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Mount Prospect board approves 6B tax incentive support, adopts 2024 budget amendments and confirms appointments
Summary
Trustees unanimously passed a resolution supporting a Cook County Class 6B tax incentive for AGL 500 West LLC at 500 W Algonquin Rd., adopted Budget Amendment No. 3 to close 2024 items including higher fire overtime, and confirmed two finance‑commission appointments.
At its Dec. 17 meeting, the Mount Prospect Village Board took several formal votes: it adopted a resolution supporting AGL 500 West LLC’s Cook County Class 6B tax incentive request for property at 500 W. Algonquin Road, confirmed appointments to the Finance Commission, and adopted an ordinance amending the 2024 budget (Budget Amendment No. 3).
Director of Community Development Shellcross described the 6B request as a tool that would reduce the property’s tax multiplier from about 25%…
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