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RESOLUTION NO. 27-03 <br />A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6B STATUS <br />PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION <br />ORDINANCE AS AMENDED JANUARY 1, 2000 FOR CERTAIN REAL ESTATE <br />LOCATED AT 400 BUSSE ROAD, ELK GROVE VILLAGE, ILLINOIS (LEND LEASE <br />REAL ESTATE INVESTMENTS, INC.) <br />WHEREAS, the Village of Elk Grove Village desires to promote the development <br />of industry in the Village of Elk Grove; and <br />WHEREAS, the Cook County Assessor is operating under an ordinance enacted <br />by the Cook County Board of Commissioners, and amended from time to time, the <br />most recent amendment becoming effective as of January 1, 2000, which has <br />instituted a program to encourage industrial and commercial development in Cook <br />County known as the Cook County Real Property Classification Ordinance; and <br />WHEREAS, Lend Lease Real Estate Investments, Inc. has applied for or is <br />applying for Class 6B property status pursuant to said aforementioned ordinance, for <br />certain real estate located at 400 Busse Road, in the Village of Elk Grove Village, <br />Cook County, Illinois, with the Property Index Numbers 08-27-201-006 and 08-27- <br />203-009, has proven to this Board that such incentive provided for in said ordinance <br />is necessary for development to occur on this specific real estate. <br />NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Trustees of <br />the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois: <br />Section 1: That the request of Lend Lease Real Estate Investments, Inc. to <br />have certain real estate located at 400 Busse Road, Elk Grove Village, Cook County, <br />Illinois, legally described as follows, and with the Property Index Numbers 08-27-201- <br />006 and 08-27-203-009 declared eligible for Class 6B status pursuant to the Cook <br />County Real Property Classification Ordinance as amended January 1, 2000, is <br />hereby granted in that this Board and the Village of Elk Grove Village, Illinois, has <br />determined that the incentive provided by the said Class 6B Tax Incentive Ordinance <br />is necessary for the said development to occur on the subject property: <br />