HomeMy WebLinkAboutRESOLUTION - 22-09 - 4/28/2009 - CLASS 6B/850 PRATT BOULEVARDRESOLUTION NO. 22-09
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 850 PRATT 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 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 613 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 850 Pratt
Boulevard, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-34-305-034-0000, 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 850
Pratt Boulevard, Elk Grove Village, Cook County, Illinois, legally described as follows, and
with the Property Index Number 08-34-305-034-0000 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:
THE WEST 24 FEET OF LOT 35 AND ALL OF LOTS 36, 37, 38 AND 39 (EXCEPT
THE WEST 24 FEET OF SAID LOT 39) IN CENTEX INDUSTRIAL PARK UNIT
NO. 22, BEING A SUBDIVISION IN SECTION 34, TOWNSHIP 41 NORTH,
RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO
THE PLAT THEREOF RECORDED SEPTEMBER 14, 1964 AS DOCUMENT
19243500, 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 08-34-305-034-0000.
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: 6 NAYS: 0 ABSENT: 0
PASSED this 28`h day of April 2009.
APPROVED this 28`h day of April 2009.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Ann I. Walsh, Village Clerk
Res6h1'ax8 Wratt Boulevard
Exhibit "A"
Special Cimumstances
Requested by Malmo -Pratt, LLC (operating as PMI Cartoning, Inc.)
The property contains a 63,000 square foot building that was vacant at the time of its purchase by
Malmo-natt, LLC and that by the time it is occupied will have been vacant and unused for nearly one year.
Currently, the propeaty is vacant and in need of substantial rehabilitation Malmo -Pratt, LLC, has purchased
this property and plans to invest roughly $150,000 to $200,000 to refurbish the existing facility. The
improvements will be made to, but not limited to, the parking lot, office and lighting as well as updating the fire
protection systems and emergency exits. PMI Cartoning, Inc is currently located in Arlington Heights in a
Class 6b building with 55 employees and plans to relocate its operations to 850 Pratt Blvd_ in Elk Grove Village
and begin its operations at this site with *75 employees with the likelihood of expanding to 80-95 employees
within the next year. However, this is all contingent on Mglmo-Pratt, LLC receiving a Class 6b Iax Incentive_
Based on our research and the additional costs that must be incurred to rehabilitate the building in order
for this to -be a successful endeavor, Malmo -Pratt, LLC must possess a Class 6b in order to successMy operate
the facility. PMI Cwtoning, Inc. is cmiently located in a Class 6b facility in Arlington Heights and needs to .
expand. PMI Cartoning, Inc. believes that this new facility will fit its needs moving forward, however, without
a Class 6b, it will not be able to successfully operate at this site nor complete the substantial rehabilitation_ It is
for these reasons that it is necessary to giant Malmo -Pratt, LLC a Class 6b Incentive based on occupation of
abandoned property for less than twenty-four months continuous vacancy, with a purchase for value and special
circumstances as well as substantial rehabilitation for the above -referenced property.