HomeMy WebLinkAbout6.7 A RESOLUTION IN SUPPORT OF O'HARE IL INDUSTRIAL, LLC'S APPLICATION FOR A RENEWAL OF A COOK COUNTY CLASS 6B TAX INCENTIVE FOR THE PROPERTY LOCATED AT 501 W. ALGONQUIN ROADMORA
r
Item Cover Page
Subject A RESOLUTION IN SUPPORT OF O'HARE IL INDUSTRIAL, LLC'S
APPLICATION FOR A RENEWAL OF A COOK COUNTY CLASS 6B
TAX INCENTIVE FOR THE PROPERTY LOCATED AT 501 W.
ALGONQUIN ROAD
Meeting June 2, 2026 - REGULAR MEETING OF THE MOUNT PROSPECT
VILLAGE BOARD
Fiscal Impact (Y/N)
Dollar Amount
Budget Source
Category
Type
Information
N
CONSENT AGENDA
Action Item
O'Hare IL Industrial, LLC (Applicant) is seeking support for a renewal of their Cook County
Class 613 Incentive for the property located at 501 W Algonquin Road. The incentive would be
for 12 years and would enable the applicant to retain their two tenants, Condor Trans, Inc.
and Lapmaster International, LLC.
Discussion
The Village has granted several Cook County Class 6B tax incentives to attract and retain
businesses. The 613 incentive reduces the assessment level for qualified manufacturing and
warehouse/distribution facilities from 25% to 10% for the first 10 years, then increases from
10% to 15% for year 11, and increases from 15% to 20% in year 12. The benefiting property
returns to the full 25% assessment value after year 12. The 613 incentive can be renewed for
additional 12-year terms if supported by the Village.
The Subject Property contains an almost 63,000 square foot building on an almost 3-acre site.
The property is 100% leased to Condor Trans, Inc, a distribution company that occupies more
than 21,000 square feet with 2-8 employees on site and 50 drivers in the field, and Lapmaster
International, LLC, who occupies the remaining 42,000 square feet specializing in precision
surfacing and honing. Lapmaster employs 82 people, of which 42 work at the Mount Prospect
facility. The initial approval of the 613 classification supported wall configuration, HVAC
improvements, parking lot renovations, and other operational improvements. Ownership has
invested more than $400,000 into the property since 2023 and has another $125,000
programmed for 2026 for planned warehouse lighting improvements.
The applicant is requesting the 613 incentive to maintain their property tax rate at around
$1.50 per square foot. The applicant estimates that their tax bill would rise to $3.50 per
square foot if the extension is not granted. Similar properties in Lake and DuPage counties
range from $1 to $1.50 per square foot. Staff reviewed the submitted application and is
supportive of the request.
Alternatives
1. Approve the resolution supporting O'Hare IL Industrial, LLC's application for a renewal of a
Cook County Class 6B Incentive for the property located at 501 W. Algonquin Road.
2. Action at the discretion of the Village Board.
Staff Recommendation
Staff recommends the Village Board approve the resolution supporting O'Hare IL Industrial,
LLC's application for the renewal of their Cook County Class 6B incentive for the property
located at 501 W. Algonquin Road.
Attachments
1. 501 W. Algonquin (O'Hare IL Industrial, LLC) 5.4.2026
2. Class 6b Resolution (O'Hare IL Industrial, LLC - 501 W. Algonquin)
LEONAKD F. AMARf
fOSEPH E LOCALLO. TR.
J0_ HN G. LOCALLO
ANTHONY M. FARACE
FRANCO A. COLT DIPIETRQ
KATHERINE A. O'DET-L
JOSEPH F. LOCALLO. III
VESNA MARIJSIC`
C)ANTEL R. LYNCH
VINCFNT A. Cif PEDISANO
LAW OFFICES
AMAR-1 C6 I_ CA
734 NORTH WELLS STREET
CHICA(DO, TLLTNOTS, 60654
TELEPHONE (312) 255-8550
FACSIMILE (312) 255-8551
www. amariandlocallo. com
236 WEST LAKE STREET, SUITE 100
BLOC)MINGDALE, ILLINOIS 60108
TELEPHONE (630) 307-3700
FACSIMILE (630) 307-3737
Mr. Jason C. Shallcross, AICP, CEcl)
Director of Community & Economic Development
Village of Mount Propect, 1160056
RE: Request for a 613 Real Estate Tax Incentive Renewal
501 W. Algonquin, Mount Prospect, IL
08-23-401-030-0000
Dear Mr. Shallcross,
OF COUNSEL
RICHARD J. CALDARAZZO
MICHAEL V. FAVIA
BRYAN P. LYNCH
BRUNO J. TASSONE
We are writing to fon-nally request the renewal of the Class 613 real estate tax incentive for the industrial
property located at 501 W. Algonquin Road in Mount Prospect.
The property consists of two units totaling 62,494 square feet and has remained actively utilized for
industrial purposes. The property is currently occupied by two tenants. Condor Trans, Inc is a distribution
company that occupies 21,262 square feet. We estimate that 2-8 employees work on site and they also have
approximately 50 drivers. The other tenant is Lapmaster International, LLC who occupies the remag
42,232 square feet. Lapmaster International, LLC is a company that specializes in precision surfacing and
honing. They have a total of 82 employees, of which 42 work at the Mount Prospect facility. More
information about both tenants can be found in the enclosures.
