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Home My WebLink About5. New Business 08/02/2011Village of Mount Prospect Community .Development Department MEMORANDUM TO: MICHAEL E. JANONIS, VILLAGE MANAGER FROM: DIRECTOR OF COMMUNITY DEVELOPMENT DATE: JULY 18, 2011 1 1'i SUBJECT: REQUEST FOR FACADE REBATE REIMBURSEMENT — EMERSON ALE HOUSE RESTAURANT The Village has established the Facade Rebate Program in the downtown Tax Increment Financing District that offers matching grants to businesses that make improvements to storefronts in the downtown district. The maximum Village contribution is $10,000 per storefront. The petitioner is currently renovating the former Michael's Restaurant storefront at 105 S. Emerson Street to operate a sports bar and restaurant. They have made several improvements to the interior of the building to improve the functionality of the space and will also install new awnings and signage on their storefront. The total expenditures for their project will exceed $250,000. Emerson Ale House is seeking reimbursement for all eligible expenses related to their project. Per the program guidelines, the Village may cover 50% of all eligible of this project up to $10,000 per storefront. Therefore, the restaurant .is eligible for a $10,000 Fagade Rebate grant. Staff supports the request for the reimbursement. Please forward this memorandum and attachments to the Village Board for their review and consideration at their August 2 meeting. Staff will be at that meeting to answer any questions related to this matter. �kj 4n - William J. Cooney Jr. 7/18/2011 Concept EMERSON'S ASE HOUSE —Where sommelier and cicerone meet American fare that has a twist, An edgy yet refined experience of beer and food Business Plan History The idea for Emerson's was derived from a passion of fine wine, unique beer and a quest to pair both with chef inspired culinary creations. Executive Chef Constantine Petridis -- Emerson's Ale House will target a wide range of patrons: • From a younger, sexier, sporty crowd who want a great barto hang outwith friends while enjoying world class drinks and beers • to the beer and wine connoisseurs who want a refined menu with expert beer and wine pairings Team Members From Chicago to Cannes, Constantine Petridis, has developed his own unique flavor for culinary ingenuity. Beginning his career working at Champps Americana he enrolled iota the Illinois fnstitute of Art in chlcago's Culinary Program in 2003. While earning his degree he worked at the Kentucky Derby Infield VIP Tent in 2009. As he continued his education he also expanded his repertoire to working in the south of France at the International Cannes Film Festival In the American Pavillion, There he was selected to create and prepare a meal for guests Including Sharon Stone, British Airways CEO and the Mayor of Ca nnes to name a few. Following his 2005 graduation Constantine became the Garde Manager at Lincoln Park hot spot Landmark working under chef Giuseppe Scuratto. Constantine's next charge was at The Signature Room at the 95e floor. He then welcomes the opportunity to further his cuHnary knowledge by working with Iran Chef Homaro Cantu at his restaurant MOTO. Here Petridis learned and perfected the art of molecular gastronomy. Petridis currently is perfecting the art of contemporary American cuisine by working for Chef Rick T manta's restaurant group Cenitom at Tmmonto's Steak and Seafood in Buffalo Grove. In addition to possessing unequivocal culinary skills, Petridis is an avid home brewer of IPA's and Belgium Ales. Throughout his career he has perfected his sommelier skills and the art of pairing food to beer and wine. 1 7/18/2011 Shanna Horvatin Public Relations, Marketing and Events Sam Papageorge Managing Partner Restaurant specs — Address 113 South Emerson Mt. Prospect, 60056 — Size 3500 sq. ft — Location Downtown Mt Prospect -- Seating 150 persons — Bar size 2000 sq. ft — Hours of Oper. Sunday-Thursday 11 a.m. -11 p.m Friday— Saturday 11 a.m. — 2 a.m. • Education OePaul University: Bachelors of Arts, Media Communications, Biology Minor Marketing — University of Illinois at Chicago: Master of Science in Public Health • Fmironmental and occupational Health sciences • Public Relations — City of Chicago, Mayor's Office of Special Events • All city events, music & food festivals, sporting events, holiday events • Protocol — City of Chicago, Mayor's Office of Special Events • Inter - governmental relations, dignitary relations, reception planning and execution, cultural affairs relations • Event creation, planning and execution — Consulting • Bronzeville Merchants Association • Over 20 years experience in the restaurant, bar and entertainment business — International CaM (Berwyn , Illinois) — Lake Room Martini Lounge (Oak Park, Illinois) — Papa Spiro's Authentic Greek Cuisine (Oak Park, Illinois) — Hot'n Juicy Casual Fast Food (Chicago, Illinois) — Tangerine Caf6 (Downtown Naperville, Illinois) • Real Estate Investment Companies — Building