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La Grange backs 12‑year extension of Class 6b tax incentive for 501–515 Shawmut to support industrial expansion
Summary
The Village Board unanimously supported renewal of a Cook County Class 6b industrial property tax incentive for 501–515 Shawmut Avenue, citing property improvements, investment, and 17 jobs added; the support enables the applicant to seek county approval for a 12‑year renewal.
The La Grange Village Board on May 12 voted unanimously to provide municipal support for a renewal of a Cook County Class 6b real‑estate tax incentive for the property at 501–515 Shawmut Avenue.
Trustee Lou Gail presented the applicant's case and staff materials describing the property's history and recent investments. The applicant — G and G Partners LLC doing business as Billet Specialties (referred to in packet materials) — seeks village support for a 12‑year extension of the Class 6b classification, which temporarily reduces assessed…
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