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Home My WebLink AboutRESOLUTION - 48-12 - 11/13/2012 - CLASS 6B-1851 ARTLIUR AVE.RESOLUTION NO. 48-12 A RESOLUTION AMENDING RESOLUTION NO. 38-12 AND 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 1851 ARTHUR 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 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 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 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 1851 Arthur Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Numbers 08-35-301-044-0000 and 08-35-301-045-0000, 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 1851 Arthur Avenue, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the Property Index Numbers 08-35-301-044-0000 and 08-35-301-045-0000 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 211 IN CENTEX INDUSTRIAL PARK UNIT 108, A SUBDIVISION IN THE SOUTH '/ OF THE SOUTHWEST/40F SECTION 35 TOWNSHIP 41 NORTH, RANGE 1 I EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS LOT A IN CENTEX INDUSTRIAL PARK UNIT 108, A SUBDIVISION IN THE SOUTH'/ OF THE SOUTHWEST'/4 OF SECTION 35 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 613 property pursuant to the Cook County Real Property Classification Ordinance and the Class 613 tax incentives shall apply to the property identified as Permanent Real Estate Index Number 08-35-301-044-0000 and 08-35-301-045-0000. 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 13th day of November 2012. APPROVED this 13`h day of November 2012. ATTEST: Judith M. Keegan, Village Clerk Re,61i I'ac 18i I Aithuspecialamcnd 3 APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village Exhibit "A" LTa rcy,N & TSA:i\r'.I']1 lS :\ 6' R OII IitiH 10 V :\ l . C V R I'OIt.\(19 t 1N 63NOk'I.'rlLASALLESTI? N I S(1.',_riTri. P, 1,00k U111C'A(IO, 11.1, INO TSMIG02 RRI.AA I P. JAHTON(3145M0-]riO4 PETER ' I:S;ANTI],IS'(3.12). 604-aM(IN 10A(!S I x rI LE (3 Li). 5N0-15116 Special CirctlIDstatices Requested by Prologis-Exchaute I,L LLC 1851.ArMur Avenue, Elle Grove Village, Illinois 600119 (PIFs: 05-35-301-044-0000 &08-3,5-301-045-0000) Prologis=Ei change IL: 1..L,C ("Applicant') owns the above-retcrcnccd property and desires to lease the same to an induskal user for %sumhousing, manufacturing find distribution. The subject property consists of an approximately 53;192 square foot building on h roughly 165,600 square foot site that is now 100% vacant and nnused. From August 2001 ' Lo the present clay, there have been no operations taking place at the suhjcct property, with the sante being merely used as dead storage frons May 2010 to October 2010. Accordingly, since August.. 2001 the subject properly has been 10011 vacant and unused. "fhe snbjcct property suAbvd from functional obsolescence and was in need of significant improvements; there bre, the Applicant completed substantial rehabilitation to the subject property in hopes of leasing the same to an industrial user for vvarchousing, nuuutfacturing and/or distribntion. The Applicant spent approsimaltcly $939,920 in completing certain inlprovernuts to the subject proper y. Specifically, the improvenronls included, baa %were not limited to, renovating the subject property's office arca; painting (llc,subjecl property`s ceiling, deck, walls and interior; rehabilitating the subject property's roof and applying epoxy to the subject property's warehouse floors. The Applicant plans to continue its substantial rehabilitation ofdhc subject properly alter it obtains the Village's support and consent of the Class 6b Tax Weemive. h has allotted S400MO in rehabilitating the subject property's parking lot. The Applicant cspects this substantial rehabilitation to bring approximately 20 consu'uction jobs to the community. 'I he Applicant believes that if it secures a Class 6b Tax llleeiltive for the subject property, it will be able to secwe an industrial'tenam, which will occupy the currently _vacant building and brinb jobs to the commtmity. Ilis 1'or thesercasons that it necessary to grant the Applicant a P.esolution sappotting and consenting to a Clas,61) Tax Incentive for.lhe above-rel'erenced properly based on occupation ofabandoned property lin' more than twchty-foot (24) months continuous vacancy without a purchase for valve and with special circumstances and substantial rehabilitation.