HomeMy WebLinkAboutRes 30-21 08/04/2023 Chicago Dry LLC renewal of 6bRESOLUTION NO. 30-21
A RESOLUTION IN SUPPORT OF
CHICAGO DRY LL, LLC'S APPLICATION FOR A RENEWAL OF A CLASS 6B
INCENTIVE FOR THEIR PROPERTY LOCATED AT
1000 BUSINESS CENTER DRIVE MOUNT PROSPECT ILLINOIS
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, Chicago Dry LL, LLC has requested the Village of Mount Prospect
support its application for Extension of the Class 6B Real Property Classification
at 1000 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 ONCE-. 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 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 1000 Business Center Drive and legally described as:
LOT 301-A IN KENSINGTON CENTER -RESUBDIVISION THIRTEEN, BEING A
RESUBDIVISION OF CERTAIN LOTS IN KENSINGTON CENTER -RESUBDIVISION
NINE, BEING A RESUBDIVISION OF LOT 301 IN KENSINGTON CENTER -PHASE
THREE -B, BEING A SUBDIVISION IN PART OF THE NORTHWEST 1/4 OF SECTION
35; ALSO RESUBDIVISION OF LOT 401 IN KENSINGTON CENTER -PHASE FOUR,
BEING A SUBDIVISION IN THE NORTHEAST 1/4 OF SECTION 35, ALL IN
TOWNSHIP 42 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN,
ACCORDING TO THE PLAT RECORDED AND FILED FEBRUARY 1, 1984 AS
DOCUMENTS 26952608 AND LR3353303, IN COOK COUNTY, ILLINOIS.
Property Index No. 03-35-104-057-0000 and;
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
after its passage and approval in the manner provided by law.
AYES: Agostino Filippone, Terri Gens, John Matuszak, Peggy Pissarreck, Colleen
Saccotelli
NAYS:None
ABSENT: Richard Rogers
PASSED and APPROVED this 4th day of August, 2021.
Paul Wm. Hoefrt
Mayor
ATTEST:
04Karen M. Agorano
Village Clerk
Pg. 2 of 2 6b Chicago Dry