The Glenview Village Board has approved a redevelopment agreement with a company seeking property tax breaks for a potential expansion of a former Harley Davidson motorcycle dealership into a new and used auto dealership. The agreement is the first step in the process of Genesis applying for a Cook County 7(b) real estate tax incentive, which will lower the assessment level of the redeveloped property and the amount of property taxes the company will pay for a period of 12 years. The incentive is expected to generate $3.7 million in property tax revenue for the village over the next 14 years, which is about $649,000 less than if the redevelopment project does not proceed. Once the incentive expires, the property is anticipated to generate approximately $628,269 annually in property taxes, more than double what it currently generates.