14-155 Signed Resolution No. 14-155
RESOLUTION
DETERMINING THAT CERTAIN REAL ESTATE LOCATED AT
1717 GIFFORD ROAD IS APPROPRIATE FOR CLASS 6B COOK COUNTY REAL
PROPERTY ASSESSMENT CLASSIFICATION
(The Packaging Wholesalers)
WHEREAS, the Packaging Wholesalers (the "Petitioner") has applied for or is applying
for a Class 6b Cook County Real Property Assessment Classification for the property located
property located at 1717 Gifford Road, Cook County, Illinois, consisting of Permanent Index
Numbers 06-31-202-001-0000; 06-31-202-003-0000; 06-31-202-007-0000; 06-31-202-008-
0000; 06-31-202-009-0000; 06-31-201-014-0000; and 06-31-201-015-0000 as further described
in the legal description attached hereto as Exhibit "A" and made a part hereof(the "Property");
and
WHEREAS, the Property is a vacant industrial property consisting of 1,432,643 square
feet of total land area and 407,400 square feet of an existing building located thereon; and
WHEREAS,the Petitioner has applied for or is applying for a Class 6b property status for
the Property based on the occupation of abandoned property for less than 24 months continuous
vacancy with a purchase for value, special circumstances and substantial rehabilitation; and
WHEREAS, has the Petitioner proven to the City Council of the City of Elgin, Illinois
that such incentive is necessary for development to occur on this specific real estate and that
special circumstances as described in Exhibit `B" attached hereto and made a part hereof justify
finding that the Property is "abandoned" for purposes of the Class 6b even though the Property
has been vacant and unused for less than 24 months and there has been a purchase for value.
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 for the Property based on the
occupation of abandoned property for less than 24 months continuous vacancy with a purchase
for value, special circumstances and substantial rehabilitation.
BE IT FURTHER RESOLVED that the City of Elgin finds that the Class 6b
Classification is necessary for development to occur on the Property.
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.
�v
David J. Kap m, M or
Presented: October 22, 2014
Adopted: October 22, 2014
Omnibus Vote: Yeas: 9 Nays: 0
Attes
Wj- �, 6vjz
Kimberly Dewis, City lerk
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