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HomeMy WebLinkAboutRESOLUTION - 7-09 - 2/10/2009 - CLASS 6B/46 LIVELY BOULEVARD RESOLUTION NO. 7-09 A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6B STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE AS AMENDED FEBRUARY 15, 2006 FOR CERTAIN REAL ESTATE LOCATED AT 46 LIVELY BOULEVARD, 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 February 15, 2006, 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 613 eligibility application filed with the Assessor; 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 46 Lively Boulevard, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Numbers 08-22-400-062-0000 and 08-22-400-057-0000, 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 46 Lively Boulevard, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the Property Index Numbers 08-22-400-062-0000 and 08-22-400-057-0000 declared eligible for Class 6B status pursuant to the Cook County Real Property Classification Ordinance as amended February 15, 2006, 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 ') INT GERALI SUBDIVISION. BEING A SUBDIVISION OF THE SOUTHEAST '/ OF SECTION 22, 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 Numbers 08-22-400-062-0000 and 08-22-400-057-0000. 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: 6 NAYS: 0 ABSENT: 0 PASSED this 101h day of February 2009 APPROVED this 101h day of February 2009 APPROVED: Mayor Craia B. Johnson Village of Elk Grove Village ATTEST: Ann L Walsh, Village Clerk Rec6bTax461.ivelyspecial 2 Exhibit"A" 46 Lively Boulevard, Elk Grove Village, Illinois Cook County Class 6B Tax Abatement Information Supporting Finding of Special Circumstances Meisystem,Inc. 3166 S. River Rd.,Suite 130 Des Plaines,Illinois 60018 (847) 803-3666 • The warehouse building at 46 Lively Boulevard (the "Property") is particularly suited to rehabilitation for use as a U.S. headquarters, distribution center and warehouse for Meisystem, Inc., the U.S. affiliate of MEI S.r.L, an international designer and manufacturer of specialized equipment used in the manufacture of eyeglasses. • If Class 6B tax abatement is provided, Meisystem, Inc. is prepared to spend in excess of $800,000.00 to acquire and rehabilitate the Property for the aforesaid use, but without such tax abatement the proposed rehabilitation will not be economically feasible and Meisystem, Inc. will not be able to fully utilize and occupy the Property. If fully utilized and occupied, the Property will support six full-time jobs in the near term, with capacity to add more jobs in the future, for Meisystem, Inc. • The Property presently has been vacant for approximately one year. As a consequence of the current severe economic recession, it is highly unlikely that the Property would be occupied within the next 12 to 18 months if Meisystem; Inc. does.not complete its proposed rehabilitation of the Property. • Due to the current economic recession and rising unemployment, it is in the interest of Elk Grove Village and its residents to support Meisystem, Inc.s request for Class 6B tax abatement relief in order to add new jobs in the community at a time when they are most needed.