HomeMy WebLinkAboutRESOLUTION - 20-08 - 4/22/2008 - CLASS 6B/680 FARGO AVENUERESOLUTION NO. 20-08
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 680 FARGO 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 6B, 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: 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 680 Fargo Avenue,
in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number
08-27-300-037-0000, 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 680
Fargo Avenue, Elk Grove Village, Cook County, Illinois, legally described as follows, and
with the Property Index Number 08-27-300-037-0000 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 2 IN MILDREDS RESUBDIVISION, BEING A RESUBDIVISION OF LOT
357 IN CENTEX INDUSTRIAL PARK UNIT NUMBER 217, BEING A
SUBDIVISION IN THE SOUTHWEST 'A OF SECTION 27, TOWNSHIP 41
NORTH, RANGE I 1 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 08-27-300-037-0000.
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: 6 NAYS: 0 ABSENT: 0
PASSED this 22"d day of April 2008.
APPROVED this 22nd day of April 2008.
APPROVED:
Mayor Cram B. Johnson
Village of Elk Grove Village
ATTEST:
Ann L Walsh, Village Clerk
Res6bTax680Fargospec i a1
BECHINI STUDIOS, INC
Exhibit "A"
April 8h, 2008
Ms. Nancy Carlson
Economic Development Officer
Village of Elk Grove
901 Wellington
Elk Grove Village, IL 60007
Re: Class 613 Tax Abatement - Special Circumstances
Company: Rebechini Studios, Inc. (RSI)
Property: 680 Fargo Avenue, Elk Grove Village, IL 60007
(Pin #08-27-300-037-000)
The property described above has been vacant for approximately 1 year. Based upon the
Village Class 613 Cook County Tax Abatement Program requirements I have provided the
special circumstances below for consideration:
• Property is now in poor repair. It will require a tremendous amount of renovation to bring
up to code (i.e. A.D.A. Sprinklers, etc.)
• Roof is in poor condition and will require total replacement (approximately $114,000.00)
• Parking lot is not usable. Resurfacing is not a consideration as the conditions are to
poor to consider. Total removal and replacement is required. Also the drain in the rear
appears to be collapsed. (approximately $35,000.00)
• Interior floor plan of office space is so unique to the operations of the previous owner
.that it will require total demolition.
• Building is a distressed sale and is being represented by the bankruptcy court to
liquidate damages to the Federal Government.
RSI is willing to make a significant investment in this build to accommodate the manufacturing
processes we employ in our business. Without the endorsement and extension of the Class 613
Abatement though, RSI cannot financially justify the investment in this site.
1390 Howard St.
Elk Grove, IL 60007-2214
Architectural Metal & Signage S Specialists Phone: 800-229-6050/ 847-437-9030
P Fax: 847.437-0324
Email: infoOrsi-design.com
Therefore, Rebechini Studios, Inc. requests the endorsement of the Village of Elk Grove Board
for the entire project, not just the renovation and rehabilitation costs of the building. RSI has
partnered with the Village in the past on many projects including the design, manufacturing and
erection of the monument signs at the entrance of the industrial areas of Elk Grove Village. We
look forward to expanding our presence in Elk Grove Village. Please provide us your support as
we have supported the Village of Elk Grove for so many years.
If you have any questions or need further information, please don't hesitate to contact either
Doug McDonald or Glenn Rebechini at (847) 437-9030.
4Thank o for y consideration and support!
t
J. McDonald
Vice President