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Home My WebLink About7.1 Renewal of Cook County 6B Tax Incentive - 603 E. KensingtonBoardDocs® Pro Agenda Item Details Meeting Category Subject Access Type Preferred Date Absolute Date Fiscal Impact Recommended Action Public Content Information Public Action Jan 1, 2019 Jan 15, 2019 No Page 1 of 2 Approve a resolution in support of a renewal of a Cook County Class 6b tax incentive for th property located at 603 E. Kensington Rd. i Attached to this memorandum is a resolution that would grant approval of a renewal of a Class 6b property tax incentive for Peterson Roofing, Inc., for their property located at 603 E. Kensington Road. The renewal would be for an additional 12 years and would enable them to maintain their roofing operation in their current location for the foreseeable future. The Village has granted several Cook County Class 6b tax incentives to attract and retain businesses. The 6b incentive reduces the assessment level for qualified manufacturing and warehouse/distribution facilities from 25% to 10% for the first 10 years, 15% for year 11 and 20% in year 12. After year 12, the assessment level returns to the full 25% for the benefiting property. The 6b incentive can also be renewed for additional 12 -year terms if supported by the Village. Peterson Roofing currently employs approximately 40 individuals at their facility. They are a full service roofing company that has been serving the northwest suburbs since 1978, providing high quality roofing, siding and insulation services. The Applicant is requesting the Class 6b abatement to maintain their taxes at around $1.50 per square foot for their property. If the extension is not granted, they estimate that their tax bill would rise to $3.50 per square foot. Similar properties in nearby Lake and DuPage County range from $1 to $1.50 per square foot. 1. Approve a resolution in support of a renewal of a Cook County Class 6b tax incentive for the property located at 603 E. Kensington Rd. . Action at discretion of Village Board. Staff Recommendation Staff recommends that the Village Board approve a resolution in support of a renewal of a Cook County Class 6b tax incentivC for the property located at 603 E. Kensington Rd. https://www.boarddocs.com/il/vomp/Board.nsf/Private?open&login 1/16/2019 BoardDocs® Pro Pe -i 6b e�newal Applicati&n.pdf (973 KB) ters&n 6b [Zeinewal cover letter.pdf (3 99 KB) Peters&r [Z P e -i &n re�newaLpdf (1.9 KB) ters&r Administrative Content Executive Content Motion & Voting Page 2 of 2 Approve a resolution in support of a renewal of a Cook County Class 6b tax incentive for the property located at 603 E. Kensington Rd. Motion by Paul Hoefert, second by Richard Rogers. Final Resolution: Motion Carries Yea: William Grossi, Eleni Hatzis, Paul Hoefert, Richard Rogers, Colleen Saccotell: https://www.boarddocs.com/il/vomp/Board.nsf/Private?open&login 1/16/2019 12/5/2018 Re: 603 E. Kensington Rd. (Formerly 601) Resolution No. 36-09 To: Mount Prospect Village Board of Directors, This letter is in regards to the renewal of the 6B property tax incentive, resolution No. 36-09. Peterson Roofing still offers the following values to the community: HEM 1) Employment of approximately 40 people 2) Benevolent contributions within the community 3) Commerce through services: a. Materials we purchase b. Services we use c. Services we provide d. Generate approximately $5 million of annual revenue CM CO The original 6B incentive was the main factor in our decision to make Mount Prospect our home and since CM our move -in date of 12/2009, we have provided additional value: 1) Hired seven (7) new employees who reside in Mount Prospect 2) Donated new roof to the "old school" historical building (Donated and installed weather vain for 2019) 3) Donated new roofs to four (4) different Mount Prospect homeowners who were in financial distress, one being a WWII vet. (All names and addresses on file) (Donated in profitable years) BOOM In closing, I am asking the village of Mount Prospect to support Peterson Roofing in regards to a municipal ordinance approving renewal of the 6B incentive. According to the Cook County