HomeMy WebLinkAboutRes 03-88 01/19/1988
RESOLUTION NO. 3-88
A RESOLUTION IN SUPPORT OF THE STENOGRAPH CORPORATION
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, Stenograph Corporation has requested the Village of
Mount Prospect to support their application for a Class 6b
real property classification; and
WHEREAS, t~e corporate authorities of the Village of Mount
Prospect believe that their request is in the best interest of
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 endorse the application of Stenograph
Corporation for a Class 6b Property Classification from Cook
County, which allows a 16% assessment level for 8 years followed
bya 30% level for the next 4 years for the property identified
in Exhibit "A" attached hereto and hereby made apart hereof.
SECTION TWO: That this Resolution shall be in full force and
effect from and after it passage and approval in the manner
provided by law.
AYES: Arthur, Farley, Flores, Murauskis
NAYS: Van Geem
ABSENT: Wattenberg
PASSED and APPROVED this ~hday of
January
, 1988.
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Carolyn. Krause, Mayor
~~
Carol A. Fields, Village
Clerk
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Lot 1804 in Kensington Center -Resubdivision 21
in part of the Northeast Quarter of Section 35,
Township 42 North" Range 11, East of the Third.
Principal Meridian,- per plat thereof filed for
record in the Office of the Registrar of Titles
April 20, 1988, as L.R. 137 01 855" all in Cook
County, Illinois.