The URL can be used to link to this page

Home My WebLink AboutRESOLUTION - 1-15 - 1/13/2015 - CLASS 6B-145 SOUTH LIVELYRESOLUTION NO. 1-15 A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6B STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE AS AMENDED JULY 17, 2013 FOR CERTAIN REAL ESTATE LOCATED AT 145 SOUTH LIVELY BOULEVARD, 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 July 17, 2013, 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 6B, 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 145 South Lively Boulevard, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-22-402-075-0000, 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 145 South Lively Boulevard, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the Property Index Number 08-22-402-075-0000, declared eligible for Class 6B special circumstances status pursuant to the Cook County Real Property Classification Ordinance as amended July 17, 2013, 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 JAY'EN RESUBDIVISION OF LOT 80 IN HIGGINS INDUSTRIAL PARK UNIT 53 A SUBDIVISION IN THE WEST % OF THE SOUTHEAST Ya OF SECTION 22 AND LOT 110 IN HIGGINS INDUSTRIAL PARK UNIT 76, A SUBDIVISION IN THE WEST/20F THE SOUTHEAST '/a OF SECTION 22 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- 22-402-075-0000. Section 4: That the Mayor and Village Clerk are hereby authorized to sign any necessary documents to implement this Resolution subject to the petitioner completing the following conditions within twelve months of closing: a. Rehabilitation of landscaping and fayade, including removal of barrier wall, installation of new exterior lights, and removal of and replacement of tile awning. b. Installation of new warehouse windows, new internally illuminated business sign and two new dock doors. c. Modernization of interior offices including new HVAC, plumbing, and unit heaters in warehouse. 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 13`h day of January 2015. APPROVED this 13`h day of January 2015. APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Judith M. Keegan, Village Clerk CI ascbB 145NLi velv Blvd Exhibit "A" THE LAW 010,:lU :S 01, o LISTON & TSAN,TILIS - 1 A L'It0YHL4910NAL('(IK POR A'19UN / ' :13 NUh'CFi-LASAI,I.IL s'r'Itl'; L:'P. 49'P}I"1±1,OUK (!I[ICAl1U, ILLI\41IN f1Uf10� !r?FQ RR7:\N P. LISTONH:K'i'S.1NTh1,IS (312) 1304-380N 'P'ACSIHILF. (312) GNII-16H`2 -- Special Circumstances Requested by TKKD Properiies, LLC or its Assience TKKD Properties, LLC or its Assignee (collectively, the *"Applicant") plans to purchase the property located at 145 South 'I;ivcly Boulevard in Elk Grove Village, Illinois (PIN: 08-22- 4902-075-0000). The Applicant plans to rehabilitate andlease the same to a related entity, Chief Supply, Inc., a warehouser and distributor of electrical equipment, fixtures and supplies. The subject property consists of an approximately 14,573 square Toot building on an approximately 29,521 square foot site. The building was constructed n 1970, is one story and has ceiling heights of approximately,14 feet. The prior occupant of the subject property, Johnstone Supply, began winding down operations at the subject property by May 2014 and by June 15, 2014, Johnston Supply ceased operations at the site. Since June 14, 2014, the subject property has been 100% vacant and unused. The property is currently suffering functional obsolescence; accordingly, the Applicant plans to invest approximately $150,000 in improvements to redovate,the subject property. This rehabilitation will include, but will not be limited to the following: • Rehabilitation of the property's landscaping, including but not limited to: o Removal ofexisting landscaping. o Installation of an estimated 60 bushes. • Rehabilitation of the propertv's facade, including but not limited to: o Removal of the property's tile facade. o Installation of new facade. o Replacement of warehouse windows. • Rehabilitation of the property's signage, including but Pot limited to: o Installation of a new illuminated sign in the front of the building, • Rehabilitation of the property's interior, including but not limited to: o Installation of two new dock doors in the front of the building. o Modernization of the property's bathrooms. o Modernization of the property's office. The Applicant expects the rehabilitation to be completed by the end:of,summer 2015 and to create approximately 15 construction jobs. Chiel'Supply, Inc. has operated from the Village of Elk Grove. since 1995 (or approximately 20 years), Rctween 1995 and 2004, Chief Supply, Inc.'s operations -,were located at 820 Touhy Avenue in Elk Grove Village. In 2004, Chief Supply, Inc. relocated its operations L vs,'oN & TSANT11,15 to the nearby facility of 195 Martin Lanc in Elk Grove Village (tile "Martin Location"). Chief Supply, Inc. has remained at this location through the present"day. Because of its expanding business, Chief Supply, Inc. has outgrown the approximately 7,172 square foot building located at the Martin Location; however, Chief Supply, Inc. would like to remain in Elk Grove Village (its home for the last twenty years). The subject property's approximately 14,573 square foot building and its location within the Village offers Chief Supply, Inc. an ideal facility for its expansion. If Chicf Supply, Inc. can obtain financial support through the Class 6b "fax Incentive to rehabilitate the property, it plans to relocate its entire operations to the subject property. Chid Supply, Inc. currently has approximately one full-time employee and approximately 3 part-time employees at the Martin Location. It not only plans to transfer all of these employees to the subject property, but also graduate one of the part-time employees into a full-time employee and hire approximately one additional part-time employee to work at the subject pmpetty within the next year. Within next five years, Chief Supply, Inc. will look to have 4 to 6 full-time employees at -the subject property. Chief Supply, Inc. will look to hire F.Ik Grove Village residents for these and other future hires.,, Chief Supply, Inc. does produce sales tax at the Martin location. It estimates that it generates approximately $300,000 in taxable sales a year, resulting in annual sales tax of approximately $30,000. Chief Supply, Inc. plans to continue to generate and grow this sales tax at the subject property after its relocation to the same. 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 abandoned property for less than twenty-four (24) months, continuous vacancy with a purchase for value, special circumstances and substantial rehabilitation.