HomeMy WebLinkAboutRes 28-16 08/02/2016 In support of eDOC Making Application for Extension of 6B Tax AbatementRESOLUTION NO. 28-16
A RESOLUTION IN SUPPORT OF eDOC, 555 BUSINESS CENTER DRIVE,
MOUNT PROSPECT, ILLINOIS, MAKING APPLICATION FOR AN
EXTENSION OF COOK COUNTY CLASS 613 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, eDOC, has requested the Village of Mount Prospect support its application for
Extension of the Class 613 Real Property Classification at 555 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 613 Renewal of a property
tax reduction from 25% to 10% for years 1 through 10, 15% in year 11, and 20% in year 12
from Cook County for the Property located at 555 Business Center Drive, and legally
described as:
LOT 108, IN KENSINGTON CENTER -PHASE THREE -A, BEING A SUBDIVISION AND
RESUBDIVISION IN PART OF THE NORTHWEST % AND THE NORTHEAST % OF
SECTION 35, TOWNSHIP 42 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL
MERIDIAN AS PER THEREOF RECORDED MAY 4, 1981, AS DOCUMENT NUMBER
25859082, IN COOK COUNTY, ILLINOIS.
PIN: 03-35-12-009-0000
03-35-12-011-0000
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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555 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 August, 2016.
Arlene A. Jurac
Mayor
G
M. Lisa Angell
Village Clerk
H:\CLKO\WIN\MEMOS\RESOLUTION\Class 6 tax abatement555bus inesscenterdriveaug2016.doc