HomeMy WebLinkAbout8.1 A RESOLUTION IN SUPPORT OF AGL 500 WEST LLC'S APPLICATION FOR A COOK COUNTY CLASS 6B TAX INCENTIVE FOR THE PROPERTY LOCATED AT 500 W ALGONQUIN ROADSubject
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A RESOLUTION IN SUPPORT OF AGL 500 WEST LLC'S
APPLICATION FOR A COOK COUNTY CLASS 6B TAX INCENTIVE
FOR THE PROPERTY LOCATED AT 500 W ALGONQUIN ROAD
December 17, 2024 - REGULAR MEETING OF THE MOUNT
PROSPECT VILLAGE BOARD
NEW BUSINESS
Action Item
AGL 500 WEST LLC (applicant) is seeking support for adoption of a resolution supporting a
new Cook County Class 6B Incentive for the property located at 500 W. Algonquin Road
(subject property). The incentive would be for 12 years and would enable them to relocate
their business, Broadway Electric, Inc., from Elk Grove Village to the subject property after
making several planned improvements to the currently vacant property. Broadway Electric
employs 83 full-time employees, all of which would relocate to the subject property, with 46
operating on-site and the remaining in the field. Additionally, this project would allow
Broadway Electric to hire an additional 5 to 6 employees within the first three years of
operation.
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. The assessment level returns to the full 25% for the benefiting property after
year 12. The 6B incentive can also be renewed for additional 12 -year terms if supported by
the Village.
The subject property consists of a 22,600 square -foot building on the 2.6 -acre site and is
100% vacant. The applicant plans to spend approximately $1.3 -million to immediately
rehabilitate and improve the subject property if the tax savings are granted. Based on initial
inspections, the applicant would reconfigure the interior space to expand the warehousing
portion, replace the exterior curtainwall/glazing system, upgrade the office, install new window
treatments, paint the interior/exterior, install new interior/exterior signage, upgrade the
bathrooms and kitchen, repair the plumbing and mechanical and upgrade the parking lot and
landscaping. The applicant plans to spend $350,000 to construct a new 5,000 to 6,000
square -foot warehouse on the Subject Property.
The applicant is requesting the 6B incentive to lower the taxes to around $1.50 per square-
foot for the property. If the incentive is not granted, they estimate their tax bill would remain
at $3.50 per square foot. Similar properties in nearby Lake and DuPage County range from $1
to $1.50 per square foot. Staff reviewed the submitted application and is supportive of the
request, subject to the applicant securing approval of an ordinance amending the Planned Unit
Development within six months of the passage of the resolution that is substantially similar to
that described in Exhibit A to the resolution, subject to final adjustments as developed in the
zoning approval process.
Discussion
Alternatives
1. Approve the resolution supporting AGL 500 WEST LLC's application for a Cook County
Class 6B Incentive for the property located at 500 W. Algonquin Road.
2. Action at the discretion of the Village Board.
Staff Recommendation
Staff recommends that the Village Board approve the resolution supporting AGL 500 WEST
LLC's application for a Cook County Class 6B Incentive for the property located at 500 W.
Algonquin Road.
Attachments
1. 613 Application Information
2. Resolution for 500 W. Algonquin 6B Request
November 14, 2024
Jason Shallcross
Director of Community & Economic Development
Village of Mt. Prospect
50 S. Emerson St.
Mt. Prospect, IL 60056
JShallcross@mountprospect.org
Re: Class 6b Incentive Resolution Request
AGL 500 WEST LLC
500 W. Algonquin Rd.
Mt. Prospect, Illinois 60056
PINS: 08-23-203-037-0000
Dear Jason:
AGL 500 WEST LLC ("Applicant") is seeking a Village of Mt. Prospect Resolution supporting
and consenting to a Class 6b Incentive on the above -referenced property based on occupation of a
property that has been vacant for less than 12 continuous months with a purchase for value and with
special circumstances, substantial rehabilitation and new construction. The Applicant plans on purchasing
the subject property and rehabilitating the same for its related entities, Broadway Electric, Inc. and
Cornerstone Contracting, Inc. (collectively, "Occupants"), to occupy for their uses consisting of the
warehousing and distribution of products used in the electrical industry.
The subject property is approximately 113,256 square feet with an approximately 22,600 square
foot building thereon that has been 100% vacant and unused since October 1, 2024. The subject property
is in need of substantial rehabilitation. Therefore, the Applicant plans to spend approximately $1,300,000
to immediately rehabilitate and improve the subject property. Based on initial inspections these
improvements will be to reconfigure the interior space to expand the warehousing portion (see provided
current floor plan as well as a preliminary floor plan), replace the exterior curtainwall/glazing system,
upgrade the office, install new window treatments, paint the interior/exterior, install new interior/exterior
signage, upgrade the bathrooms and kitchen, repair the plumbing, update the mechanicals where needed,
modify the electrical/fire/sprinkler as needed, upgrade the parking lot and upgrade the landscaping as well
as to complete other general maintenance.