Assessor, the new ordinance must reference the original ordinance, including the original resolution number (36-09) that approved the initial term of incentive. (A letter in lieu may be submitted pending resolution) Thank You! Sincerely, P COOK COUNTY ASSESSOR JOSEPH BERRIOS a `O 0'r o COOK COUNTY ASSESSORS OFFICE 118 NORTH CLARK STREET, CHICAGO, IL 60602 s PHONE: 312.443.7550 FAx:312.603.3352 0"' W W W.COOKCOUNTYASSESSOR. COM �[tp CLASS 613/8 Control Number RENEWAL APPLICATION �XF 7 A certified copy of the resolution or ordinance obtained from the municipality in which the real estate is located, or from the Cook County Board of Commissioners if located in an unincorporated area, must accompany this Renewal Application. This application, resolution and a filing fee of $500.00 must be filed. For assistance in preparing this Renewal Application, please contact the Cook County Assessor's Office Development Incentives Department at (312) 603-7529. I. Identification of Applicant Name: (Al, �'t3' Telephone: Address:%."'e�/Sl�'�' City, State: 1`17- )4-t?Zip Coder Email Address: Agent/Representative (if any) Name: Telephone: ( ) Address: City, State: Zip Code: Email Address: II. Description of Subject Property Street address: City, State: /`'7 ✓ �- � ' Zip Code: 6� 0 Permanent Real Estate Index Number (s): 0 :1 0-2 Township:! �� Ill. Identification of Persons or Entities Having an Interest Attach a current and complete list of all owners, developers, occupants and other interested parties (including all beneficial owners of a land trust) identified by names and addresses, and the nature and extent of their interest. Attach legal description, site dimensions and square footage, and building dimensions and square footage. IV. Property Use Attach a current and detailed description of the precise nature and extent of the use of the subject property, specifying in the case of multiple uses the relative percentages of each use. If there have been any changes from the original application, include current copies of materials which explain each occupant's business, including corporate letterhead, brochures, advertising material, leases, photographs, etc. V. Nature of Development Indicate the nature of the original development receiving the Class 613/8 designation IV] New Construction [ ] Substantial Rehabilitation [ ] Occupation of Abandoned Property - No Special Circumstance [ ] Occupation of Abandoned Property - With Special Circumstance VI. Employment How many permanent full-time and part-time employees do you now employ? On -Site: Full-time: Part-time: In Cook County: Full-time: Part-time: VII. Local Approval A certified copy of a resolution or ordinance from the municipality in which the real estate is located (or the County Board, if the real estate is located in an unincorporated area) must accompany this renewal. The ordinance or resolution must expressly state that the municipality supports and consents to this Class 6B/8 Renewal and has determined that the industrial use of the property is necessary and beneficial to the local economy. 2 certify that / have read this I, the undersigned, y Renewal Application and that the statements set forth in this Renewal Application and in the attachments hereto are true and correct, except as those matters stated to be on information and belief and as to such matters the undersigned certifies that he/she believes the same to be true. / 2-111-11q lam= Signature Date Print Name �y Title Revised November 4, 2014 3 INCENTIVES CLASS LIVING WAGE ORDINANCE AFFIDAVIT i0 � . �L' ,e— . q/" as agent for the applicant set forth below, who is seeking a classification incentive as referenced below, I do hereby state under oath as follows: 1. As the agent for the applicant set forth below, I have personal knowledge as to the facts stated herein. 2. The property identified by PIN(s) with commonly known address(es), listed in Exhibit A attached and herein incorporated, are/is the subject of a pending applicatio eriewa (circle as appropriate)for one of the following development incentives provided by the Code of Ordinances of Cook County, (Sec. 74-71), as amended: Class 6B Class 8 (Industrial property) Class 9 Class 7 3. 