HomeMy WebLinkAboutRes 03-94 01/18/1994 caf
1/14/94
RESOLUTION NO. 3-94
a RESOLUTION IN SUPPORT OF E-T-A PRODUCTS CO. OF AMERICA
MAKING APPLICATION FOR CO0 K COUNTY CLASS 6b 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 ~ncentives, Mount Prospect is at a
competitive disadvantage with the neighboring counties of Lake and Du Page in attracting
~ndustrial development; and
WHEREAS, E-T-A Products Co. of America has requested the Village of Mount Prospect
to support their application for a Class 6b real property classification; and
WHEREAS, the corporate authorities of the Village of Mount Prospect believe that the
request of E-T-A Products Co. of America 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 E-T-A Products Co. of America for
a Class 6b 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 Number 03-35-200-062.
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 ndustrial) District and development standards of the
Kensington Center for Business.
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, Corcoran, Hendricks, Hoefert, Skowron, VVilks
NAYS: None
ABSENT: None
PASSED and APPROVED this 18th day of January, 1994.
Gerald L. Farley
ATT~.,~T: 7>J . Mayor //
Carol A. Fields
Village Clerk
EXHIBIT "A"
Lot 808 in Kensington Center Resubdivision Twenty Eight, a resubdivision of Lots
803 and 805 in Kensington Center Resubdivision Twenty one, being a part of the
Northeast 1/4 of Section 35, Township 42 North, Range 11, East of the Third
Principal Meridian, Cook County, Illinois,