HomeMy WebLinkAboutRESOLUTION - 39-12 - 9/25/2012 - CLASS 6B - 1230 JARVIS AVENUERESOLUTION NO. 39-12
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 1230 JARVIS 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 1230 Jarvis Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the
Property Index Number 08-27-400-026-0000, 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 1230
Jarvis Avenue, Elk Grove Village, Cook County, Illinois, legally described as follows, and
with the Property Index Number 08-27-400-026-0000 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 73 IN HIGGIN'S INDUSTRIAL PARK UNIT 48, A SUBDIVISION IN THE
WEST 'h OF THE SOUTHEAST''/4 BEING A RESUBDIVISION OF PART OF LOT
2 IN DIVISION OF THE NORTHWEST %4 OF THE SOUTHEAST'/4 OF SECTION
27 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 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 08-27-400-026-0000.
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 251h day of September 2012.
APPROVED this 251h day of September 2012.
APPROVED:
Mavor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Judith M. Keegan, Village Clerk
Rcs6hTa< 1230.1 it visspccial
Exhibit "A"
SARNOFF & BACCASH
Special Circumstances
Requested by ANDEL, LLC, or Assignee
1230 Iarvis Ave., Elk Grove Village, Illinois (PIN: 08-27-400-026-0000)
ANDEL, LLC or Assignee ("Applicant") plans on purchasing the property located at 1230 Jarvis
Ave. in Elk Grove Village, Illinois (PIN: 08-27-400-026-0000) and leasing the same to a related entity, V
Logistics Inc., for its own operations consisting of warehousing and distribution.
The subject property consists of an approximately 4,370 square foot building on a roughly 13,649
square foot site that has been 100% vacant and unused since November 14, 2011. The subject property is in
need of significant improvements, and therefore, the Applicant has allotted approximately $30,000 to
$50,000 to refurbish the existing facility and site. Based on initial inspections, the improvements will be
made with regard to, but not limited to updating the landscaping, repairing the driveway, improving the
dock, updating the office and painting as well as for other general maintenance. Further inspections of the
subject property may require additional improvements.
V Logistics Inc. currently leases anil'opei'ates out of a.propetty located at 1742 Elmhurst Rd. in Elk
Grove Village, Illinois. V Logistics`Inc.'pl�ans to move its entire operation to the subject property and bring
all 9 of its current employees to-the"same:' ln=addifidn, V Logistics, Inc. plans on-adding'approximately 2 to
3 employees as soon as possible at the subject property and will look to hire all qualified Village of Elk
Grove Village, residents for future hires. However, the above is all contingent on the Applicant receiving a
Class 6b Incentive.
Based on our research and the additional costs that must be, incurred to rehabilitate the building in
order for this to be a successful endeavor, the Applicant must possess a Class 6b Incentive to purchase the
facility, complete the substantial rehabilitation thereof and have V Logisties-Ina successfully operate out of
the subject property. Without a Class 6b Incentive; however, the Applicant will not purchase the site.
i
It is for these reasons that it is -necessary to grant the Applicant a Resolution' in'support'and consent of
a Class 6b Incentive for the above -referenced property based on occupation of -abandoned properly I less
than twenty-four (24) months continuous vacancy with a purchase for value, special circumstances and
substantial rehabilitation.
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