Equity Investments Inc. Investment Firm Competitors • Jameson's Char house • Bar Louie • Moretti's • Paps Ultimate Bar and Grill • Buffalo Wild Wings 1 7/18/2011 Social Media Plan Public Relations & Marketing Strategy • Website • Facebook (posts with weekly updates /deals) • Twitter (posts with bi- weekly news) • E -mail list (expected circulation of 5000) Advertising • Mount Prospect Lifestyle Magazine • Tribune Local — Print — On -line • Red Eye • Daily Herald TimeLine • 3 weeks prior — invite /make contact with municipal personnel • 2 weeks prior — Direct marketing • Handing out cards to commuters • Promoting to other non -food businesses Website • Folders on site — Basic information -- Photo Pa Ilery — Contact us — Event planning options — E -mail sign -up — Menu — Hours -- About us /philosophy — Calendar of upcoming events — Facebook link Advertising Campaigns • Edgier — "Tap into this..." — "Tap it" • Image — Cicerone —Immerse into Emerson's — American "beer- centric" K 7/18/2011. Ad Strategy #2 • "Pair it up" Where drink and food meet Image edgier/ sexier Target younger (20/30 something crowd) Promote menu pairings with private label beers and drinks Strategy #4 • Immerse into Emerson's — Image • Classy /refined — Promote whole experience of restaurant and bar — Target • Couples who want dinner and fine drinks, and experience Event Ideas • Beer tastings • Wine tastings • Partnering with charities • Sporting events — Cross town classic Strategy #3 Where beer meets its match Image sporty promote beer angle push cicerone pairings bar Target Sports bar crowd Offer bar /sporting event tie ins Overall Image • Beer - centric • Wine- centric • World crass, unique menu Budget Proposals 3 7/18/2011 All projections are based on serving 250 people per day at approximately $20 each • Rent (gross lease) —Term 1: 5 years - $3000 /month —Term 2: 5 years - $4000 /month —Term 3:5 years -$5000 /month • Option to buy is available at end of each term for fair mkt value • Taxes —Sales tax 10% of gross ($15,000 sales tax) Budget Continued • Payroll —Front of House (servers, bartenders, hosts): $8000/ mo — Managers: $8000 / mo — Kitchen Staff (bus boys, dishwashers, cooks): $12,000/mo • Utilities (gas, electric, water, waste removal): $4500/m o Initial Inventory Costs • Liquor • Food • Flatware, plates, utensils, glassess etc. • Start up deposit for bank • Other mist. Budget Continued • Food Cost — 30% of gross food sales • Liquor Cost — 26'0 of $90k in liquor sales Budget Continued • Communication Systems (cable, satellite, a /v, etc.): $1000 /month • Insurance : $1000 / month • Marketing : $4500/ month • MISC.: $1000/ month 4 Village of Mount Prospect Community Development Department MEMORANDUM " TO: MICHAEL E. JANONIS, VILLAGE MANAGER FROM: DIRECTOR OF COMMUNITY DEVELOPMENT DATE: JULY 19, 2011 SUBJECT: 601 CARBOY ROAD — CLASS 6B INDUCEMENT RESOLI -�' P. - S/Zlf( Attached to this memorandum is a resolution that would grant approval of a Class 6b property tax incentive for First Industrial Realty Trust, Inc. who is the current owner of 601 Carboy Road. This property is located south of Algonquin Road on Carboy Road and has been vacant for approximately 2 years. The vacancy qualifies the property for the 6b designation with special circumstances pending approval of the attached resolution by the Village. First Industrial is requesting the Class 6b abatement so that they can competitively recruit prospective tenants for the property. It is estimated that the abatement would reduce the amount of property tax per square foot from $5.87 to $2.35 for this property. They are competing against other industrial buildings in the market that have tax rates below $2 per square foot, putting them at a competitive disadvantage. Please forward this memorandum to the Village Board for their review and consideration at their meeting on August 2 Staff will be present at that meeting to further discuss this matter. ill J. Cooney Jr. THE LAW OFFICES OF LISTON & T' 83-NNTILIS A PROFFNSION.% 1, COR PORATION 33NO1?T11L.XSMJ,1 STREET, 25TFI FLOOR ('111('.\G0. ILLINOIS 60602 BRIAN 1:1. L]STON(AI2)580-1.M)4 I - 1�:TV. I? TSANT I LI S (31:1) 604-3808 July 22, 2011 VIA US MAIL AND EMAIL William J. Cooney, Jr. Director of Community Development, Village of Mount Prospect 50 S. Emerson Street, Mount Prospect, Illinois 60056 bcoonev@mountprospect.org Re: Class 6b Application 601 W. Carboy Road, Mount Prospect, Illinois 60056 (the "Property") PIN: 08-23-401-015-0000 Dear Bill: 601 Carboy, LLC (the "Applicant") will be purchasing the above-referenced site and leasing the same to its related entity, Quality Glass and Mirror, Inc. ("Quality Glass"). The Applicant is seeking a Class 6b Incentive based on occupation of abandoned Property for less than twenty-four months continuous vacancy and a purchase for value with special circumstances as well as substantial rehabilitation for the Property. The previous owner of the Property ceased operations in February 2009 and subsequent