HomeMy WebLinkAboutRes 22-15 06/02/2015 In Support of Kensington Business Center Drive Holdings - Application for 6B Tax Abatement RESOLUTION NO. 22-15
A RESOLUTION IN SUPPORT OF KENSINGTON BUSINESS CENTER DRIVE
HOLDINGS-1 LLC, 1050 BUSINESS CENTER DRIVE, MOUNT PROSPECT,
ILLINOIS,
MAKING APPLICATION FOR 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, Kensington Business Center Drive Holdings-1 LLC , has requested the Village
of Mount Prospect support its application for the Class 6B Real Property Classification at
1050 Business Center Drive, 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 1050 Business Center Drive and legally described as:
THAT PART OF LOT 301-A LYING EAST OF A STRAIGHT LINE DRAWN FROM A
POINT ON THE SOUTH LINE OF SAID LOT 301-A 203.89 FEET AS MEASURED
ALONG SAID SOUTH LINE WEST OF THE SOUTHEAST CORNER OF SAID LOT 301-A
TOA POINT ON THE NORTH LINE OF SAID LOT 207.24 FEETAS MEASUREDALONG
SAID NORTH LINE WEST OF THE NORTHEAST CORNER OF SAID LOT 301-A IN
KENSINGTON CENTER RESUBDIVISION 13 IN THE NORTH'/z OF THE NORTHWEST
% OF SECTION 35 TOWNSHIP 42 NORTH, RANGE 11 EAST OF THE THIRD
PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS
PIN: 03-35-104-058-0000
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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1050 Business Center Drive
Class 6B 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, Matuszak, Polit, Rogers, Saccotelli, Zadel
NAYS: None
ABSENT: None
PASSED and APPROVED this 2nd day of June, 2015.
Arlene A. Juracek
Mayor
M. Lisa Angell
Village Clerk
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