In addition, the Applicant plans to spend approximately $350,000 to construct a brand new
approximately 5,000 to 6,000 square foot warehouse addition where the current tennis court is located on
the northwest portion of the site. See provided plans to date. Please note that all of the improvement and
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 construction jobs.
100 N. LASALLE STREET, 10TH FLOOR, CHICAGO, IL 60602 (312) 782-8310 WWW.SARNOFFPROPERTYTAX.COM
Mr. Jason Shallcross
November 14, 2024
Page Two
The Occupants are currently leasing approximately 18,000 square feet in Elk Grove Village,
Illinois and need more space to fit their growth plans. Therefore, the Applicant plans to rehabilitate the
existing building on the subject property and construct the new warehouse to meet the Occupants' needs
so they can move their entire operations and make the subject property their headquarters.
Currently, the Occupants have 83 employees (all full-time) and plan to bring all 83 of these
employees to the subject property as well as to hire an additional 5 to 6 employees within the first three
years of operations. Note that of the 83 employees, 46 operate on site and the remaining are in the field.
In addition, the Occupants provide benefits to their employees: Health, dental, optical, PTO and more.
Additionally, the Occupants will look to hire all qualified Village of Mt. Prospect residents for future
hires.
The Village of Mt. Prospect can also expect that the Occupants and their employees will invest
commercially back into the community by visiting local establishments such as restaurants, gas stations,
grocery stores and more. In addition, the Village of Mt. Prospect can expect that the Occupants will
attract business and various customers to the Village in the course of their operations.
As the above and attached indicate, there are various benefits the Village of Mt. Prospect will
receive should the Applicant be granted the Class 6b Incentive. The Applicant and the Occupants are
excited to move forward with the purchase, rehabilitation, construction and reoccupancy of the subject
property and be strong community members in the Village of Mt. Prospect. However, the above is all
contingent on the Applicant receiving a Class 6b Incentive as the Applicant will not be able to
successfully operate at the subject property without the Incentive. Without the Class 6b Incentive, the
Applicant will not purchase, rehabilitate, construct, reoccupy and grow in the Village of Mt. Prospect.
Therefore, please review this letter and the attached materials, and place the Applicant on the
Agenda for the next possible Village of Mt. Prospect Board meeting, where it will present its request for
the Village of Mt. Prospect to pass a Resolution supporting and consenting to a Class 6b Incentive on the
subject property based on occupation of a property that has been vacant for less than 12 continuous
months with a purchase for value and with special circumstances, substantial rehabilitation and new
construction.
Should you have any questions or concerns, or require additional information, please do not
hesitate to contact me at (3 12) 782-8310.
Sincerely,
SARNOFF PROPERTY TAX
Zachary A. Kafitz
0 0 k COOK COUNTY ASSESSOR'S OFFICE
04 c4
COOK COUNTY ASSESSOR 118 NORTH CLARK STREET, CHICAGO, IL 60602
s .� PHONE: 312.443.7550 FAX: 312.603.6584
F R I T Z KA E G I ^"" �5 WWW.COOKCOUNTYASSESSOR.COM
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CLASS 6B
ELIGIBILITY APPLICATION
Carefully review the Class 6B Eligibility Bulletin before completing this Application. For assistance, please contact
the Assessor's Office, Development Incentives Department (312) 603-7529. This application, a filing fee of
$500.00, and supporting documentation (except drawings and surveys) must be filed as follows:
This application must be filed PRIOR TO the commencement of New Construction or PRIOR TO the
commencement of Substantial Rehabilitation Activities or PRIOR TO the commencement of Reoccupation of
Abandoned Property.
Applicant Information
Name: AGL 500 WEST LLC
Company:
Telephone: ( 847 ) 593-0001
Address: 500 W. Algonquin Rd.
City: Mt. Prospect State: IL Zip Code: 60056
Email: cblake@broadwayelectrie.com
Contact Person (if different than the Applicant)
Name: Chris Blake Telephone: ( )
Company: See above
Address:
City:
Email:
State: Zip Code:
Property Description (per PIN)
If you are applying for more than three different PINs, please submit the additional PIN information in an
attachment.
Street Address: (1) 500 W. Algonquin Rd.
Permanent Real Estate Index Number: 08-23-203-037-0000
(2)
Permanent Real Estate Index Number:
(3)
Permanent Real Estate Index Number:
City: Mt. Prospect
Township: Elk Grove
State: IL
Zip Code: 60056
Existing Class: 5-17
Attach legal description, site dimensions and square footage and building dimensions and square footage.
Identi/ieation of Person Having an Interest in the Property
Attach a 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.
