HomeMy WebLinkAboutRes 45-21 12-07-2021 In support of seefried Industrial Properties, Inc.'s application for a Cook County Class 6B Tax Incentive forthe property located at 2240 S. Busse RoadRESOLUTION NO. 45-21
A RESOLUTION IN SUPPORT OF SEEFRIED INDUSTRIAL PROPERTIES, INC. -S
APPLICATION FOR A COOK COUNTY CLASS 6B TAX INCENTIVE FOR THE
PROPERTY LOCATED AT 2240 S. BUSSE ROAD
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, Seefried Industrial Properties, Inc has requested the Village of
Mount Prospect support its application for the Class 6B Real Property
Classification at 2240 S. Busse, Mount Prospect, Cook County (Property) ; 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 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:
SM1914 M; 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 Tax
Incentive 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 2240 S. Busse Road and legally described as:
THAT PART OF THE EAST HALF OF THE SOUTHEAST QUARTER OF SECTION
22, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL
MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE INTERSECTION
OF THE NORTHERLY LINE OF THAT PART OF SAID EAST HALF CONVEYED TO
THE ILLINOIS STATE TOLL HIGHWAY COMMISSION BY DOCUMENT NUMBER
167525078 WITH THE EAST LINE OF SAID SOUTHEASTERN QUARTER;
THENCE NORTHERLY ALONG SAID EAST LINE 747.86 FEET TO THE
SOUTHEAST CORNER OF THE NORTH 16 1/2 FEET OF THE SOUTH 20 ACRES
OF THE NORTH 40 ACRES OF THE EAST HALF OF THE SOUTHEAST
QUARTER; THENCE WESTERLY ALONG THE SOUTH LINE OF SAID NORTH
6b Seefried res pg. 1 of 2
LINE 16 1/2 FEET, A DISTANCE OF 729.09 FEET TO THE NORTHERLY LINE OF
THAT PART CONVEYED TO THE ILLINOIS STATE TOLL HIGHWAY
COMMISSION AS AFORESAID; THENCE SOUTHEASTERLY ALONG SAID
NORTHERLY LINE 1038.98 FEET TO THE PLACE OF BEGINNING. (EXCEPTING
THEREFROM THE EAST 49.75 FEET THEREOF) CONTAINING 5.433 ACRES IN
COOK COUNTY, ILLINOIS
PIN: 08-22-401-019-0000
MCIM • That the Village of Mount Prospect supports industrial growth,
increased employment and economic development and 2240 S. Busse Road is
in furtherance of this goal.
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 7th day of December, 2021
i
m. Hoe ert
y
ATTEST:
Karen M. Agoranos
Village Clerk
6b Seefried res pg. 1 of 2