1 have reviewed the Code of Ordinances of Cook County, Chapter 34, Article IV, Division 1 and The Cook County Living Wage Ordinance, Sec. 34-127 et seq., as amended (the "Ordinance'), and certify that the applicant is in compliance with the above referenced Cook County Living Wage Ordinance, due to one of the following options (check as appropriate): pplicant is currently paying a living wage to its employees, as defined in the Ordinance. M Applicant is not required to pay a living wage, pursuant to the Ordinance. Further affiant sayeth not. ,-7— s Sign " ure Agent's Name & Title ' Agent's Mailing Address Agent's Telephone Number ��—/ /<& SI.J 67o�' X V, 1`7-r t L Applicant's Name Applicant's Mailing Address �0 Gs—c Applicant's Email Address Subscribet,d sworn beforeffiis day of ,•+�%c 20 1 STACEY L ENNES NOTARY PUBLIC - STATE OF ILLINOIS MY COMMISSION EXPIRES:09/21/19 4 PIN(s) c)3,3�Z0c-ala-/Go EXHIBIT A (Please type or Print) E Common Address 01/09/2018 I11. jf I, James W. Peterson of Peterson Holdings LLC, with a mailing address of 603 E. Kensington Road, Mount Prospect, IL 60056, am the sole owner and interested party of the following property: Lot 1 in the Arnah-Stone Subdivision of the North 644 Feet of the West 450 feet of Section 35, Township 42 North, Range 11, East of the Third Principal Meridian, in Cook County, Illinois Rec. October 5, 1973. Document No. 22503547 Parcel no. 03-35-200-071-1004 fka 03-35-200-070-1004 fka 03-35-200-019-0000 [aborinder Rated CLASS 6b ELIGIBILITY APPLICATION PIN # (03-35-200-070-1004) 03 js' tco G 7l -/W Z/ PROPERTY USE uunols Manse # 1044XM674 tiiiiiii • r The property is used for the warehousing of roofing products (30%) and fabricating metal roofing accessories (40%) and ventilation systems (30%). The roofing, metal and vent products will be warehoused in the facility until they are shipped to the appropriate site for installation. Total property use is. 70% industrial and 30% commercial. n James W. Peterson N Subscribed and sworn to before me this day of lly<tj 2010. "*'.g JAMES A�sor1 Notary Public °sem WCMUNE)MES Of i��d MARCH 29.2011 503 East Kensington Road I Mt. Prospect, Illinois 60056 1 Phone 847-590-5290 1 Fax 847-590-5621 MAYOR Arlene A. Juracek TRUSTEES William A. Grossi Eleni Hatzis Paul Wm. Hoefert Richard F. Rogers Colleen E. Saccotelli Michael A. Zadel Mount Prospe n�� Village of Mount Prospect 50 South Emerson Street, Mount Prospect, Illinois 60056 December 7, 2018 Ms. Janette Thomas Office of the Cook County Assessor 118 N. Clark Street Chicago, IL 60602 VILLAGE MANAGER Michael J. Cassady VILLAGE CLERK Karen Agoranos Phone: 847/392-6000 Fax: 847/392-6022 www.mountprospect.orQ RE: Village of Mount Prospect Letter in Lieu of Resolution for Control #62287, 603 E. Kensington Rd, Mount Prospect, IL Dear Ms. Thomas: The Village of Mount Prospect intends to consider a request by Peterson Roofing for an extension of their Class 6b incentive for the property located at 603 E. Kensington Rd. The Village of Mount Prospect will consider this request at its January 15 Village Board meeting. If you have any questions related to this matter, please contact me at (847) 818-5307. Sincerely, William J. Cooney Jr. Director of Community Development COOK COUNTY ASSESSOR JOSEPH BERMS CEREAL BYPRODUCTS COMP 601 E KENSINGTON RD MT PROSPECT, IL 60056 �k C o o k c COOK COUNTY ASSESSORS OFFICE c 118 NORTH CLARK STREET, CHICAGO, IL 60602 PHONE: 312.443.7550 FAx: 312.603.3352 WM.000KCOUNTYASSESSOR.COM October 5, 2018 OCT U O 2018 CHICAGO Control #: 62287 Apnlicant 403 1ZT. , ]P_i(iriuincrl Annli� _ _ . Property Address 603 E. Kensington Rd, t. Prospect Incentive Start Year: Please be informed that this property is eligible to file a Renewal Application for the Class 6 Incentive on the above referenced property. Unless renewed, the assessment level for the portion of the property subject to the Class 6B Incentive will increase from 10% to 15% for the 2019 assessment year. In order to renew your Incentive you must do the following: 1. Complete and return the enclosed renewal application and the $500 application fee (payable to the Cook County Assessor) no later than December 31, 2018. No application will be accepted or effective if filed after December 31, 2018. 