Since the al approval of the 613 classcation, the incentive has played an important role in supporting
a 10
ongoing investment in the facility, maintaining occupancy, and preserving local employment opportunitie
Ownership has continued to reinvest in the property through building upgrades, maintenance, an
operational enhancements to ensure it remains a productive and competitive industrial asset within th
Village. In late 2024 / early 2025 ownership spent over $113,000 to divide the building into 2 units t
accommodate space Condor Trans, Inc. The renovation included reconfiguring walls, a new HVAC uni
and parking pavement. Ownership is currently in phase 3 of 5 for parking lot renovation. They have spe
over $400,000 since 2023 and have another $125,000 budgeted for 2026. The next major upgrade will b
converting the warehouse lighting to LED.
As the current incentive ten-n approaches expiration, renewal of the 6B classification is essential to sustai
these efforts. The continuation of this incentive will help maintain existing tenants, support stabl
occupancy, encourage further capital improvements, and promote long-term economic stability at the sit]
Without renewal., the increased tax burden may hinder our ability to continue reinvestment at the same level
and could impact tenant retention.
We remain committed to the Village of Mount Prospect and to maintaining the property as a high -quality
industrial facility that contributes positively to the local tax base and business community.
We respectfully request the Village's support in approving the renewal of the Class 6B designation for this
R�roperty. Enclosed please find the Cook County Renewal Application for your review. Kindly review and
let us know if any additional information is required.
spect
e, Ili F. Lbeallo, IT]
tari & Locallo
VILLAGE MANAGER
Michael J. Cassady
Arle-ne A. Turaeek.
J
TRUSTEES
' ILtAGE CLERK
Paul Wrn. Hoefert
u
M. Lisa Angell
John j,Matuszak
Phone: ��,�3�2-} 00
Steven S.�'�ali.t
.�
Fax: 8�'i�3��-6r022
Richard 1~ . Rogers
T�rl�. ���'J�9,�-���i�
ColleenE, accc�fielli
��j(�rv,moicr�t,Pr�1t ��
Michael A. �,aclel
,�
Village of Mo
50 South Emerson Street, Mount Prospect, 111i -Lacs 60056
STATE OF ILLINC}IS )
} SS
COUNTY OF COCK )
I, M. Lisa Angell, do hereby certify that I am the duly appointed Village Clerk of theVillage of Mount
Prospect and as such, am keeper of the records and files of said Village.
e.
I do further certify that attached hereto is a true and correct copy of Resolution No. 68-16, "A
RESOLUTION UTION IN SUPPORT CAP LAPMA TER, LLc, 661 WEST A.LGONQUIN MAKING
APPLICATION FOR COOK COUNTY CLASS 6B PROPERTY TAB. INCENTIVE passed at the regular
meeting y of the Mayor and Village Board of Trustees held March 1, 2016, as it appears in the official
records and fibs of the 'pillage of Mount Prospect.
Gated this 16t" day of March, 2016.
I
M. Lisp Angell �
Village Clerk
Village of Mount Prospect
Cook county, Illinois
(seal)
A► RESOLUTION IN SUPPORT OF LAF'MA TER LLc,
01 WEST ALGONQUiN ROAD, MOUNT PROSPECT, ILLI OI ,
MAKING APPLICATION FOR AN
EXTENSION OF COOK COUNTY CLASS 0B TAX BATEMENT
WHEREAS, the Village of Mount Prospect encourages community development to provide
for econornic 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, LAPMA, T R LLC, has requested the Village of Mount Prospect support its
application for Extension of the. class 613 Real Property Classification of 501 West
Algonquin load, Mount Prospect, cook county (Property); and
WHEREAS, the corporate authorities of the Village of Mount Prospect believe that their
request is in the beat 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 Mayor and Board of Trustees of the Village of Mount Prospect
do hereby support and consent to the application for the glass 613 renewal from Cook
County for the Property located at 501 West Algonquin Road and [egaliy described as:
LOT ONE , IN I EOLYN PLASTICS, INC. SUBDIVISION OF THE NORTH 683.46 FEET
OF THAT PART OF THE NORTH EAST QUARTER. OF SECTION , TOWNSHIP 41
NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, LYING WEST of
THE EASE" 20 ACRES OF SAID NORTH EAST QUARTER OF THE SOUTH EAST
QUARTER, IN COOK COUNTY, ILLINOIS.
SECTION T`' +1+ That the Village of Mount Prospect supports industrial growth, increase
ernployrr ent and economic development and the "property" is in furtherance of this goal.
SECTION THREE: That this Resolution shaIJ be in full force and effect from and after it
passage and approval in the manner provided by law. i
AYES: Hoefertl Matuszak, Polit, Rogers, Saccotelli, Zadel
NAYS: None
ABSENT., Juracek
.�,,ASSED and APPROVED this I day of March, 2016.
