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HomeMy WebLinkAboutRes 32-95 11/08/1995 caf 1111/95 RESOLUTION NO. 32-95 A RESOLUTION IN SUPPORT OF U. S. ROBOTICS MAKING APPLICATION FOR COOK COUNTY CLASS 6 TAX EXEMPTION 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 new 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 Du Page in attracting industrial development; and WHEREAS, U. S. Robotics has requested the Village of Mount Prospect to support their application for a Class 6 real property classification; and WHEREAS, the corporate authorities of the Village of Mount Prospect believe that the request of U. S. Robotics 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 of U. S. Robotics for a Class 6 Property Classification from Cook County, which allows a 16% assessment level for 8 years for the property identified in Exhibit "A" attached hereto and hereby made a part hereof and further identified by Permanent Index Numbers 03-33-300-073, 03-33-300-039 and 03-33- 300-043. SECTION TVVO: 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 tl~e property is subject to compliance with all requirements of the I-1 (Light Industrial) District and development standards of the Village of Mount Prospect. 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; Clowes, Hendricks, Skowron, Farley NAYS: None ABSENT: Corcoran ABSTAIN: Hoefert, Wilks PASSED and APPROVED this 8th day of November , i995. ~-~erald L. Farley ATTE.~/T: . / ~ Mayor Carol A. Fields Village Clerk EXHIBIT "A" U. S. ROBOTICS 1800 WEST CENTRAL ROAD MOUNT PROSPECT, ILLINOIS 60056 PiN # 03-33-300-073, 03-33-300-039 and 03-33-300-043 SOUTHERN PARCEL NORTHERN PARCEL