HomeMy WebLinkAboutRESOLUTION - 40-15 - 8/18/2015 - CLASS 6B-300 BONDRESOLUTION NO. 40-15
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 300 BOND STREET, 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 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 abandomnent, 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 300 Bond Street, in
the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Numbers 08-
22-102-071-0000 and 08-22-102-187-0000, 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 300 Bond
Street, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the
Property Index Numbers 08-22-102-071-0000 and 08-22-102-187-00000, 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:
THE SOUTH 46.52 FEET OF LOT 40 AND ALL OF LOT 41 IN HIGGINS ROAD
COMMERCIAL SUBDIVISION UNIT 2 SUBDIVISION IN THE WEST %1 OF
SECTION 22, A RESUBDIVISION OF LOTS 3 TO 8 IN ARTHUR B.
SCHARRINGHAUSEN'S SUBDIVISION OF PART OF SECTIONS 21 AND 22
TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN,
IN COOK COUNTY, ILLINOIS.
and
LOT 18 (EXCEPT THE SOUTH 52 FEET) IN HIGGINS ROAD COMMERCIAL
SUBDIVISION UNIT NUMBER 2 A SUBDIVISION IN THE WEST % OF SECTION
22, A RESUBDIVISION OF LOTS 3 TO 8 IN ARTHUR B. SCHARRINGHAUSEN'S
SUBDIVISION OF PART OF SECTIONS 21 AND 22 TOWNSHIP 41 NORTH,
RANGE 1 I 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 Numbers 08-
22-102-071-0000 and 08-22-102-187-0000.
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. Repair dock aprons in accordance with Village Code
b. New exterior lighting and signage
c. New landscaping
d. Refurbishment of entryway awning
e. New windows
f Cleaning offapade
g. Interior build out
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 18'h day of August 2015.
APPROVED this 18`' day of August 2015.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Judith M. Keegan, Village Clerk
CIus:6R300[3ond 2011