2. Return application to: Cook County Assessor's Office Incentives Department (J. Thomas) 118 North Clark Street, Room 301 Chicago, Illinois 60602 3. Contact your local municipality immediately to request a municipal ordinance approving renewal of the Incentive (a letter in lieu may be submitted pending resolution)iThe new ordinance must reference the original ordinance, including the original resolution number that approved the initial term of the Incentive. 4. Failure to meet the deadline will result in the loss of your opportunity to renew for 2019. If you need any additional assistance, please contact me at (312) 603-7929 or email: jthomas@cookcountyassessor.com. Sin erely, Jeanette Thomas Incentives Department "Please disregard this notice if you have already submitted your application" F9�- M STATE OF ILLINOIS ) ) SS COUNTY OF COOK ) 1, Kimberly A. Dewis, do hereby certify that I .am the duly appointed Deputy Village Clerk of the Village of Mount Prospect and as such, am keeper of the records -and tales of said Village. I do further certify that attached hereto is a true and correct copy of Resolution Number 36-09"A RESOLUTION IN SUPPORT OF PETERSON ROOFING, INC. 603 EAST KENSINGTON ROAD, MOUNT PROSPECT, ILLINOIS, MAKING APPLICATION FOR COOK COUNTY CLASS 613 TAX ABATEMENT" approved at a regular meeting of the Mayor and Board of Trustees held July 7, 2009 at which time the Village Board voted as follows: AYES: Juracek, Korn, Matuszak, Zadei NAYS: None ABSENT: Hoefert all as appears in the official records and files in my care and custody. Dated this 27" day of July, 2009. Kimberly A. Dewis Deputy Village Clerk Village of Mount Prospect Cook County, Illinois (Seal) H:1CLK01CertH1cat1oniw*vd.doc VILLAGE MANAGER MAYOR 1Vtotmt PMt Mk hael E. Jannis Irvana K. Wilks VILLAGE CLERK TRUSTEES M. Lisa Angell Paul Wm. Hoefert Arlene A. Juracek Phone: 847/392 -MM A. John Korn Fax 8,}7/392.6022 John J. Matuszak TDM 847/392-6064 Steven S. Polit anmq mttpn ect.orA Michael A. Zadel j Village of Mount Prospect SO South Emerson Street, Mount Prospect, Illinois 60056 STATE OF ILLINOIS ) ) SS COUNTY OF COOK ) 1, Kimberly A. Dewis, do hereby certify that I .am the duly appointed Deputy Village Clerk of the Village of Mount Prospect and as such, am keeper of the records -and tales of said Village. I do further certify that attached hereto is a true and correct copy of Resolution Number 36-09"A RESOLUTION IN SUPPORT OF PETERSON ROOFING, INC. 603 EAST KENSINGTON ROAD, MOUNT PROSPECT, ILLINOIS, MAKING APPLICATION FOR COOK COUNTY CLASS 613 TAX ABATEMENT" approved at a regular meeting of the Mayor and Board of Trustees held July 7, 2009 at which time the Village Board voted as follows: AYES: Juracek, Korn, Matuszak, Zadei NAYS: None ABSENT: Hoefert all as appears in the official records and files in my care and custody. Dated this 27" day of July, 2009. Kimberly A. Dewis Deputy Village Clerk Village of Mount Prospect Cook County, Illinois (Seal) H:1CLK01CertH1cat1oniw*vd.doc WARRANTYDEED Statutory. (Illinois) 91LCtoLLQ Maki to: James J Rieblfandt, Esq I237.S. Arlington -Heights Road P. O. Boa 1 880 ' ArBAgton Heights, IL. 60606-1880 Name & Address of Taxpayer: Peterson Holdings, L.L.C. 603 E. Kensington Road Mt Prospect, IL 60056 77CI Above space pr revenue stamps Above space for recorder's use only The Gzantor, `601 B. Kensington Road, L.L.C., an Mmois Limited Liability Company, treated and adsting under and byvirtue of the Laws of the State of Illinois, for consideration of the sma of Six Hundred Fifty Four Thousaad Five Hn Wrad Doll= ($654,500.00), in hand paid and other goad and valuable consideration, receipt of which is hamby duly aclmowledged, Convey and Wanant to: Petetson Holdings, L.L.C., an mined l invited Liability, 'Co mpany, =ded and existing under and by virtue a£the Laws of the State of Illinois, all i IU=t of the following desadbed real estate in the Coady of Cook and ( State of Illinois, to wit UNIT NUIlIDER 4 IN THE 601 KM%I IG ON ROADCONbO1VIX 0NIW% AS DELZWgF.A MW (b ON A SURVEY OF THE FOL LOWIl GG -'A TRACT OF LAND: A TRACT OF LAND BEING LOT.1 IN.AM STOM SUBDIV.ISMON OF TBZ NORTH 644 FEET OF HTE WEST 450 FEET OF SXCTWX 35, TOWNSHIP 42 NORTH, RANGE 1_ EAST OF V9n TSE T RD PRINCIPAL M RWIAN, IN COO] COUNTY, HAMOISS. V.