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HomeMy WebLinkAboutRESOLUTION - 16-10 - 3/9/2010 - CLASS 6B/2206 LIVELY BOULEVARDRESOLUTION NO. 16-10 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 OF LOT 376 IN CENTEX INDUSTRIAL PARK, UNIT 230, BEING A SUBDIVISION IN THE SOUTHEAST''/4 OF 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 613 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: 5 NAYS: 0 ABSENT: 1 PASSED this 91h day of March 2010. APPROVED this 9`h day of March 2010. APPROVED: Mavor Craijz B. Johnson Village of Elk Grove Village ATTEST: Judith M. Keeizan, Village Clerk Res6 bTax22061_i veh•S peci x12010 Exhibit "A" Special Circumstances Requested by GRW Investments, LLC GRW Investments, Inc. (`'Applicant") plans to purchase the property located at 2206 Lively Boulevard in Elk Grove Village, Illinois and plans to rehabilitate and lease the same to Trust Air Cargo Corporation ("Trust Air'). Trust Air will be using the site for its operations consisting of the warehousing and .distribution of international freight, cargo consolidation for both air and sea, and moving operation services. The subject property consists of an approximately 10,070 square foot building on a roughly 25,175 square foot site that has been vacant since approximately September, 2008. The Applicant plans to purchase the site for $710,000 and plans to invest approximately $75,000 to $100,000 to refurbish the existing facility. The improvements will be made to, but not limited to, the roof, carpeting, walls, and offices as well as general maintenance. Specifically, the Applicant plans to replace the existing roof, replace all interior carpeting, and demolish interior walls in order to reconfigure the office space to provide a more open layout. Trust Air is currently located in Wood Dale, Illinois, however, it plans to relocate its entire operation to the above -referenced location because the overall layout and Elk Grove is more suitable for Trust Air's day-to-day operations. Trust. Air will bring all 14 of its current employees to this location with the likelihood of hiring an additional 2-3 employees over the life of the Incentive. Trust Air will look to hire all qualified Village of Elk Grove residents for future hires. 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, GRW Investments, Inc. must possess a Class 6b in order to purchase the property and lease the same to Trust Air. Trust Air believes that this new facility fits its needs moving forward, however, without the Class 6b, it will not be able to successfully operate at this site nor will GRW Investments be able to complete the substantial rehabilitation. 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 continuous months of vacancy and a purchase for value with special circumstances as well as substantial rehabilitation for the above - referenced property.