HomeMy WebLinkAboutRes 10-95 04/18/1995 caf
4110~95
RESOLUTION NO. 10-95
A RESOLUTION IN SUPPORT OF SCOTT LIFT TRUCK CORPORATION
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, Scott Lift Truck Corporation has requested the Village of Mount Prospect to
support and consent to 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 Scott Lift Truck Corporation is in the best interest of the economic development
and necessary for this development to occur 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 Scott Lift Truck Corporation for a
Class 6 Property Classification from Cook County, which allows a 16% assessment level
for 8 years followed by one year at 23% and the final year at 30% for the property
identified in Exhibit "A" attached hereto and hereby made a part hereof and further
identified by Permanent Index Numbers 08-22-401-063 and 08-22-401-064.
SECTION TWO: 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 the property is subject to compliance with all
requirements of the I-1 (Light Industrial) District and development standards of the Village.
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, Hoefert, Skowron, Wilks
NAYS: None
ABSENT: Corcoran
PASSED and APPROVED this 18th day of April, 1995.
ATTE, CT: , ..-..~ .~
Carol A. Fields
Village Clerk
EXHIBIT "A"
Lots 4 and 5 in Busse Road Industrial Park being a subdivision of Lot 1 in
busse Road Subdivision in the East Half of the Southeast Quarter of
Section 22, Township 41 North, Range 11, East of the Third Meridian in
Cook County, Illinois
Common Address: 2214 and 2218 South Busse Road, Mount Prospect, Illinois
Real Estate Tax I.C. Numbers 08-22-401-063 and 08-22-401-064