114 W - I" LWI
Q - -
RE'
lNEWAL APPLICATION
COOK COUNTY AsSESSOR'S OFFICE
U00K COUNTY AsSESSOR 118 NORTH CLARK STREET, CHICAGO, I L 6060,
PHONE: 312.443.7550 FAx: 312.603.6584
FRITz KAEGI lee VMW.COOKCOUNTYASSESSOR.COM
CLASS 6138 Control Number
RENEWAL APPLICATION
A certified copy of the resolution or ordinance obtained from the municipality in which
the real estate is located, or from the Cook County Board of Commissioners if located
in an unincorporated area, must accompany this Renewal Application. This
application, resolution and a filing fee of $1000.00 must be filed. For assistance in
preparing this Renewal Application, please contact the Cook County Assessor's
Office Development Incentives Department at (312) 603-76290
Name: O'Hare I "I L Industrial, LLC Telephone: .. . . . ......................
Address:
City, State: Zip Code:
Email Address:
Agent/Be .presentative jjLgnyj
Name: Joseph Locallo, III I Telephone: (312 255-8550
Address: c/o Amari & Locallo, 734 N. Wells
Chicago, IL
City, State. Zip Code: 11 60625
Email Address: jfliii@amari-locallo.com___,
-.11111111111111111.11-11 "1 =11MOMRM
Street address: 501 W. Algonquin Road
City, State: Mount Prospect IL ... Zip Code: 1. 60056
Permanent Real Estate Index Number (s): 08-23-401-030-0000
Township: Elk Grove--,----,,,,
W
RAM L-IL
Attach a current and complete list of all owners, developers, occupants and other
interested parties (including all beneficial owners of a land trust) identified by names and
addresses, and the nature and extent of their interest.
Attach legal description, site dimensions and square footage, and building dimensions
and square footage.
IV. PrMff!K-Use See attachei-
Attach a current and detailed description of the precise nature and extent of the use of
the subject property, specifying in the case of multiple uses the relative percentages of
ALach use.
If there have been any changes from the original application, include current copies of
materials which explain each occupant's business, including corporate letterhead,
brochures, advertising material, leases, photographs, etc.
I's I -
Indicate the nature of the original development receiving the Class 613/7/8 designatioi
[ ] New Construction
[ J Substantial Rehabilitation
[ ] Occupation of Abandoned Property - Na Special Circumstance
[x Occupation of Abandoned Property -With Special Circumstance
V1. Emplo ment
How many permanent full-time and part-time employees do you now employ.?
On -Site: Full-time: Part-time:
I N
In Cook County: Full-time: 6Z Part-time:
A certifiedGopy of a resolution or ordinance from the municipality in which the real estate
is located (or the County Board, if the real estate is located in an unincorporated area)
must accompany this renewal. The ordinance or resolution must expressly state that the
municipality supports and consents to this Class 6B/7/8 Renewal and has determined
that the industrial use of the property is necessary and beneficial to the local econorny,,
K
Geoffrey S. Schnipper, CCIM the undersigned, certify that I have read this
Renewal Application and that the statements set forth in this Renewal Application and in
the attachments hereto are true and correct, except as those matters stated to be on
information and belief and as to such matters the undersigned certifies that helshe
believes the same to be true.
Signature
Geoffrey S. Schnipper, CCIITI
Print Name
4/21/2026
Date
Vice President - Porfolio Management Company, Glen Una Managemen!
TRIe
OZ-�a/2'020
[ This page is intentionally blan-k I
INVESTMENT
->r
un
ui
go
z
co
41l
IN
J(N
g
fJ
too
*V
r—
U")
IM
E
>
00,
M
�0-
jm
Ln
CA
VIC
to
C6
Uj
Nr tn
"
r=4
C:3
to "D,
eq
all,
LO V)
CL
2)'
E
08
CL
Oro rco rco.
m
to
2-1 V ry b
U r4
II
11
Ln LA Ln
4L
Ln
%Z
Ln �4qJ
enf,
V-4
i
V
CL
b
—a
cn
m
w-4 -f
c—
Ln czi
ILI
Ln 'N
r CL
it
o it
'S _v CA.
Lo
o it
U
Ln
cm
11 �
'IF :-V ,
1:
Ln LM
...................
