HomeMy WebLinkAboutRes 36-00 11/08/2000 bs/bc
11/1/2000
RESOLUTION NO. 36-00
A RESOLUTION IN SUPPORT OF ANDREWS PRODUCTS, INC.
MAKING APPLICATION FOR COOK COUNTY CLASS 6 TAX ABATEMENT
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, Andrews Products, Inc., has requested the Village of Mount Prospect to support
their application for a Class 6 real property classification at 431 Kingston Court; 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 Andrews Products, Inc., located at 431
Kingston Court, for a Class 6 Property Classification from Cook County, which allows a 16%
assessment level for 8 years for the property legally described as follows:
Lot 5B in Kensington Center Resubdivision 25, a subdivision and resubdivision
in part of the North [] of Section 35, Township 42 North, Range 11 East of the
Third Principal Meridian in Cook County, Illinois
and further identified by Permanent Index Number 03-35-200-053.
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.
age 2/2
Andrews, Class 6
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 Kensington
Center for Business.
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: Hoefert, Lohrstorfer, Prikkel, Skowron, Wilks
NAYS: None
ABSENT: Corcoran
PASSED and APPROVED this 8th day of November, 2000.
ATTEST: Mayor
Velma/W, Lowe
Village Clerk