VILLAGE OF ORLAND PARK - File #: 2011-0269

• File #: 2011-0269
• Version: 1
• Name: Infiniti of Orland Park Sales Tax Sharing Agreement - Ordinance
• Type: ORDINANCE
• Status: PASSED
• File created: 4/26/2011
• In control: Board of Trustees
• On agenda: 5/2/2011
• Final action: 5/2/2011
• Title: /Name/Summary ORDINANCE AUTHORIZING INCREMENTAL SALES TAX REBATE AGREEMENT (INFINITI OF ORLAND PARK, INC., 8500 W. 159TH STREET)

Date	Ver.	Action By	Action	Result
5/5/2011	1	Village Clerk	PUBLISHED
5/2/2011	0	Board of Trustees	PASSED	Pass
4/26/2011	0	Development Services Department	INTRODUCED TO BOARD

Title/Name/Summary

ORDINANCE AUTHORIZING INCREMENTAL SALES TAX REBATE AGREEMENT (INFINITI OF ORLAND PARK, INC., 8500 W. 159^TH STREET)

Body

WHEREAS, the Corporate Authorities of the Village of Orland Park, Cook and Will Counties, Illinois, did consider an Inducement Agreement providing for certain tax incentives and rebates to the dealer of the INFINITI OF ORLAND PARK, INC. automobile dealership located at 8500 W. 159^th Street in the Village, and said Agreement being entitled “INCREMENTAL SALES TAX REBATE AGREEMENT,” a true and correct copy of which is attached hereto and made a part hereof as EXHIBIT 1; and

WHEREAS, the Corporate Authorities of the Village of Orland Park, Cook and Will Counties, Illinois, have determined that it is in the best interests of said Village of Orland Park that said Agreement be entered into by the Village of Orland Park;

NOW, THEREFORE, Be It Ordained by the President and Board of Trustees of the Village of Orland Park, Cook and Will Counties, Illinois, as follows:

SECTION 1

This President and Board of Trustees of the Village of Orland Park hereby find that it is in the best interests of the Village of Orland Park and its residents that the aforesaid “INCREMENTAL SALES TAX REBATE AGREEMENT” be entered into and executed by said Vil-lage of Orland Park with said Agreement to be substantially in the form attached hereto and made a part hereof as EXHIBIT 1.

SECTION 2

The President and Clerk of the Village of Orland Park, Cook and Will Counties, Illinois, are hereby authorized to execute for and on behalf of said Village of Orland Park the aforesaid Agreement; provided, however, that all of the other parties to said Agreement have properly signed and executed the same.

SECTION 3

This Ordinance shall take effect from and after its passage and approval in the manner provided by law.