HomeMy WebLinkAboutRes 17-26 10/20/2026 In Support Of 1600 Bishop Partnership, LLC'S Application For A Class 6B Incentive For Their Property Located At 1600 Bishop Court, Mount Prospect, IllinoisRESOLUTION NO. 17-26
A RESOLUTION IN SUPPORT OF 1600 BISHOP PARTNERSHIP, LLC'S APPLICATION
FOR A CLASS 6B INCENTIVE FOR THEIR PROPERTY LOCATED AT
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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, 1600 Bishop Partnership, LLC has requested the Village of Mount Prospect
support its application for a Class 6B Real Property Classification at 1600 Bishop Court,
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:
SECTJ 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 1600 Bishop Court and legally described as:
LOT 807 IN KENSINGTON CENTER — RESUBDIVISION TWENTY EIGHT, A
RESUBDIVISION OF LOTS 803 AND 805 IN KENSINGTON CENTER —
RESUBDIVISION TWENTYONE, IN PARTOFTHE NORTH EAST 1/4 OF SECTION
35, TOWNSHIP 42 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL
MERIDIAN, ACCORDING TO THE PLAT THEREOF FILED JANUARY 10, 1990 AS
DOCUMENT LR3852830, EXCEPTING FROM SAID LOT 805 THAT PART
THEREOF LYING NORTHEASTERLY OF A STRAIGHT LINE DRAWN FROM A
POINT IN THE NORTH LINE OF SAID LOT WHICH IS 20 FEET WEST OF THE
NORTH EAST CORNER OF SAID LOT 805 TO A POINT IN THE EAST LINE OF
SAID LOT WHICH IS 20 FEET SOUTH OF SAID NORTH EAST CORNER OF LOT
805, TAKEN FOR HIGHWAY, ALL IN COOK COUNTY, ILLINOIS.
Property Index Number: 03-35-200-061-0000
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.
$CTJIQN- 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: Dante, DiPrima, Grossi, Matuszak, Saccotelli
NAYS: None
ABSENT: Gens
PASSED and APPROVED this 20th day of October, 2026
William A. Grossi, Mayor Pro-tem
ATTEST:
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Karen M. Agora
g Village Clerk
Village Clerk