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HomeMy WebLinkAboutRESOLUTION - 39-09 - 7/14/2009 - CLASS 6B/800 BUSSE ROADRESOLUTION NO. 39-09 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 800 BUSSE ROAD, 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 800 Busse Road, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Number 08-27- 401-056-0000, 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 800 Busse Road, Elk Grove Village, Cook County, Illinois, legally described as follows, and with the Property Index Number 08-27-401-056-0000 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 227 in Higgins Industrial Park Unit 162, Being a Subdivision in the Southeast'/4 of Section 27, 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- 27-401-056-0000. 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: I PASSED this 141h day of July 2009. APPROVED this 14`h day of July 2009. ATTEST: Ann I. Walsh, Village Clerk By: Judith M. Keegan, Deputy Village Clerk Res6bTax800BusseRdSpecial. W APPROVED: Mayor Craijj B. Johnson Village of Elk Grove Village Exhibit "A" NrAAk Advanced Valve Technologies, LLC 12601 S. Homan Ave., Blue Island, EL 60406 / 1.877.489.4909 / www.aytezvalve.com SPECIAL CIRCUMSTANCES ADDENDUM AVT HOLDINGS, LLC, by its Manager, Kevin Murphy, submits this "Special Circumstance" addendum in support of its request for consideration for the Tax Abatement Program. AVT HOLDINGS, LLC ("AVT HOLDINGS") is the entity purchasing the property and the company operating out of the property will be ADVANCED VALVE TECHNOLOGIES, LLC, ("AVT') a world-wide leader in the design and manufacturing of proprietary pipeline and related equipment. AVT intends to make the property at 800 Busse Road, Elk Grove Village its "WORLDWIDE DISTRIBUTION CENTER" showcasing the property to distributors from all over the world by bringing these distributors to Elk Grove Village where they will see AVT's cutting-edge manufacturing and design techniques related to pipeline and related equipment. AVT Holdings is. purchasing the property at 800 Busse Road from a company called LARTSA, LLC, a defunct business that is in the process of filing for bankruptcy. LARTSA had abandoned the property which is 'in the control of its lender who cooperating in the sale of the property scheduled for Wednesday, June 24, 2009. AVT Holdings' purchase of the property, for value, will allow the property to maximize its potential. AVT will be employing approximately 30 employees at the property in Elk Grove Village. Many of the workers are highly skilled machine technicians, and warehousemen. The companies are excited about the opportunity to be part of the continued growth and success of Elk Grove Village.