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HomeMy WebLinkAboutRes 22-90 05/15/1990 C/caf RESOLUTION NO. 22-90 A RESOLUTION IN SUPPORT OF THE DIMENSION WORKS, INC. MAKING APPLICATION FOR COOK 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 incentives, Mount Prospect is at a competitive disadvantage with in the neighboring counties of Lake and Du Page in attracting industrial development; and WHEREAS, Dimension Works, Inc. 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 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 of Dimension Works, Inc. for a Class 6b Property Classification fr6m 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 08-23-203-028, 08-23-203-029, and 08-23-203-030. 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 find 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 Lake Center Corporate Park. 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: Arthur, Busse, Corcoran, Floros, Wattenberg NAYS: None ABSENT: - Van Geem PASSED and APPROVED this 15th day of May, 1990. Village Clerk EXHIBIT Lots 5, 6, 7, and the north 150.88' of Lot 4 in Lake Center Plaza Subdivision being a resubdivision of part of Lot 4 in Linnemann's Division of part of the Northweat Quarter (1/4) of Section 23, and part of the Southeast Quarter (1/4) of Section 14, all in Township 41 North, Range 11, East of the Third Principal Meridian, Cook County, Illinois, recorded on July 1, 1988 as Document No. 88-291118