HomeMy WebLinkAboutRESOLUTION - 37-19 - 6/18/2019 - Class 6B - 1001 Fargo Ave.RESOLUTION NO.37-19
A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6B STATUS
PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION
ORDINANCE AS AMENDED DULY 27, 2018 FOR CERTAIN REAL ESTATE LOCATED
AT 1001 FARGO 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, 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 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 1001 Fargo Avenue,
in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number
08-27-303-038-0000, 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 1001
Fargo Avenue, Elk Grove Village, Cook County, Illinois, identified by Property Index Number
08-27-303-038-0000, declared eligible for Class 6B special circumstances 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:
LOT 283 OF CENTEX INDUSTRIAL PARK UNIT 163, A SUBDIVISION IN THE
SOUTHWEST 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 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 Number 08-
27-303-038-0000. Elk Grove Village is in receipt of an economic disclosure statement that is
required with the application packet.
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. Fagade, landscaping and signage improvements;
b. Replacement of all concrete aprons and reconstruction of parking lot; and
c. Add storm water detention.
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 18th day of June 2019.
APPROVED this 18th day of June 2019.
ATTEST:
Loretta M. Murphy, Village Clerk
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APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
EXHIBIT "A"
THE LAW OFFICES OF
LISTON & TSANTILIS
A PROFESSIONAL CORPORATION
33 NORTH LASALLE STREET, 28TH FLOOR CHICAGO. ILLINOIS 60602
BRIAN P. LISTON (312) 580-1.594 PETER TSANTILIS (312) 604-3808 FACSIMILE (312) 580-1592
Necessity of Class 6b Tax Incentive
1001 Fargo Avenue in Elk Grove Village, Illinois 60007 (PINS: 08-27-303-038-
0000) consists of an approximately 31,059 square foot building (the "Building") on an
approximately 1.93 acre site. The Building is approximately 47 years old. The previous occupant
of the subject is TagCo USA, Inc. TagCo USA, Inc. ceased operating at the subject property
around February 2019. The subject property has been 100% vacant and unused since
approximately February 2019.
The Building is suffering from severe functional obsolescence. It is approximately 47
years old and was not constructed to modern standards. The parking lot will have to be
completely reconstructed, a curb and gutter need to be added, as well as a new addition of a
storm water detention. The fence surrounding the property needs to be rebuilt since it is
interfering with neighboring properties. The fagade, office space, landscaping, and signage needs
major investment for modernization. The Building's roof needs to be repaired and Applicant will
install solar panels. The estimated initial cost to bring this building up to code and to a useable
condition for a modern industrial tenant is approximately $500,000.
Due to the high taxes of Cook County, if the Class 6b Tax Incentive is not approved, the
Applicant will be forced to consider choosing an alternative location in a neighboring County or
community that offers it a Class 6b Tax Incentive. Applicant owns one other property in Elk
Grove Village across the street from the Building and would prefer to stay and do business
locally (see attached EDS).
As stated above, without approval of the Class 6b Tax Incentive, the Applicant does not
believe it will be financially feasible to substantially remodel the Building because of the
County's high tax burden. Therefore, the Applicant will be forced to look to develop in a county
with a lower tax burden, or a community in Cook County who offers a Class 6b Tax Incentive.
For more information regarding the necessity of the 6b incentive, please contact Andy
Koziarski (847) 258-3558 or by email at akoziarski@marketplacebrands.com.
Respectfully Submitted,
LISTON &TSANTILIS, P.C.
Attorneys for Applicant
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Christopher Zarek