HomeMy WebLinkAboutRes 15-13 08/06/2013 In Support of White Way Sign, 451 Kingston Court Making Application for Extension of Class 6B Tax AbatementRESOLUTION NO. 15 -13
A RESOLUTION IN SUPPORT OF WHITE WAY SIGN,
451 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, WHITE WAY SIGN, has requested the Village of Mount Prospect support its
application for Extension of the Class 6B Real Property Classification at 451 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 451 Kingston Court and legally described as:
LOT 6 AND THE NORTH 18.0 FEET OF LOT 5 THEREOF, IN KENSINGTON CENTER
RESUBDIVISION TWENTY -FIVE IN PART OF THE NORTHEAST Y4 OF SECTION 35,
TOWNSHIP 42 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN
ACCORDING TO THE PLAT FILED FOR RECORD ON FEBRUARY 1, 1989 IN THE
OFFICE OF REGISTRAR OF TITLES AS DOCUMENT LR3770802, ALL IN COOK
COUNTY, ILLINOIS.
PIN: 03 -35- 200 - 067 -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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451 Kingston Court
Class 6B 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, Korn, Polit, Rogers, Zadel
NAYS: None
ABSENT: Matuszak
PASSED and APPROVED this 6 th day of August, 2013.
Arlene A. Juracek
Mayor
M. isa Angell
Village Clerk
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