HomeMy WebLinkAboutRes 10-14 01/21/2014 In Support of Cummins Allison Corp - Application for Extension of 6B Tax AbatementRESOLUTION NO. 10 -14
A RESOLUTION IN SUPPORT OF CUMMINS ALLISON CORPORATION
MAKING APPLICATION FOR AN EXTENSION
OF A 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 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 and
retaining industrial development; and
WHEREAS, Cummins Allison Corporation, has requested the Village of Mount Prospect to support
their application for an Extension of the Class 6b Real Property Classification at 891 Feehanville
Drive; 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 President and Board of Trustees of the Village of Mount Prospect do
hereby support and consent to the application for the Class 6b Property Classification from Cook
County, for the property legally described as follows:
Lot 310 -B in Kensington Business Center Resubdivision VII of Lot 310 in Kensington Center
Phase Three -A, being a part of the Northwest Y4 and the Northeast ' / a of Section 35,
Township 42 North, Range 11, East of the Third Principal Meridian, Cook County, Illinois,
according to the plat thereof recorded May 4, 1981 as document No. 25859082
Permanent Index Numbers: 03 -35- 102 -025
03 -35- 102 -026
SECTION TWO That the Village of Mount Prospect supports industrial growth, increased
employment and economic development, and the "property" is in furtherance of this goal.
SECTION THREE: That this Resolution shall be in full force and effect from and after its passage
and approval in the manner provided by law.
AYES: Hoefert, Korn, Matuszak, Polit, Rogers, Zadel
NAYS: None
ABSENT: None
PASSED and APPROVED this 21 day of January, 2014.
Arlene A. Juracek j
Mayor /
ATTESTr-
M. L isa ngell
Village Clerk