HomeMy WebLinkAboutRESOLUTION - 26-98 - 6/23/1998 - CLASS 6B STATUS/1501 OAKTON ATRESOLUTION NO. 26-98
A RESOLUTION DETERMINING THE APPROPRIATENESS FOR CLASS
6B STATUS PURSUANT TO THE COOK COUNTY REAL PROPERTY
CLASSIFICATION ORDINANCE AS AMENDED JANUARY 1, 1995
FOR CERTAIN REAL ESTATE LOCATED AT 1501 OAKTON STREET,
ELK GROV Vr ..n .., r ..INOr (MT r. M nim OR ORATrON)
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, 1995,
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, an application has been submitted for Class 6B property status
pursuant to said aforementioned ordinance, for certain real estate located at
1501 Oakton Street, in the Village of Elk Grove Village, Cook County,
Illinois, with the Property Index Number 08-27-201-002, 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 President and Board of Trustees of
the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois:
Section i. That the request to have certain real estate located at 1501
Oakton Street, Elk Grove Village, Cook County, Illinois, legally described as
follows, and with the Property Index Number 08-27-201-002, declared eligible
for Class 6B status pursuant to the Cook County Real Property Classification
Ordinance as amended January 1, 1995, 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 159 in Higgins Industrial Park Unit 112, Being a
Subdivision in the Northeast Quarter of Section 27,
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 Number 08-27-201-002.
Section 3. That the Village President 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: 6 NAYS: 0 ABSENT: 0
PASSED this 23rd day of June , 1998.
APPROVED this 23rd day of June , 1998.
ATTEST:
Patricia S. Smith
Village Clerk
reso405f.doc
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Craig B. Johnson
Village President