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Home My WebLink AboutRESOLUTION - 42-13 - 8/20/2013 - CLASS6B- 1100 TOUHY AVE.RESOLUTION NO. 42-13 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 1100 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 pursuant to said aforementioned ordinance, for certain real estate located at 1100 Touhy Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-27-303-013-0000 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 1100 Touhy Avenue, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the Property Index Numbers 08-27-303-013-0000 declared eligible for Class 6B 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 115 IN THE CENTEX INDUSTRIAL PARK, UNIT NUMBER 82, BEING A SUBDIVISION IN SECTION 27 AND 34, 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 08-27-303-013-0000. 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 201" day of August 2013. APPROVED this 201" day of August 2013. APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Judith M. Keegan, Village Clerk Res6bTu I I OOTouhyspec ial THE LA -9 OFFICES OL' Exhibit "A" LISTON & TSANTILIS A PROFESSIONAL CORPORATION 33 NOI;TH LASALLb; SThliE'P, :3G'111 Jf4.00R GHICAG O. LLT.TNOIS 60602 BRIAN P. LISTON (SL) 580-1594 PETER'PSANTILTS (:312) 604-3808 In SCSI FILE (312) 580-15112 Special Circumstances Requested by HMK1100 LLC 1100 Touhv Avenue, Ell: Grove Villsge, Illinois (PIN: 08-27-303-013-0000) HMKI100 LLC ('Applicant") plans on purchasing the property located at 1100 Touhy Avenue in Elk Grove Village, Illinois (PIN: 08-27-303-013-0000). The Applicant plans on leasing the subject property to an affiliated entity, Steiner Electric Company ("Steiner"), for its operations consisting of warehousing and distribution of wholesale electrical supplies, industrial supplies, automation products, generators and low voltage connectivity products as well as generator and band saw on site services. The subject property consists of an approximately 59,960 square foot building on a roughly 106,219 square foot site. The previous tenant of the subject property, Specialties Binding, Inc., began winding down operations at the subject property on or about June of 2013 and by July 15, 2013 had completely vacated the subject property. Since July 15, 2013, the subject property has been 100% vacant and unused. Steiner owns two (2) properties adjacent to the subject property consisting of an approximately 85,000 square foot building and an approximately 67,000 square foot building respectively located at 1250 Touhy Avenue and 1275 Touhy Avenue in Elk Grove Village. Steiner continues to grow and needs additional space. Steiner intends to lease the subject property to accommodate an expansion of inventory, logistics and distribution activities and allow it to maintain its corporate headquarters in Ell: Grove Village. Steiner plans to transfer approximately 20 employees to the subject property and plans to add approximately 8 new employees at the subject properly within one (1) year after occupying the site. Steiner will look to hire all qualified Village of Elk Grove Village residents for future hires; however, the above is contingent on the Applicant receiving a Class 6b Tax Incentive. In order for Steiner to successfully operate at the site, the subject property will need significant improvements. Therefore, the Applicant has allotted approximately $400,000 to $500,000 to refurbish the same.l`heimprovemenls will be made with regard to, but not limited to, constructing a pedestrian walkway between the subject property and the adjacent building located at 1250 Touhy Avenue, HVAC and electrical improvements and resurfacing the parking lot and driveway. Steiner has been in existence since 1916 and has eight locations in Illinois and Indiana including the aforementioned Elk Grove Village locations. Steiner employs more than 475 people and is recognized as a leading wholesale distributor of electrical supplies, industrial supplies, automation products, generators and low voltage connectivity products as well as generator and band saw on-site services. For more information regarding Steiner including its history and connection to the area, its corrummity outreach, its locations and its high quality services and products, please visit its website at littlls://www.steiiierelectric.coiii. The Applicant believes the Class 6b Tax Incentive will allow it to purchase, rehabilitate and successfully lease the subject property to Steiner, and therefore, till a 100% vacant and unused site and bringjobs to the Village of Elk Grove Village and Cook County. It is for these reasons that it is necessary to grant the Applicant a Resolution supporting and consenting to a Class 6b "Tax Incentive for the above - referenced property based on occupation of an abandoned property for less than twenty-four (24) months continuous vacancy with a purchase for value, substantial rehabilitation and special circumstances.