"1 .1
!2 4 W
CL
6 T� -C
B P.,�AL ESTATE TAX ANALYSIS
Real Estate Tax Projection for
Sol W Algonquin Rd
Mount Prospect, IL 60056
With Class 6B -
Year
Market Value, LOA
AssesaMen
MultiRlier Tax Rate
Real Estate Tax
2026
$4,774,160
10%
477,416
3.0659
8.924%
$130,619
2027
$4,774,160
10%
477,416
3.0690
8.933%
$130,881
2028
$5,251,576
10%
525,158
3.0720
8.942%
$144,257
2029
$5,251,576
10%
525,158
3.0751
8.951%
$144,546
2030
$5,251,576
10%
525,158
3.0782
8.960%
$144,835
2031
$5,776,734
10%
577,673
3.0813
8.969%
$159,637
2032
$5,776,734
10%
577,673
3.0843
8.978%
$159,957
2033
$5,776,734
10%
577,673
3.0874
8.987%
$160,277
2034
$6,354,407
10%
635,441
3.0905
8.996%
$176,657
2035
$6,354,407
10%
635,441
3.0936
9.004%
$177,011
2036
$6,354,407
15%
953,161
3.0967
9.014%
$266,047
2037
$6,989,848
20%
1,397,970
3.0998
9.023%
$390,983
TOTAL RE TAX;
$2,1850706
Without Class 6B -
Year
Market Value LOA
Assessment
Multiplier Tax Rate
R2AI Estate Tax
2026
$4,774,160
25%
1,193,540
3.0659
8.924%
$326,552
2027
$4,774,160
25%
1,193,540
3.0690
8.933%
$327,205
2028
$51251,576
25%
1,312,894
3.0721
8.942%
$360,646
2029
$5,251,576
25%
1,312,894
3.0751
8.951%
$361,368
2030
$5,251,576
25%
1,312,894
3.0782
8.960%
$362,091
2031
$5,776,734
25%
1,444,183
3.0813
8.969%
$399,097
2032
$5,776,734
25%
1,444,183
3.0844
8.978%
$399,895
2033
$5,776,734
25%
1,444,183
3.0875
8.987%
$400,696
2034
$6,354,407
25%
1,588,602
3.0906
8.996%
$441,647
2035
$6,354,407
25%
1,588,602
3.0936
9.004%
$442,531
2036
$6,354,407
25%
1,588,602
3.0967
9.014%
$443,416
2037
$6,989,848
25%
1,747,462
3.0998
9.023%
$488,734
JQI&L RE TAX:
$4,763,878
The following estimates are based on the current 2025 market value for the subject
property for 2026 and 2027. The property will be reassessed in 2028 12031 12034 / 2037. The
reassessment market values have not been established by the Assessor's Office.
We have estimated a 10% increase in the market value of the building in each
reassessment year. The tax rates and multipliers are all estimates based on the 2024 rates,
adjusting each year at a slight increase to account for any changes.
Without Class 6B -
VACANT
Year
Market Value LOA
Assessment
Multiplier Tax Rate
Real Estate Tax
2026
$4,774,160
25%
396,500
3.0659
8.924%
$108,482
2027
$4,774,160
25%
396,500
3,0690
8.933%
$108,699
2028
$5,251,676
25%
420,370
3.0721
8.942%
$115,474
2029
$5,251,576
25%
420,370
3.0751
8.951%
$115,705
2030
$5,251,576
25%
420,370
3.0782
8.960%
$115,936
2031
$5,776,734
25%
446,628
3.0813
8.969%
$123,425
2032
$5,776,734
25%
446,628
3.0844
8.978%
$123,672
2033
$5,776,734
25%
446,628
3,0875
8.987%
$123,919
2034
$6,354,407
25%
475,512
3.0905
8.996%
$132,197
2035
$6,354,407
25%
475,512
3.0936
9.004%
$132,462
2036
$6,354,407
25%
475,512
3.0967
9.014%
$132,727
2037
$6,989,848
26%
5071285
3.0998
9.023%
$141,879
TOTAL RE TAX:
$1,474,576
The following estimates are based on the current 2025 market value for the subject
property for 2026 and 2027. We started with the current market value and applied a 26% LOA
to determine the total assessment. We utilized the land assessment of 197,240. In determining
the Improvement assessment, we subtracted the land assessment of 197,240 from the total
assessment. We then applied a 20% occupancy factor to the improvement assessment to
reflect as if the property were 100% vacant. We have estimated a 10% increase In the
market value of the building in each reassessment year (2028 / 2031 / 2034 / 2037).
The tax rates and multipliers are all estimates based on the 2024 tax rates, adjusting
each year at a slight increase to account for any changes.
gwkl 10
x Iva
'UNOFFICIAL COP'Y--:-. 1�
ThIA fiistrdt�a ' ent prepirkl lky"
Mthony V. Casxvibj Esq,
Schain, nks, Kenhy & SC'hW'art4'L1d.
70 W. Madis-on St,-Slc, 5300
Chicago, llli,�O'ls 00602
After tecordmig mtu ' ra to:
LMA Law, LLP"
W.Seth Matket Stru'tv S Bite te 140.0
-sanjuse Calintfornia 113-
Attft: Q�
yr orana
shaon -Brannon
cla Clan Um Mallagti yy""Compad Inc.
Y,
3701 Executive Conter'
., tin, Ttx� 7873 1,
Doc # r"(S4 84 S 109 Fee $46. W
Rjtp rEE: A .tya 4W M-1 S1,00
lyw�m R.VApoow
CoOK 04STI MAMA. Of tEf"
OAiE: 12MAY7017 11 '30 P11
`j/1"',
TY IYEED
This S'Pecial Warranty. Detd1s, made this/ da of D%_ e bv -17, by and bctwccn CHP
y m 20
l"il'NOINLLC, an 1111nos li"mIted labiitV"ipany(thGranf0ehavilig0 S 6f $70
N' U S Lj� c
W. Erie. Unit, 2.20, Chicago, Illinois, 60654 and I
ILLINOIS 1) TRIA nt A
0 lo
I've
Ddr
elaware liris ited'I'labi lity cotpany (the 'Grantee), havi,, address of clo Glen Uv Managemont
Co mp a n y, I n e.,, 3 701 Fx ec 0 ve C renter D ril v e I 10, A usl j I il"'.-Is 7 SL 7 3 1.
