HomeMy WebLinkAboutRes 48-21 12/14/2021 In support of Cloudhq LLC, and/or its affiliate tur venture LLC's , application for a Cook County Class 6B TAx Assessment Classification for the property located at 1200 E. Algonquin Road and 1200 Dempster Street, Mount Prospect, ILRESOLUTION NO. 48-21
A RESOLUTION IN SUPPORT OF CLOUDHQ LLC, AND/OR ITS AFFILIATE TUR VENTURE LLC'S,
APPLICATION FOR A
COOK COUNTY CLASS 6B TAX ASSESSMENT CLASSIFCATION FOR THE
PROPERTY LOCATED AT 1200 E. ALGONQUIN ROAD AND
1200 CDEPSTER STREET MOUNT PROSPECT 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 Class 6B real property tax assessment classification, the
Village of Mount Prospect is at a competitive disadvantage with the neighboring counties of
Lake and DuPage in attracting industrial development; and
WHEREAS, Cloud HQ LLC, and/or its affiliate Tur Ventures LLC ("CloudH "),requested the Village
of Mount Prospect support its Eligibility Application for a Class 6B real property tax assessment
classification at 1200 E. Algonquin Road and 1200 Dempster Street, Mount Prospect, Cook
County (Property) ; and
WHERAS, CloudHQ proposes to redevelop the Property for an industrial use; 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 CloudHQ's
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 above Recitals are expressly incorporated by this reference as if fully
set forth in this Resolution.
SECTION TWO: That the Mayor and Board of Trustees of the Village of Mount Prospect do
hereby find the Class 6B assessment classification necessary for the development to occur on
the Property and support and consent to CloudHQ's Cook County Class 6B Eligibility Application
reducing the assessment level of the Property from 25! to 10% for years 1 through 10, 15% in
year 11, and 20% in year 12, such Property being legally described as:
PARCEL 1: (MAIN CAMPUS)
LOT 1 IN FRIEDRICH BUSSE, JR. DIVISON OF LAND IN SECTION 23, TOWNSHIP 41 NORTH, RANGE
11, EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCOURDING TO THE PLAT THEREOF RECORDED
FEBRUARY 20, 1911 AS DOCUMENT 4709799, EXCEPT (A) THAT PART OF SAID LOT 1 TAKEN FOR
HIGHWAYS, AND (B) THAT PART FALLING IN BLUE SKY SUBDIVISION ACCORDING TO THE PLAT
THEREOF, RECORDEDJUNE 5,2014 AS DOCUMENT NO. 1415616048, IN COOK COUNTY, ILLINOIS
CloudHQ 6B Res.
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PARCEL 2: (SUBSTATION PACEL)
THE WEST 363.00 FEET OF LOT 2 IN LINNEMAN'S DIVISOIN OF PART OF THE NORTHEAST % OF
SECTION 23, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, AND
PART OF THE SOUTHEAST % OF SECTION 14, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE
THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED SEPTEMBER 10,
1953 AS DOCUMENT NO. 15716544, IN COOK COUNTY, ILLINOIS
PARCEL 3: (SUBSTATION PARCEL)
THE NORTH 120.00 FEET OF THE WEST 363.00 FEET OF LOT 3 IN LINNEMAN'S DIVISION OF
PART OF THE NORTHEAST % OF SECTION 23, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE
THIRD PRINCIPAL MERIDIAN, AND PART OF THE SOUTHEAST % OF SECTION 14, TOWNSHIP 41
NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT
THEREOF RECORDED SEPTEMBER 10, 1953 AS DOCUMENT NO. 15716544, IN COOK COUNTY,
ILLINOIS
PINS: 08-23-100-018-0000 (PARCEL 1) -AND 08-23-200-052-0000 (PARCELS 2 AND 3)
SECTION THREE: That the proposed redevelopment of the Property for an industrial use
supports the industrial growth, increased employment, and economic development objectives
of the Village of Mount Prospect.
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 14th day of December,
Paul Wm. Hoefert
Mayor
ATTEST:
Karen M. Ag oranos .....
Village Clerk
CloudHQ 6B Res.
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