HomeMy WebLinkAboutRESOLUTION - 9-11 - 2/22/2011 - CLASS 6B/945-965 LIVELY BOULEVARD RESOLUTION NO. 9-11
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 945-965 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 6B, 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 945-965 Lively
Boulevard, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-27-400-067-0000, 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 945-965
Lively Boulevard, Elk Grove Village, Cook County, Illinois, legally described as follows, and
with the Property Index Number 08-27-400-067-0000 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 350 IN CENTEX INDUSTRIAL PARK UNIT NO. 213, BEING A
SUBDIVISION IN THE SOUTH HALF OF SECTION 27, TOWNSHIP 41 NORTH,
RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO
THE PLAT THEREOF RECORDED JUNE 14, 1977 AS DOCUMENT NUMBER
23987450, 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 08-27-400-067-0000.
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 22"d day of February 2011.
APPROVED this 22nd day of February 2011.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Judith M. Keegan, Village Clerk
Res6bl`s945-9651-ivelyspecial
2
GEORGE
LULLO
UEV ELOPM ENT
G O H P O H M! 1 O N
Exhibit "A"
Special Circumstances
Requested by 221 Lively Buit_Z;y Venture
The property consists of an approximately 15,000 square foot Industrial building located on a roughly
30,100 square foot site. Ownership is currently in negotiations with a potential tenant who would take
occupancy in April of 2011. Ownership is budgeting approximately$45,000.00 for tenant improvement costs.
221 Lively Building Venture expects the development to bring approximately 8 to 10 permanent full-time
employees to the facility based on being fifty percent occupied However, this is all contingent on 221 Lively
Building Venture receiving a Class 6B Incentive.
Based on our research and the additional costs that must be expended with respect to the building in
order for this to be a successful endeavor, 221 Lively Building Venture must possess a Class 6B to secure this
tenant and be competitive in the marketplace. 221 Lively Building Venture has been unable to lease the
property in over two years. It is for these reasons that it is necessary to grant 221 Lively Building Venture the
Class 6B Incentive with special circumstances on the property.
2050 E. HIGGINS ROAD. ELK GROVE VILLAGE, IL 60007 . PHONE'. 647-439-4400. FAX'. 647-439-1465