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HomeMy WebLinkAboutRESOLUTION - 41-10 - 7/13/2010 - CLASS 6B/1800 LUNT AVENUERESOLUTION NO. 41-10 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 1800 LUNT 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 1800 Lunt Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-35-104-073-0000, 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 1800 Lunt Avenue, Elk Grove Village, Cook County; Illinois, legally described as follows, and with the Property Index Number 08-35-104-073-0000 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 Gullo/Lunt and 83 Resubdivision, being a resubdivision of Section 35, Township 41 North, Range 11, East of the Third Principal Meridian, according to Plat thereof recorded November 16. 1988 as Document 88529853 and filed September 28, 1989 as document LR 3828343 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 08-35-104-073-0000. 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 July 2010. APPROVED this 13th day of July 2010. APPROVED: Mavor Craia B. Johnson Village of Elk Grove Village ATTEST: Judith M. Keeizan, Village Clerk ResftTax 1800Luntspecial Exhibit "A" Special Circumstances Requested by MLE, Inc. PINT: 08-35-104-073 The applicant believes the following "special circumstances" justify the finding of abandonment, notwithstanding the less than two years' vacancy at the Property: (1) the need for certain work to the Property as described below; (2) excessive term of vacancy for the Property; (3) oversupply of properties available in the Elk Grove market and the competition with those other properties for sale or lease; (4) the tax burden in Cook County on industrial use properties in relation to similarly situated properties in DuPage County; and (5) the lack of any excess land in order to expand the capacity of the improvements on the Property. The following work will need to be completed at the Property upon purchase: (1) a restriping of the entire parking lot, (2) rehabbing and painting of the entire office area, (3) painting of the warehouse walls and sealing of the warehouse floors, and (4) a new coating on the entire roof.