[Agenda] Meeting of the Property Tax Appeal Board

              BOARD MEMBERS
Michael J. (Mickey) Goral Kevin L. Freeman Walter R. Gorski Mauro Glorioso
Rockford Chicago Edwardsville Westchester
www.ptabil.com
State of Illinois
PROPERTY TAX APPEAL BOARD
Wm. G. Stratton Office Bldg. DONALD R. CRIST Suburban North Regional Office
401 South Spring St., Rm. 402 Chairman 9511 W. Harrison St., Suite 141
Springfield, Illinois 62706 Des Plaines, Illinois 60016
(T) 217.782.6076
(F) 217.785.4425 LOUIS G. APOSTOL
(TTY) 217.785.4427 Executive Director
Meeting of the
Property Tax Appeal Board
November 10, 2009 - 10:00 AM
W.G. Stratton Building – Room 511
Springfield, Illinois
1. Roll Call
2. Approval of Minutes from Previous Meeting
3. Executive Director’s Report
4. Discussion of Motions
a. Kraft Foods, Inc. #07-03035-C-3 (Kane)
Intervenors, City of Aurora and West Aurora S.D. #129, both originally filed with
PTAB on 6-5-09. A total of 90 days has been granted for the submission of
evidence with the latest extension expiring on 10-13-09. Both intervenors are
requesting an additional 90 days to determine the most appropriate way to
proceed and to secure appropriate evidence. The request further states that this is
a large commercial property located in Aurora and the appellant in this appeal is
seeking a substantial reduction in the assessment of the property. Property
consists of a one-story warehouse distribution building with 860,000 square feet
of building area. Appellant submitted an appraisal estimating the market value of
$30,000,000 as of assessment date. Total assessment is $13,679,281 reflecting a
market value of approximately $41,000,000.
b. The Sports Authority: #07-02847-C-3 (Kane)
Intervenor, Geneva C.U.S.D. #304, originally filed with PTAB on 5-11-09. A
total of 90 days has been granted for the submission of evidence with the latest
extension expiring on 8-25-09. Intervenor is requesting an additional 90 days to
research appraisal firms and evaluate the need for an appraisal of the subject
property. Request further states that the appeal involves a large retail building
and the appellant is seeking approximately $365,000 in reduced assessment for
2007. The subject property consists of a 43,393 square foot retail building. The
appellant submitted an appraisal estimating the market value of $3,700,000 as of