HomeMy WebLinkAboutRESOLUTION - 27-03 - 4/8/2003 - CLASS 6B STATUS/400 BUSSE RDRESOLUTION NO. 27-03
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 400 BUSSE ROAD, ELK GROVE VILLAGE, ILLINOIS (LEND LEASE
REAL ESTATE INVESTMENTS, 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, Lend Lease Real Estate Investments, Inc. has applied for or is
applying for Class 6B property status pursuant to said aforementioned ordinance, for
certain real estate located at 400 Busse Road, in the Village of Elk Grove Village,
Cook County, Illinois, with the Property Index Numbers 08-27-201-006 and 08-27-
203-009, 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 Lend Lease Real Estate Investments, Inc. to
have certain real estate located at 400 Busse Road, Elk Grove Village, Cook County,
Illinois, legally described as follows, and with the Property Index Numbers 08-27-201-
006 and 08-27-203-009 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 163 in Higgins Industrial Park Unit 112, being a subdivision in the
northeast Y4of 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 Numbers 08-27-201-006 and 08-27-203-
009,
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: 6 NAYS: 0 ABSENT. 0
PASSED this 8 h day of April 2003
APPROVED this 8'" day of April 2003
ATTEST:
Ann 1. Walsh
Village Clerk
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APPROVED:
Craig B. Johnson, Mayor