Industrial Use
Attach a detail description of the precise nature and extent of the intended use of the subject property, specifying
in the case of the multiple uses the relative percentages of each use.
Include copies of materials, which explain the occupant's business, including corporate letterhead, brochures,
advertising material, leases, photographs, etc.
Employment Opportunities
How many construction jobs will be created as a result of this development? See attached
How many new permanent full-time and part-time employees do you now employ in Cook County?
Full-time: See attached Part-time: See attached
How many new permanent full-time jobs will be created by this proposed development? See attached
How many new permanent full-time jobs will be created by this proposed development? See attached
Nature of Development
Indicate nature of proposed development by checking the appropriate space:
[x] New Construction (Read and Complete Section A)
[ ] Substantial Rehabilitation (Read and Complete Section A)
Incentive only applied to the market value attributable to the rehabilitation
[ ] Occupation of Abandoned Property - No Special Circumstance
(Read and Complete Section B)
[x] Occupation of Abandoned Property - With Special Circumstance
(Read and Complete Section C)
[ ] Occupation of Abandoned Property - (CEERM Supplemental Application)
(Read and Complete Section C)
SECTIONA (NEW CONSTRUCTION/SUBSTANTIAL REHABILITATION)
If the proposed development consists of New Construction or Substantial Rehabilitation, provide the following
information:
Estimated date of construction
commencement (excluding demolition, if any): March, 2025
Estimated date of construction completion:
Attach copies of the following:
August, 2025
1. Specific description of the proposed New Construction or Substantial Rehabilitation
2. Current Plat of Survey for subject property
3. 1st floor plan or schematic drawings
4. Building permits, wrecking permits and occupancy permits (including date of issuance)
Complete description of the cost and extent of the Substantial Rehabilitation or New Construction
(including such items as contracts, itemized statements of all direct and indirect costs, contractor's
affidavits, etc)
SECTIONB (ABANDONED PROPERTY WITHNO SPECIAL CIRCUMSTANCE)
If the proposed development consists of the reoccupation of abandoned property, purchased for value, complete (1) and
(2) below:
1. Was the subject property vacant and unused for at least 12 continuous months prior to the purchase for
value?
[ ] YES [ ] NO
When and by whom was the subject property last occupied prior to the purchase for value`?
Attach copies of the following documents:
(a) Sworn statements from person having personal knowledge attesting to the fact and the duration
of vacancy and abandonment
(b) Information (such as statements of utility, companies) which demonstrate that the property was
vacant and unused and indicate duration of such vacancy
2. Application must be made to the Assessor prior to occupation:
Estimated date of reoccupation:
Date of Purchase:
Name of purchaser:
Name of seller:
Relationship of purchaser to seller:
Attach copies of the following documents:
(a) Sale Contract
(b) Closing Statement
(c) Recorded Deed
(d) Assignment of Beneficial Interest
(e) Real Estate Transfer Declaration
SECTION C (SPECIAL CIRCUMSTANCES)
If the applicant is seeking special circumstances to establish that the property was abandoned for purposes of the
Incentive where there was a purchase for value, but the period of abandonment prior to purchase was less than
12 months, complete section (1).
If the applicant is seeking special circumstances to establish that the property was abandoned for purposes of the
Incentive where there was no purchase for value, but the period of abandonment prior to the application 12
continuous months or greater, complete section (2).
1. How long was the period of abandonment prior to the purchase for value?
See attached
When and by whom was the subject property last occupied prior to the purchase for value?
See attached
Attach copies of the following documents:
(a) Sworn statements from persons having personal knowledge attesting to the fact and the duration
of the vacancy and abandonment
(b) Information (such as statements of utility companies) which demonstrate that the property was
vacant and unused and indicate duration of vacancy
(c) Include the finding of special circumstances supporting "abandonment" as determined by the
municipality, or the County Board, if located in an unincorporated area. Also include the
ordinance or resolution from the Board of Commissioners of Cook County stating its approval
for less than 12 -month abandonment period.
Application must be made to the Assessor prior to the commencement of reoccupation of the abandoned
property.
Estimated date of Reoccupation:
Date of purchase:
Name of purchaser:
Name of seller:
Relationship of purchaser to seller:
Attach copies of the following documents:
(a) Sale Contract
(b) Closing Statement
(c) Recorded Deed
(d) Assignment of Beneficial Interest
(e) Real Estate Transfer Declaration
January/February, 2025
Est. December, 2024/January, 2025
AGL 500 WEST, LLC
500 Algonquin LLC
None
2. How long has the subject property been unused?
[ ] ] 2 or greater continuous months (Eligible for Special Circumstance)
[ ] 3 continuous months and maintain/create 250 Employees (Eligible for Special
Circumstance under CEERM) - Complete CEERM Supplemental Application
[ ] Not Eligible for Special Circumstance if No purchase and less than 12 continuous months
vacant, or not a CEERM
When and by whom was the subject property last occupied prior to the filing of this application?
