HomeMy WebLinkAboutRESOLUTION - 32-11 - 6/21/2011 - CLASS 6BRESOLUTION NO. 32-11
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 1455 ESTES 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 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 1455 Estes
Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-34-201-007-0000, 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 1455
Estes Avenue, Elk Grove Village, Cook County, Illinois, legally described as follows, and
with the Property Index Number 08-34-201-007-0000 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:
PARCEL l:
LOT 262 IN CENTEX INDUSTRIAL PARK UNIT 146, BEING A SUBDIVISION
IN SECTION 34, TOWNSHIP 41 NORTH, RANGE I 1 EAST OF THE THIRD
PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS.
PARCEL 2:
NON-EXCLUSIVE UTILITY, SEWER AND DRAINAGE EASEMENTS FOR THE
BENEFIT OF PARCEL 1 AS CREATED BY THE PLATS OF SUBDIVISION
RECORDED AS DOCUMENTS 21283896, 21183845 AND 21360549.
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 08-34-201-007-0000.
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 21" day of June 2011.
APPROVED this 21st day of June 2011.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Judith M. Keegan, Village Clerk
RES6b'Fax 1455Estesspecial
Exhibit "A"
Special Circumstances for 1455 Estes Avenue
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
September 30, 2009. 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 October 1, 2011.
We are currently in discussions with a prospective company to lease 1455 Estes. The company,
which at this point prefers to not disclose their name, is only considering leasing the property if
the property achieves class 6b status. The company would bring approximately 40 jobs to Elk
Grove and approximately $400,000 would be spent to renovate the property. Without the 6b
incentive, we believe this 62,500 sq. ft. industrial property will remain vacant for the foreseeable
future. We have been in negotiations with other potential tenants and the issue of the lack of 6b
status has been a major obstacle in leasing this property.