HomeMy WebLinkAboutRes 05-06 02/07/2006
RESOLUTION NO. 5-06
A RESOLUTION IN SUPPORT OF OPUS BRIARWOOD, LLC
MAKING APPLICATION FOR COOK COUNTY CLASS 6B TAX ABATEMENT FOR
601 DEMPSTER STREET, MOUNT PROSPECT, COOK COUNTY, ILLINOIS
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 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, Opus Briarwood, LLC, has requested the Village of Mount Prospect to support
its application for a Class 6B Real Property Classification at 601 Dempster Street, Mount
Prospect, Cook County (the "Subject Property"); and
WHEREAS, the corporate authorities of the Village of Mount Prospect believe that this
request is in the best interest of the economic development in the Village of Mount
Prospect.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE PRESIDENT AND BOARD
OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ACTING
IN THE EXERCISE OF THEIR HOME RULE POWERS:
SECTION ONE: That the Village President and Board of Trustees of the Village of Mount
Prospect do hereby support and consent to the application of Opus Briarwood, LLC, for a
Class 6B Property Classification from Cook County, which allows a 16% assessment level
for the first 10 years, 23% in the 11 th year and 30% in the 1 ih year for the Subject Property
located at 601 Dempster Street, and legally described as follows:
LOT 12,13,14,15,16 AND THE WESTERLY 141 FEET OF LOTS 6 AND 7 IN
ELMHURST ALGONQUIN INDUSTRIAL PARK, UNIT NO.1 BEING A
RESUBDIVISION OF PART LOT 3 IN LINNEMAN'S DIVISION IN SECTION 23,
TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN,
ACCORDING TO THE PLAT THEREOF RECORDED FEBRUARY 20,1967, IN THE
OFFICE OF THE RECORDER OF DEEDS OF COOK COUNTY, ILLINOIS AS
DOCUMENT 20409120,
ALSO
THAT PART OF THE NORTH 537 FEET OF THE WEST 811.30 FEET, AS
MEASURED ON THE WEST AND NORTH LINES THEREOF, OF LOT 3 IN
LINNEMAN'S DIVISION OF THE SOUTH 3/4 OF THE EAST HALF OF THE NORTH
EAST QUARTER AND THE WEST HALF OF THE NORTHEAST QUARTER OF
SECTION 14, TOWNSHIP 41 NORTH, RANGE EAST OF THE THIRD PRINCIPAL
MERIDIAN, LYING SOUTH AND WEST OF THE FOLLOWING DESCRIBED LINE:
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COMMENCING AT THE INTERSECTION OF THE WEST LINE OF SAID LOT 3 AND
A LINE LYING 120.00 FEET SOUTH OF AND PARALLEL WITH THE NORTH LINE
OF SAID LOT 3; THENCE SOUTH 00 DEGREES 46 MINUTES 17 SECONDS EAST
ALONG AN ASSUMED BEARING, BEING THE WEST LINE OF SAID LOT 3 A
DISTANCE OF 150.00 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89
DEGREES 13 MINUTES 43 SECONDS EAST 360.00 FEET; THENCE SOUTH 00
DEGREES 46 MINUTES 17 SECONDS EAST PERPENDICULAR WITH THE LAST
DESCRIBED LINE 190.57 FEET; THENCE NORTH 89 DEGREES 13 MINUTES 43
SECONDS EAST PERPENDICULAR WITH THE LAST DESCRIBED LINE 854.93
FEET; THENCE SOUTH 49 DEGREES 19 MINUTES 00 SECONDS EAST 103.54
FEET TO A POINT ON THE SOUTH LINE OF THE NORTH 537 FEET OF SAID LOT 3
(AS MEASURED ALONG THE WEST LINE THEREOF), SAID POINT BEING 525.59
FEET EAST OF THE WEST LINE OF SAID LOT 3 (AS MEASURED ALONG SAID
SOUTH LINE OF THE NORTH 537 FEET) SAID POINT ALSO BEING THE POINT OF
TERMINUS, IN COOK COUNTY ILLINOIS.
and further identified by Permanent Index Numbers part of 08-23-200-049 and part of 08-
23-200-050.
SECTION TWO: That the Village of Mount Prospect supports industrial growth, increased
employment and economic development and this proposed development is in furtherance
of this goal. The Board of Trustees of the Village of Mount Prospect further finds that this
incentive is necessary for development to occur on the Subject Property.
SECTION THREE: That development of the Subject Property is subject to compliance with
all requirements of the 1-1 limited Industrial District.
SECTION FOUR: That this Resolution shall be in full force and effect from and after its
passage and approval in the manner provided by law.
AYES: Corcoran, Hoefert, Korn, Lohrstorfer, Skowron, Zadel
NAYS: None
ABSENT: None
PASSED and APPROVED this yth day of February, 2006.
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ATTEST:
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M. Lisa Angell, Village lerk
H:\CLKO\files\WIN\RES\BrialWood 6b resolution for 601 Dempster.doc
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