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HomeMy WebLinkAboutRESOLUTION - 54-10 - 10/12/2010 - CLASS 6B/201 LIVELY BLVD. RESOLUTION NO. 54-10 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 201 LIVELY BOULEVARD, 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 more than 24 months and there has been no purchase 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 j 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 i 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 201 Lively Boulevard, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-22-402-085-0000, 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 201 Lively Boulevard, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the Property Index Number 08-22-402-085-0000 declared eligible for Class 6B status I 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 Lawrence J. Crement and Donald W. Miller Subdivision of Lot 8 in Higgins Industrial Park Unit 7; being a subdivision in the Southeast Quarter of Section 22, 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 amended 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 08-22-402-085-0000. 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: 5 NAYS: 0 ABSENT: 1 PASSED this 12`h day of October 2010. APPROVED this 12`h day of October 2010. APPROVED: Mavor Craig B. Johnson Village of Elk Grove Village ATTEST: Judith M. Keegan, Village Clerk Res6bTa.\201 uvei)•special 2 Exhibit "A" 221 LIVELY BUILDING VENTURE 1401 E. Higgins Rd,Elk Grove Village, IL 60007,Tel. (847)439-3100 Fax (847)439-3188 Special Circumstances Requested by 221 Lively Building Venture The property consists of an approximately 6,150 square foot Industrial building located on a roughly 17,500 square foot site. Ownership is currently in negotiations with a potential tenant who would take occupancy in November of 2010. Ownership is budgeting approximately $40,000.00 for tenant improvement costs. 221 Lively Building Venture expects the development to bring approximately 12 to 18 permanent full-time employees to the facility. However, this is all contingent on 221 Lively Building Venture receiving a Class 6B Incentive. Based on our research and the additional costs that must be expended with respect to the building in order for this to be a successful endeavor, 221 Lively Building Venture must possess a Class 6B to secure this tenant and be competitive in the marketplace. 221 Lively Building Venture has been unable to lease the property in over two years. It is for these reasons that it is necessary to grant 221 Lively Building Venture the Class 6B Incentive with special circumstances on the property. This exhibit references the property located at 201 Lively Boulevard, Elk Grove Village, Illinois.