WIC"` ESSETH, that. Grantlo'r, for and.'iri conside-ration o�-,thq gbm of Tc� and Nc4I 00 Dollars'
AV,
06""b""y G�eante,(; ow, receipt and
($10.00) and other good and valuable cbnsideration, in' nand pa q,-, �� A""y#` 1 7
suMclency whereof is 4crebq acknowkdged, by these Prese'lits does", REMISE, RELEA$E',r
ALWN ANI),CON ,nd a� s i gn, T-REVER, the property
VEY unio Gra�nt�e, and, to its successors a �7
dw;dbO on, hibit A, attached hereto and made a part hereof, which Proper,,28"'�,�'4,4i siluatcd in th�,�
County oF Cook and Sleae of 11 lifttheois, ("Propert y"). Thc.,Pmpc" hcrebY #.'A', T
subject to Ow exceptlionssic forth on Exhibit Rtttac6d hereto, and made a prirth,
4
Ion.4),
4
Togetherw0 all and singu Jar the 4wreunto belongilng, or IM
anyNNrisc appertaining., and thi�reversion s, remaind�.mnd remainders, rents, issues, and , profits themof°.Y_
atid all the eswe. rlgh�, tilk-,. ordemand ,whatsoeveroff` Grant of,tither'iflaw orequity,
Q -f,I'ft, andto the Proptrty with the heredhamems, and appumna=es.. TO 14AVE AND TO HOLD the
a
ran
with ap e and its s
aP
sid Property tht -the Gteuccessors, Dd assis gn-, forever.
purtenances, unto
IV
Avid the Grantor, for 'Itself, and its succemrs; does cove pant, promise, and agree, to and -with
S
the Grantee,,aad� its _a$slgns� that cxmpt for the Permitted Exceptions, the Grantor has not dme 0'r
Surfered to be done, anything whereby the Prqper, hrrcby granted is, or may be, in, any manner
encu6bered or cWged, inept as,,herein .reeled; andftt C%ocpt for the P.='1tte4- Excepfor s, said
TAX
. . .. .......
11 jj
TOM:
mk
M �'�
pwdy,agai I nst all pemons lawfully, dabifing, or to through or under it,it WILL
WARRANT ANO-FOREVEM)UEND
[SIGNATURE(S) 0 XFOLLOVI-ArG PA GEJ
I
UKU
r1w
N WFFNESS, WHEREOF,:this Special Warmay Detd hu Nm exelcote'd by GwLor on and
as orthe dae first above uriften.,
Nwal
B-Y,. W klatiagment.., LLC,
an 11(1901S tiMs r tod I iabl"Jitylcompane
Manager
BY: DAS Company, LLC,
,an Illinois, 101tel liability company'
.......... . ....
'N luft: Dom 1 11 1 ergl,v
Manager and Sote Membe-r
COUNTY Of COOK
1. the undersioed, a Notully Ptiblic, in and and Statc, do, hem by emffthat
Dominic A. Seirg' Authorized' Signatory ortff ALGO"i NX, 1,�,C, 2m 11.1inois limited liabliky
ny, and penonalr[y knoWn to FM to be the $Me �,�Aose nam 'I's su Wmfbed to the
compa
foregoing instruivent, -appeared befm- -nic lh`� day '"n personAlt that hit signed and
& JlVe r d the,, . Sii id
I, re Instrumen.cas his i6wn- kee 4nd voluniftry act and asj4il f,,W- and voluntvy act bf said,
colt P"al6VI, for theuses and purpo ses, -wt Ill
031"ven undermy hwW and officiall seat thisaday of December 20174
SEAL
L LkWEN KEARNEY
AN
Wary Public - It of Fllin0s,
OPP,
N otary y Pu Pu. .11
M4615100 Page, 441
EXMBff A
LOT I IN aOLWPLASTICS, INC$ SURDWISION OFTHE NORTH 683A6 FEET" F THE
EAST 200 FEET OF THAT PART OF T14E NGWfH EAST QUARTER TiOFE SOti'T14FAST
QtfAR,TF.oR OF $8CTION'D, --f-OWNSHI, 41 NORTH, RANGE 11 EAST OF TTIE Tlf[KD
PRMCIPAL MERIDIAN,, LYINQ WWI OF THE EAST, 20- ACRES OF SAID NORTHEAST
QUARTTHE $0UTHEAST QUARTE R
IN COOK COUNTY, ILLINOIS.
ed .g
TOCIETHEI, ENAN
�"lT NON-EXCIOUSIVEii 'RECIPROCAL INGRESS AND
1i-,0141 AFFURT
WRESS, EA9'f,,V0'E,NT AS CREATED AND 'SET fORTU IN THE 02CLAIRATION Of
170'
NON-EXCLU �W-, I Via Aw' EMENTS' D. ABROOATION OF EXI$TING DECLARATION AND
-16JN DOCUMENT 1633616076.
GRANT OF EAS EM' RECORDEV, DECEITR It 20.