� WHICH SURVEY IS ATTACHED AS ZIMMIT KA" TO THE DECLARATION OF CONDOMINIUM RECORDED AS DOCUM]ZNT NUMB= 0733715077, TOGETSER Vi= ITS UNDIVIDED PJl1tCENTAGE INTEREST IN THE COMMON EL ZffNM Commouky known as: 603 F. Kensingtou Read, Mt ftspect, Illinois 60056 Permanent Index Ntmabers(s): 03-35-200-019-0000 SUBJECT TO: Cxnaal real estate lam not due and payable at closing, special aWCSWW= Confined after eontract date; building fix and use or company restrictions, Conditions and covenants of record; zoning, laws and ordinances: easeme.w for public utilities: drainage ditches, feeders, btnrais and drain the or other conduit Dated this: March 25, 2008 .601 E. Kensington Road, L.L.C. RESOLUTION NO. 36-09 A RESOLUTION IN SUPPORT OF PETERSON ROOFING, INC., 603 EAST KENSINGTON 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, Peterson Roofing, Inc. has requested the Village of Mount Prospect to support its application for a Class 6B Real Property Classification at 603 East Kensington Road, Mount Prospect, Cook County (Property); 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 Peterson Roofing, Inc., for a Class 6B Property Classification from Cook County, which allows a 16% assessment level for the first 10 years, 23% in the 11`" year and 30% in the 12`h year for the "Property" located at 603 East Kensington Road, legally described as follows: Lot 1 in the Amah-Stone Subdivision of the North 644 Feet of the West 450 feet of Section 35, Township 42 North, Range 11, East of the Third Principal Meridian, in Cook County, Illinois Rec, October 5, 1973. Document No. 22503547 PIN: 03-35-200-019-0000 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 212 Peterson Roofing Class 6B Tax Abatement SECTION THREE: That development of the property is subject to compliance with all requirements of the 1-1 (Light Industrial) District and development standards of the Kensington Center for Business. SECTION FOUR: That this Resolution shall be in full force and effect from and after its passage and approval in the mamer provided by law. AYES: Juracek, Korn, Matuszak, Polit, Zadel NAYS: None ABSENT: Hoefert PASSED and APPROVED this 7h day of ,July 2009 1 Irvana K, Wilks Mayor M. Lisa Angell Village Clerk HAUKOIW WRESOLLMOMClass 6 tax abater»ent6o3eastkensingtoniuly2009.doc RESOLUTION NO. A RESOLUTION IN SUPPORT OF PETERSON ROOFING, INC, 603 E. KENSINGTON ROAD, MOUNT PROSPECT, ILLINOIS, MAKING APPLICATION FORA RENWAL OF COOK COUNTY CLASS 6B TAX INCENTIVE 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 industrial properties 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, the Village of Mount Prospect approved Resolution No. 36-09 on July 27, 2009, in support of Peterson Roofing Inc.'s application for a Class 6b tax abatement; and WHEREAS, Peterson Roofing, Inc., has requested the Village of Mount Prospect support its application for Renewal of the Class 6B Real Property Classification at 603 E. Kensington Road, Mount Prospect, Cook County (Property); 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 MAYOR AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: That the Mayor and Board of Trustees of the Village of Mount Prospect do hereby support and consent to the application for the Class 6B Renewal of a property tax reduction from 25% to 10% for years 1 through 10, 15% in year 11, and 20% in year 12 from Cook County for the Property located at 603 E. Kensington Road, and legally described as: LOT 1 IN THE ARNAH-STONE SUBDIVISION OF THE NORTH 644 FEET OF THE WEST 450 FEET OF SECTION 35, TOWNSHIP 42 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. RECORDED OCTOBER 5, 1973. DOCUMENT NO. 22503547 PIN: 03-35-200-071-1004 SECTION TWO: That the Village of Mount Prospect supports industrial growth, increased employment and economic development and the "property" is in furtherance of this goal. SECTION THREE: 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 15th day of January 2019. Arlene A. Juracek Mayor Karen M. Agoranos Village Clerk