Attach copies of the following documents:
(a) Sworn statements from persons having personal knowledge attesting to the fact and the duration
of the vacancy and abandonment
(b) Information (such as statements of utility companies) which demonstrate that the property was
vacant and unused and indicate duration of vacancy
(c) Include the finding of special circumstances supporting "abandonment" as determined by the
municipality, or the County Board, if located in an unincorporated area. Also include the
ordinance or resolution from the Board of Commissioners of Cook County stating its approval
for lack of a purchase for value.
Application must be made to Assessor prior to the commencement of reoccupation of the abandoned
property.
Estimated date of reoccupation:
CEERM SUPPLEMENTAL APPLICATION
(This form will ONLY be utilized for applicants who specifically elect for CEERM)
This supplemental eligibility application is f or properties that have been abandoned (due to special circumstances)
where there has been no purchase for value and the buildings and other structures have been vacant and unused
for at least three continuous months and applicant has provided sufficient documentation to establish that such
applicant will create or maintain at least 250 jobs for employees at the subject location.
The CEERM Program shall be limited to the party who is the initial applicant of the Class 6B Incentive under
the CEERM Program and the subject of the municipal Resolution or Ordinance.
Under the CEERMProgram, qualifying industrial real estate would be eligible for the Class 6B level of assessment
from the date ofsubstantial re -occupancy of the abandoned property. Properties receiving Class 6B will be assessed
at 10% of market value for the first 10 years, 15% in the 11th year and 20% in the 12th year. The terms of this
program are Not Renewable.
I applicant/representative hereby specifically elect to submit
this Supplemental Application for the CEERM program.
Further affiant sayeth not.
Agent's Signature
Agent's Mailing Address
Applicant's Name
Applicant's e-mail address
Subscribed and sworn before me this day of
Signature of Notary Public
Agent's Name & Title
Agent's Telephone Number
Applicant's Mailing Address
20
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) should accompany this Application. The
ordinance or resolution must expressly state that the municipality supports and consents to this Class 6B
Application and that itfinds Class 6B necessary for development to occur on the subject property. If a resolution
is unavailable at the time the application is filed, a letter from the municipality or the County Board, as the case
may be, stating that a resolution or ordinance supporting the incentive has been requested may be filed with this
application instead. If the applicant is seeking to apply based on the reoccupation of abandoned property and
will be seeking a finding of "special circumstances" from the municipality, in addition to obtaining a letter from
the municipality confirming that a resolution or ordinance supporting the incentive has been requested, the
applicant must file a letter from the County Board confirming that a resolution validating a municipal finding
of special circumstances has been requested. If, at a later date, the municipality or the County Board denies the
applicant's request for a resolution or ordinance, the applicant will be deemed ineligible for the Class 6B
incentive, whether or not construction has begun. In all circumstances, the resolution must be submitted by the
time the applicant files an "Incentive Appeal".
In order to finalize the class change you will need to file an Incentive Appeal with supporting
documentation (including Proof of Occupancy) in the year that the property has been substantially
occupied. It is advised that you access our website (www,cookcounlyassessor.com,) to determine the
allowable filing dates for such action.
When filing an appeal requesting an Incentive Class Change, a $1,00.00 filing fee (made out to
the Cook County Assessor) must be included. The property cannot receive Class 613 designation
until you file an Incentive Appeal Form, AND this office grants reclassification for the parcel(s).
1, the undersigned, certify that I have read this Application and that the statements set forth in this 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.
Signature
r
c
Print Name
Date
Title
41112022
0�COOK COUNTY ASSESSOR'S OFFICE
Z
COOK COUNTY AsSESSOR 118 NORTH CLARK STREET, CHICAGO, IL 60602
PHONE: 312.443.7550 FAX: 312.603,3616
FRITz KAEGI N WWW.COOKCOUNTYASSESSOR.COM
- - - -------------------------- -- - -- - - - - - - - - - -- - --------------- - -----
Christian Blake 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 _�enewal (circle as appropriate) for one
of the following development incentives provided by the Code of Ordinances of Cook County, Chapter
74, Article 11, Division 2, The Cook County Real Property Assessment Classification Ordinance,
Sec.74-60 et seq., as amended:
x Class 6b Class 8 (industrial property) Class 9
3. The Cook County Assessor's Office has issued the following control number regarding this
QiiEn enewal (circle as appropriate), TBD
4. 1 have reviewed the Code of Ordinances of Cook County, Cook County Living Wage Ordinance,
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.
mm
Applicant is not required to pay a living wage, pursuant to the Ordinance.
