Loading...
HomeMy WebLinkAboutRESOLUTION - 36-09 - 6/16/2009 - CLASS 6B/930 LEE STREETRESOLUTION NO. 36-09 A RESOLUTION AMENDING RESOLUTION NO. 54-08 BY DELETING PROPERTY INDEX NUMBER 08-22-102-146-0000 AND ADOPTING 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 930 LEE STREET, 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 613 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 930 Lee Street, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-22-102- 147-0000, 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 (Larkin Partners, LLC acting as agent for George Gullo Development Corporation) to have certain real estate located at 930 Lee Street, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the Property Index Number 08-22-102-147-0000 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 613 Tax Incentive Ordinance is necessary for the said development to occur on the subject property: LOT 57 (EXCEPT THE WEST 1.75 FEET THEREOF) ALL OF LOT 58 AND THE WEST 31.75 FEET OF LOT 59 IN HIGGIN'S ROAD COMMERCIAL UNIT NO. 3, A SUBDIVISION IN THE WEST % 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 Number 08- 22-102-147-0000. 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 16`h day of June 2009. APPROVED this 16`h day of June 2009. APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Ann I. Walsh, Village Clerk By: Judith M. Keegan Deputy Village Clerk Res6bTax930 LeeSpecialrplc54-08 Exhibit "A" Special Circumstances The property contains an 18,720 square foot building that has been vacant and unused for approximately one and a half years. Currently, the property is vacant and in need of substantial rehabilitation. Larkin Partners, LLC, through its managing company, George Gullo-Development Corporation ("Gullo4pians-to-in-vzst-approximately-560,000-to.-refu bish-the.entirc-site The ---_-------- --_--- ------ - development will bring approximately 30 to 40 permanent new full-time employees to the facility and thus the Village of Elk Grove. 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, Larkin Partners, LLC, through its managing company, George Gullo Development Corporation must possess a Class Win order to successfully operate the. facility. It is for these reasons that it is necessary to grant Larkin Partners, LLC the Class 6b Incentive with Special - Circumstances for vacancy.