HomeMy WebLinkAboutRes 36-09 07/07/2009
RESOLUTION NO. 36-09
A RESOLUTION IN SUPPORT OF PETERSON ROOFING, INC.,
603 EAST KENSINGTON ROAD, MOUNT PROSPECT, ILLINOIS,
MAKING APPLICATION FOR COOK COUNTY
CLASS 6B TAX ABATEMENT
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 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, Peterson Roofing, Inc. has requested the Village of Mount Prospect to support
its application for a Class 6B Real Property Classification at 603 East Kensington Road,
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 PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS
ACTING IN THE EXERCISE OF THEIR HOME RULE POWERS:
SECTION ONE: That the President and Board of Trustees of the Village of Mount
Prospect do hereby support and consent to the application of Peterson Roofing, Inc., for a
Class 6B Property Classification from Cook County, which allows a 16% assessment level
for the first 10 years, 23% in the 11 th year and 30% in the 12th year for the "Property"
located at 603 East Kensington Road, legally described as follows:
Lot 1 in the Amah-Stone Subdivision of the North 644 Feet of the West 450
feet of Section 35, Township 42 North, Range 11, East of the Third Principal
Meridian, in Cook County, Illinois Rec. October 5, 1973. Document No. 22503547
PIN: 03-35-200-019-0000
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 "Property."
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Peterson Roofing
Class 68 Tax Abatement
SECTION THREE: That development of the property is subject to compliance with all
requirements of the 1-1 (Light Industrial) 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 mamer provided by law.
AYES:
Juracek, Kom, Matuszak, Polit, Zadel
NAYS:
None
ABSENT:
Hoefert
PASSED and APPROVED this yth day of July 2009
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Irvana K. Wilks
Mayor
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M. Lisa Angell .
Village Clerk
H:\CLKO\WIN\RESOLUTION\Class 6 tax abatement603eastkensingtonjuly2009.doc