Loading...
HomeMy WebLinkAboutRESOLUTION - 47-09 - 9/8/2009 - CLASS 6B/1655 BUSSE ROADRESOLUTION NO. 47-09 A RESOLUTION RESCINDING RESOLUTION NO. 35-09 AND 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 1655 BUSSE ROAD, 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 1655 Busse Road, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-35-104-072-0000, 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 1655 Busse Road, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the Property Index Number 08-35-104-072-0000 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 6B Tax.Incentive Ordinance is necessary for the said development to occur on the subject property: Lot 1 in Gullo/Lunt and 83 Resubdivision, being a Resubdivision in Section 35, Township 41 North, Range 11, east of the third principal meridian, according to the plat thereof recorded November 16, 1988 as document number 88529853, 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 613 Application and approves the classification of the subject property as Class 613 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 08-35-104-072-0000. 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 8th day of September 2009. APPROVED this 8th day of September 2009 APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Ann I. Walsh, Village Clerk Res6bTax 1655Bussespecial Law Office of Dennis M. Nolan, P.C. Marsha L. Peters - Paralegal Stefanie V. Herrings - Legal Assistant Exhibit "A" August 18, 2009 Downtown Bartlett 221 Railroad Avenue Bartlett, Illinois 60103 Telephone 630.213.7700 Facsimile 630.213.7735 lowdnolon@sbcglobal.net Re: Request for Revised Class 613 Resolution -1655 Busse Road, Elk Grove Village, >Z Class 6B Property Tax Incentive — Special Circumstances The property at 1655 Busse Road, Elk Grove Village, IL (P.I.N. 08-35-104-072-0000) has been vacant and unoccupied since June 2007. EXW Chicago, LLC requests that the following special circumstances be considered: although the property has not been vacant for twenty-four (24) months under one (1) ownership, the fact remains that the property has been vacant for twenty-six (26) consecutive months (since June 2007); the. property has not been leased due to the Cook County real estate tax burden; the property is currently under lease negotiations, subject to approval of Class 613 which will allow the parties to reach agreement on lease terms (prospective tenants will not negotiate a market lease on the property unless the real estate taxes are minimized through Class 6B property tax incentive); the industrial buildingtrental market in Cook County is diminished and special circumstances finding that the property as abandoned is appropriate under current factual and market conditions; if the property is leased, the real estate will be returned to the real estate tax rolls which will create additional revenue for all taking districts, including the Village of Elk Grove.