HomeMy WebLinkAboutRESOLUTION - 7-11 - 2/8/2011 - CLASS 6B/1281 ARTHUR AVENUE RESOLUTION NO. 7-11
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 1281 ARTHUR AVENUE,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 24 months and there has been no purchase 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 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 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 1281 Arthur
Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-34-402-050-0000, 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 1281
Arthur Avenue, Elk Grove Village, Cook County, Illinois, legally described as follows, and
with the Property Index Number 08-34-402-050-0000 declared eligible for Class 6B status
I
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 FOUR COLUMNS RESUBDIVISION IN ELK GROVE VILLAGE, BEING
A RESUBDIVISION IN THE SOUTH EAST /40F SECTION 34, TOWNSHIP 41
NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN ELK
GROVE VILLAGE COOK COUNTY, ILLINOIS ACCORDING TO THE PLAT OF
SOUTH RESUBDIVISION RECORDED JULY 30, 1980 AS DOCUMENT 25530614,
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 08-34-402-050-0000.
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 8th day of February 2011.
APPROVED this 8`h day of February 2011.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Judith M. Keegan,Village Clerk
Res6bTax 1231 Arthurspecial
2
CRANE AND NO�RC7ROSS
JOHN D. NORCROSS "CG
MICHAEL E. CRANE SUITE 900•TWO NORTH LA SALLE STREET JAMES P.CROWLEY
JOSEPH J. BUTLER CHICAGO, ILLINOIS 60602-4059 CERTIFIED ASSESSMENT EVALUATOR
SUSAN T.CROWLEY TELEPHONE 312/726-9161 FAX 312/726-7032 M. KEVIN CONNORS
KRISTEN B. FARRELL CERTIFIED ASSESSMENT EVALUATOR
JAMES P. BOYLE
ROBERT M. MARSICO Exhibit «A»
January 19, 2011 JAN 2
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Village of Elk Grove
901 Wellington
Elk Gove, 1160007
Attn: Joshua M. Grodzin
Director of Business Development and Marketing
Re: Class 6b Resolution Request
Applicant: AMB-SGP CIF-Illinois, L.P.
Location: 1281 Arthur Avenue, Elk Gove Village
PIN: 08-34-402-050
Dear Mr. Grodzin:
AMB Property Corporation, the owner of the above property, requests the Village of Elk Grove to
approve a Class 6b real estate tax incentive for the above property. AMB currently owns and operates
approximately 1.5 million square feet of industrial space in Elk Grove Village.
The 6b classification is being requested under the Special Circumstance provision of the Cook County
Classification Ordinance, in that there will not be a purchase for value, but the period of abandonment
will be more than 24 months.The property has been vacant since April 30, 2009, a period of 21 months.
Because the application process at Cook County will not be completed until after the 24 month
requirement, the resolution, if approved, may state that approval is contingent upon the property
remaining vacant-until May 1, 2011.
This type of facility is generally utilized for warehouse/storage, light manufacturing, distribution, or
assembly. Based on our experience in the management and leasing of similar properties, typical users
would employ approximately 25-30 persons in their day to day operations.
Without the 6b incentive, we believe this 38,908 sq. ft. industrial property will remain vacant for the
foreseeable future. We have been in negotiations with numerous potential tenants and the issue of the
lack of 6b status has been a major obstacle in leasing this property.
The legal description of the property is enclosed.
CRANE AND NORCROSS
It would be appreciated if this matter can be set for the February 8, 2011 Board meeting. In the interim,
if possible,would you send the undersigned a letter indicating receipt of this application, and stating
that the matter is under advisement.This is necessary in order to begin the application process with
Cook County.
Should you require additional data, or have any questions, please contact the undersigned.
Very Truly Yours,
1 seph 1. Bu r