Parcel. Number: -0304000
Addrem d Property., 501 Wegg" -",-?v*J�-,,ppquJn Road
'Mount Prwo"'ierr lllinoiS60056
00'Page. 5, Ot 5
UN4�FF1UO"44'1A COPY
� W4,vqi�
i................
8�isetng Teunt'Le'06 -whh respect wthe Prerhi$'es,
Oemml Real Estato taxes for the year 2017 and sub��Uot v,,eum not yet due and pa. b
3 . lI b the Property AHaw! 1 in. wh`c
ordimnees, ruks aftd rqui4tions of ft United Stale-S�Ahe state *4
strumentalofn ity y -the
lo, Cat. gr any agency, depattaitmt, comm,ission, beau or il of Onl
ay now vxist or 6)ay be h
miodir'lte, ev lem or ented vTomolgs
v RigWs P
d, quay'- Ubl'e utj I `t'cs 'tj thet [and as tt [5c I astJ by various gas ma in so
4 j 'if alkYI
WI/
r mam% ItarySOAVI
Or"I Se it em catch, basins,
St Wces, M an hofts, f.q, hydramts�
'b� Book& Clark
mettrssu
, as shown on;rvoy mm& 4ated
6ctober .23,20 171, lag ivv' mber6,2W,17,45 Pfuitcl rio, 2017035OW001+
5'. 20 -root easemelits. public utihjvmar4i"�r nage, an pruvisiomq,relating thereto contaked. Im lk plat
mor&4 as docOment 0-0, 90190146 f ed s�wrsurvey made by 8ock Clark dated
Oet*cr 23, 20170 la st ravi sed Dge m bcr ot no, 20170351$, 001,
kiln tip
A
401 E., ALGON
08-23-401-045046 & 047 (
INCENTIVE)
f•11 111 �':• '••�
08-23--401-039 : 040 (NO •: INCENTIVE)
0 W-A M WIM M N M 0 M I ITRMI PA MA WAM VMI
a MWLF&Mlwm = ows EM-A WNWAM waly =
IWF
400CCUPIES 2 1 �262 SQ* FT#
Ila
/
�
u
0
CO
%
Ln
Lm
>
�
�
:
sm
0
¢
.
0
U
CL
co
0
,\
>$ 2
\
1.
0
\ ƒ
-(/}
I
43
co
co
0
u
�
�
�
�
�
�
tl
llj@l
mmIIIIIIIIIIIIII
WNW
A%A
IIIIIIIIII Ili Ik�'I �II�IiI
4A
I�IIIV
iiiiiiih 1�11
um
6 vow
luuuwllllll
51
III mlllllliiiilll�uum
CKI
CKO
&M
!III Ihuuurml
00
IIIIIIII
wl
II�j II llllfl
L.
o
all
III
IIII
ll��llj jljj��l Im
C.
CO 0
ujjjjll��ll 1113
ho 0'0
0
0
1A.
III
I
ou
mu
it
LM
II VIIIIIII�
CL
4;
01
Illlllulllllll
cr
0.
LIL
lo
o
o
w
21,
It'll
79,
IOU
qp
ul ol�
AN
ML
F. 1
16
se
All,
lilt
43
�a
04
Q11.0
40
Lu
md
iff
�ul
�
LAPMASTER INTERNATIONAL, LLC
OCCUPIES 42,232 S(#jM
'71
4-J
nV
Z?
. .. . .... ..
.
Vw �j,
III
( ..... . .....
tA ,
11j,
1"
olv.
.............
fzn;
............. IrIC
IN"
illulV IwMWwIipllwWuuwwwluwwuwUw
di.,wl
U
....
00011
. .
V)
14
II
ii,n
f�
... . . . . .
IIIIIIOIOWONIOINOINOIONP
CIL
H III
fl
CID C)
CID
III*', IqJ
mu II
..........
A CL
C
fLq
L) ...........
I�VlluuILL
lJ11C)
i"11,11,11, fu
...............
f Ila
Q
CIC;
I
IlGT,
hl�`IiC
ll C1,11
r
"CIL.
ICU
qj�
Z CNI
I
U
V1 41
uuuuuuuuuuuuuuuuuom lee
J11P
NZ),
0)
N,r
i
I 0
,J
Q,�
txWPt
U
Jul
ILI
01 c7i
7r
J,D ri
Jc� . . . . ... .
ON . .... .. 0
S U
. 4�J ILI) 11-
V1
5
..........
10=41mo
PL ATE -DIAMETER
VERSIONS: 3 RINGS
SINGLE SIDED
TYPE.
.............
B) Rigid cast aluminium base
t-ap-,,arOL.0-'),d worktable facilitates parts handling
Three condoning rings with roller yoke and bearing assemblies
to,fa,(-Alitate in -process plate flatness control
0 Abrasive feed system designed for water or oil based lapping slurries
0 Automatic digital cycle timer
CMmw
a I Electrical system wired for various volts es 50/60 Hz, 1 phase (Ph)
High torque drive unit with !/2 hp/0.25 kW motor and gear reducer
ACHIEVING HIGH STANDARDS OF FLATNESS AND SURFACE FINISH
�1%,,,S, I'm E F?
