HomeMy WebLinkAboutRes 32-95 11/08/1995 caf
1111/95
RESOLUTION NO. 32-95
A RESOLUTION IN SUPPORT OF U. S. ROBOTICS
MAKING APPLICATION FOR COOK COUNTY CLASS 6 TAX EXEMPTION
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 new businesses to become established in Mount Prospect, Cook CountY; and
WHEREAS, without the Cook County property tax incentives, Mount Prospect is at a
competitive disadvantage with the neighboring counties of Lake and Du Page in attracting
industrial development; and
WHEREAS, U. S. Robotics has requested the Village of Mount Prospect to support their
application for a Class 6 real property classification; and
WHEREAS, the corporate authorities of the Village of Mount Prospect believe that the
request of U. S. Robotics 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:
SECTION ONE: That the Mayor and Board of Trustees of the Village of Mount Prospect
do hereby support and consent to the application of U. S. Robotics for a Class 6 Property
Classification from Cook County, which allows a 16% assessment level for 8 years for the
property identified in Exhibit "A" attached hereto and hereby made a part hereof and
further identified by Permanent Index Numbers 03-33-300-073, 03-33-300-039 and 03-33-
300-043.
SECTION TVVO: That the Village of Mount Prospect supports industrial growth, increased
employment and economic development and this proposed development is in furtherance
of this goal. The Board of Trustees of the Village of Mount Prospect further finds that this
incentive is necessary for development to occur on the Subject Property.
SECTION THREE: That development of tl~e property is subject to compliance with all
requirements of the I-1 (Light Industrial) District and development standards of the Village
of Mount Prospect.
SECTION FOUR: That this Resolution shall be in full force and effect from and after its
passage and approval in the manner provided by law.
AYES; Clowes, Hendricks, Skowron, Farley
NAYS: None
ABSENT: Corcoran
ABSTAIN: Hoefert, Wilks
PASSED and APPROVED this 8th day of November , i995.
~-~erald L. Farley
ATTE.~/T: . / ~ Mayor
Carol A. Fields
Village Clerk
EXHIBIT "A"
U. S. ROBOTICS
1800 WEST CENTRAL ROAD
MOUNT PROSPECT, ILLINOIS 60056
PiN # 03-33-300-073, 03-33-300-039 and 03-33-300-043
SOUTHERN PARCEL
NORTHERN PARCEL