HomeMy WebLinkAbout25-58 Resolution No. 25-58
RESOLUTION
DETERMINING REAL ESTATE LOCATED AT 1480 VILLA STREET IS APPROPRIATE
FOR CLASS 6B COOK COUNTY REAL PROPERTY ASSESSMENT CLASSIFICATION
(LIAB Investments, LLC —Skitch Electric Company)
WHEREAS, the City of Elgin (the "City") desires to promote the creation, retention, and
expansion of business and industry in the City; and
WHEREAS,the Cook County Board of Commissioners has adopted the Cook County Real
Property Classification Ordinance which creates the Class 6b Tax Assessment Program to create
and retain industrial development in Cook County; and
WHEREAS, LIAB Investments, LLC (the "Applicant") has a contract to purchase the
vacant and unimproved property located at 1480 Villa Street, Cook County, Illinois, consisting of
Permanent Index Number 06-20-300-021-0000, consisting of 1.7 acres of total land area and as
further described in the legal description attached hereto as Exhibit "A" and made a part hereof
(the "Property") and has applied for or is applying for a Class 6b Cook County Real Property
Assessment Classification based on New Construction for the Property; and
WHEREAS, Applicant intends to construct an approximately 14,100 square foot building
for use as the new headquarters and equipment and material storage facility for Skitch Electric
Company on the Property and has requested that the City grant approval of a Cook County Class
6b Tax Assessment Classification based on New Construction; and
WHEREAS, such approval is required prior to the filing of an application with the County
of Cook to be considered for approval; and
WHEREAS, the City is a Home Rule municipality within the purview of Article VII,
Section 6(a) for the Illinois Constitution (1970) and may exercise any power and perform any
function pertaining to its government and affairs; and
WHEREAS, the City has received the Applicant's Economic Disclosure Statement (EDS)
Affidavit; and
WHEREAS, it has been determined by the Mayor and City Council of the City of Elgin
that approving the Cook County Class 6b for the Property is necessary and beneficial for the local
economy; and
WHEREAS, to promote commercial stability, property values of neighboring commercial
property, prevent potential blight brought on by vacancy and to retain jobs within the City, the
Mayor and City Council of the City of Elgin have determined that it is in the best interests of the
City to approve the Class 6b incentive for the Property based on New Construction.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS, that it hereby finds and determines that the Property is appropriate for
classification 6b under the Cook County Real Property Assessment Classification Ordinance.
BE IT FURTHER RESOLVED, that the City of Elgin supports and consents to the Class
6b Cook County Real Property Assessment Classification as being necessary for the occupancy of
the Property and that without such incentive,the Property is unlikely to be developed and occupied.
BE IT FURTHER RESOLVED, that the City supports and consents to the filing of an
application by the owner of the Property as provided by the Cook County Real Property
Assessment Classification Ordinance.
BE IT FURTHER RESOLVED, that the City Clerk be and is hereby authorized and
directed to furnish the Office of the Cook County Assessor with two certified copies of this
resolution.
s/David J. Kaptain
David J. Kaptain, Mayor
Presented: March 26, 2025
Adopted: March 26, 2025
Omnibus Vote: Yeas: 9 Nays: 0
Attest:
s/Kimberly Dewis
Kimberly Dewis, City Clerk
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EXHIBIT A
LEGAL DESCRIPTION
THAT PART OF SECTION 20, TOWNSHIP 41 NORTH, RANGE 9, EAST OF THE THIRD
PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS:
COMMENCING AT A POINT IN THE CENTER LINE OF THE U.S. ROUTE 20 WHERE THE
EAST LINE OF THE WEST 1/2 OF THE SOUTHWEST 1/4 OF SAID SECTION 20 INTER-
SECTS SAID CENTER LINE; THENCE SOUTHEASTERLY ALONG SAID CENTER LINE
52.40 FEET TO THE EASTERLY LINE OF A TRACT OF LAND CONVEYED TO PUBLIC
SERVICE COMPANY OF NORTHERN ILLINOIS (NOW THE COMMONWEALTH EDISON
COMPANY) BY DOCUMENT 9542306; THENCE NORTHERLY ALONG SAID EASTERLY
LINE 114.22 FEET; THENCE NORTHEASTERLY ALONG SAID EASTERLY LINE 76.81
FEET TO THE NORTHERLY LINE OF TRACT OF LAND DEDICATED FOR HIGHWAY
PURPOSES BY DOCUMENT 17993033; THENCE SOUTHEASTERLY ALONG SAID NOR-
THERLY LINE,41.55 FEET TO A LINE 40.00 FEET EASTERLY OF MEASURED AT RIGHT
ANGLES THERETO) AND PARALLEL WITH THE EASTERLY LINE OF LAND CON-
VEYED BY DOCUMENT 9542306 FOR THE POINT OF BEGINNING; THENCE NORTH 02
DEGREES 44 MINUTES 50 SECONDS EAST ALONG SAID EASTERLY LINE TO A POINT
ON THE SOUTH RIGHT OF WAY LINE OF SHALES PARKWAY, 317.62 FEET; THENCE
SOUTH 55 DEGREES 17 MINUTES 38 SECONDS EAST, 220.19 FEET TO A POINT OF
CURVATURE; THENCE SOUTHEASTERLY ALONG ARC OF A CIRCLE, BEING CON-
VEX NORTHEASTERLY AND HAVING A RADIUS OF 261.56 FEET, AN ARC DISTANCE
OF 328.37 FEET(THE CHORD OF WHICH ARC BEARS SOUTH 19 DEGREES 19 MINUTES
37 SECONDS EAST, 307.23 FEET) TO A POINT ON THE NORTHERLY LINE OF LANDS
DEDICATED BY DOCUMENT NO. 17993033;THENCE NORTH 71 DEGREES 47 MINUTES
13 SECONDS WEST, ALONG SAID LAND DEDICATED, 313.63 FEET TO THE POINT OF
BEGINNING, BEING SITUATED IN THE CITY OF ELGIN, COOK COUNTY, ILLINOIS.
COMMON ADDRESS: 1480 VILLA STREET, ELGIN, ILLINOIS 60120
PIN: 06-20-300-021-0000
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