11.1 P fi�A �,Iir
Fd
15 with Peristaltic Pump & VSD
��u IS I ��D
��C 11111�IN` 1 r I
111u111111 0 uVUViuull Idl� �IlIulul
ij� 1111111 F"lm
III ° lVmmuu"'I II
MollI I IIII z)
1�11 � �:;) iI111 i, I I
3� (11, N,oi 111, 1111
111 1111, mIuououol uouloul, I III NIIIIIIIIIIII III,
1,101III, 001�,� '111111, III 11111111�,
III III 1?
1 111116 111116
OPTIONAL FEATURES
Soft -start (to cushion start-up)
Electronic variable speed drive,
0 -70 rpm
# Diamond slurry dispensing systems
Various lapping/ polishing plates
Non-standard voltages
Custom machines and tooling
STANDARD SPECIFICATIONS
- High density, cast iron radially
serrated lap plate 381 mm O.D.
- Three high density cast iron serrated
conditioning rings 178
x 140 mm I.D./7 O.D. x 5Y2" I.D.
- Three high density cast iron pres-
sure plates with lifting eye -bolts
5Y16" dia. x IY4" thicK/138 mm dia.
x 32 mm thick
hardened steel
straight edge
- Three micarta worKholder blank
d iscs 5Y16" d ia. x V8" th ic k / 138 m m
dia. x 3.2 rnm thicK
- Three pressure pads 53/16" dia. x IA"
thick/ 138 mm dia. x 13 mm thick
- Starter sample Lapmaster abrasive
- Starter sample Lapmaster vehicle
- Allen wrench
- Vinyl machine cover
APPROXIMATE WEIGHT
- 135lbs/61kg
APPROXIMATE DIMENSIORS
- 26.3" x 20.5" x 23.911
668 mm x 521 mm x 607 mm
1 ......... . XlIIAASTER IN01. ......... ... TIlllw IR S
sa I es@ la pmaster-wo Iters.com
www.lapmaster-wolters.com
08-2019 WE RESERVE THE RIGHT FOR TECHNICAL CHANGES!
zrl#EEZM
orom
11iiiiiiiii, A, 1R)O,i, A�111111' S'
11 11 ii�
I� i �� U&W122M
PLA,TE-DIAMETER 36 (914.4 MM)
3 OR 4 RINGS
VERSIONS.
TYPE.- SINGLE SIDED
ru 9
Available in an open face or a pneumatic lift version,
each optionally with 3 or 4 rings
Can be used to process a wide variety of materials including
semiconductors, electro-optics, ceramics, metals and other
specialty products
Heavy duty, tubular steel frame with integrally mounted drive motor
and gear reducer
Heavy duty worK table, vertically adjustable
Conditioning rings with adjustable roller bearing yoKe assemblies to
maintain lap plate flatness
ACHIEVING HIGH STANDARDS OF FLATNESS AND SURFACE FINISH
II I��IIPouuuuouuuuuuuuuuuuuuuuuuu
IN
low
................. . A6,ii-A1111111 S m17
III
IqIIIIIIIIIII 111 11
Individual two hand anti -tie down
pneumatic cylinder controls. Variable
down pressure from 66 lbs/ 30 kg to
440 lbs/ 200 kg when connected to
60 psi minimum air supply
Abrasive slurry distribution system
complete with pump, agitator, storage
tank, waste container and multiple
point feed tubes
Do pit
1350
.... " .............
Electrical system wired for 230/
460V. 60 Hz, 3 phase with operator
controls at 110 V. N E M A Type 12 en -
closure complies to JIC standards
High torque drive unit consisting of
5.3 hp/4 kW motor and heavy duty
gear reducer. Electronic soft start
included for smooth lap plate accel-
eration. Lap plate speed 58 rpm
_111-1 . .. .. .......
go in.
GUSTMENt
1
20 MM
X � 0. 7 78i ft.
940 mm
37
I
U-033MM=
I
0 111, 11
l ��
ww°
� of III plllll
III IIIIIIIII III lauuuuuww. V �I �uuuuuuu ouuuuuu I �U1u '0) 1.1oluouIohuo) III pill
IIIIIIIIIIIIIIJ
"No',
OPTIONAL FEATURES
Water cooled lap plates
Non-standard voltages
Custom machines and tooling
Enlarged, moveable worK table tII7
improve multiple parts handling I
STANDARD SPECIFICATIONS
- High density, cast iron serrated
lapping plate 914 mm O.D. x 172 mm
- Three high density cast iron serrated
conditioning rings 419
Wear life 70 mm/2.811
- Three work holder blanks
- Three sponge rubber pads (open lift)
- Three felt pads (pneumatic lift
Starter sample of Lapmaster abrasive
Starter sample of Lapmaster vehicle
Lap plate lifting tool
Set of Allen Keys
Operation and maintenance manual
APPROXIMATE WEIGHT
Open face:
2250 lbs/ 1020 kg
Pneumatic lift:
3088 lbs/1400 kg
APPROXIMATE DIMENSIONS
- Open face:
4311 x 52.8rr x 3611
1100 mm x 1350 mm x 915 rnm
- Pneumatic lift:
68.9ti x 64.5" x 80"
1750 mm x 1640 mm x 1980 mm
AST E IR WUI III�RS
saies@lapmaster-wolters.com
www.lapmaster-wolters.com
08-2019 WE RESERVE THE RIGHT FOR TECH141CAL CHANGES!
