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HomeMy WebLinkAbout8.1 A RESOLUTION IN SUPPORT OF TATKOWSKI INVESTMENT GROUP, LTD.'S APPLICATION FOR A RENEWAL OF THEIR COOK COUNTY CLASS 6B TAX INCENTIVE FOR THE PROPERTY LOCATED AT 3020 MALMO DRIVEM+awn �'xyt�lts�=e Item Cover Page Subject A RESOLUTION IN SUPPORT OF TATKOWSKI INVESTMENT GROUP, LTD. -S APPLICATION FOR A RENEWAL OF THEIR COOK COUNTY CLASS 6B TAX INCENTIVE FOR THE PROPERTY LOCATED AT 3020 MALMO DRIVE Meeting Fiscal Impact (Y/N) Dollar Amount Budget Source Category Type Information February 20, 2024 - REGULAR MEETING OF THE MOUNT PROSPECT VILLAGE BOARD NEW BUSINESS Action Item N Tatkowski Investment Group, Ltd. (Applicant) is seeking support for adoption of a resolution supporting the renewal of their Cook County Class 6b Incentive for the property located at 3020 Malmo Drive (Subject Property). The renewal would be for an additional 12 years and would enable them to maintain their multipurpose loader sale, storage, distribution, and repair facility at this location. Cook County granted the original 6b incentive in 2015 when the property was unincorporated. 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. The Subject Property consists of an approximately 27,000 square foot building located on a more than 1 -acre site. The Applicant pays more than $37,000 in annual property taxes on the Subject Property. Avant Tecno USA, the current tenant of 3020 Malmo Road, employs 23 professionals and relocated from Elk Grove Village to the Subject Property in 2015. Should the tax savings be granted, the Applicant will install a triple basin system in a drive-in truck dock area and replace a rooftop A/C unit, totaling $75,000. They plan to use a portion of the savings to extend their current tenant's lease, as well. The Applicant is requesting the 6b incentive to maintain their taxes at around $1.50 per square foot for their property. If the extension is not granted, they estimate 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. Staff has reviewed the submitted application and is supportive of the request. Discussion AItarnntivac 1. Approve the resolution supporting Tatkowski Investment Group, Ltd.'s application for the renewal of their Cook County Class 6b Incentive for the property located at 3020 Malmo Drive. 2. Action at the discretion of the Village Board. Staff Recommendation Staff recommends that the Village Board approve the resolution supporting Tatkowski Investment Group, Ltd.'s application for the renewal of their Cook County Class 6b Incentive for the property located at 3020 Malmo Drive. Attachments 1. Tatkowski Investment Group, Ltd. 6B Attachment 2-6-2024 2. Resolution 6b renewal Tatkowski January 25, 2024 Mr. Bill Cooney Village of Mount Prospect 50 S. Emerson Street Mount Prospect, IL 60056 RE: 3020 Malmo Drive — 6B Renewal Request Property PIN # 08-23-202-023-0000 Tatkowski Investment Group, Ltd. 2016 W. Sullivan Court Mount Prospect, IL 60056 Mr. Cooney, Tatkowski Investment Group, Ltd. is the owner of the property located at 3020 Malmo Drive, Mount Prospect, IL ( PIN # 08-23-202-023-0000). We are asking the Village of Mount Prospect to support us in regards to a municipal ordinance approving a Renewal of a Class 6B incentive. According to the Cook County Assessor, the new ordinance must reference the original ordinance, including the original resolution number ( 14-6196, copy of which we are attaching). Please note, the original ordinance was approved by Cook County Board of Commissioners because the above mentioned property was located in unincorporated Cook County at that time. Since then, the location was annexed to Mount Prospect. The Subject Property consists of an approximately 27,250 square foot building located on a 52,651 square foot site. Building has a 5000 square foot office, two interior docks, two drive-in doors, 18 foot warehouse ceilings and approximately 28 car parking spots. Our Tenant —Avant Tecno USA leases the property since the original Class 6B incentive was activated in 2015. Current year (2024) represents the 10th year of the incentive. Tenant, Property Use, Employment Avant Tecno USA is a subsidiary of an international company Avant Tecno, headquartered in Ylojarvi, Finland (www.avanttecno.com ). Tenant uses property entirely for industrial purposes, primarily sale, storage, distribution and repair of a compact multi-purpose loaders, attachments and parts. Company opened its North America operations only 11 years ago in our 5000 square foot warehouse in Elk Grove Village with only 3 employees. They were expending their operations ever since. In 2015 they moved to 3020 Malmo building. In 2018 we purchased neighboring building, twice the size of 3020 Malmo in an effort to keep them from moving. After extensive remodeling, we were able to sign a 5 year lease with them. Currently they lease about 75,000 square feet in those two warehouses. The lease for both properties expires