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HomeMy WebLinkAboutRESOLUTION - 40-10 - 6/15/2010 - CLASS 6B/2020 TOUHY AVENUERESOLUTION NO. 40-10 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 2020 TOUHY 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 and has been purchased for value, 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 that the property is deemed "abandoned' for purposes of the incentive, 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 2020 Touhy Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Numbers 08- 26-304-007-0000 and 08-26-304-008-0000, 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 2020 Touhy Avenue, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the Property Index Numbers 08-26-304-007-0000 and 08-26-304-008-0000 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 59 AND 60 IN CENTEX INDUSTRIAL PARK UNIT 9, BEING A SUBDIVISION IN SECTION 26, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE 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 amended Class 613 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 Numbers 08-26-304-007-0000 and 08-26-304-008-0000. 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 15`h day of June 2010. APPROVED this 15`h day of June 2010. APPROVED: Mayor Craill B. Johnson Village of Elk Grove Village ATTEST: Judith M. Keel4an, Village Clerk Res6bTax2020Touhy2010 EXHIBIT A Special Circumstances l:eguested b)' PCrnlati'011 Col-poratlon Pontoon Corpura6un VTc nnatron") plans on purchasing the property located at 2020 Tuohy A% e. in Elk Grove Village, Illinois (Pi\(s: 08-26-301-0074008) and using the same for its operations which consists of designing, nrmulacturing. warehousing and distributing air filters. For additional infurnladon on Pernnatron, please visit its website: htip://wwll.pernlaUun.com. This property consists of an mpproxViately 35.000 square loot building that by the time it is uccupied in roughly September of this year will have been vacant for one year. Currently, the property is vacant and in need ofsubstantial rehabilitation. The Applicant intends to purchase the site for 51,300.000 and plans to invest roughly S500,000 to refurbish the existing facility. The improvements will be made to: but not limited to; the offices, bathrooms and walls as well as to upgrade the lighting (upgrade to -f-5 or T-8) and uporade to more energy eflicient windows. In addition; Pernnatron will be replacing the roofand HVAC system as well as repairing the floors that currently have large pits created by the previous user in its printing operation. Pernlatron is currently located in a roughly 25;000 square foot property at I ISO Pratt in the Village of Elk: Grove Village and plans to remain in the Village and relocate and expand its entire operation to the subject site at 2020 Touhy Ave Perrnatron plans on bringing all 30 of its current employees to this location with the likelihood of hiring an additional 3 to 5 employees within the next two years. Pernlatron will look to hire all dualified VHwee of Mk Grove Village residents fur future hires. i lowever, this is all contingent on Pernnatron receiving a Class 6b Tax hwero e. Used on our research and the additional costs that must be incurred to rehabilitate the building in order for this to be a successful endeavor. Permit -on must possess a Class 6b Incentive in order io successfully operate at the subject site. Pernlatron needs to expand and hopes to remain in the. Village of Elk Grove Village. Additionally, Pcrnnau•on believes that this new facility will It its needs moving PwwaQ however, without a Class 6h Incentive, it will not be able to successfully operate at this site nor complete the substantial rehabilitation. It is for these reasons that it is necessary to grant Pawan-mi a Class 6b Incentive based on occupation ofabandoned property fur less than twenty-four nonlhs continuous vacancy, with a purchase fur value and special ciicunn;tances as "CH as substantial rehabilitation for the above-relcrenced property.