HomeMy WebLinkAboutRESOLUTION - 44-20 - 6/16/2020 - Class 6B, 825 Arthur AvenueRESOLUTION NO.44-20
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 825 ARTHUR 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 825 Arthur
Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-34-302-035-0000, 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
825 Arthur Avenue, Elk Grove Village, Cook County, Illinois, and identified by Property
Index Number 08-34-302-035-0000, 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:
LOT 2 IN WEST O'HARE CARGO CENTER SUBDIVISION ACCORDING TO THE
PLAT THEREOFRECORDED MARCH 9, 2005 AS DOCUMENT 0506844028,
BEING A RESUBDIVISION OF LOT 292 INCENTEX INDUSTRIAL PARK UNIT
172 IN THE SOUTH HALF OF SECTION 34, TOWNSHIP 41 NORTHRANGE 1
EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS.
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 08-34-302-035-0000. 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 subject to the petitioner completing the following
conditions within twelve months of closing:
a. Fagade painting;
b. Update landscaping;
c. Tenant buildout, replacement of all HVAC units;
d. Refurbishing the parking lot.
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 161h day of June 2020.
APPROVED this 16th day of June 2020.
ATTEST:
Loretta M. Murphy, Village Clerk
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
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