is approximately 50 years old and starting to show major signs of deterioration —without significant improvements, renovations and maintenance, the site will soon become functionally obsolete for current industrial users. Without the assistance of the 6b tax incentive, the Applicant will be unable to invest the proposed $1,000,000+ in improvements, thus keeping the property in its dilapidated state. Without a special type of user and or developer willing to immediately invest significant funds at the site (especially one with experience in Elk Grove), the property will continue to sit vacant until it hits one year of full vacancy necessary to take the site out of `special circumstances.' The Law Offices of Liston & Tsantills. P.C. Hinsdale Bank and Trust Company 2506 200 South Wacker Drive, Suite 820 A Wintrust Community Bank 7azeaom s Chicago. IL 606D6 312-604.3811 5/19/2026 Y m PAY TO THE Village of Elk Grove Village $ **1,000.00 ORDER OF -- -- " a 0 One Thousand and DOLLARS Village of Elk Grove Village L •'�tyy,0 O U MEMO 6b Application Fee - 1949-1951 Arthur Avenue, Elk --- - - - U ll'002506u• 1:07L9254021: li•213959125L3n' o C-D o o CD o o o c ; 69- 15 L? , Z 2 O O T-, o `Q ai U [n CD r✓ L LLI +� Sp Ln C Ln ^ ^ w U O C r C"J O Ql n Qz Q '--• _ c; m I O LL CI a)a�� o orn= LC-; CDcis CZ) _ OCC) � C G Ol CD LL Cn 0 _ .. u r CV a � W d J Ql aJ Q O y :2 UtnO Z =3 ~C!J 00 CID -0 -�-+ O V U¢7 Q Lu a) c^v J Y CJl) F— "' C y W CDev 4 Ln T '1� lOD :t N J O S L tc � Mayor CRAIG B. JOHNSON Village Clerk JENNIFER S. MAHON Village Manager MATTHEW J. ROAN May 27, 2026 The Law Offices of Liston & Tsantilis ATTN: Mark Rogers 200 S. Wacker, Suite 820 Chicago, IL 60606 Village Trustees JOSEPH D. BUSH JEFFREY C. FRANKE KATHRYN A. JAROSCH KEITH LASKEN TAMMY K. MILLER STEPHEN E SCHMIDT RE: Application for a Class 6B Property Tax Abatement for the property, generally located at 1949-1951 Arthur., Elk Grove Village, IL 60007 Dear Mr. Rogers: This correspondence is to confirm that the Village of Elk Grove Village has approved your request for a resolution supporting and consenting to a Class 6B Property Tax Abatement for property generally known as 1949-1951 Arthur, Elk Grove Village, IL 60007 (PIN 08-35-301-034-0000 & 08-35-301-035-0000). However, the resolution will be held by the Village and released to you at such a time when the Village can verify that the terms under which the 6B was granted have been met. The terms are enumerated in the application packet in Attachment A. This letter may be packaged with the Cook County Application for a 6B Property Tax Abatement to inform the Cook County Assessor's Office that the Village of Elk Grove Village is in receipt of your Class 6B application and is processing your request. Company Name: AG -MVP Pratt Blvd Owner, LLC Project Address: 1949-1951 Arthur Elk Grove Village, IL 60007 Proposed Plan: Reoccupation of Abandoned Property with Less than 12 Months of Vacancy with a Purchase for Value, Special Circumstances, & Substantial Rehabilitation. Elk Grove Village will notify your office regarding the status of your application as we review and evaluate project cu ents and plans. If you have any immediate questions, please contact Sue Dees, Director of WsinesWevelopment & Marketing, at (847) 357-4005 or by email at sdees@elkgrove.orr Craig B. Johnson Mayor C: Board,6f Trustees Village Manager Director of Community Development 901 WELLINGTON AVENUE a ELK GROVE VILLAGE, ILLINOIS • 60007-3499 TELEPHONE (847) 357-4000 ■ FAX (847) 357-4044 • TDD (847) 357-4088 Kg� www.elkgrove.org