HomeMy WebLinkAboutRes 39-21 11/02/2021 In Support of Avery Dennison Corporation making application for a Cook County Class 6B Tax Incentive for the property located at 902 Feehanville Drive, Mount Prospect, IllinoisRESOLUTION NO. 39-21
A RESOLUTION IN SUPPORT OF AVERY DENNISON CORPORATION MAKING
APPLICATION FOR A COOK COUNTY CLASS 6B TAX INCENTIVE
FOR THE PROPERTY LOCATED AT
902 FEEHANVILLE DRIVE MOUNT PROSPECT ILLINOIS
WHEREAS, the Village of Mount Prospect encourages community development to
provide for economic growth and career opportunities; and
WHEREAS, the Village of Mount Prospect desires to promote and preserve industrial
uses in the Village; 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, Avery Dennison Corporation has requested the Village of Mount Prospect
to support its application for the Class 6B Real Property Classification for property
located at 902 Feehanville Drive, Mount Prospect; and
WHEREAS, Avery Dennison Corporation intends to expand the existing property by
13,825 square feet and renovate 8,715 square feet of the existing property located
at 902 Feehanville Drive; and
WHEREAS, an Economic Disclosure Statement has been received and filed by the
Village of Mount Prospect; and
WHEREAS, the corporate authorities of the Village of Mount Prospect believe that
Avery Dennison Corporation's request is in the best interest of the economic
development in the Village of Mount Prospect; and
WHEREAS, the Village of Mount Prospect supports and consents to the filing of a
Class 6B Real Property Classification by Avery Dennison Corporation with the
understanding that any occupant of the Property must meet the Class 6B Real
Property Classification qualifications for industrial warehousing, manufacturing
and/or distribution uses; and
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 Real
Class 6b Avery Dennison page 1 of 2
Property Classification from Cook County for the Property located at 451 Kingston
Court and legally described as:
LOT 307 IN KENSINGTON CENTER -RESUBDIVISION VIII, BEING A RESUBDIVISION
OF LOTS 303, 305 AND 307 IN KENSINGTON CENTER -PHASE THREE -A, IN PART OF
THE NORTHWEST 1/4 OF SECTION 35, TOWNSHIP 42 NORTH, RANGE 11, EAST OF
THE THIRD PRINCIPAL MERIDIAN, AS PER PLAT RECORDED JUNE 22, 1982 AS
DOCUMENT NUMBER 26268098, IN COOK COUNTY, ILLINOIS
PIN: 03-35-104-029-0000
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 the Village of Mount Prospect has determined that the Class
6B Real Property Classification is necessary for development to occur on the Property
and without such designation the industrial enterprise would not be economically
viable causing the Property to be in imminent risk of remaining vacant and unused.
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: Filippone, Gens, Matuszak, Pissarreck, Rogers, Saccotelli
NAYS: None
ABSENT: None
PASSED and APPROVED this 2"D day of November, 2021
ATTEST:
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Karen Agoranos
Village Clerk
Class 6b Avery Dennison page 2 of 2