HomeMy WebLinkAboutRes 23-21 06/01/2021 A resolution in support of MV Holding, LLC, making application for Cook County Class 6B Tax Incentive for thr property located at 801 E. Business Center DriveRESOLUTION NO. 23-21
A RESOLUTION IN SUPPORT OF MV HOLDINGS, LLC,
C�!tAIiG APPLICATION FOR COOK COUNTY CLASS 6B TAX INCENTIVE FOR
THE PROPERTY LOC ATEI —...AT 4Q1J�.�BQ5INE'S5.CENTER DRIVE
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, MV HOLDINGS, LLC, has requested the Village of Mount Prospect
support its application for the Class 6B Real Property Classification at 801 E.
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 Tax
Incentive 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 801 E. Business Center Drive and legally described as:
LOT 206 IN KENSINGTON CENTER -RESUBDIVISION V, BEING A
RESUBDIVISION OF LOTS 206 AND 31 1 IN KENSINGTON CENTER -PHASE
THREE -A, BEING A SUBDIVISION AND RESUBDIVISION IN PART OF THE
NORTHWEST 1/4 AND THE NORTHEAST 1/4 OF SECTION 35, TOWNSHIP 42
NORTH, RANGE I I , EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK
COUNTY, ILLINOIS.
PI N: 03-35-102-015-0000
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.
SECTION THREE. That this Resolution shall be in full force and effect from and
Res 6b MV holdings
after its passage and approval in the manner provided by law.
AYES: Filippone, Gens, Matuszak, Pissarreck, Rogers, Saccotelli
NAYS: None
W 1�1 IT 1� 1111 rT II 0 0 0 0 0
Paul Wm. H
Mayor
,e A
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Karen M. Agora�no
Village Clerk