HomeMy WebLinkAboutRes 19-15 05/19/2015 In Support of Lechner and Sons Making Application for an Extension of Class 6B Tax Abatement RESOLUTION NO. 19-15
A RESOLUTION IN SUPPORT OF LECHNER AND SONS,
420 KINGSTON COURT, MOUNT PROSPECT, ILLINOIS,
MAKING APPLICATION FOR AN
EXTENSION OF COOK COUNTY CLASS 6B TAX ABATEMENT
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, LECHNER AND SONS, has requested the Village of Mount Prospect support
its application for Extension of the Class 6B Real Property Classification at 451 Kingston
Court, Mount Prospect, Cook County (Property); and
WHEREAS, the corporate authorities of the Village of Mount Prospect believe that their
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 Renewal from Cook
County for the Property located at 420 Kingston Court and legally described as:
LOT THREE, IN KENSINGTON CENTER-RESUBDIVISION TWENTY-FIVE IN PART OF
THE NORTHEAST QUARTER OF SECTION 35, TOWNSHIP 42 NORTH, RANGE 11
EAST OF THE THIRD PRINCIPAL MERIDIAN ACCORDING TO THE PLAT FILED FOR
RECORD ON FEBRUARY 1, 1989 IN THE OFFICE OF REGISTRAR OF TITLES AS
DOCUMENT T3770802, ALL IN COOK COUNTY, ILLINOIS.
Containing 213,921 square feet or 4.9109 acres more or less.
PIN: 03-35-200-051-0000
SECTION TWO: That the Village of Mount Prospect supports industrial growth, increased
employment and economic development and the "property" is in furtherance of this goal.
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420 Kingston Court
Class 66 Tax Abatement
SECTION THREE: That this Resolution shall be in full force and effect from and after its
passage and approval in the manner provided by law.
AYES: Hoefert, Polit, Rogers, Saccotelli, Zadel
NAYS: None
ABSENT: Matuszak
PASSED and APPROVED this 19th day of May, 2015.
Arlene A. Juracek
Mayor
Lisa Angell
Village Clerk
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