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HomeMy WebLinkAbout6. NEW BUSINESS 8/15/06 j Kelleher & Buckley~ LtC ATTORNIiVr AT L.AW I ~1I(!hcr & B~klcy, LlC 231 'Vest Main Stre~'1 BOrrluetOl1. [L 600 to Tdcphonc (847) 382.9130 f'lIC~llllilc (347) 382-9135 C". Dear Ms. Dewis: By way of introduction, my name is Joseph R. Jurkowski. I am an attorney with Kelleher & Buckley, LLC, which is legal counsel for Dr. Donald A. Dreessen. Dr. Dreessen is currently scheduled to appear before the Village Board of Mount Prospect on August 15,2006 and September 5,2006, on an off-street parking matter relating to the Mt. Plaines Animal Hospital. Dr. Dreessen kindly requests that the two aforementioned meetings be rescheduled to a later time. In particular, Dr. Dreessen requests that (i) the August 15, 2006 first reading meeting be rescheduled to September 5, 2006, and (ii) the September 5,2006 second reading meeting be rescheduled to September 19,2006. Please confirm bye-mail transmission the rescheduling of said meetings. Thank you for your time and assistance. Sincerely, Joseph R. Jurkowski IRS Circular 230 Disclosure: To ensure compliance with other requirements imposed by the IRS, we inform you that any tax advice contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any federal tax transaction or matter discussed herein. This message is intended only for the use of the individual or entity to which it is addressed and may contain information that is privileged, confidential. and exempt 8/11/2006 Village of Mount Prospect Community Development Department MEMORANDUM '!b. tJ~ 81'S 0 FROM: MICHAEL E. JANONIS, VILLAGE MANAGER DIRECTOR OF COMMUNITY DEVELOPMENT TO: DATE: AUGUST 8, 2006 EMPORIUM LUGGAGE - CLASS 6B INDUCEMENT RESOLUTION SUBJECT: Attached to this memorandum is a resolution that would grant approval of a Class 6b property tax incentive for Emporium Luggage for the office/warehouse facility located at 2200 S. Busse Road. Emporium Luggage is a retail and wholesale distributor of various luggages and will occupy the entire 40,000 square foot building. In addition, Emporium will generate approximately $10,000 in annual sales tax at this location. This property was previously occupied by a collection agency and has been vacant for 11 months. Cook County initially required that buildings sit vacant for more than 24 months before being eligible for Class 6b consideration. They have recently modified their regulations to permit approval of the Class 6b for properties that have been vacant less than 24 months if there are "special circumstances" that warrant this. The special circumstance that applies in this case is that the Village is located in close proximity to Lake and Dupage Counties where taxes on industrial property are significantly lower. Please forward this memorandum to the Village Board for their review and consideration at their meeting on August 15th. Staff will be present at that meeting to further discuss this matter. "JJt .. t{ L I -./7 ~~~~~~'1I11I~1t:tJ t:fj t:ilJ l R. - t::111.lJ /I r 7m E::S:.J~ f- ~'- I ~ I ~ ~ \ 0 r:-: 11111 III1III11 ==:?:: 1-_ ......lU grr lCi rr ----I -::;::: t::::: ~~ ~~ ~r-... 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D RESOLUTION NO. A RESOLUTION IN SUPPORT OF EMPORIUM LUGGAGE, 2200 S. BUSSE 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, Emporium Luggage has requested the Village of Mount Prospect to support its application for a Class 6B Real Property Classification at 2200 S. Busse Road, Mount Prospect, Cook County (the Subject Property); and WHERAS, the subject property has been abandoned for approximately 11 months and 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 lower tax structures; 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 ACTINT 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 Goodwill L.L.C., for a Class 6B Property Classification from Cook County, which allows a 16% assessment level for the first 10 years, 23 % in the 11th year and 30% in the 12th year for the Subject Property located at 2200 S. Busse Road and legally described for the property legally described in Exhibit "A". 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 Subject Property. Page 2/2 Class 6 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 Centerfor Business. 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: Irvana K. Wilks Mayor M. Lisa Angell Village Clerk EXHIBIT A Legal Description of Property PARCEL I: LOT 1 AND LOT IA IN THE BUSSE ROAD INDUSTRIAL PARK, BEING A RESUBDIVISION OF LOT 1 IN BUSSE ROAD SUBDIVISION IN THE EAST 1/2 OF THE SOutH EAST 1/4 OF SECI10N 22, TOWNSHIP 41 NORTH, RANGE II, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. PARCEL 2: EASEMENT FOR TIIE BENEFIT OF PARCEL 1 FOR INGRESS AND EGRESS OVER OUTLOT C, AS SET FORTH IN DECLARATION OF EASEMENTS, COVENANTS AND RESTRICTIONS RECORDED AS DOCUMENT 90472386 AND IN PLAT OF BUSSE ROAD INDUSTRIAL PARK RECORDED AS DOCUMENT 90472385 BEING A RESUBDMSION OF LOT 1 IN BUSSE ROAD SUBDMSION IN THE EAST Y2 OF THE SOUTH EAST 1/4 OF SECTION 27, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. PARCEL 3: EASEMENT FOR THE BENEFIT OF PARCEL 1 FOR STORM WATER DETENTION/RETENTION OVER OUTLOT A AND OUTLOT B AS SET FORTH IN DECLARATION OF EASEMENTS, COVENANTS AND RESTRICTIONS RECORDED AS DOCUMENT 90472386 AND IN PLAT OF BUSSE ROAD INDUSTRIAL PARK RECORDED AS DOCUMENT 90472385 BEING A RESUBDIVISION OF LOT 1 IN BUSSE ROAD SUBDMSION IN THE EAST 1/2 OF THE SOUTIJEAST 1/4 OF SECTION 27, TOWNSHIP 41 NORTH, RANGE II, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. Property address: 2200 South Busse Road Mt. Prospect, illinois Tax ID No.: 08-22-401"()59 08-22-401"()60 V4 Purchase and Sale Agreement re Busse - Park Place Partners _ DP Realty Partners LLC (04/20/06) Busse A Page 1