SOUTH HOLLAND | The Village Board is giving its recommendation to the extension of significant property tax breaks for two local businesses with longtime ties in the community.
By 4-0 votes with trustees N. Keith Chambers and Matthew James absent, the Village Board approved the extension of Cook County Class 6B tax breaks for Calumet Carton, and T & B Tube.
With a tax break from the county, the amount of money the businesses have paid in local property taxes has been reduced by a little more than half.
Such tax breaks are given for up to a decade, but municipal and county officials have the right to renew them if they see fit.
Calumet Carton was given a Class 6b tax break 10 years ago, while T & B received such a break in 1994 and had it renewed in 2003.
The tax breaks will lapse for businesses next year, unless officials act to approve them.
Ultimately, the Cook County Board gives final approval. County officials typically will not grant such a break unless local governments first adopt resolutions of support.
Trustee Larry DeYoung, who chairs the Village Board’s community development committee, said both T & B and Calumet Carton have been quality businesses for South Holland, undergoing expansion during their time here.
That led village President Don De Graff to call the companies “great” and “successful in this town for many years.”
In other business, the Village Board approved the disposal of a 2007 Ford Explorer that had been used by the Police Department.
The ordinance approved by trustees is a legal move required before the village can sell the vehicle for scrap. Police Chief Greg Baker said the engine in the automobile no longer works.
Trustees also gave their approval to a resolution authorizing the village’s annual policy with Risk Management Insurance.
De Graff said the policy negotiated by Village Administrator Jason Huisman reduces the amount of money paid by municipal government by 1 percent, while also bolstering the village’s insurance coverage related to the Police Department.
“He got a very good rate with them,” De Graff said.