to such time, a bankruptcy plan was being compiled. Since operations ceased in February 2009, the Property was vacated except that the owner/the organizations' president, the organization's vice president and the organization's bookkeeper entered the Property from time to time in order to sell off certain remaining equipment in connection with the bankruptcy, By November 20 all individuals and equipment had been vacated from the Property and the Property continued to be 100% vacant and unused through today. The Applicant plans to purchase the site and substantially refurbish the same for Quality Glass's use. Because the Property has been vacant for less than twenty-four continuous months, the Applicant is seeking a Class 6b Incentive with special circumstances. Currently, the Property consists of a building that is approximately 27,150 square feet on a roughly 51,684 square foot site. The site needs significant improvements, and therefore the Applicant has allotted approximately $249,000 to refurbish the existing facility. The improvements will be made to, but not limited to, upgrading the electrical systems, adding a sprinkler system to the office area, the parking lot replacement, the addition of parking lot drainage, broken sewer pipe replacement, refurbishing the office and repairing the roof. Should the Applicant obtain a Class 6b Incentive on the Property, it plans to lease the site to Quality Glass. Quality Glass designs, manufactures, warehouses and distributes large sheets of glass for office and retail buildings. It is currently located in 70 Rawls Road, Des Plaines, IL, and, if the Applicant receives the requested Class 6b incentive, Quality Glass plans to relocate to the Property and expand its operations. It intends on bringing all 12 of its current employees to this location with the likelihood of hiring an additional 2 to 3 employees in the near future. Quality Glass will look to hire all qualified Village of Mount Prospect residents for future hires. However, this is all contingent on receiving a Class 6b Tax Incentive. T11 LAW OPWICKS OF LiSTON & TSANTIMS The Applicant and Quality Glass are eager to expand their operations in the Village of Mount Prospect. Please review this letter and the attached aerial and ALTA/ACSM Land Title Survey with legal description and place the Applicant on the agenda for the next Village of Mount Prospect Board meeting. Should you have any questions or concerns, or require any additional documentation or information, do not hesitate to contact me at (312) 580-1595 or at pkilmcr@ltlawchicago.com. Sincerely, Patrick Kilmer-Lipinski 601 Carboy Road, Mount Prospect, IL - Google Maps maps http: / /maps.google.com/maps ?q= 601 +W. +carboy &oe= utf- 8 &rls= org.mozi... To see all the details that are visible on the screen, use the "Print' link next to the map. IofI Illinois Fr), MLLC-5.5 Limited Liability Company Act Articles of Organization Secretary of State Jesse White Filing Fee: S500 Department of Business Services Limited Lability Division Expedited Fee: S100 SKMI www,cyberdriveillinois.com Approved By: — FILE # 03669653 FILED JUN 29 2011 Jesse White Secretary of Stale Li Li C Nam: 601 CARBOY, LLC Address of Principal Place of Business where records of the company will be kept: 601 CARBOY MOUNT PROSPECT, IL 60056 M 3, Articles of Organization effective on the filing date. Registered Agent's Name and Registered Office Address: STANLEY ZILBER 666 DUNDEE RD STE 805 NORTHBROOK, IL 60062-2769 5, Purpose for vvfiich the Limited Liability Company is organized: I —rl-e transaction of arty or all lawful business for Mich Limited Liability Companies nrW be organized under this Act.' 6, The LLC is to have perpetual existence. 7, The United Liability Company is managed by the manager(s). RYDZEWSKI, STANLEY 4690 FOREST VIEW DR, NORTHBROOK, IL 60062 Name and Address of Organizer I affirm, under penalties of perjury, having authority to sign hereto, that these Articles of Organization are to the best of my knowledge and belief, true, correct and complete. Dated: JUNE 29, 2011 STANLEY ZILBER 666 DUNDEE ROAD STE 805 NORTHBROOK, IL 60062 This document was generated electronically at www.cyberdnvellljnoisxom 9 ol I RS DEPARTMENT OF THE TREASURY INTERNAL REVENUE SERVICE CINCINNA'T'I 011 45999-0023 Date of this notice: 06-29-2011 Employer Identification Number: 45-2648740 Form: SS-4 Number of this notice: CP 575 B 601. CARBOY LLC STANISLAW RYDZFWSKI MBR 70 RAWLS RD For assistance you may call us at: DES PLAINES, IL 60018 1-800-829-4933 IF YOU WRITE, ATTACH THE STUB AT THE END OF THIS NOTICE. WE ASSIGNED YOU AN EMPLOYER IDENTIFICATION NUMBER Thank you for applying for an Employer Identification Number (EIN). We assigned you ETN 45-2648740, This EIN will identify you, your business accounts, tax returns, and documents, even if you have no employees. Please keep this notice in your permanent records. When filing Lax documents, payments, and related correspondence, it is very important that you use your