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HomeMy WebLinkAboutRESOLUTION - 42-18 - 9/25/2018 - Class 6B - 1281 JarvisRESOLUTION NO.42-18 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 1281 JARVIS 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 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 613 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 613 property status pursuant to said aforementioned ordinance for certain real estate located at 1281 Jarvis Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08- 27-400-071-0000, 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 1281 Jarvis Avenue, Elk Grove Village, Cook County, Illinois, identified by Property Index Number 08-27-400-07 1 -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, legally described as follows: LOT 6 IN DAVID'S RESUBDIVISION OF THE NORTH 220 FEET OF THE EAST 420 FEET OF LOT 230 IN HIGGINS INDUSTRIAL PARK UNIT 165, A SUBDIVISION IN THE SOUTHEAST 1/4 OF SECTION 27, 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 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 6B tax incentives shall apply to the property identified as Permanent Real Estate Index Number 08- 27-400-071-0000. 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. Upgrade the Fagade, Landscaping and Signage; b. New Parking Lot c. Upgrade the Office and Warehouse Space. 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 25th day of September 2018. APPROVED this 25th day of September 2018. APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Loretta M. Murphy, Village Clerk Exhibit "A" SARNOFF +BA. CASH P R 0 P E R T Y T A X L A W 888 Rentals, LLC, or an entity to be named ("Applicant') is requesting a Resolution in support and consent of a Class 6b Incentive on the above -referenced property based on occupation of an abandoned property that has been vacant for less than 24 continuous months with a purchase for value, special circumstances and substantial rehabilitation. The Applicant plans to purchase the subject property and rehabilitate the same to lease to Cardinal Express Logistics, Inc. to occupy for its operations consisting of the warehousing and distribution in freight forwarding. The subject property consists of an approximately 15,400 square foot site with a roughly 5,525 square foot building that has been 100% vacant and unused since December 31, 2016. The property is in need of substantial rehabilitation. Therefore, the Applicant plans to invest approximately $60,000 to $80,000 to immediately rehabilitate the subject property. Based on initial inspections these improvements will be to improve the fagade, clean and tuckpoint as necessary, install a new monument sign, install a new address number, install new exterior LED lights, repair the dock area, repair the dock drive apron per Village standards, update the landscaping, repair the parking lot, update the office, kitchen and bathrooms, repair the electrical and repair the roof as well as to complete other general maintenance. Please note that all of the rehabilitation costs could significantly vary depending on a variety of factors such as market variances. Further inspections of the subject property may require additional improvements. The rehabilitation will create approximately 10 to 20 construction jobs. Cardinal Express Logistics, Inc. will be a new business. Cardinal Express Logistics, Inc. plans on hiring 3 (all full-time) new employees to start at the subject property and hopes to add 2 to 3 additional employees in the next year or two. Depending on growth, the total number of employees could increase to 10 to 15 over the next 10 years. In addition, Cardinal Express Logistics, Inc. will look to hire all qualified Elk Grove Village residents for future hires. Elk Grove Village can also expect that Cardinal Express Logistics, Inc. and its employees will invest commercially back into the community by visiting local establishments such as restaurants, gas stations, grocery stores and more. In addition, Elk Grove Village can expect that Cardinal Express Logistics, Inc. will attract business and various customers to the Village in the course of its operations. Based on our research and the additional costs that must be incurred to rehabilitate the building in order for this to be a successful endeavor, the Applicant must possess a Class 6b Incentive to complete the substantial rehabilitation thereof and to successfully operate the property. It is for these reasons that it is necessary to grant the Applicant a Resolution in support and consent of a Class 6b Incentive for the subject property based on occupation of an abandoned property that has been vacant for less than 24 continuous months with a purchase for value, special circumstances and substantial rehabilitation.