HomeMy WebLinkAboutRESOLUTION - 58-09 - 10/13/2009 - CLASS 6B/1301 ESTES AVENUE RESOLUTION NO. 58-09
A RESOLUTION AMENDING RESOLUTION NO. 50-09 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 1301 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; 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 1301 Estes
Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-34-205-024-0000, 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 1301
Estes Avenue, Elk Grove Village, Cook County, Illinois, legally described as follows, and with
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the Property Index Number 08-34-205-024-0000 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 1 IN KARP'S 2ND RESUBDIVISION OF LOT 1 IN KARP'S RESUBDIVISION
TOGETHER WITH LOT 122 IN CENTEX INDUSTRIAL PARK UNIT 88. A
SUBDIVISION OF PART OF 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 08-34-205-024-0000.
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 13th day of October 2009.
APPROVED this 13th day of October 2009.
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APPROVED:
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Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Ann I. Walsh, Village Clerk
Res6bTax1301 EstesspecialGrecianDelightamended
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Exhibit"A"
V IL B).
VERROS, LAFAKIS.& 'BERKSHIRE, PC
Description of Special Circumstances
1301 Estes
Elk Grove Village, IL
PIN: 08-34-205-024-0000
1. Ridge Estes II,LLC closed on the purchase of 1301 Estes Avenue in Elk Grove Village,
IL"Subject Property"on July 31,2007. H.C.Brill subsequently ceased operations in the
Subject Property in September, 2007 and completely vacated the Subject Property by the
end of December,2007.
2. The Subject Property was 100%vacant for eight(8)months beginning in January of
2008 through September 8, 2008.
3. Gourmet Kitchens Inc.leased approximately 32,376 square feet on Sept. 9,2008 at
which point the Subject Property became approximately 74%vacant. On July 28,2009
Gourmet Kitchens Inc. terminated its tenancy and is scheduled to vacate the Subject
Property by the end of October,2009 at which point the subject property will become
100%vacant.
4. The property is expected to remain 100%vacant from November 1,2009 through the
tentative closing date of December 11,2009. GDV Estes LLC,the purchaser of the
Subject Property,is scheduled to re-occupy the Subject Property on or around
December 15,2009.
5. GDV Estes LLC will consummate a purchase for value of the Subject Property from a
Seller with no financial interest in GDV Estes LLC on or around December 11,2009.
The Subject Property will be 100%vacant and unused prior to said purchase. The
Subject Property will be re-occupied by Grecian Delight Foods, Inc. and will be used
primarily for the manufacture of fresh and frozen bakery goods.
33 NORTH LASALLE STREET 2STH FLOOR CHICAGO, IL 6o6o2 312.701.1234 Jax: 312.701.1222 WWW.VLIIPC.COh1