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RESOLUTION NO. 26-98 <br />A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS <br />6B STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY <br />CLASSIFICATION ORDINANCE AS AMENDED JANUARY 1, 1995 <br />FOR CERTAIN REAL ESTATE LOCATED AT 1501 OAKTON STREET, <br />ELK GROV Vr ..n .., r ..INOr (MT r. M nim OR ORATrON) <br />WHEREAS, the Village of Elk Grove Village desires to promote the <br />development of industry in the Village of Elk Grove; and <br />WHEREAS, the Cook County Assessor is operating under an ordinance <br />enacted by the Cook County Board of Commissioners, and amended from time to <br />time, the most recent amendment becoming effective as of January 1, 1995, <br />which has instituted a program to encourage industrial and commercial <br />development in Cook County known as the Cook County Real Property <br />Classification Ordinance; and <br />WHEREAS, an application has been submitted for Class 6B property status <br />pursuant to said aforementioned ordinance, for certain real estate located at <br />1501 Oakton Street, in the Village of Elk Grove Village, Cook County, <br />Illinois, with the Property Index Number 08-27-201-002, has proven to this <br />Board that such incentive provided for in said ordinance is necessary for <br />development to occur on this specific real estate. <br />NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of <br />the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois: <br />Section i. That the request to have certain real estate located at 1501 <br />Oakton Street, Elk Grove Village, Cook County, Illinois, legally described as <br />follows, and with the Property Index Number 08-27-201-002, declared eligible <br />for Class 6B status pursuant to the Cook County Real Property Classification <br />Ordinance as amended January 1, 1995, is hereby granted in that this Board and <br />the Village of Elk Grove Village, Illinois, has determined that the incentive <br />provided by the said Class 6B Tax Incentive Ordinance is necessary for the <br />said development to occur on the subject property; <br />