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Home My WebLink AboutRESOLUTION - 44-11 - 11/8/2011 - CLASS 6B-2425TOUHYRESOLUTION NO. 44-11 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 2425 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, 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 special circumstances pursuant to said aforementioned ordinance, for certain real estate located at 2425 Touhy Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Numbers 08-35-201-011-0000 and 08-26-410-007-0000, 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 2425 Touhy Avenue, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the Property Index Numbers 08-35-201-011-0000 and 08-26-410-007-0000 declared eligible for Class 613 special circumstances 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 HIGGINS AND TOUHY SUBDIVISION (BEING A RE -SUBDIVISION OF LOTS 32 AND 33 IN CENTEX INDUSTRIAL PARK UNIT 6, BEING A SUBDIVISION IN SECTIONS 26 AND 35, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN) ACCORDING TO THE PLAT THEREOF RECORDED WITH THE COOK COUNTY RECORDER OF DEEDS ON JULY 20, 2007 AS DOCUMENT 0720115111. 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 Numbers 08- 35-201-011-0000 and 08-26-410-007-0000. 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 8'h day of November 2011. APPROVED this 8'h day of November 2011. F.Vailfroly"I Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Judith M. Keegan, Village Clerk Rcv61irax2425TouhyspooioIcook changes TILE LAW OFFICES OF LISTON & TSANTILIS Exhibit "A" A PHOFWSSIONAI, COGPORATIOS 33 NORTH LASALLE S'T`REET. 25TH -FLOOR CHIOAGO, ILLLNOrS 60602 BRUIN R.LISTOV (312) 5R6-0694 YLTER T.9ANT11,19 (3:12) 604-3868 FAGSIMILF (.912) 58o-15!12 Special Circumstances Requested by Bana 123, LLC 2425 Touln' Ave., Elk Grove Village, Illinois (PINs; 08-35-201-011 and 08-26-410-007) BarIa 123, LLC ("Applicant") plans on purchasing the property located at 2425 -pouhy Ave. in Elk Grove Village, Illinois (PINs: 08-35-201-011 and 08-26-410-007) and leasing the same to linagineering, Inc. for its own operations consisting of the assembly, warehousing and distribution ofprinted circuit boards. This property consists of an approximately 27,084 square foot building on a'roughl'y 82,843 square foot site that has been 100% vacant andunused since Manch l; 20I 1:- Prior to the sitc6ecoming 100% vacant and unused, the subject property was extremely underutilized by the prion occupant, Consolidated Container Co. LP, In 2003, Consolidated Container Co. LP, moved its research and development out of the subject-property„and as a result, reduced its staff at the subject ploperty, from approximately 50 enlployees:to roughly five employees.. From tppi-oximately,February,_2009,to February, 2011, Consolidated Container Co. LP used the site predominantly for storage and had only two employees working at the facility The subject property,is in need ofsigniPrcant"imploveulents; and therefore the.Applicant has allottedapproximately $400,000 to refurbish'the same over the life of tre- lncenfive `The initial"— improvements will be made with, regard, to, but not limited to replacing,the roof systems, repairing tl)e: concrete walkway near the main eatrani e,, adding additional ADA compliant parking spaces, re'placiyg the air h<vldler vyith a duct heater and.a roof mounted air conditioning condenser, replacing HVAC units and ,replacing radiators as well aother general maintenance. In addition, the Applicant plans on making the following additional improvements over the next few years: installing more efficient light fixtures, replacing the window units, repairing asphalt and replacing the main entrance door as well as other general maintenance. hriagincering Inc. has been in`busincss since 1985 and currently owns and operates out of an approximately 10,000 square foot facility located at 180 Martin Lane in Elk Grove Village., Imagineering, hic,'s business.is growing and needs additional,spice, and therefore,'hnagineering Inc: intends to expand and move its entire operation to the Subject property. Irnagineering Inc. plans to bring all 30 of its current employees to the subjeci property andwid be adding approximately 20 to 30 employees as soon as possible and will look to hire all qualified -Village oFElk Grove Village residents for future hires. However, the above is all contingent 6n the -Applicant receiving a Class 6b Tax Incentive. The Applicant believes the Class 6b 111=1 ivc will allow it to purchase, rehabilitate and successfully lease the subject prolierty*to hnagineering, tile., an&therefbre,1 fill a formerly unclefutilized" and currently vacant site as well as retain and bring additional jobs to, the Village of Elk Grove Village. It is for these reasons that it is necessary to grant the Applicant a Resolution supporting and consenting to a Class 6b Incentive for the above -referenced property based on occupation of abandoned property fou less than twenty-four (24)'nionths continuous vacancy with a purchase for value, special circumstances and substantial rehabilitation.