HomeMy WebLinkAboutRESOLUTION - 57-17 - 10/24/2017 - Class 6B - 1501 Nicholas RESOLUTION NO. 57-17
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 1501 NICHOLAS 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,the Petitioner has applied for or is applying for Class 6B property status
pursuant to said aforementioned ordinance for certain real estate located at 1501 Nicholas
Boulevard, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-35-203-011-0000,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
1501 Nicholas Boulevard, Elk Grove Village, Cook County, Illinois, and identified by
Property Index Number 08-35-203-011-0000, declared eligible for Class 6B 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, legally described as follows:
THE WEST 1029.00 FEET OF LOT 23 IN CENTEX INDUSTRIAL PARK, UNIT NO.
5, A SUBDIVISION IN SECTION 35, TOWNSHIP 41 NORTH, RANGE 11, EAST OF
THE THIRD PRINCIPAL MERIDIAN IN COOK COUNTY, ILLINOIS
Commonly Known as 1501 Nicholas, Elk Grove Village, IL 60007
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Section 2. That the Village of Elk Grove Village, Illinois hereby supports and consents
to the Class 613 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 08-35-203-011-0000.
Section 3. 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. Improvements to fagade, signage, loading docks, office, and the warehouse;
b. Install a new roof and concrete improvements.
Section 4. 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 24th day of October 2017.
APPROVED this 24th day of October 2017.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy,Village Clerk
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