HomeMy WebLinkAboutRESOLUTION - 31-19 - 5/28/2019 - Class 6B - 1655 GreenleafRESOLUTION NO.31-19
A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6B STATUS
PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION
ORDINANCE AS AMENDED JULY 27, 2018 FOR CERTAIN REAL ESTATE LOCATED
AT 1655 GREENLEAF 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 July 27, 2018, 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 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 1655 Greenleaf
Avenue, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index
Number 08-34-203-036-0000, and 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
1655 Greenleaf Avenue, Elk Grove Village, Cook County, Illinois, identified by Property Index
Numbers 08-34-203-036-0000, declared eligible for Class 6B special circumstances status
pursuant to the Cook County Real Property Classification Ordinance as amended July 27, 2018,
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, legally described as follows:
LOT 346 (EXCEPT THE SOUTH 10 FEET) IN CENTEX INDUSTRIAL PARK UNIT
212 A SUBDIVISION IN THE NORTH 1/2 OF THE NORTHEAST 1/4 OF SECTION
34 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 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-
34-203-036-0000. Elk Grove Village is in receipt of an economic disclosure statement that is
required with the application packet.
Section 4: That the Mayor and Village Clerk are hereby authorized to sign any necessary
documents to implement this Resolution subject to the petitioner completing the following
conditions stated in their letter within twelve months of closing:
a. Improving the fagade, landscaping and signage;
b. Adding new parking spaces for ADA compliance; and
c. Interior remodeling.
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 28t6 day of May 2019.
APPROVED this 28t6 day of May 2019.
ATTEST:
Loretta M. Murphy, Village Clerk
2
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
EXHIBIT "A"
SARNOFF • AGCASH
CH Global Holding LLC ("Applicant") is requesting a Resolution in support and consent of a
Class 6b Incentive on the above -referenced property based on occupation of an abandoned property that
has been vacant for less than 24 continuous months with a purchase for value, special circumstances and
substantial rehabilitation. The Applicant plans to purchase the subject property and rehabilitate the same
for the Applicant's related entity, Tl Express, Inc., to occupy for its operations consisting of the light
assembly, maintenance, warehousing and distribution in connection with container drayage.
The subject property consists of an approximately 33,750 square foot site with a roughly 9,000
square foot building that will be vacant and unused prior to the purchase. The property is in need of
substantial rehabilitation,-- Therefore, the Applicant -plans to. -immediately rehabilitate the subject -property
(note that at this time we do not have the estimated costs, but will provide the same as soon as possible).
Based on initial inspections these improvements will be to improve the faoade, update the landscaping,
add new signage and improve the interior of the building as well as to complete other general
maintenance. As noted above, we are still waiting on the estimated costs of the improvements as well as
the full list of the same, and we will provide this information as soon as possible. In addition, please note
that all of the rehabilitation costs could significantly vary depending on a variety of factors such as market
variances. Further inspections of the subject property may require additional improvements. The
rehabilitation will create approximately 10 to 20 construction jobs.
TI Express, Inc. currently leases at two locations. Specifically, TI Express, Inc. occupies
approximately 1,000 square feet of office space in Bensenville and 4,000 square feet of warehouse space
in Mount Prospect. TI Express, Inc. is growing and needs to consolidate its operations at one site, and
therefore, plans to move its entire operation to the subject property. As a result, TI Express, Inc. plans to
bring all 12 of its employees (all full-time) to the subject property. In addition, and depending on growth,
TI Express, Inc. plans on having approximately 20 to 25 total employees at the subject property within the
next three years. Additionally, TI Express, Inc. will look to hire all qualified Elk Grove Village residents
for future hires.
Elk Grove Village can also expect that TI Express, Inc. and its employees will invest
commercially back into the community by visiting local establishments such as restaurants, gas stations,
grocery stores and more. In addition, Elk Grove Village can expect that TI Express, Inc. will attract
business and various customers to the Village in the course of its operations.
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 to complete the
improvements and to successfully operate the property. It is for these reasons that it is necessary to grant
the Applicant a Resolution in support and consent of a Class 6b Incentive for the subject property based
on occupation of an abandoned property that has been vacant for less than 24 continuous months with a
purchase for value, special circumstances and substantial rehabilitation.