HomeMy WebLinkAboutRes 13-26 06/02/2026 In Support Of Artpix Holdings, LLC'S Application For A Class 6B Incentive For Their Property Located At 851 Feehanville Road, Mount Prospect, IllinoisRESOLUTION NO. 13-26
A RESOLUTION IN SUPPORT OF ARTPIX HOLDINGS, LLC'S APPLICATION FORA
CLASS 6B INCENTIVE FOR THEIR PROPERTY LOCATED AT
851 FEEHAwNVILLE ROAD MOUNT PROSmPECT, 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, ArtPix Holdings has requested the Village of Mount Prospect support its
application for a Class 6B Real Property Classification at 851 Feehanville 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 BY THE MAYOR AND BOARD OF TRUSTEES OF THE
VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
&E.C.M.N-Q .E:.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 851 Feehanville Road and legally described as:
LOT 311 IN KENSINGTON CENTER - RESUBDIVISION X, BEING A
RESUBDIVISION OF LOT 311 IN KENSINGTON CENTER RESUBDIVISION V OF
LOTS 206 AND 311 IN KENSINGTON CENTER- PHASE THREE -A; ALSO BEING
A RESUBDIVISION OF LOT 310-C IN KENSINGTON CENTER- RESUBDIVISION
VII OF LOT 310IN KENSINGTON CENTER -PHASE THREE -A, IN PART OFTHE
NORTHWEST QUARTER OF SECTION 35, TOWNSHIP 42 NORTH, RANGE 11
EAST OF THE THIRD PRINCIPAL MERIDIAN, AS PER PLAT THEREOF
RECORDED JUNE 29, 1983 AS DOCUMENT 26666343, IN COOK COUNTY,
ILLINOIS
Property Index Number: 03-35-102-024-0000
SF-C-TI-ON-TW,0-; That the Village of Mount Prospect supports industrial growth, increased
employment, and economic development and the subject property is in furtherance of this
goal.
SECD h T.H-R,EE-. That 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, Grossi, Matuszak
NAYS: None
ABSENT: Gens, Saccotelli
PASSED and APPROVED this 2nd day of June, 2026
Paul Wm. Hoefert, jayor
ATTEST:
Karen M. Agoranos, illage Clerk
Village Clerk