HomeMy WebLinkAboutRes 36-21 10/05/2021 In support of Kitamura Machinery of U.S.A., Inc making application for a cook county class 6B tax incentive for the property located at 451 Kingston Court, Mount Prospect, ILRESOLUTION NO. 36-21
A RESOLUTION IN SUPPORT OF KITAMURA MACHINERY of U.S.A., INC MAKING
APPLICATION FOR A COOK COUNTY CLASS 6B TAX INCENTIVE
FOR THE PROPERTY LOCATED AT
451 KINGST�PJ!�...T
.QS—RECL-WILINM
WHEREAS, the Village of Mount Prospect encourages community development to
provide for economic growth and career opportunities; and
WHEREAS, the Village of Mount Prospect desires to promote and preserve industrial
uses in the Village; 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, Kitamura Machinery of U.S.A., Inc. has requested the Village of Mount
Prospect to support its application for the Class 6B Real Property Classification for
property located at 451 Kingston Court, Mount Prospect; and
WHEREAS, Kitamura Machinery of U.S.A., Inc. intends to move their machining
operation used for assembly, warehousing and distribution from Wheeling to Mount
Prospect if approved for a Class 6b tax incentive; and
WHEREAS, an Economic Disclosure Statement has been received and filed by the
Village of Mount Prospect; and
WHEREAS, the corporate authorities of the Village of Mount Prospect believe that
Kitamura Machinery of U.S.A., Inc.'s request is in the best interest of the economic
development in the Village of Mount Prospect; and
WHEREAS, the Village of Mount Prospect supports and consents to the filing of a
Class 6B Real Property Classification by Kitamura Machinery of U.S.A.,Inc., with the
understanding that any occupant of the property must meet the Class 6B Real
Property Classification qualifications for industrial warehousing, manufacturing
and/or distribution uses; and
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECIIQNONg: 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 Real
Class 6b Kitamura page 1 of 2
Property Classification from Cook County for the Property located at 451 Kingston
Court and legally described as:
LOT 6 AND THE NORTH 18.0 FEET OF LOT 5 THEREOF, IN KENSINGTON CENTER
RESUBDIVISION TWENTY-FIVE IN PART OF THE NORTHEAST 1/4 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 LR3770802, ALL IN COOK COUNTY,
ILLINOIS.
PIN: 03-25-200-068-0000
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.
riECTION T E: That the Village of Mount Prospect has determined that the Class
6B Real Property Classification is necessary for development to occur on the Property
and without such designation the industrial enterprise would not be economically
viable causing the Property to be in imminent risk of remaining vacant and unused.
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: Filippone, Gens, Matuszak, Pissarreck, Rogers, Saccotelli
NAYS: None
ABSENT: None
PASSED and APPROVED this 5th day of October, 2021
ATTEST:
Karen Agoranos
Village Clerk
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