Furth"ffiant saye no�,
A-
101
Agent's Signature Agent's Name & Title
500 W. Algonquin Rd., Mt. Prospect, IL 60056 847-593-0001
Agent's Mailing Address Agent's Telephone Number
ACL 500 WEST LLC 500 W. Algonquin Rd., Mt. Prospect, IL 60056
Applicant's Name Applicant's Mailing Address
cblake@broadwayelectric.com
Applicant's e-mail address
Subscribed and sworn before me this 4 day of fiOULOM her , 20c��.
§6-n—atir; of Notary Public OFFICIALS L
HEATHER A ORMIM
NOTARY PUBLIC, STATE OF ILLINOIS
MY Commission Expires 05/26/2025
PIN(s)
08-23-203-037-0000
EXHIBIT A
(Please type or Print)
Common Address
500 W. Algonquin Rd., Mt. Prospect, IL 60056
12/10/2018
I'VE rOMW I
your name), if called to testify would attest to the following
facts:
z.
1. That I am (relationship 1, to the entity that owns the
subject pro 6z:)
yert (entity that owns the subject property), that owns
y) of 5
the property located at 500 WAlgofiquip Rd. in Mt. Prospect, Illinois (PINs: 08-23-203-037-
0000) ("Subject Property").
2. That the prior occupant of the Subject Property was (Ar—ior
occuant).
3. That as of /6 -'/ -2 �/ (date the site became vacan ,
.(former occupant) completely vacated the Subject Property.
4. That since (date ), the Subject Property and has been 100%
vacant and unused.
Further Affiant Sayeth Not,
(VVUr nalAe
Date: H"''-
Leal Description, Site and Building Square Footage
The total land area of the subject parcel located at 500 W. Algonquin Rd. in Mt. Prospect,
Illinois (PIN: 08-23-203-037-0000) is approximately 113,256 square feet with an approximately
22,600 square foot building thereon. There is to be an approximately 5,000 to 6,000 square foot
building to be constructed on the subject property.
Below please find a legal description of the subject property:
LOT 1 IN LAKE CENTER PLAZA RESUBDIVISION NO. 2 OF PART OF THE
NORTHEAST 1/4 OF SECTION 23 TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE
THIRD PRINCIPAL MERIDIAN IN COOK COUNTY, ILLINOIS.
Description of the Nature of the Proiect, the Intended Use of the Subiect Property and
Information Regarding the Applicant and User
AGL 500 WEST LLC ("Applicant") plans to purchase the property located at 500 W.
Algonquin Rd. in Mt. Prospect, Illinois (PINS: 08-23-203-037-0000) and rehabilitate the same
for its related entities, Broadway Electric, Inc. and Cornerstone Contracting, Inc. (collectively,
"Occupants"), to occupy for their uses consisting of the warehousing and distribution of products
used in the electrical industry.
The subject property is approximately 113,256 square feet with an approximately 22,600
square foot building thereon that has been 100% vacant and unused since October 1, 2024. The
subject property is in need of substantial rehabilitation. Therefore, the Applicant plans to spend
approximately $1,300,000 to immediately rehabilitate and improve the subject property. Based
on initial inspections these improvements will be to reconfigure the interior space to expand the
warehousing portion (see provided current floor plan as well as a preliminary floor plan), replace
the exterior curtainwall/glazing system, upgrade the office, install new window treatments, paint
the interior/exterior, install new interior/exterior signage, upgrade the bathrooms and kitchen,
repair the plumbing, update the mechanicals where needed, modify the electrical/fire/sprinkler as
needed, upgrade the parking lot and upgrade the landscaping as well as to complete other general
maintenance.
In addition, the Applicant plans to spend approximately $350,000 to construct a brand
new approximately 5,000 to 6,000 square foot warehouse addition where the current tennis court
is located on the northwest portion of the site. See provided plans to date. Please note that all of
the improvement and 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 construction jobs.
The Occupants are currently leasing approximately 18,000 square feet in Elk Grove
Village, Illinois and need more space to fit their growth plans. Therefore, the Applicant plans to
rehabilitate the existing building on the subject property and construct the new warehouse to
meet the Occupants' needs so they can move their entire operations and make the subject
property their headquarters.
Currently, the Occupants have 83 employees (all full-time) and plan to bring all 83 of
these employees to the subject property as well as to hire an additional 5 to 6 employees within
the first three years of operations. Note that of the 83 employees, 46 operate on site and the
remaining are in the field. In addition, the Occupants provide benefits to their employees:
Health, dental, optical, PTO and more. Additionally, the Occupants will look to hire all qualified
Village of Mt. Prospect residents for future hires.
The Village of Mt. Prospect can also expect that the Occupants and their employees will
invest commercially back into the community by visiting local establishments such as
restaurants, gas stations, grocery stores and more. In addition, the Village of Mt. Prospect can
expect that the Occupants will attract business and various customers to the Village in the course
of their operations.
