HomeMy WebLinkAboutOrd 6289 12/20/2016 To abate a part of the taxes levied for corporate and municipal purposesORDINANCE NO. 6289
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF
MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2016 AND ENDING DECEMBER 31, 2016
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 201h day of December, 2016
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois,
the 21" day of _December, 2016.
ORDINANCE NO. 6289
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF
MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2016 AND ENDING DECEMBER 31, 2016
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE
OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
Section One: The President and Board of Trustees of the Village of Mount Prospect find as
follows:
A. That pursuant to Village Ordinance No. 5772 adopted December 1, 2009
authorizing the issuance of general obligation bonds for financing a portion of the
costs of constructing a replacement fire station, emergency operations center and
public works expansion there was levied for the year 2016 the sum of
$205,842.50 for bond interest payments.
B. That pursuant to Village Ordinance No. 6090 adopted August 20, 2013
authorizing the issuance of general obligation bonds for financing the
construction of various flood control projects throughout the village there was
levied for the year 2016 the sum of $369,956.26 for bond interest payments.
Section Two: It is hereby declared by the President and Board of Trustees of the Village of
Mount Prospect that the amount of $205,842.50 levied for G.O. Bond principal and interest
payments for the purpose of funding a portion of the costs of constructing a replacement fire
station, emergency operations center and public works expansion pursuant to Ordinance No.
5772 be and the same is hereby abated in the amount of $42,000 leaving a balance of
$163,842.50 as that amount levied for such bond principal and interest payments for the fiscal
year commencing January 1, 2016 and ending December 31, 2016.
Section Three: It is hereby declared by the President and Board of Trustees of the Village of
Mount Prospect that the amount of $369,956.26 levied for G.O. Bond interest payments for the
purpose of funding the construction of various flood control projects throughout the village
pursuant to Ordinance No. 6090 be and the same is hereby abated in the amount of $369,956.26
being the entire amount levied for such bond interest payment purposes for the fiscal year
commencing January 1, 2016 and ending December 31, 2016.
Section Four: Village Ordinance Nos. 5772 and 6090 are hereby amended with respect to the
tax abatements declared herein and set forth in Sections Two and Three of this Ordinance.
Section Five: The Village Clerk of the Village of Mount Prospect is hereby authorized and
directed to file a certified copy of this Ordinance with the County Clerk of Cook County, Illinois
within the time specified by law.
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Section Six: This Ordinance shall be in full force and effect upon its passage, approval and
publication in pamphlet form and filing as provided by law.
AYES: Hoefert, Matuszak, Polit, Rogers, Saccotelli, Zadel
NAYS: None
ABSENT: None
PASSED and APPROVED this 20`h day of December, 2016.
ATTEST:
&- It -4 0q,
Karen Agoranos, Dep ty Village Clerk
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Arlene A. Juracek, Mayor