EIN and complete name and address exactly as shown above. Any variation may cause a delay in processing, result in incorrect information in your account, or even cause you to be assigned more than one EIN. If the information is not correct as shown above, please make the correction using the attached tear off stub and return it to us, Based an the information received from you or your representative, you must file the following form(s) by the date(s) shown, Form 1,065 04/1S/2012 If you have questions about the Eorm(s) or the due date(s) shown, you can call us at the phone number or write to us at the address shown at the top of this notice. If you need help in determining your annual acccunti-rig period (tax year), see Publication 538, Accountirig Periods and Methods. we assigned you a tax classification based on information obtained from you or your representative. It is not a legal determination of your Lax classification, and is not binding on the IRS. if you want a legal determination of your tax classification, you may request a private letter ruling from the IRS under the guidelines in Revenue Procedure 2004-1, 2004-1 1,R.B. 1 (or superseding Revenue Procedure for the year at issue). Note: Certain Lax classification elections can be requested by filing Forin 8832, Eritity Classif Election. See Form 8832 and its instructions for additional information. A limited liability company (LLC) may file Form 8832, Entity Classitication Election, and elect to be classified as an association taxable as a corporation. It the LLC is eligible to be treated as a corporation that meets certain tests and it will be electing 9 corporation status, it must timely file FOT 2553, Election by a Small Busiriess Corporation. The LLC will be treated as a corporation as of the effective date of the S corporation election and does not need to file Form 8832. To obtain Lax forms and publications, iricluding those referenced in this notice, visit our Web site at www.irs.gov, If you do not have access to the Internet, call I ,-800-829-3676 ('T"rY/TDD 1-800-829-4059) or visit your local IRS office. RESOLUTION NO. A RESOLUTION IN SUPPORT OF 601 CARBOY, LLC, 601 CARBOY ROAD, MOUNT PROSPECT, ILLINOIS, MAKING APPLICATION FOR COOK COUNTY CLASS 6B TAX ABATEMENT WHEREAS, the Village of Mount Prospect encourages community development to provide for economic growth and career opportunities; and WHEREAS, through property tax incentives offered by Cook County, various opportunities exist for new businesses to become established in the Village of Mount Prospect, Cook County; and WHEREAS, without the Cook County property tax incentives, the Village of Mount Prospect is at a competitive disadvantage with the neighboring counties of Lake and DuPage in attracting industrial development; and WHEREAS, 601 CARBOY, LLC has requested the Village of Mount Prospect to support its application for a Class 6B Real Property Classification at 601 Carboy Road, Mount Prospect, Cook County (Property); and WHEREAS, the Village of Mount Prospect has found that special circumstances exist in that the Village is at a competitive disadvantage with nearby DuPage and Lake Counties and their tax structure; and WHEREAS, the corporate authorities of the Village of Mount Prospect believe that their request is in the best interest of the economic development in the Village of Mount Prospect. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS ACTING IN THE EXERCISE OF THEIR HOME RULE POWERS: SECTION ONE: That the President and Board of Trustees of the Village of Mount Prospect do hereby support and consent to the application of 601 CARBOY, LLC a Class 6B Property Classification from Cook County, which allows a 10% assessment level for the first 10 years, 15% in the 11 year and 20% in the 12 year for the Subject Property located at 601 Carboy Road and legally described as: Lot 9 North in Elmhurst - Algonquin Industrial Park Unit No.2 being a subdivision in the Southeast Quarter of Section 23, Township 41 North, Range 11 East of the Third Principal Meridian in Cook County, Illinois, containing 51,684 square feet or 1.19 acres more or less. PIN: 08 -23- 401 - 015 -0000 SECTION TWO: That the Village of Mount Prospect supports industrial growth, increased employment and economic development and this proposed development is in furtherance of this goal. The Board of Trustees of the Village of Mount Prospect further finds that this incentive is necessary for development to occur on the "Property." Page 2/2 601 CARBOY, LLC Class 6B Tax Abatement SECTION THREE: That development of the property is subject to compliance with all requirements of the 1 -1 (Limited Industrial) District. SECTION FOUR: That this Resolution shall be in full force and effect from and after its passage and approval in the manner provided by law. AYES: NAYS: ABSENT: PASSED and APPROVED this day of 2011 Irvana K. Wilks Mayor M. Lisa Angell Village Clerk H: \CLKO \WIN \MEMOS \RESOLUTION \Class 6 tax abatement601 carboyaug22011.doc