HomeMy WebLinkAboutRESOLUTION - 13-03 - 2/11/2003 - CLASS 6B, 79 BOND STREETRESOLUTION NO. 13-03
A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS 6B STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY CLASSIFICATION ORDINANCE AS AMENDED JANUARY 1, 2000 FOR CERTAIN REAL ESTATE
LOCATED AT 79 BOND STREET (BOND STREET PARTNERS, INC.)
WHEREAS, the Village of Elk Grove Village desires to promote the development of industry in the Village of Elk Grove; and
WHEREAS, the Cook County Assessor is operating under an ordinance enacted by the Cook County Board of Commissioners, and amended from time to time, the most recent amendment becoming
effective as of January 1, 2000, which has instituted a program to encourage industrial and commercial development in Cook County known as the Cook County Real Property Classification
Ordinance; and
WHEREAS, Bond Street Partners, Inc. has applied for or is applying for Class 6B property status pursuant to said aforementioned ordinance, for certain real estate located at 79 Bond
Street, in the Village of Elk Grove Village, Cook County, Illinois, with the Property Index Numbers 08-22-301-006-0000 and 08-22-301-008-0000, has proven to this Board that such incentive
provided for in said ordinance is necessary for development to occur on this specific real estate.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois:
Section 1. That the request of Bond Street Partners, Inc. to have certain real estate located at 79 Bond Street, Elk Grove Village, Cook County, Illinois, legally described as follows,
and with the Property Index Numbers 08-22-301-006-0000 and 08-22-301-008-0000, declared eligible for Class 6B status pursuant to the Cook County Real Property Classification Ordinance
as amended January 1, 2000, is hereby granted in that this Board and the Village of Elk Grove Village, Illinois, has determined that the incentive provided by the said Class 6B Tax
Incentive Ordinance is necessary for the said development to occur on the subject property:
Lot 23 and the North 308.00 feet of Lot 24 in Higgins Road Commercial Subdivision, Unit No. 1 a Subdivision in the West ½ of Section 22, Township 41 North, Range 11, East of the Third
Principal Meridian, in Cook County, Illinois
Section 2. That the Village of Elk Grove Village, Illinois hereby supports and consents to the Class 6B Application and approves the classification of the subject property as Class
6B property pursuant to the Cook County Real Property Classification Ordinance and the Class 6B tax incentives shall apply to the property identified as Permanent Real Estate Index
Numbers 08-22-301-006-0000 and 08-22-301-008-0000.
Section 3. That the Mayor and Village Clerk are hereby authorized to sign any necessary documents to implement this Resolution.
Section 4. That this Resolution shall be in full force and effect from and after its passage and approval according to law.
VOTE: AYES: 5 NAYS: 0 ABSENT: 1
PASSED this 11th day of February 2003
APPROVED this 11th day of February 2003
APPROVED:
Craig B. Johnson, Mayor
ATTEST:
Ann I. Walsh
Village Clerk
Res6bTax79Bond.doc