HomeMy WebLinkAboutRes 21-18 05/15/2019 In Support of Mackey Building CorporationRESOLUTION NO. 21-18
A RESOLUTION IN SUPPORT OF
MACKEY BUILDING CORPORATION,
1697 WEST IMPERIAL COURT,
MOUNT PROSPECT, ILLINOIS, MAKING APPLICATION FOR A
RENEWAL 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, Mackey Building Corporation, has requested the Village of Mount Prospect
support its application for Extension of the Class 6B Real Property Classification at 1697
West Imperial Court, 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 1697 West Imperial Court, and legally
described as:
LOT 4 AND THE WEST 40.0 FEET OF LOT 5 IN ALOGONQUIN-BUSSE INDUSTRIAL
PARK, BEING A SUBDIVISION OF PART OF THE WEST HALF OF THE NORTHWEST
QUARTER OF SECTION 23, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD
PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED JULY 29,
1968 AS DOCUMENT 20565713, IN COOK COUNTY, ILLINOIS.
PIN: 08-23-101-034-0000
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: Grossi, Hoefert, Rogers, Saccotelli, Zadel
NAYS: None
ABSENT: Hatzis
PASSED and APPROVED this 15th day of May, 2018.
Arlene A. Juracek
Mayor
Yam
Karen M. Agora os
Village Clerk