9EME 8=6
Superabrasive: Fine Grind W'heels
Single Side and Double -Sided Fine Grind Wheels for LAPMASTER,
PETER WOLTERS, and other Machine Brands
111111111111111111 Jill
As
J Broad range of high -quality fine grind wheels ensuring reliable results in
40 fine grinding applications
Available in diamond & cubic boron nitride (cBN) with vitrified, hybrid bonds, and
are designed to provide superior removal rate, life, finish, flatness, and more
eatures precise segments/tiles spacing & layouts with unique edge segment
designs to increase segment retention & improve overall edge and wheel
performance
Designed to consistently achieve target removal rates, life, and surface finish,
contributing to less downstream finishing
n e I
NOII�11`),S,Saiti��d Cot-npetitl"'ve Gi,-�11111nd VYI'I�lieells vyiIiIIII
M IICII�� III
D I e s
Superabrasnive: e Griond'Wheels
Single and Double -Sided Fine Grinding Wheels
WHEELS Types SUBSTRATES
................... 0 ............................................ W ..........................
..............♦. W ....... W ................. W ................................ "..**# ................ *.me* 0.
Non -grooved Ferrous and Non -Ferrous Materials
......................................................................................... w ..................
. . . . . . . . . . . . . . . . . . . . VRV.VVWV.VWV.W.WNKSNW#V . . . . W ... K*MMW . . . . . . . . . . . . . . . . .
Radially grooved
.....P ............................................................................................ mos."wqol
Waffle grooved
............................................................................................................
Spirally grooved
............................ o ...............................................................................
Hex and Rounded
----- -------- -------
IOTM-Mm
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . mow *No moo mmmwomm..mKwKK a. mumommmommumms.
Glass
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 . . . . . . . s, . . . . . . . . . . . . . . . . . .
Metals
....P ................................................ P ......................................................
Plastics
............................................................................................................
Diamond
............................................................................................................
Long interval between sharpening
Hi2h material removal rate
..................... 00006*40& ............................ W ......................
produce more parts between dresses
Custom se /tile d i
t e S
less wheel wear
......... ......... ..... ...... ............
Available in hex�aq�Laj, round &- p
Short cycle time for higher output
available diameter up to 1500mm
........................ w ... w ... w ... w..w ..................... w.....w
less cost rk^r part
...................................... wh�t .... woo ............................................... ....
Ver comp .y
....... ............ . ��itive_pncing -------
Appli"cafions
low
10-2021 WE RESERVE THE RIGHT FOR TECHNICAL CHANGES'
RESOLUTION NO.
A RESOLUTION IN SUPPORT OF O'HARE IL INDUSTRIAL, LLC'S APPLICATION FOR
A CLASS 6B INCENTIVE FOR THEIR PROPERTY LOCATED AT
501 W. ALGONQUIN ROAD, 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 property tax incentives, the Village of Mount Prospect
is at a competitive disadvantage with neighboring counties Lake and DuPage in attracting
industrial development; and
WHEREAS, O'Hare It Industrial has requested the Village of Mount Prospect support its
application for renewal of a Class 6B Real Property Classification at 501 W. Algonquin Road,
Mount Prospect, Illinois, Cook County; and
WHEREAS, the corporate authorities of the Village of Mount Prospect believe that their
request is in the best interest of economic development in the Village of Mount Prospect.
NOW, THEREFORE, BE IT ORDAINED BYTHE 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 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 501 W. Algonquin Road and legally described as:
LOT 1 IN KEOLYN PLASTICS, INC. SUBDIVISION OF THE NORTH 683.46 FEET
OF THE EAST 200 FEET OF THAT PART OF THE NORTHEAST QUARTER OF THE
SOUTHEAST QUARTER OF SECTION 23, TOWNSHIP 41 NORTH, RANGE 11
EAST OF THE THIRD PRINCIPAL MERIDIAN, LYING WEST OF THE EAST 20
ACRES OF SAID NORTHEAST QUARTER OF THE SOUTHEAST QUARTER, IN
COOK COUNTY, ILLINOIS.
TOGETHER WITH APPURTENANT NON-EXCLUSIVE, RECIPROCAL INGRESS
AND EGRESS EASEMENTAS CREATEDAND SET FORTH IN THE DECLARATION
OF NON-EXCLUSIVE EASEMENTS AND ABROGATION OF EXISTING
DELCARATION AND GRANT OF EASEMENTS, RECORDED DECEM BER 1, 2016
IN DOCUMENT 1633616076.
Property Index Number: 08-23-401-030-0000
SECTION TWO: That the Village of Mount Prospect supports industrial growth, increased
employment, and economic development and the subject property is in furtherance of this
goal.
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:
NAYS:
ABSENT:
PASSED and APPROVED this 2nd day of June, 2026
Paul Wm. Hoefert, Mayor
ATTEST:
Karen M. Agoranos, Village Clerk
Village Clerk