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Ownership Information
Ownership: AGL 500 WEST LLC ("Applicant") plans to purchase the property located at 500
W. Algonquin Rd. in Mt. Prospect, Illinois (PINs: 08-23-203-037-0000).
Attached hereto please find the Articles of Organization and Amendment as well
as a Cook County Disclosure of Ownership Interest Statement. We have also
provided Secretary of State webpage printouts for the occupants.
fI ARTMENT OF THE TREASURY
a! IRS 11?1`4IERNAL REVENUE SERVI(-E
CIN(.7lNNA'F1 OH 45999--0023
AG��, 500 WEST Llk�
CliRISTIAM 1) SOF,E MPR
/32 SADCOARS CT
TL, 60540
Date of this notice10 1 & .2024
Erupi(,�yu,r IdenLification Nwrtt�er
33-1495295
Fam : SS—1
Number o -f this notice: CP 5'/5 Cl
For assi.stance you may ca.11 us at:
I -F300--829-4933
I -F YOU WPITI°.,, A'.PFACH T111K
STUB VP T11E END OF' TF11S NOTICF, .
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(IRS USE ONLY) 5"15G 10-16-2024 AGL5 0 999991,39999 SS -4
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You
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Ou a1A
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inf`orrw=,it.ion aloiig wi(Ji your. El1q, if you file your returns
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Rc�turn this part with any corrr..�spondencE:
so we may identify your a(. -.,count. P I ( ss
correc"L any errors ir) your name or add.n-,--.ss-
CP 575 G
99911,4999999
Your Telephone Ni-imber. Best-, 'Time Lo Call DATE OF THIS 1f:-1.6-2024
EMPLOYER IDENTIFICATION NUMBER. 33-14 952 913
FORM: S )_4 NOB(")D
INTERNAL REVENUE SERVICE AGL 500 WEST LLC
CINCINNATI OH 45999-0023 CHRISTIAN D BLAKE SOLE IM13R
'732 SADDLERS CT
NAPERVILLE, IL 60540
nom, LLC -5.25 Illinois
Limited Liability Company Act
)Secretary of State Articles of Amendment
Department of Business Services
Limited Liability Division
501 S. Second St., Rm. 351 Filing Fee: $50
Springfield, IL 62756 Approved By: JEA
217-524-8008
wwwilso&gov
. ..... ......
1. Limited Liability Company Name:
TWWJM��
FILED
Oct 16, 2024
Alexi Giannoulias
Secretary of State
3. The Articles of Organization are amended to change the name of the limited liability company as follows:
New Name:
AGIL 500 WEST LLC
4. This amendment was approved in accordance with Section 5-25 of the Illinois Limited Liability Company Act.
5. 1 affirm, under penalties of perjury, having authority to sign hereto, that these Articles of Amendment are to the best
of my knowledge and belief, true, correct and complete.
Dated Oct 16 2024
Month/Day Year
CHRISTIAN BLAKE
Name
MANAGER
ie
If the applicant is a company or other entity, state name of company.
This document was generated electronically at www.ilsos.gov
FormLLC-5-5
Liability Division
www.ilsos.gov
Illinois
Limited Liability Company Act
Articles of Organization FILE # 15340037
FILED
Filing Fee: $150 OCT 15 2024
Approved By: KDM Alexi Giannoulias
Secretary of State
Limited Liability Company Name: AGL, LLC
Address of Principal Place of Business where records of the company will be kept:
732 SADDLERS COURT
NAPERVILLE, IL 60540
MIM11 111111111 M ��� piligg pipqi I
8333MME=
4. Registered Agent's Name and Registered Office Address:
CHRISTIAN BLAKE
732 SADDLERS CT
NAPERVILLE, IL 60540-2018
5. Purpose for which the Limited Liability Company is organized:
"The transaction of any or all lawful business for which Limited Liability Companies may be organized under this Act."
6. The LLC is to have perpetual existence.
7. Name and business addresses of all the managers and any member having the authority of manager:
CHRISTIAN BLAKE
732 SADDLERS COURT
NAPERVILLE, IL 60540
& 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: OCTOBER 15, 20124 CHRISTIAN BLAKE
732 SADDLERS COURT
NAPERVILLE, IL 60540
This document was generated electronically at www.ilsos.gov
The Cook County Code of Ordinances (§2-610 etoeq) mqu|mo that any Applicant for any County Action must disclose information
concerning ownership interests in the Applicant. This Disclosure ufOwnership Interest Statement must be completed with all
information current as of the date this Statement is signed. Furthermore, this Statement must be kepi ounent, by filing an amended
Sta0ement, until such time as the County Board orCounty Agency shall take action on the application. The information contained
in this Statement will be maintained in m database and made available for public viewing. County reserves the right to request
additional information to verify veracity of information containted in this statement.
