HomeMy WebLinkAboutRes 30-16 08/16/2016 Support of DP Realty Partners Making Application for Extension of 6B Tax AbatementRESOLUTION NO. 30-16
A RESOLUTION IN SUPPORT OF DP REALTY PARTNERS, 2200 SOUTH BUSSE
ROAD, MOUNT PROSPECT, ILLINOIS, MAKING APPLICATION FOR AN
EXTENSION OF 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 industrial properties 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, DP REALTY PARTNERS, has requested the Village of Mount Prospect
support its application for Extension of the Class 6B Real Property Classification at 2200
South Busse 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 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 for the Class 6B Renewal of a property
tax reduction from 25% to 10% for years 1 through 10, 15% in year 11, and 20% in year 12
from Cook County for the Property located at 2200 South Busse Road, and legally
described as:
PARCEL 1:
LOT 1 AND LOT 1A IN THE BUSSE ROAD INDUSTRIAL PARK, BEING A RESUBDIVISION OF LOT 1 IN
BUSSE ROAD SUBDIVISION IN THE EAST 1/2 OF THE SOUTH EAST 1/4 OF SECTION 22, TOWNSHIP 41
NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS.
PARCEL 2:
EASEMENT FOR THE BENEFIT OF PARCEL 1 FOR INGRESS AND EGRESS OVER OUTLOT C, AS SET
FORTH IN DECLARATION OF EASEMENTS, COVENANTS AND RESTRICTIONS RECORDED AS
DOCUMENT 90472386 AND IN PLAT OF BUSSE ROAD INDUSTRIAL PARK RECORDED AS DOCUMENT
90472385 BEING A RESUBDIVISION OF LOT 1 IN BUSSE ROAD SUBDIVISION IN THE EAST 1/2 OF THE
SOUTH EAST 1/4 OF SECTION 27, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL
MERIDIAN, IN COOK COUNTY, ILLINOIS.
PARCEL 3:
EASEMENT FOR THE BENEFIT OF PARCEL 1 FOR STORM WATER DETENTION/RETENTION OVER
OUTLOT A AND OUTLOT B AS SET FORTH IN DECLARATION OF EASEMENTS, COVENANTS AND
RESTRICTIONS RECORDED AS DOCUMENT 90472386 AND IN PLAT OF BUSSE ROAD INDUSTRIAL
PARK RECORDED AS DOCUMENT 90472385 BEING A RESUBDIVISION OF LOT 1 IN BUSSE ROAD
SUBDIVISION IN THE EAST 1/2 OF THE SOUTHEAST 1/4 OF SECTION 27, TOWNSHIP 41 NORTH,
RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS.
2200 S. Busse Road
Class 6B Tax Incentive
PARCEL 4:
A PERPETUAL NON-EXCLUSIVE EASEMENT FOR THE BENEFIT OF PARCEL 1 FOR INGRESS AND
EGRESS FOR TRUCK AND OTHER VEHICLES TO USE AND HAVE ACCESS TO THE LOADING DOCKS
LOCATED ON A PORTION OF LOT 1 IN ABACUS CONSOLIDATION OF LOTS 3,4 AND 5 IN BUSSE ROAD
INDUSTRIAL PARK, AFORESAID, AS SET FORTH IN THE EASEMENT AGREEMENT DATED JUNE 30,
2006 AND RECORDED — AS DOCUMENT NUMBER — MADE BY AND BETWEEN PARK PLACE
PARTNERS, LLC, AN ILLINOIS LIMITED LIABILITY COMPANY AND D&P REALTY PARTNERS LLC, AN
ILLINOIS LIMITED LIABILITY COMPANY.
TAX ID NO.: 08-22-041-059-0000 (Lot 1)
08-22-041-060-0000 (Lot 1A)
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, Polit, Rogers, Saccotelli
NAYS: None
ABSENT: Matuszak, Zadel
PASSED and APPROVED this 16th day of August, 2016.
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Arlene A. Jura
Mayor
7
M. Lisa Angell
Village Clerk
H:\CLKO\WIN\MEMOS\RESOLUTION\Class 6 taxincentive2200sbusseroadaug2016.doc