HomeMy WebLinkAboutRes 09-17 04/18/2017 In Support of Zeelaid LLC - Making Application for 6B Tax AbatementRESOLUTION NO. 9-17
A RESOLUTION IN SUPPORT OF ZEELAID, LLC,
700 N. BUSINESS CENTER DRIVE, 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 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, Zeelaid LLC, has requested the Village of Mount Prospect support its
application for the Class 68 Real Property Classification at 700 N. Business Center Drive,
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 Tax Incentive from Cook
County for the Property located at 700 N. Business Center Drive and legally described as:
THAT PART OF LOT 7 IN THE NORTH Y2 OF THE NORTHWEST % OF SECTION 35 IN
KENSINGTON CENTER RESUBDIVISION 1 OF LOT 7 IN KENSINGTON CENTER
PHASE 1 AND LOTS 1, 4 AND 5 IN KENSINGTON CENTER PHASE 2, A SUBDIVISION
IN THE NORTHWEST '/A OF SECTION 35 TOWNSHIP 42 NORTH, RANGE 11 EAST OF
THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS
PIN: 03-35-104-009-0000
and
LOT 7 (EXCEPT PART IN THE NORTH'/2 OF THE NORTHWEST % SECTION 35) IN
KENSINGTON CENTER RESUBDIVISION 1 OF LOT 7 IN KENSINGTON CENTER
PHASE 1 AND LOTS 1, 4, AND 5 IN KENSINGTON CENTER PHASE 2, A SUBDIVISION
IN THE NORTHWEST % OF SECTION 35 TOWNSHIP 42 NORTH, RANGE 11 EAST OF
THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS
PIN 03-35-104-010-000
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, Matuszak, Polit, Rogers, Saccotelli, Zadel
NAYS: None
ABSENT: None
PASSED and APPROVED this 18TH day of April, 2017.
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Arlene A. Juracek
Mayor
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Karen M. Agoranos
Deputy Village Clerk