If you are asked N list nameo, but there are no applicable names to list, you must state NONE. An incomplete Statement will he
returned and any action regarding this contract will be de|ayed. Afa||um to fully comply with the ordinance may result in the action
taken bythe County Board orCounty Agency being voided.
"Applicant' means any Entity or person making an application to the County for any County Action.
"County Action" means any action by a County Agency, a County Depurtnen\, or the County Board regarding an ordinance or
ordinance amendment, e County Board appmva|, orother County agency approval, with respect to contracts, |eoawe, or sale or
purchase cfreal estate.
"Person" "Entity" or "Legal Entity" means a sole proprietorship, corporation, partnership, association, business trust, estate, two or
�
more persons having ajoint or common interest, hnohao of land trust, other commercial or legal entity or any beneficiary or
�
beneficiaries thereof.
This Disclosure ofOwnership |nharest Statement must besubmitted by�
1.AnApplicant for County Action and
2.APerson that holds stock orabeneficial interest ithe Applicant and ialisted onthe Applicant's Statement (a^Ho|der")must file a
Statement and complete #1only under Ownership Interest Declaration.
Please print or type responses clearly and legibly. Add additional pages if needed, being careful0oidenUfyemohportionofdhefonnoo
which each additional page refers.
This Statement is being made by the [ X]App|icend or Stock/Beneficial Interest Holder
This Statement is an: [ X Original Statement or Amended Statement
Identifying Information:
Name AGL 500 WEST LLC
Street Address: 732 SADDLERSC CT
City: NAPERVILLE State: IL
Phone No.: 847 354 0457 Fax Number:
Cook County Business Registration Number: _
(Sole Proprietor, Joint Venture Partnership)
Corporate File Number (if opp|icab|e):______
Form ofLegal Entity:
[ ]
Sole Proprietor [ ] Partnership
[ ] Business Trust [ ] Estate
[ A Other (describe)
UME
[ ] Corporation
[ ) Association
DISCLOSURE orOWNERSHIP INTEREST '1
01"Muffs-fl". Willi
Trustee of Land Trust
[ I Joint Venture
Ownership Interest Declaration:
1. List the name(a).address, andpemantownenahipofeeohPmmunhevingalega|orbenefioim|intoma (including ownership) of
more than five percent (5%)inthe AppUcmnt/Ho|der.
Noma Address Percentage Interest in
Applicant/Holder
CHRISTIAN DBLAKE 732SADDLERS CTMAPERV|LLE|LG0540 100%
2. If the interest of any Person listed in (1) above is held as an agent or agents, or a nominee or nominees, list the name and
address o[the principal onwhose behalf the interest iaheld.
Name ofAgent/Nominee Name ofPrincipal Principal's Address
3. Is the Applicant constructively controlled by another person or Legal Entity? [ ]Yea [ X )No
If yes, state the name, address and percentage of beneficial interest of such person, and the relationship under which such
control iabeing mrmay beexercised.
Name Address Percentage of Relationship
Beneficial Interest
For all corporations, list the names, addresses, and terms for all corporate officers. For all limited liability companies, list the names,
addresses for all members. For all partnerships and joint ventures, list the names, addresses, for each partner orjoint venture.
Name Address Title (specify title of Term ofOffice
Office, orwhether manager
orpartner/joint venture)
CHRISTIAN DBLAKE 732SADDLERSCTWAPERV|LLE|LGO54O SOLE MEMBER Perpetual
IX | state under oath that the Applicant has withheld no disclosure as to ownership interest in the Applicant nor reserved
any information, data or plan as to the intended use or purpose for which the Applicant seeks County Board or other County
Agency action.
( l
I state under oath that the Holder has withheld no disclosure as to ownership interestnor reserved any information required to
The Applicant must indicate by checking the appropriate provision below and providing all required information thateither:
a) The following isacomplete list of all real estate owned by the Applicant in Cook County:
W X ��_ThmAppicanto*nanorea estate inCook County.
2. EXCEPTIONS TO CERTIFICATIONS OR DISCLOSURES.
Kthe Applicant is unable to certify to any of the Certifications or any other statements contained in this EDS and not explained elsewhere in
this EDS, the Applicant must explain below:
Kthe letters, lNA", the word ^None or"No Response" appears above, orifthe space is left blank, itwill baconclusively presumed that the
100101 1A Colo HI 12 YAA "*
Name horized A I' Holder Representative (please print or type)
. .... . .......
Signature
rte=
Subscrib d to and swWo n Vore YrT,1
0 1 day of 0
20_
24z hz�
X
Notary Public Signature
DISCLOSURE OF OWNERSHIP INTEREST - 4
Member
Title
— ate-43�7L4��
L-MONSUM
My commission expires:
j-4264;.-,5
OFFICIAL SEAL
F, Bt*,,ess E,,tC'y Search x +
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Entity Information
Entity Name
BROADWAY ELECTRiC, ll,1C.
