(A) A completed Application to County of Will for Tax Abatement must be submitted to the County Center for Economic Development (CED). Upon receipt of the completed application, the CED shall evaluate the request pursuant to the abatement criteria in effect at the time of application. The CED will then submit the application to the County Executive for review and recommendation prior to consideration by the County Board.
(B) Qualified requests shall then be presented to the Finance Committee for review and recommendation to the Executive Committee, for placement of a resolution of intent to abate on the County Board agenda for consideration. The County Board grants final approval on a case-by-case basis; at which time, the name of the company shall become public.
(C) Upon approval of the resolution of intent to abate, and execution of the resolution by the County Executive, the agreement of intent to abate property taxes shall be forwarded to the company by the County Board office. The agreement shall be executed by the company first, and returned to the county for execution by the County Executive.
(D) Upon notification of the county by the company that the project is completed, a resolution for the abatement of property taxes shall be presented to the Finance Committee, for review and recommendation to the Executive Committee, for placement on the County Board agenda for consideration.
(E) After approval of the resolution for the abatement of property taxes and execution by the County Executive, certified copies shall be delivered to the company, as well as the County Clerk–Tax Extension Office, the County Supervisor of Assessments office and the CED.
(1980 Code, § 157.11) (Res. 03-138, adopted 4-17-2003; Res. 09-113, adopted 4-16-2009)