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Home My WebLink AboutRESOLUTION - 24-08 - 5/13/2008 - CLASS 6B/176 GAYLORD STREETRESOLUTION NO. 24-08 A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 613 STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE AS AMENDED FEBRUARY 15, 2006 FOR CERTAIN REAL ESTATE LOCATED AT 176 GAYLORD STREET, 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 justif}' f nding 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: 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 176 Gaylord Street; in the Village of Elk Grove Village; Cook County, Illinois, xwith the Property Index Number 08-21-202-031-0000, hasp roven 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 176 Gaylord Street; Elk Grove Village; Cook County; Illinois; legally described as follows; and with the Property Index Number 08-21-202-031-0000 declared eligible for Class 613 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 613 Tax Incentive Ordinance is necessary for the said development to occur on the subject property: LOT 42 IN HIGGINS ROAD COMMERCIAL UNIT NO. 28, A RESUBDIVISION IN SECTIONS 21 AND 22, 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 "B" 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 613 tax incentives shall apply to the property identified as Permanent Real Estate Index Number 08-21-202-031-0000. 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 13'h day of May 2008 APPROVED this 13`h day of May 2008 ATTEST: Ann 1. Walsh, Village Clerk Res6b"rax 176Ga} lordspecial 2 APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village Exhibit A: Legal Description dt(CAGO TMX INSURANCE COMPA& Y C0NfM TMENT FOR TME INSURANCE SCHEDULE A (CON 1NUED) ORDER NO.s 1409 NW6105702 LZ" S. TKA LAND REWERR13D TO IN THIS COMM TRENT IS DESCRIBED M FOLLOWS C7N4.`BACT PURCHASERS' INTEREST UNDER ARTIM,BS OF AGREEMENT DATED - AND RECORDED - AS DOCUMENT - MADS BETNSBN . -, AS SELLn, AND -, AS PURC'I MEM., IN THE FOLLOW:iNG DRSCRIBSD PREMIGHS: LOT 42 IN HIGGINS ROAD COK�E.BItCIAL Mf= NO. 28, A RESTMDIVIgxON IN SECTIONS 21 AND 22, TOMgSHIP 41 NORTH, RANGE 11 HAST OF TiEK THIRD PRINCIPAL IRIDIAN, IN COCK COUNTY, ILLINOIS. "Ava-L%' 1J°61"" '"%-.0 PAGE AZ C3H1 04/11/08 12:00:08 U(4/ LJ/ ZOM5 rjo.- LL JIZZOD0331 - "VIHKL rF1Qr- t7z)I 11 Exhibit B • Special Circumstances U4/ L3/ LCJCJO U0. LL J1LLJJOJJI F-WIRMI rHVG UO/ 11 Special Circumstances for 6B exemption 176 Gaylord, Elk Grove Village, IL 60007 PERMANENT INDEX NUMBER (PIN): 08-21202-031 We feel there are several issues that will need to be addressed with the property at 176 Gaylord that warrants 6b consideration: 1. The property has been on the market for at least eighteen (18) months. 2. There needs to be substantial renovation in the building. a. Office remodeling to accommodate owner/tenants. b. Replacement of heating units in warehouse areas with energy efficiency units. C. Replace and update exhaust system d. , Modify and update electric distribution modifications. C. Recommission overhead crane system. f. Install pneumatic system and piping. g. Recondition floors for equipment. h. Install drainage systems on west and north walls 3. The exterior of the building is in need of substantial improvemei its. a. 'luck -point building brickwork. b. Paint exterior. C. Repair concrete entrance and driveways. d. Repair landscaping and remove overgrowth. C. Repair- asphalt drive at south and west. f. Replace front entrance. g. Replace existing overhead door. h. Install overhead door at south end. 4. Other issues a. In the event Stanton Mechanical moves to this location it , vill add twenty (20) jobs to the Village of Elk Grove. Stanton Mechamcal does approximately Four Million ($4,000,000.00) Dollars in sales Find expects an increase of ten percent, (10%) a year going forward. Stan':on b4/ Z-11 ZU I)d LRJ: LL it zznt)U551 AMANI F'Aut b // 11 Mechanical further expects continued job growth. as the busbiess expands. b. In addition, some of the employees are considering relocating to the Village of Elk Grove. Stanton Mechanical plans on addressing all of these issues if they -:ake ownership of the building. They feel that they can create a better :represented industrial property and bring it up to the expectations that Village has of its business leaders.