HomeMy WebLinkAboutRESOLUTION - 26-09 - 5/12/2009 - CLASS 6B/2206 LIVELY BLVDRESOLUTION NO. 26-09
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 2206 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 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 2206 Lively
Boulevard, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-34-302-030-0000, 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 2206
Lively Boulevard, Elk Grove Village, Cook County, Illinois, legally described as follows, and
with the Property Index Number 08-34-302-030-0000 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 4 IN ARTHUR -LIVELY RESUBDIVISION, BEING A RESUBDIVISION OF
LOTS 376 IN CENTEX INDUSTRIAL PARK, UNIT 230, BEING A SUBDIVISION
IN THE SOUTH/20F SECTION 34, 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 613 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 08-34-302-030-0000.
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 12`h day of May 2009.
APPROVED this 12`h day of May 2009.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Ann I. Walsh, Village Clerk
Res6KI"as2206L.ivel\fipec ial
Exhibit "A"
Special Circumstances
Requested by No Boundaries Inc. (the "Applicant")
This property consists of an apptoxirfately> 1,0;000 squafffoot building that has been vacant for
nearly one year. Currently, the property is vaeantand in'need of substantial rehabilitation. The Applicant
intends to purchase the site for $745,000 and plans to invest roughly $20,000 to $30,000 to refurbish the
existing facility. The improvements will be made to, but not limited to, the office, bathrooms, walls and
floors as well as for general maintenance and repair: The Applicant is currently located in Elk Grove
Village at 1400 Louis Ave. and plans to-reloeate its operations within Elk Grove Village at 2206 Lively
Blvd. and begin its operations at this site with 4 employees ;with the likelihood of expanding to 2 to 3
employees within the next year and 5 more employees.over the life of the Incentive. However, this is all
contingent on the Applicant receiving a Class 6b Tax Iriceritive.
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, the Applicant must possess a Class 6b Incentive in order to
successfully operate the facility. The Applicant needs to expand and 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 needed. It is for these reasons that it is necessary to grant the
Applicant a Class" 6b Incentive based on occupation of abandoned' property for less than twenty-four months
continuous vacancy, with a purchase for valiid and: special circuinstances as well as substantial rehabilitation
for the above -referenced property.