Village of Mount Prospect Agenda 2026-06-02
Village backs Class 6B renewal for O'Hare IL Industrial
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Description
The Board will consider a resolution supporting O'Hare IL Industrial, LLC’s application to renew a Cook County Class 6B property tax incentive for its property at 501 W. Algonquin Road. The Village’s support helps the company secure a reduced tax classification to sustain or expand industrial operations.
Contract Details
Vendor
O'HARE IL INDUSTRIAL LLC
Agency
Mount Prospect village (pt.), IL
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Renewal Info
Resolution expresses Village support for renewal of existing Cook County Class 6B tax incentive classification for the specified property; incentive term and renewal cycle are controlled by Cook County.
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