HomeMy WebLinkAboutRes 21-94 06/07/1994 /caf
6/1/94
RESOLUTION NO. 21-94
A RESOLUTION IN SUPPORT OF CUMMINS ALLISON CORP.
MAKING APPLICATION FOR COOK COUNTY CLASS 6b TAX EXEMPTION
WHEREAS, the Village of Mount Prospect encourages community development to
provide for economic growth an(] 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, CUMMINS ALLISON CORP. has requested the Village of Mount Prospect
to support their application for a Class 6b real property classification; and
WHEREAS, the corporate authorities of the Village of Mount Prospect believe that the
request of CUMMINS ALLISON CORP. 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 CUMMINS ALLISON CORP. for a
Class 6b 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 Number 03-35-102-025 and 03-35-
102-026.
SECTION TWO: 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 the properly is subject to compliance with all
requirements of the I-1 (Light Industrial) District and development standards of the
Kensington Center for Business.
SECTION FOUR: That this Resolution shall be in full force ana effect from and after its
passage and approval in the manner provided I~y law.
AYES: Hoefert, Skowron, Wilks, Farley
NAYS: None
ABSENT: Clowes, Corcoran, Hendricks
PASSED and APPROVED this 7th day of June , i994,
ATTEST: f~era~d L Farley,' Mayor
Carol A. Fields, Village Clerk
EXHIBIT "A"
Lot 310-B in Kensington Center Resubdivision VII of Lot 310 in Kensington
Center Phase Three-A, being a part of the Northwest 1/4 and the Northeast
1/4 of Section 35, Township 42 North, Range 11, East of the Third Principal
Meridian, Cook County, Illinois, according to the plat thereof recorded May
4, 1981 as Document No. 25859082.
Commonly known as Cummins Allison Corp. 891 Feehanville Ddve,
Mount Prospect, Illinois 60056