HomeMy WebLinkAboutRESOLUTION - 12-05 - 3/22/2005 - CLASS 6B STATUS/1905-1945 LUNT AVERESOLUTION NO. 12-05
A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6B STATUS
PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION
ORDINANCE AS AMENDED JANUARY 1, 2000 FOR CERTAIN REAL ESTATE
LOCATED AT 1905-1945 LUNT 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 January 1, 2000, 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.
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 1905-1945 Lunt
Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-35-104-034-0000, 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 1905-
1945 Lunt Avenue, Elk Grove Village, Cook County, Illinois, legally described as follows, and
with the Property Index Number 08-35-104-034-0000 declared eligible for Class 613 status
pursuant to the Cook County Real Property Classification Ordinance as amended January 1,
2000, 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:
Lot 17 (except the East 1300 feet as measured at right angles to the East
Line thereof) in Centex Industrial Park Unit 3, being a subdivision of
Section 35, 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 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 08-35-104-034-0000.
Section 4: That the Mayor and Village Clerk are hereby authorized to sign any necessary
documents to implement this Resolution.
Section 5: That this Resolution shall be in full force and effect from and after its passage
and approval according to law.
VOTE: AYES: 5 NAYS: 0 ABSENT: 1
PASSED this 22"d day of March 2005.
APPROVED this 22°d day of March 2005.
APPROVED:
Mayor Craia B. Johnson
Village of Elk Grove Village
ATTEST:
Ann I. Walsh, Village Clerk
Res6bTax 1905-19451UNTSPECIAI..DOC
Exhibit A
■ Property Improvements: estimated at $1,500,00 - $2,000,000
► Newly -installed parking lot
► Roof repairs
► Extensive office remodeling (approx. 24,000 SF)
► Significant plant employee support areas i.e. locker rooms, toilet rooms, lunch
area.
► New HVAC systems
► Electrical upgrades
► Overhead crane installations
► Fagade upgrades
► Other miscellaneous tenant improvements