HomeMy WebLinkAboutRes 16-25 05/06/2025 To Waive The Site Construction Fees Required For The Dimeo Brothers Redevelopment Project For Property Located At 2400 East Oakton Street, Mount Prospect, IllinoisRESOLUTION NO. 16-25
A RESOLUTION TO WAIVE THE SITE CONSTRUCTION FEES REQUIRED FOR THE DIMEO
BROTHERS REDEVELOPMENT PROJECT FOR PROPERTY LOCATED AT
2400 EAST OAKTON STREET, MOUNT PROSPECT, ILLINOIS
WHEREAS, DiMeo Brothers, Inc. (the DiMeo. Brothers) is a construction company seeking to
redevelop the property located at 2400 Oakton Street; and
WHEREAS, on February 6, 2024, the Village Board granted Conditional Use approval to construct a
29,600 square foot combined office/warehouse building and a contractor's storage yard; and
WHEREAS, the property at 2400 Oakton has challenging features and requires additional approvals
not typically needed for developments, making this a costly site to develop; and
WHEREAS, in recognition of the unusual burdens necessary to develop this site and to support
economic development in South Mount Prospect, waiving the Site Construction Fees of $91,875.00
would be beneficial.
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF THE VILLAGE
OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS, PURSUANT TO ITS HOME RULE POWERS:
SECTION ONE: The Board of Trustees of the Village of Mount Prospect do hereby authorize the
waiver of Site
...............
'te Construction Fees required for the DiMeo Brothers Redevelopment Project for the
property located at 2400 East Oakton Street in the amount of $91,875.00.
SECTION TWO: This Resolution shall be in full force and effect from and after its passage and
approval in the manner provided by law.
AYES: Dante, DiPrima, Gens, Grossi, Matuszak, Saccotelli
NAYS: None
ABSENT: None
PASSED and APPROVED this 6th day of May 2025
Paul Wm. Hoefe
ATTEST:
Karen M. Agoranos, illage Clerk