HomeMy WebLinkAboutRESOLUTION - 49-18 - 12/11/2018 - Class 6B - 801 EstesRESOLUTION NO.49-18
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 801 ESTES 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 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 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 801 Estes Avenue, in
the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-34-
100-076-0000, 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 801 Estes
Avenue, Elk Grove Village, Cook County, Illinois, identified by Property Index Number 08-34-
100-076-0000, 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 613 Tax Incentive Ordinance is necessary for the said development to
occur on the subject property, legally described as follows:
LOT 401 IN CENTEX INDUSTRIAL PARK UNIT 248 BEING A SUBDIVISION OF
THE NORTHWEST 1/4 OF SECTION 34, TOWNSHIP 41 NORTH, 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 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 08-34-
100-076-0000.
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, signage and parking lot;
b. Upgrade the office space 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 1111 day of December 2018.
APPROVED this 111h day of December 2018.
APPROVED:
Mayor CraiLy B. Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy, Village Clerk
EXHIBIT A
THE LAW OFFICES OF
LISTON & TSANTILIS
A PROFESSIONAL CORPORATION
33 NORTH LASALLE STREET. 28TH FLOOR CHICAGO, ILLINOIS 60602
BRIAN P. LISTON (312) 580-1594 PETER TSANTILIS (312) 604-3808 FACSIMILE (3.I2) 580-1592
Necessity of Class 6b Tax Incentive
The property located at 801 Estes Avenue, Elk Grove Village, IL 60007, (PIN: 08-34-
100-076-0000) consists of an approximately 63,426 square foot industrial building located on a
132,858 square foot site. PHABB Partners, LLC (the "Applicant") plans to lease the property to
a related entity, Diesel Radiator Company, Inc. (the "Occupier") who will use the facility to
expand its growing machining business. ,
The Class 6b Tax Incentive is necessary for the proposed development to be feasible, and
for the Applicant to invest the money necessary for repairs, rehabilitation and employee training.
The applicant is planning to spend approximately $423,000 on numerous repairs and new
installations, including: furnace and roof repair, new air compressors & lines, new security
system, crane, windows, flooring, dock doors, fencing, landscaping, etc. (See enclosed real
property improvements to be completed).
The purchase and subsequent improvements will significantly increase the value of the
subject property, resulting in increased tax revenues. Due to Cook County's relatively high
property taxes as compared to those in the collar counties, the proposed development will not be
feasible without the savings from the Class 6b tax incentive. For more information regarding the
necessity of the 6b incentive, please contact Lisa Burkhart at (708) 377-7501 or by email at
Respectfully Submitted,
LISTON & TSANTILIS, P.C.
Attorneys for Applicant
Mark Rogers