on July 31, 2024. Avant now has 23 full time employees on site with 2 additional sales people in Cook County. They have steady record of hiring 2 to 4 additional employees every year. In about two months from now, we will start negotiating a new Lease. They express their desire to keep the company in the O'Hare area, but they are also aware of a lot lower taxes in Lake and Du Page counties. To be competitive, we would like to be as close as it as possible to those counties leasing rates. This is why we need help from Village of Mount Prospect in the form of a Renewal of a Class 6B Incentive. We want to point out that during those 10 years we invested over one million dollars in remodeling of those two buildings according to Avant specific needs. This amount well exceeds saving we received from the 6B incentive. It is our intention to do whatever we can to keep Avant Tecno in those buildings for at least another 10 years or more. It is our hope that Village of Mount Prospect will support us in our effort. Property Improvements, Real State Taxes & Local Area Benefits As mentioned above, since the initial incentive was activated, tax saving have been reinvested in improvements and renovations for the Subject Property. Mere are some of a major improvements, most of which were accomplished by using local contractors. • Installation of a new roof • Remodeling building fagade including replacing and adding new bigger windows and entry door • Complete office remodeling • Building 2 bathrooms for warehouse employees • Resurfacing entire parking lot • Replacement of 3 heating and A/C rooftop units • Replacement of 4 heating units in warehouse and dock areas • Recoating entire warehouse floor with epoxy • Improvements to sprinkler system, new main check valve, fire alarm, etc. • Opening the south wall and installing overhead drive-in door and a service door. In addition to the above improvements for 3020 Malmo building, we also invested substantial amount of money for the remodeling of neighboring building 1450 Algonquin Road before we were able to lease it to Avant. Some of the improvements for that building included: • Remodeling building facade on the Malmo side with new bigger windows and entry doors • Making new wall openings for 2 overhead drive in doors • Building new inside truck loading dock • Complete office remodeling • Building new showroom and training area for 60 people • Installing fire sprinkler and alarm system in southern half of the building and office area according to Village of Mount Prospect Fire Code requirements. • Recoating entire parking lot Even with 6B incentive in place, 3020 Malmo property generated almost $400,000 in taxes. Without the Incentive renewal we may not be able to extend the lease with Avant. That could result in significant vacancy relief from taxes not only to 3020 Malmo but also to adjacent property since it too would get vacant. Also, signing a long term lease with a new Tenant could take some time. Tenant's presence in the Village brings additional benefits to Mount Prospect local businesses. Avant regularly conducts training of their dealer's sales staff, as well as their mechanics. The trainings lasts 4-5 days each month and brings anywhere from 100 to 150 people. Those customers stay in nearby hotels and dine in local restaurants. On top of it, on site employees generate another revenue for local businesses. Class 6B renewal would also help us with 2 improvement projects. First project includes installation of a triple basin system in a drive-in truck docks area. That would reduce the possibility of a volatile wastes entering the sewer system. That project is estimated to cost between $45,000 and $50,000. Second project includes replacement of a rooftop A/C unit for entire warehouse. It is estimated to cost around $25,000. Based on the above, Tatkowski Investment Group requests that Village of Mount Prospect review Class 6B Incentive Renewal request and approve the Resolution supporting Class 6B Incentive Renewal for Subject Property. Please contact us if you need additional documentation, or if you have any questions. Sincerely, Chris Ta kowsk' — Owner ....... .............. Tatkowski Investment Group, Ltd. 2016 West Sullivan Court Mount Prospect, IL 60056 chris@kmiforce.com 847-778-2855 COOK COUNTY ASSESSOR FRITZ KAEGI 04 GOOK p COOK COUNTY ASSESSOR'S OFFICE C. 118 NORTH CLARK STREET, CHICAGO, IL 60602 PHONE: 312.443.7550 FAX: 312.603.3352 'c,, n o%ti WWW.COOKCOUNTYASSESSOR.COM CLASS 613/8 Control Number RENEWAL APPLICATION 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:Tatkowski Investment Group Telephone: ( 847 ) 778-2855 Address: 2016 W. Sullivan Court City, State: Mount Prospect, Illinois Zip Code: 60056 Email Address: chris@kmiforce.com Agent/Representative (if any) Name: Telephone: ( Address: City, State: Email Address: II. Description of Subiect Property N/A Street address: 3020 Malmo Drive Zip Code: City, State: Arlington Heights, Illinois Zip Code: Permanent Real Estate Index Number (s): 08-23-202-023-0000 Township: Elk Grove IV. M VII. 