R-24-2012 Res Determining Class 6b at 13555 Main St.VILLAGE OF LEMONT
RESOLUTION NO.
A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6b
STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY
CLASSIFICATION ORDINANCE AS AMENDED JANUARY 1, 2000, FOR
PROPERTY LOCATED AT 13555 MAIN STREET, LEMONT, ILLINOIS.
(M &B Solutions Class 6b)
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
THIS 9TH DAY OF APRIL, 2012
PUBLISHED IN PAMPHLET FORM BY
AUTHORITY OF THE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE
OF LEMONT, COOK, WILL AND DUPAGE
COUNTIES, ILLINOIS,
THIS 9TH DAY OF APRIL, 2012
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RESOLUTION NO.
A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6b
STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY
CLASSIFICATION ORDINANCE AS AMENDED JANUARY 1, 2000, FOR
PROPERTY LOCATED AT 13555 MAIN STREET, LEMONT, ILLINOIS.
(M &B Solutions Class 6b)
WHEREAS, M &B Solutions, LLC (hereinafter referred to as "Applicant ") is the
contract purchaser of the subject property covering approximately 7.43 acres located at 13555
Main Street (PIN# 22 -14- 300 -005); and
WHEREAS, the Applicant desires to obtain a real estate tax incentive abatement for
its purchase, occupancy, and redevelopment of an approximate 33,400 square foot building
located on the subject property; and
WHEREAS, the Cook County Real Estate Property Classification Ordinance, as
amended, provides for real estate tax incentive abatements for abandoned properties, as
defined in the ordinance; and
WHEREAS, the Applicant has indicated that a Class 6b incentive is necessary for the
redevelopment of the facility to occur; and
WHEREAS, the President and Board of Trustees of the Village has reviewed the
Applicant's request to the Village for a resolution supporting a Class 6b application; and
WHEREAS, the President and Board of Trustees of the Village has determined that
the proposed redevelopment of the facility will increase economic activity in the Village,
generate new employment in the Village, and increase the tax base in the Village; and
WHEREAS, the President and Board of Trustees of the Village finds the existence of
the following special circumstances which justify a finding that the property has been
abandoned under the Class 6b Incentive Ordinance, even though it has been vacant for less
than 24 months:
A. Since 2009, the subject property has been only approximately 50% occupied;
B. The limited occupancy of the subject property has had a negative impact on the
property tax revenue that the Village receives from the subject property;
C. Since 2009, the subject property has been occupied by short-term tenants with little
incentive to improve or maintain the property;
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D. The Applicant plans to bring approximately 40 employees to the subject property
and invest $200,000 in site and building improvements on the subject property;
and
WHEREAS the President and Board of Trustees of the Village has determined that it
is advisable to, among other things, support and consent to the filing of a Class 6b application
by the Applicant;
NOW, THEREFORE BE IT RESOLVED BY THE PRESIDENT AND BOARD
OF TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, DUPAGE,
AND WILL, ILLINOIS:
SECTION ONE: That the President and Board of Trustees of the Village supports
and consents to the filing of a Class 6b application by M &B Solutions LLC for property
located at 13555 Main Street (PIN# 22 -14- 300 -005).
SECTION TWO: That special circumstances exist that warrant the waiver of the
twenty -four (24) month vacancy requirement of the Cook County Real Estate Property
Classification Ordinance and finding that the subject property is `abandoned' for the purposes
of Class 6b.
SECTION THREE: That the President and Board of Trustees of the Village find that
the receipt of Class 6b incentives by the Applicant is necessary for the redevelopment of the
subject property to occur.
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PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, DUPAGE
AND WILL, ILLINOIS, ON THIS 9th DAY OF APRIL, 2012.
AYES NAYS ABSENT ABSTAIN
Debby Blatzer
Paul Chialdikas
Clifford Miklos t/
Ron Stapleton
Rick Sniegowski 'U
Jeanette Virgilio V
Approv4 by me this 9th d o pril, 2012
Attest:
RIAN K. REAV illage President
HARLENE M. SMOLLEN, Village Clerk
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