HomeMy WebLinkAboutRESOLUTION - 19-90 - 2/27/1990 - CLASS 6A INCENTIVE ABATEMENTRESOLUTION NO. 19-90
A RESOLUTION FOR APPROVAL OF CLASS 6a INCENTIVE ABATEMENT
FOR PLANNED NEW CONSTRUCTION IN THE VILLAGE OF ELK GROVE
VILLAGE (2300 LANDMEIER ROAD - ROADWAY EXPRESS, INC.)
WHEREAS, ROADWAY EXPRESS, INC. owns the property commonly
known as 2300 Landmeier Road, in the Village of Elk Grove
Village, and proposes to develop said property, and to undertake
a program of new construction of a 56 -door trucking terminal at
the premises, at a cost estimated at $2,500,000; the viability
of the said program being dependent on the eligibility of the
said property for Class 6(a) incentives; and
WHEREAS, the permanent real estate index number of this
property is 08-26-402-025 ; and
WHEREAS, the Cook County Real Property Assessment
Classification Ordinance, as adopted by the Cook County Board of
Commissioners on December 18. 1989, requires ROADWAY EXPRESS,
INC. prior to filing a Class 6(a) Eligibility Application with
the Assessor of Cook County, obtain from the municipality in
which the real estate is located, a Resolution expressly stating
that the Village of Elk Grove Village has determined that the
incentive provided by Class 6(a) is necessary for development to
occur on 2300 Landmeier Road, Elk Grove Village and that the
Village of Elk Grove Village supports and consents to the Class
6(a) Application to the Assessor; and
WHEREAS, ROADWAY EXPRESS, INC. will, as a result of this new
construction, develop a new 56 -door trucking terminal on this
vacant parcel to serve the Midwest area for over -the -road
freight forwarding; and
WHEREAS, the aforesaid program of new construction will
create additional temporary employment opportunities during
construction, and new part-time and permanent employment
opportunities in the new facilities; and
WHEREAS, additional economic development is deemed to be a
necessity for the continued economic development and viability
of the Village of Elk Grove Village; and
WHEREAS, notwithstanding the Class 6(a) status of the
subject property, the new construction of the subject property
by ROADWAY EXPRESS, INC. will generate significant new revenues
in the form of additional state and federal income tax revenues,
local real estate and other taxes.
NOW, THEREFORE, BE IT RESOLVED by the President and Board of
Trustees of the Village of Elk Grove Village, Counties of Cook
and DuPage, State of Illinois as follows:
Section 1. That the subject property is appropriate for
Class 6(a) incentive assessment under the Cook County Real
Property Assessment Classification ordinance of December 18,
1989 in that the President and Board of Trustees of the Village
of Elk Grove Village find that the incentive provided by the
Class 6(a) is necessary for development to occur at 2300
Landmeier Road, Elk Grove Village and that the Village of Elk
Grove Village supports and consents to the ROADWAY EXPRESS,
INC.'s Class 6(a) Application to the Assessor of Cook County.
Section 2. Tnat this Resolution shall ne in full force
and effect from and after its passage and approval according to
law.
VOTE: AYES: 5
NAYS: 0
ABSENT: 1
PASSED THIS 27th
day
of February
, 1990.
APPROVED THIS 27th
day
of February
, 1990.
ATTEST:
Patricia S. Smith
Village Clerk
Charles J. Zettek
Village President