HomeMy WebLinkAboutRes 43-20 10/06/2020 Sun Process Converting, Inc's application for a renewal of a class 6B incentive for their property located at 1660 Kenneth Dr., MPRESOLUTION NO. 43-20
A RESOLUTION IN SUPPORT OF
SUN PROCESS CONVERTING, INC'S APPLICATION FOR A RENEWAL OF A
CLASS 6B INCENTIVE FOR THEIR PROPERTY LOCATED AT
16610 KENNETHTRIY�E MOUNT P 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 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, Sun Process Converting, Inc, has requested the Village of Mount
Prospect support its application for Renewal of the Class 6B Real Property
Classification at 16610 Kenneth 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 OTw. 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 1660 Kenneth Drive and legally described as:
PARCEL A:
THE EAST 90.00 FEET OF THE WEST 662.08 FEET OF THE NORTH 10 ACRES
OF THE SOUTH 15 ACRES OF THE WEST HALF OF THE NORTHWEST CORNER
OF SECTION 23, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD
PRINCIPAL MERIDIAN, (EXCEPT THAT PART THEREOF AS DEDICATED FOR
KENNETH DRIVE PER DOCUMENT NUMBER 20950179, RECORDED
SEPTEMBER 5, 1969), IN COOK COUNTY, ILLINOS.
PARCEL B:
LOTS 2 AND 3 IN LAICH'S SUBDIVISION OF THE NORTH 10 ACRES OF
THE SOUTH 15 ACRES OF THE WEST 1/20F THE NORTHWEST 1/40F
SECTION 23, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD
PRINCIPAL MERIDIAN, (EXCEPT THAT PART THEREOF AS DEDICATED
FOR KENNETH DRIVE AND ALSO EXCEPT THE WEST 662.08 FEET
THEREOF) (ACCORDING TO THE PLAT THEREOF, RECORDED APRIL 18,
1979 AS DOCUMENT NUMBER 24924195), IN COOK COUNTY, ILLINOIS
Property +r • 08-23-101-052-0000,, 08-23-101-060-0000;
goal.SECTION TWO: ' That the Village of Mount Prospect supports industrial growth,
increased employment and economic development and the ""property" is in
furtherance of this
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, Hatzis, Hoefert, Rogers, 5accotelli, Zadel
a
Arlene A. Jura k
Mayor
Karen M. Agorano
Village Clerk