HomeMy WebLinkAboutRes 30-12 06/05/2012 In Support of Andrews Products Making an Application for Class 6B Tax Abatement ExtensionRESOLUTION NO. 30 -12
A RESOLUTION IN SUPPORT OF ANDREWS PRODUCTS,
431 KINGSTON COURT, MOUNT PROSPECT, ILLINOIS,
MAKING APPLICATION FOR AN
EXTENSION OF 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 industrial properties 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, ANDREWS PRODUCTS, has requested the Village of Mount Prospect
support its application for Extension of the Class 6B Real Property Classification at 431
Kingston Court, Mount Prospect, Cook County (Property); 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 for the Class 6B Renewal from
Cook County for the Property located at 431 Kingston Court and legally described as:
LOT 5 EXCEPT THE NORTH 18 FEET) IN KENSINGTON CENTER RESUBDIVISION
25 OF LOT 701 IN KENSINGTON CENTER PHASE 6, A RESUBDIVISION OF
OUTLOT 1 IN KENSINGTON CENTER PHASE 3 -A, A SUBDIVISION AND A
RESUBDIVSION IN PART OF THE NORTHWEST %AND THE NORTHEAST % OF
SECTION 35 TOGETHER WITH PART OF THE EAST' /2 OF THE NORTHWEST %
AND PART OF THE NORTHEAST % OF SECTION 35 TOWNSHIP 42 NORTH,
RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY,
ILLINOIS.
PIN: 03 -35 -200- 069 -0000
SECTION TWO: That the Village of Mount Prospect supports industrial growth, increased
employment and economic development and the "property" is in furtherance of this goal.
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431 Kingston Court
Class 66 Tax Abatement
SECTION THREE: 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 5 th day of June, 2012.
Mayor
Village Clerk
H: \CLKO \WIN \MEMOS \RESOLUTION \Class 6 tax abatement431kingstoncourtjune2012 .doc