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Home My WebLink AboutRESOLUTION - 3-17 - 1/10/2017 - Class 6B 750 Lee Street RESOLUTION NO. 3-17 A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 611 STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE AS AMENDED JULY 17,2013 FOR CERTAIN REAL ESTATE LOCATED AT 750 LEE 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 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 613 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 750 Lee Street, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Numbers 08-22- 102-186-0000, and 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 750 Lee Street, Elk Grove Village, Cook County, Illinois, identified by Property Index Numbers 08-22- 102-186-0000, 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 1 provided by the said Class 6B Tax Incentive Ordinance is necessary for the said development to occur on the subject property, legally described as follows: LOT 44 (EXCEPT THE EAST 10 FEET THEREOF) IN HIGGINS ROAD COMMERCIAL SUBDIVISION UNIT NO. 2, A SUBDIVISION IN THE WEST 1/20F 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 Numbers 08- 22-102-186-0000. 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. Replace dock and driveway apron to parking lot; b. Replace 25' parking set back with landscaping and add ADA stall and signage; c. Remove stones from right of way and replace with grass; d. Remove stone along dock and replace concrete on south east side of driveway; e. Fagade improvements including EIFS, new window and decorative aluminum band; and f. Landscaping improvements with installation of illuminated sign. 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 10th day of January 2017. APPROVED this 10th day of January 2017. APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Judith M. Keegan,Village Clerk 2 Exhibit"A" MADIGAN & GETZENDANNER ATTORNEYS Al LAW SUITE 3906 30 NORTH LA SALLIE STREET' CHICAGO,ILLINOIS 50602-2607 TELEPHONE(112)3346-4321 MICHAEL J.MADIGAN LTDFAX(312)346-5619 , i VINCENT J.GETZENDANNER,iFi.CFD wwwrnadlgatz.corr Sonlar Real Estate Analyst HAROLD J.HICKS I'VRITEH28 DIRECT DIAL NUMMR: DONALD F.STANNER JEFFREY A,HOLLAND MICHAEL G.PRINZI ROBERT E,WELSH (312) 551-3332 December 28,2016 VIA ELECTRONIC MAIL Mr, Josh Grodzin Director of Business Development and Marketing Village of Elk Grove Village 901 Wellington Elk Grove Village, Illinois 60007 Re: Class 6b Real Estate Tax Incentive with Special Circumstances 750 Lee Street; Elk Grove Village,IL PIN: 08-22-102-186-0000 Dear Mr. Grodzin' As you know, I have filed an application on behalf of Hartman Electric Company, Inc, for consideration by the Village of Elk Grove Village for the Class 6b tax incentive, Hartman Electric Company, Inc. is interested in buying an industrial building located at 750 Lee Street which was vacated by Superior Installations. The applicant intends to expend approximately $118,000 to renovate the subject property for an owner-occupied use, Additionally,as the period of abandonment is less than two years,upon a purchase for value, the village may determine that special circumstances justify finding the property to be deemed abandoned. As part of their analysis, the applicant is considering various locations in the Chicago suburban area which includes industrial buildings in Cook, DuPage and Will counties, As always, real estate taxes area primary consideration in the financial analysis of any proposed site. Inorder for the Elk Grove Village location to compete with the surrounding locations,the Class 6b provides a necessary component in the overall analysis of operating costs. In fact, but for the possible availabl lily of the Class 6b tax incentive,the other sites offer a significant operating cost advantage and the subject property would likely remain vacant for the foreseeable future. MADIGAN &GETZENDANNER Mr.Josh Grodzin December 28,2016 Page 2 An analysis of the fiscal impact and ongoing benefit to Elk Grove Village has been previously filed for your review and consideration. Your attention to this matter is greatly appreciated and we look forward to working with you in this most important process. It would be appreciated if this matter could be set for the next Village Board meeting. With that in mind, should you have questions, or require any additional documentation,please contact me directly. Very truly yours, Robert E. Welsh Enclosures G:tCt?�Kt2x�k 44o+c'xf4?€s-cr&.x3(C�-Ia&a-YS4 R.ct SltroecSq.e 661Ex.to 7.GaK9xh+rx�3 x,$8.S&dacx