Fide Number
53362737
Status
ACTIVE
Entity Type
COPPORATiON
Type of Corp
Dl". MESTiC BCA
Incorporation
02-09-1984
State
UlNUS
Date (Domestic)
Duration Date
PERPE"rUAL.
Annual Report
Annual Report
Filling Date
01-E.31•2024
Year
2024
Agent
MARGEPY NEWMAN
Agent Change
Ol-20-2023
Information
30 N L A SA L L E Si SSE 3600
Date
CHICAG0,1L 60602-2516
Services and More Information
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0
F, Bt*,,ess E,,ty Search x + 0 x
C
Entity Type CORPORATION Type of Corp DOMESTIC BCA
lnceur oration 02-09-1984 State UINOIS
W .N
Duration Date PERPETUAL
Annual Report
Annual Report
Filing data
01-3P-2024
Year 2024
Agent,
MARGERY NEWMAtJ
Agent Change 01-20-2023
Information
30 N LA SALLE ST STE $600
Date
OFflCAG0,1L 60602�2516
Services and More Information
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Officum
President CI iMSTOAN D BLAKE 83U OAKTONELK GROVE WLLAGE 60007
Secretary Cl iMSTVAN D, BLAKE 831 OAK,rONS'r ELK GROVE WLLAGE, OL 60007
Business Entity Semch x +
(,' t; alp ps,i sos,gov,lh)Lpsxrre,�sei,itity:Feat�h/busi iiesso% ysearch
(Domestic)
Duration Date
Annual Report
Filing Date
Agent information
PERPETUAL
MINDMIUM
MARGERY
NEWMAN
30 N LA SALLE ST
STE 3600
CHlCAGO,IL
60602-2516
Ann uat Report
Year 2024
Agent Change Date 12-05 2022
Set -vices and More Information
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this bUslnes s,
Erin sl CHRls,rlAN BLAKE 831 OAKTON ELK GROVE MILL GE IL 60007
Secretary CHMSIIAN D, BLAKE 831 OAKTONST ELK GROVE VILLAGE, IL 60007
0
x
110101010101010101010101010101010101010101010101010101010101010101010101010101010101.
Set -vices and More Information
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this bUslnes s,
Erin sl CHRls,rlAN BLAKE 831 OAKTON ELK GROVE MILL GE IL 60007
Secretary CHMSIIAN D, BLAKE 831 OAKTONST ELK GROVE VILLAGE, IL 60007
RESOLUTION NO.
A RESOLUTION IN SUPPORT OF AGL 500 WEST, LLC
MAKING APPLICATION FOR COOK COUNTY CLASS 6B TAX INCENTIVE FOR
THE PROPERTY LOCATED AT 500 W. ALGONQUIN ROAD
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, AGL 500 West, LLC, has requested the Village of Mount Prospect support
its application for the Class 6B Real Property Classification to locate an electrical
contractor headquarters use at 500 W. Algonquin Road, Mount Prospect, Cook County
(Property); and
WHEREAS, an Economic Disclosure Statement was provided; and
WHEREAS, the corporate authorities of the Village of Mount Prospect believe that special
circumstances exist such that the 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 Tax Incentive 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 500 W. Algonquin and legally
described as:
LOT 1 IN LAKE CENTER PLAZA RESUBDIVISION NO. 2 OF PART OF THE
NORTHEAST 1/4 OF SECTION 23 TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE
THIRD PRINCIPAL MERIDIAN IN COOK COUNTY, ILLINOIS.
,I0I $R] pal P41191[INY0I1I1I17
SECTION TWO: That the Village's support of AGL 500 West, LLC's application for the
Class 6B Real Property Classification at the Property is conditioned on the Village Board
approving an ordinance amending the Planned Unit Development that includes the
2029096_1
Property to include construction of a new warehouse on the Property as generally set
forth in attached Exhibit A.
SECTION THREE: That AGL 500 West, LLC must secure approval of an ordinance
amending the Planned Unit Development referenced in Section Two above within six (6)
months of the passage of this Resolution; otherwise, this Resolution supporting the AGL
500 West, LLC application for the Class 613 Real Property Classification at the Property
will automatically become invalid and Cook County will be advised of the same. The
amendment shall provide for additional development that is substantially similar to that
described in Exhibit A to this Resolution, subject to final adjustments as developed in the
zoning approval process.
SECTION FOUR: That the Village of Mount Prospect supports industrial growth,
increased employment and economic development and the "property" is in furtherance of
this goal.
SECTION FIVE: 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 17th day of December 2024
Paul Wm. Hoefert
Mayor
Karen M. Agoranos
Village Clerk
2029096_1
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