HomeMy WebLinkAboutRes 10-24 02/06/2024 Class 6B Incentive For Their Property Located At 3020 Malmo Drive, Arlington Heights, IllinoisRESOLUTION NO. 10-24
A RESOLUTION IN SUPPORT OF
TATKOWSKI INVESTMENT GROUP, LTD APPLICATION FOR A RENEWAL OF A
CLASS 6B INCENTIVE FOR THEIR PROPERTY LOCATED AT
3020 MALMO D I E ARI I TOC4 HE H " IA LIN -OAS
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, Tatkowski Investment Group, LTD has requested the Village of
Mount Prospect support its application for renewal of the Class 6B Real
Property Classification at 3020 Malmo Drive, Arlington Heights, Illinois, Cook
County; 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
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 3020 Malmo Drive and legally described as:
LOT 9 IN ELMHURST — ALGONQUIN PARK, UNIT 1, BEING A RESUBDIVISION OF
PART OF LOT 3 IN LINNEMAN'S DIVISION IN SECTION 23, TOWNSHIP 41 NORTH,
RANGE 11 EAST, OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY,
ILLINOIS
Property Index No. 08-23-202-023-0000 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: Dante, Filippone, Gens, Grossi, Saccotelli
NAYS: None
ABSENT: Matuszak
PASSED and APPROVED this 6th day February 2024.
Paul Wm. Ho
Mayor
ATTEST:
...............................
Karen M. Agoranos
Village Clerk
Pg. 2 of 2 6b Tatkowski