HomeMy WebLinkAboutRESOLUTION - 30-10 - 5/11/2010 - CLASS 6B/2501 LANDMEIERRESOLUTION NO. 30-10
A RESOLUTION AMENDING RESOLUTION NO. 29-09 AND 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 2501 LANDMEIER 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 more than 18 months and
has been purchased for value; 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 that the property is deemed "abandoned" for purposes of the
incentive, 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 2501 Landmeier
Road, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-26-411-014-0000, 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 2501
Landmeier Road, Elk Grove Village, Cook County, Illinois, legally described as follows, and
with the Property Index Number 08-26-411-014-0000 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 6 1N O'HARE INDUSTRIAL CENTER FOR BUSINESS, A RESUBDIVISION
OF LOT 1 IN HIGGINS ELMHURST SUBDIVISION NO. 1 AND LOT 1 IN
HIGGINS ELMHURST SUBDIVISION NO. 2 BEING SUBDIVISIONS OF THE
SOUTH EAST'/4 OF SECTION 26, TOWNSHIP 41 NORTH, RANGE 11 EAST OF
THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF
RECORDED SEPTEMBER 16. 1986 AS DOCUMENT 86418230 AND
AMENDED NOVEMBER 7. 1986 AS DOCUMENT 86525760, AND
CERTIFICATE OF CORRECTION RECORDED SEPTEMBER 3, 1987 AS
DOCUMENT 87487710 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 amended 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 08-26-411-014-0000.
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 11'h day of May 2010.
APPROVED this 11'h day of May 2010.
APPROVED:
Mavor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Judith M. Keegan, Village Clerk
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Exhibit "A"
Special Circumstances
The property contains an 35,700 Sq. Ft. building that has been virtually vacant and unused for approximately
one and a half years. The prior owners business of the property has been winding down for the last year and
%. They had been releasing their staff down to a skeleton staff over the course of this time. Currently, the
property is vacant and in need of substantial rehabilitation. Elmhurst Landmeier, LLC would like to purchase
the building and, through its managing company, George Gullo Development Corporation plans to invest
approximately $60,000.00 to $100,000.00 to refurbish the entire site. The development will bring
approximately 35 to 45 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, Elmhurst Landmeier, LLC, through its managing company, George Gullo
Development Corporation must possess a Class 613 in order to successfully operate the facility. However,
without a Class 6B, George Gullo will be unable to refurbish and lease the property. It is for these reasons that
it is necessary to grant Elmhurst Landmeier LLC the Class 66 Incentive with Special Circumstances for
vacancy.
2050 E. HIGGINS ROAD • ELK GROVE VILLAGE, 1L 60007 • PHONE: 847-439-4400 • FAX: 847-439-1465