HomeMy WebLinkAboutRESOLUTION - 20-19 - 4/9/2019 - Class 6B - 508-586 E. DevonRESOLUTION NO.20-19
A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6B STATUS
PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION
ORDINANCE AS AMENDED JULY 27, 2018 FOR CERTAIN REAL ESTATE LOCATED
AT 508-586 E. DEVON 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 27, 2018, 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 613 property status
pursuant to said aforementioned ordinance for certain real estate located at 508-586 E. Devon
Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Numbers 08-33-401-045-0000, 08-33-401-046-0000 and 08-33-401-047-0000, 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
508-586 E. Devon Avenue, Elk Grove Village, Cook County, Illinois, and identified by Property
Index Numbers 08-33-401-045-0000, 08-33-401-046-0000 and 08-33-401-047-0000, declared
eligible for Class 6B status pursuant to the Cook County Real Property Classification Ordinance
as amended July 27, 2018, 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:
LOTS 1 AND 2 (EXCEPT THE PART OF LOT 2 CONVEYED TO THE VILLAGE OF
ELK GROVE VILLAGE RECORDED MARCH 3, 2005 AS DOCUMENT NO.
0506239013) IN BOLGER'S ASSESSMENT PLAT OF PART OF THE SOUTH 1/2 OF
SOUTHEAST 1/4 OF SECTION 33, TOWNSHIP 41 NORTH, RANGE 11, EAST OF
THE THIRD PRINCIPAL MERIDIAN, COOK COUNTY, ILLINOIS.
Section 2: 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 Numbers 08-
33-401-045-0000, 08-33-401-046-0000 and 08-33-401-047-0000. Elk Grove Village is in
receipt of an economic disclosure statement that is included with the application packet.
Section 3: That the Mayor and Village Clerk are hereby authorized to sign any necessary
documents to implement this Resolution including the Elk Grove Village Class 6b Property Tax
Incentive Terms and Agreement subject to the petitioner completing new construction of
approximately 146,029 square foot industrial/warehouse building, in substantial conformance
with the Applicant completing the improvements stated in their application.
Section 4: 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 9th day of April 2019.
APPROVED this 9th day of April 2019.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy, Village Clerk