HomeMy WebLinkAboutRESOLUTION - 3-11 - 1/11/2011 - CLASS 6B/1390 HOWARD STREETRESOLUTION NO. 3-11
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 1390 HOWARD 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 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 613 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 1390 Howard
Street, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-27-203-031-0000, 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 1390
Howard Street, Elk Grove Village, Cook County, Illinois, legally described as follows, and
with the Property Index Number 08-27-203-031-0000 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 1 IN GULLO HOWARD STREET INDUSTRIAL UNIT 1, BEING A
RESUBDIVISION OF LOT 173 IN HIGGINS INDUSTRIAL PARK UNIT 117 BEING
A SUBDIVISION IN THE NORTHEAST %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
6B tax incentives shall apply to the property identified as Permanent Real Estate Index
Number 08-27-203-031-0000.
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 January 2011.
APPROVED this 111h day of January 2011.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Judith M. Keegan, Village Clerk
RES6bTax I390Howardspecial
Exhibit "A"
Special Circumstances
Requested by Scalet Real Estate Holdings, LLC
Scalet Real Estate Holdings, LLC ("Applicant") recently purchased the currently vacant and
unused property located 1390 Howard St. in Elk Grove Village, Illinois (PfNI: 08-27-203-031-0000) and
plans on leasing the same to Gem Exteriors, Inc. (''Gem') to use in its operations which consists of
warehousing and distributing roofing and siding equipment and parts. For additional information on
Gem, please visit its website: www.gemexteriors.corn.
The subject property consists of an approximately 6,250 square foot building that has been vacant
and unused since March, 2009. Currently, the property is vacant and in need of substantial rehabilitation.
The Applicant plans to invest approximately 515,000 to refurbish the existing facility. The improvements
will be made with regard to, but not limited to, the offices, bathrooms, walls, ceilings, lighting, roof,
kitchen and other general maintenance. In addition, the Applicant will be installing one new door in the
warehouse as well as installing drains and an exhaust vent.
Gem is currently located in a roughly 3,500 square foot facility in Itasca, Illinois and plans to
move and expand its entire operation to the subject site at 1390 Howard St. Gem plans on bringing all 10
of its current employees to this location with the likelihood of hiring an additional 5 to 10 employees
within the next two years. Gem will look to hire all qualified Village of Elk Grove Village residents for
future hires. However, this is all contingent on the Applicant receiving a Class 6b Tax Incentive.
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 rehabilitate and operate at the subject site. It is for these reasons that it is necessary to grant
the Applicant a Class 6b Incentive for the above -referenced property based on occupation of abandoned
property for less than twenty-four months continuous vacancy with a purchase for value, special
circumstances and substantial rehabilitation.