HomeMy WebLinkAboutRes 22-90 05/15/1990 C/caf
RESOLUTION NO. 22-90
A RESOLUTION IN SUPPORT OF THE DIMENSION WORKS, INC.
MAKING APPLICATION FOR COOK COUNTY CLASS 6b 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 in the neighboring
counties of Lake and Du Page in attracting industrial development;
and
WHEREAS, Dimension Works, Inc. 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 their request 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 Dimension Works, Inc. for a Class 6b Property Classification
fr6m 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 08-23-203-028, 08-23-203-029, and 08-23-203-030.
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 find
that this incentive is necessary for development to occur on the
Subject Property.
SECTION THREE: That development of the property is subject to
compliance with all requirements of the I-1 (Light Industrial)
District and development standards of the Lake Center Corporate
Park.
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: Arthur, Busse, Corcoran, Floros, Wattenberg
NAYS: None
ABSENT: - Van Geem
PASSED and APPROVED this 15th day of May, 1990.
Village Clerk
EXHIBIT
Lots 5, 6, 7, and the north 150.88' of Lot 4 in Lake Center
Plaza Subdivision being a resubdivision of part of Lot 4 in
Linnemann's Division of part of the Northweat Quarter (1/4)
of Section 23, and part of the Southeast Quarter (1/4) of
Section 14, all in Township 41 North, Range 11, East of the
Third Principal Meridian, Cook County, Illinois, recorded on
July 1, 1988 as Document No. 88-291118