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HomeMy WebLinkAboutRESOLUTION - 21-07 - 4/10/2007 - CLASS 6B/1401 ESTESRESOLUTION NO. 21-07 A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6B STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE AS AMENDED FEBRUARY 15, 2006 FOR CERTAIN REAL ESTATE LOCATED AT 1401 ESTES AVENUE, ELK GROVE VILLAGE, ILLINOIS WHEREAS, the Village of Elk Grove Village desires to promote the development of industry in the Village of Elk Grove; and WHEREAS, the Cook County Assessor is operating under an ordinance enacted by the Cook County Board of Commissioners, and amended from time to time, the most recent amendment becoming effective as of February 15, 2006, 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 613, even though it has been vacant and unused for less than 24 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. 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 1401 Estes Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-34-205-021-0000, has proven to this Board that such incentive provided for in said ordinance is necessary for development to occur on this specific real estate. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois: Section 1: That the request of the Petitioner to have certain real estate located at 1401 Estes Avenue, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the Property Index Number 08-34-205-021-0000 declared eligible for Class 6B status pursuant to the Cook County Real Property Classification Ordinance as amended February 15, 2006, 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: LOT 105 (EXCEPT THE WEST 126.60 FEET AS MEASURED AT RIGHT ANGLES TO THE WEST LINE THEREOF) IN CENTEX INDUSTRIAL PARK UNIT 74, BEING A SUBDIVISION IN SECTION 34, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS Section 2: That the Special Circumstances as outlined by the petitioner are attached hereto as Exhibit "A" and made a part thereof. Section 3: That the Village of Elk Grove Village, Illinois hereby supports and consents to the Class 6B Application and approves the classification of the subject property as Class 6B property pursuant to the Cook County Real Property Classification Ordinance and the Class 6B tax incentives shall apply to the property identified as Permanent Real Estate Index Number 08-34-205-021-0000. Section 4: That the Mayor and Village Clerk are hereby authorized to sign any necessary documents to implement this Resolution. Section 5: 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 10`h day of April 2007 APPROVED this 10`h day of April 2007 APPROVED: Mayor Crai¢ B. Johnson Village of Elk Grove Village ATTEST: Ann I. Walsh, Villaee Clerk Rcs6b i as 140) 1. swsSpcciaj Exhibit "A" ELK GROVE VILLAGE CLASS 6(8) REQUEST 1401 Estes Road Elk Grove Village, Illinois PIN: 0834.205-021-0000 "Special Mcumsiances" Z Building Condition, Building suffers from extensive deferred maintenance requiring substantial expenditures, e.g.: (a) warehouse floor preparation (seal cost) (b) office renovation (c) exterior improvements Including painting and signage (d) painting of Interior warehouse 2. Building Layout. (a) Excess Office Space. 7500 square feet of office represents nearly 20% of available space. (b) Interior Docks, Interior docks contrasted with exterior docks use net to rentable area and diminish rental rates. 3. Operating Costs. Building has poorly insulated metal siding causing an Increase in energy costs. 4.ectrical. Doflciencles. Prior usage resulted in scattered electrical controls. In an efficient operation, all electricity should be re- routed and consolidated In a centralized power box Inability to manage existing elements has already resulted in electrical failure and a freeze-up of the building's pipes. 5. Exlsting Taxes. Current real estate taxes combined with operating inefficiencies render the property unleasable in the current market, despite vigorous efforts to locate an appropriate user.