HomeMy WebLinkAboutRes 28-11 09/06/2011 In Support of CRP Holdings for Cook County Class 6B Tax AbatementRESOLUTION NO. 28 -11
A RESOLUTION IN SUPPORT OF CRP HOLDINGS A -2, LLC,
1500 BISHOP COURT, MOUNT PROSPECT, ILLINOIS,
MAKING APPLICATION
FOR COOK COUNTY CLASS 6B 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 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 the neighboring counties of Lake and
DuPage in attracting industrial development; and
WHEREAS, CRP HOLDINGS A -2, LLC has requested the Village of Mount Prospect to
support its application for a Class 6B Real Property Classification at 1500 Bishop Court,
Mount Prospect, Cook County (Property); and
WHEREAS, the Property has been vacant and unused for more than 24 continuous
months and the Village of Mount Prospect has found that special circumstances exist
which justify finding that the Property is abandoned for the purpose of 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 PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That the President and Board of Trustees of the Village of Mount
Prospect do hereby support and consent to the application of CRP HOLDINGS A -2, LLC a
Class 6B Property Classification from Cook County, which allows a 10% assessment level
for the first 10 years, 15% in the 11 th year and 20% in the 12 year for the Subject Property
located at 1500 Bishop Court and legally described as:
Lot 804 -A in the Plat of Kensington Center - Resubdivision twenty- three, a Resubdivision
of Lot 804 in Plat of Kensington Center- Resubdivision twenty -one, a Resubdivision of
Lot 801 in Kensington Center -Phase Six, a Subdivision in part of the North half of
Section thirty -five, Township Forty -Two North, Range Eleven, East of the Third
Principal Meridian, according to the Plat thereof filed for record in the Office of the
Registrar of Titles, July 18, 1988 as document No. LR3724251 all in Cook County,
Illinois,
PIN: 03 -35- 200 - 045 -0000
Page 2/2
1550 Bishop Court
Class 6B Tax Abatement
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 "Property."
SECTION THREE: That development of the property is subject to compliance with all
requirements of the 1 -1 (Limited Industrial) District.
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, Juracek, Korn, Matuszak, Polit, Zadel
NAYS: None
ABSENT: None
PASSED and APPROVED this 6th day of September, 2011.
I ana K. Wilks
Mayor
M. Lisa Angell
Village Clerk
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