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HomeMy WebLinkAboutRESOLUTION - 42-12 - 10/9/2012 - CLASSES -1290 JARVIS AVERESOLUTION NO. 42-12 A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 611 STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE AS AMENDED FEBRUARY 15, 2006 FOR CERTAIN REAL ESTATE LOCATED AT 1290 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 1290 Jarvis Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-27-400-035-0000, 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 1T 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 1290 Jarvis Avenue, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the Property Index Number 08-27-400-035-0000 declared eligible for Class 6B 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 613 Tax Incentive Ordinance is necessary for the said development to occur on the subject property: Lot 63 (except the last 2 V feet thereof) in Higgins hidustrial Park Unit 44, being a subdivision in the southeast '/a 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 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 08-27-400-035-0000, 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 9rh day of October 2012. APPROVED this 9`b day of October 2012. APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Judith M. Keegan, Village Clerk Res6b''as 12901arvisSpecial Exhibit "A" SARNOFF & BACCASH Special Circumstances Requested by Buddaett, LLC 1290.Iarvis Ave., Elk Grove Villaee, Illinois (PIN: 08-27-400-035-0000) Budggett, LLC ("Applicant'') plans on purchasing the property located at 1290 Jarvis Ave. in Elk Grove Village, Illinois (PIN: 08-27-400-035-0000) and leasing the same to a related entity, Product Planning, Inc., for its own operations consisting of the manufacturing and testing of functioning prototypes for the Department of Defense. The subject property consists of an approximately 5,000 square fool building located on a roughly 13, t62 square foot site that has been t00% unused since December, 2011, and 100% vacant and unused since June, 2012. The subject property is in need of significant improvements, and therefore, the Applicant has allotted approximately $100,000 to refurbish the existing facility and site. Initial improvements must be made with regard to, but not limited to replacing and updating the electrical, renovations to the warehouse and building new offices. The Applicant also plans on renovating the driveway, repairing the parking lot, tuck pointing the build ing�and'trehabiIitatingFihe landscaping as well as completing other general maintenance. Further inspections of.,the_subject, propertyymay require additional improvements. Product Planning; Inc. currently leases and operates out of a property located at 21,25 Oxford Rd. in Des Plaines, Illinois: Product Planning, Inc. plans to move its entire operation to die subject property and bring all 5 of its current employees to the same. In addition, Product Planning, Inc. plans on adding approximatel.y,,2 tor3 emplroyees,as soon as.possible at the,subject property. and, wilHook to hire all qualified Elk,Grove�Village residents, for futurc;hires,,,However,,the above a1Lconnngent on the., Applicant receiving a Class 6b Incentive Based on our research and the additional costs that must be incurred to rehabilitate the building and site in order, for, this to.be.a;successful,endeavor, the,Applicant must.possess a Cl?ss,6h.,lneenlive ,to_,, purehase,the, facility ieoinplete.the,suhsOuttial,reh tbiIitation thereof and have Product Planning Ine,,.�; successfully operate out of the subject property, W;ithout,a Class,6b Incentive; however, the Applicant,wil6, not purchase the site. .It -is for these .reasons that itis necessaryito-grant the,Applicant a Resolution -in support]mul consent ofa Class 6h Incentiveforrthe,above,-referenced;prop„erty,•based,on-occupation of,abandoned.property for less,tthan,twenty-four (24); months, con ttnuoi%yacancy with a purchase for,value; special circumstances and substantial rehabilitation. f.- t t r �r F 'I. � 'err , {. ., t•' ,n1• , . ,