HomeMy WebLinkAboutRes 53-05 12/06/2005
kad 11/30/05
wjc 12/1/05
RESOLUTION NO. 53-05
A RESOLUTION IN SUPPORT OF C-L1NE PRODUCTS, 1100 BUSINESS CENTER
DRIVE, MOUNT PROSPECT, ILLINOIS, MAKING APPLICATION FOR RENEWAL OF
COOK COUNTY CLASS 6B TAX ABATEMENT
WH EREAS, 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 businesses to become established in Mount Prospect, Cook County; and
WHEREAS, without the Cook County property tax incentives, Mount Prospect is at a
competitive disadvantage with the neighboring counties of Lake and DuPage in attracting
industrial development; and
WHEREAS, C-Line Products has requested the Village of Mount Prospect to support their
application for renewal for a Class 6B real property classification at 1100 Business Center
Drive; 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 and have supported them previously with the passage of Resolution Number
05-98 on February 17, 1998.
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 of C-Line Products, located at 1100
Business Center Drive, for the renewal of a Class 6 Property Classification from Cook
County, for the property legally described as follows:
Lot 301-B in Kensington Center Resubdivision 14, a subdivision and
resubdivision in part of the North 'Y2 of Section 35, Township 42 North, Range 11
East of the Third Principal Meridian in Cook County, Illinois
Permanent Index Numbers: 03-35-201-043 and 03-35-201-001
Page 2/2
Class 6 Tax Abatement
SECTION TWO: That the Village of Mount Prospect supports industrial growth, increased
employment and economic development and this proposed development is in furtherance
of this goal. The Board of Trustees of the Village of Mount Prospect further finds that this
incentive is necessary for development to occur on the Subject Property.
SECTION THREE: That development of the property is subject to compliance with all
requirements of the 1-1 (Light Industrial) District and development standards of the
Kensington Center for Business.
SECTION FOUR: That this Resolution shall be in full force and effect from and after its
passage and approval in the manner provided by law.
AYES:
Corcoran, Hoefert, Korn, Lohrstorfer, Skowron, Zadel
NAYS:
None
ABSENT:
None
PASSED and APPROVED this 6th day of December, 2005.
~~ t!tJ~
Irvana K. Wilks
Mayor
H:\CLKO\files\WINIRES\Class 6 lax abatement,c line,dec,05.doc