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. 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 occupants business, including corporate letterhead, brochures, advertising material, leases, photographs, etc. Nature of Development Indicate the nature of the original development receiving the Class 613/8 designation New Construction Substantial Rehabilitation Occupation of Abandoned Property - No Special Circumstance [X] Occupation of Abandoned Property - With Special Circumstance Employment How many permanent full-time and part-time employees do you now employ? On -Site: Full-time: 23 Part-time: 0 In Cook County: Full-time: 25 Part-time: 0 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 613/8 Renewal and has determined that the industrial use of the property is necessary and beneficial to the local economy. 2 Krzysztof Tatkowski _ 1, the undersigned, certify that / have read this 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. Sign re Krzysztof Tatkowski Print Name Owner Me 3 January 25, 2024 Date 1214118 INCENTIVES CLASS LIVING WAGE ORDINANCE AFFIDAVIT Krzysztof Tatkowski ae 999FA Ow 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 ageeL 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 application/renewal (circle as appropriate)for one of the following development incentives provided by the Code of Ordinances of Cook County, (Sec. 74-71), as amended: X 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): X Applicant is currently paying a living wage to its employees, as defined in the Ordinance. OR Applicant is not required to pay a living wage, pursuant to the Ordinance. Further ffia t yeth not. - Applicant AgenVatignaWire Agent's Name &Title Agent's Mailing Address Agent's Telephone Number Krzysztof Tatkowski 2016 W. Sullivan Court, Mount Prospect, IL 60056 847-778-2855 Applicant's Name Applicant's Mailing Address chris@kmiforce.com Applicant's Email Address Subscribe anAworn before me this 25th day of January , 2024 Of JACK HAZEKAMP Official Seal Notary Public - State of Illinois My Commission Expires Oct 14, 2024 EXHIBIT A (Please type or Print) PIN(s) Common Address 08-23-202-023-0000 3020 Malmo Drive, Arlington Heights, IL 60005 ormW16 5 [ This page is intentionally blank ] Legal Description for the Property 3020 Malmo Drive, Arlington Heights, IL 60005 Lot 9 in ELMHURST — ALGONQUIN PARK, Unit 1, being a resubdivision of part of Lot 3 in linneman's Division in Section 23, Township 41 North, Range 11 East, of the 3rd Principal Meridian, in Cook County, Illinois. Property is located at latitude 42:03:21 North and longitude -87:94:10 West. Its street address is 3020 Malmo Drive, Arlington Heights, IL 60005. Cook County Assessor's Office PIN Number is - 08-23-202-023-0000 The subject property consists of an approximately 27,250 square foot building located on 52,651 square foot site (1.2318 acres). Building has 5,000 square foot office, 2 interior docks, two drive-in doors, 18 foot warehouse ceiling, and approximately 28 car parking spots. Our Tenant — Avant Tecno USA leases this building since 2015 and neighboring building (1450 Algonquin Rd.) since 2019. Current Leases for both buildings expire on July 31, 2024. Attached hereto please find: - Copy of Cook County Class 6B Resolution - Area Map - Plat of Survey - Tax Map - Aerial View - Outside and Inside Pictures of the Building - Street Views Of Cook County Class 6B resolution Dated December 17, 2014 I an 3020 Malmo Drive, Arlington Heights, IL 60005 08-23-202-023-0000 o CERTIFICATE AS KEEPER OF RECORDS AND FILES STATE OF ILLINOIS,) )SS. COUNTY OF COOK 1, DAVID ORR, County Clerk of Cook County, in the State aforesaid and keeper of the records and files of said Cook County, do hereby certify that the attached Resolution is a true and exact copy of the Final Action Summary of the Cook County Board of Commissioners at their meeting of Wednesday, December 17, 2014, all of which appears from the records and files of my office. IN WITNESS WHEREOF I have hereunto set my hand and affixed the Seal of said County at my office in the City of Chicago in said County, this 15th day of January A.D. 2015. County Clerk ki ASR 6 M5 14-6196 RESOLUTION Sponsored by THE HONORABLE TONI PRECKWINKLE PRESIDENT AND TIMOTHY O. SCHNEIDER, COUNTY COMMISSIONER TATKOWSKI INVESTMENT GROUP 6B PROPERTY TAX INCENTIVE REQUEST WHEREAS, the Cook County Bureau of Economic Development received and reviewed a Real Property Assessment Classification 6b application containing the following information: Applicant: Tatkowski Investment Group Address: 3020 Malmo Drive, Arlington Heights, Illinois Municipality or Unincorporated Township: Unincorporated Elk Grove Township Cook County District: 15 Permanent Index Number: 08-23-202-023-0000 Municipal Resolution Number: Unincorporated Cook Number of month property vacant/abandoned: