HomeMy WebLinkAboutRESOLUTION - 66-10 - 12/14/2010 - CLASS 6B/1260 LANDMEIER ROAD RESOLUTION NO. 66-10
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 1260 LANDMEIER 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 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 613 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 1260 Landmeier
Road, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-27-400-094-0000, 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 1260
Landmeier Road, Elk Grove Village, Cook County, Illinois, legally described as follows, and
with the Property Index Number 08-27-400-094-0000 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 613 Tax Incentive Ordinance is
necessary for the said development to occur on the subject property:
Lot 6 in Gullo International Contemporary Park, being a Resubdivision of Lot 230 in
Higgins Industrial Park Unit 165, Being a Subdivision in the Southeast Quarter of
Section 27, Township 41 North, Range 11, East of the Third Principal Meridian,
(Excepting therefrom the North 220.0 Feet of the East 420.0 Feet Thereof) 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 613
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 08-27-400-094-0000.
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: AVES: 6 NAVS: 0 ABSENT: 0
PASSED this 14 1h day of December 2010.
APPROVED this 14 1h day of December 2010.
APPROVED:
Mavor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Judith M. Keel4an, Villalze Clerk
Res6bTax 1 260Landmeier
GEORGE
h 0
DEVELO P MENT
C 0 R P 0 R A T 1 0 N
Exhibit "A"
Special Circumstances
Requested by George Gullo Development Corporation
The property consists of an approximately 11,560 square foot Industrial building located on a roughly
26,190 square foot site. Ownership is currently in negotiations with a potential tenant who would take
occupancy in January of 2011. Ownership is budgeting approximately $60,000.00 for tenant improvement
costs. George Gullo Development Corporation expects the development to bring approximately 10 to 15
permanent full-time employees to the facility. However, this is all contingent on George Gullo Development
Corporation 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, George Gullo Development Corporation must possess a Class 6B to
secure this tenant and be competitive in the marketplace. George Gullo Development Corporation has been
unable to lease the property in over eighteen months.. It is for these reasons that it is necessary to grant George
Gullo Development Corporation the Class 6B Incentive with special circumstances on the property.
2050 E. HIGGINS ROAD e ELK GROVE VILLAGE, IL 60007 PHONE:847-439-4400 e FAX: 847-439-1465