Seven (7) years�S' Special circumstances justification requested: Yes //P Estimated Number of jobs created by this project: Five (5) full-time qP,� Estimated Number of jobs retained at this location: Six (6) full-time f, Estimated Number of employees in Cook County: Six (6) full-time Estimated Number of construction jobs: None Proposed use of property: Industrial use: warehousing and distribution of multi-purpose loaders Living Wage Ordinance Compliance Affidavit Provided: Yes WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an abandoned industrial facility; and WHEREAS, the Cook County Classification System for Assessment defines abandoned property as buildings and other structures that, after having been vacant and unused for more than 24 continuous months, there has been no purchased for value by a purchaser and the property is in need of substantial rehabilitation; and WHEREAS, in the instance where the property does not meet the definition of abandoned property, the municipality or the Board of Commissioners, may determine that special circumstances may exist that justify finding that the property is abandoned for purpose of Class 6b; and WHEREAS, in the case of abandonment of over 24 months and no purchase for value by a disinterested buyer, the County may determine that special circumstances justify finding the property as being deemed abandoned; and WHEREAS, Class 6b requires a Resolution by the County Board validating the property as abandoned for the purpose of Class 6b; and WHEREAS, the municipality states the Class 6b is necessary for development to occur on this specific real estate. The municipal Resolution cites the qualifications of this property to meet the definition of abandoned with special circumstances; and WHEREAS, industrial real estate is normally assessed at 25% of its market value, qualifying industrial real estate eligible for the Class 6b can receive a significant reduction in the level of assessment from the date that new construction or rehabilitation has been completed, or in the case of abandoned property from the date of substantial re -occupancy. Properties receiving Class 6b will be assessed at 10% of the market value for 10 years, 15% for the I Ith year and 20% in the 12th year. NOW, THEREFORE, BE IT RESOLVED, by the President and Board of Commissioners of the Count} of Cook, that the President and Board of Commissioners validate the above -captioned property is deemed abandoned with special circumstances under the Class Gb, and BE IT FURTHER RESOLVED, that the County Clerk is hereby authorized and directed to forward a certified copy of this Resolution to the Office of the Cook County Assessor. Approved and adopted this 17th of December 2014. TONI PRECKWINKLE, President ;i pFZ,.EDs YTH4.COARDO_r Cook County Board of Commissioners COOK COUNTY COMMISSIONERS Attest: DAVID ORR, County Clerk DEC17 2014 EC APR N20 MALMO DRIVI"..". ARLIN GiT.ON 111.11" 1 GHTS� ILLINOIS Arlington Heiqhv, Q, Rofling kleadowa Q0 AREA MAP -5 1"lount "'r —A. P l.2` On Pa— e 10 N v yIV G GOLF Nasca 41111 Data use sub)ecC to D 2,005 DeLw-ne StrAas USAD 20106 r,,vv,,v dfflorn"o:coin Rwer A ;1P AVE 46 t 41 94 rn `/2 1 11/2 2 Data Zoom 11 -5 ay ;�o v, A! .,c �,c "'IN R 5A M Grovq VHtage h�l Nasca 41111 Data use sub)ecC to D 2,005 DeLw-ne StrAas USAD 20106 r,,vv,,v dfflorn"o:coin Rwer A ;1P AVE 46 t 41 94 rn `/2 1 11/2 2 Data Zoom 11 -5 -- LflJr-N------� 3020 MALMO DRIVt ARLINGTON HEIGI ITS. ILLINOIS TAX MAI) I n Page -1 '020 MALMO DRI Vl:,". ARLINGTON f ]EIGHTS. ILLIN(MS Page 14 AERIAL VIEW East (front) & north elevation -- looking SOLItheast Main entrance North elevation and parking lot — looking west South and east elevations — looking northwest Private office Lunch room LUnch room Hallway Front loading clock Front office Men's washroom Warehouse V/orchoome CciUnghon�hcmin�Unit Street view --. looking south Street view - looking north I RESOLUTION NO. A RESOLUTION IN SUPPORT OF TATKOWSKI INVESTMENT GROUP, LTD APPLICATION FOR A RENEWAL OF A CLASS 6B INCENTIVE FOR THEIR PROPERTY LOCATED AT 3020 MALMO DRIVE, ARLINGTON HEIGHTS, ILLINOIS 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, Tatkowski Investment Group, LTD has requested the Village of Mount Prospect support its application for renewal of the Class 6B Real Property Classification at 3020 Malmo Drive, Arlington Heights, Illinois, Cook County; 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 613 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 3020 Malmo Drive and legally described as: LOT 9 IN ELMHURST — ALGONQUIN PARK, UNIT 1, BEING A RESUBDIVISION OF PART OF LOT 3 IN LINNEMAN'S DIVISION IN SECTION 23, TOWNSHIP 41 NORTH, RANGE 11 EAST, OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS Property Index No. 08-23-202-023-0000 and; 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 20th day February 2024. Paul Wm. Hoefert Mayor ATTEST: Karen M. Agoranos Village Clerk Pg. 2 of 2 6b Tatkowski