HomeMy WebLinkAboutOrd 5075 12/21/1999 ORDINANCE NO. 5 0 7 5
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
UNLIMITED TAX BONDS OF SPECIAL SERVICE AREA NUMBER SIX OF
THE VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR
BEGINNING JANUARY 1, 1999 AND ENDING DECEMBER 31, 1999
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 21 day of Deeomh~r , 1999
Published in pamphlet form bY
authority of the corporate authorities
of the Village of Mount Prospect, Illinois,
the 22 day of December , 1999.
ORDINANCE NO. 5 0 7 5
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
UNLIMITED TAX BONDS OF SPECIAL SERVICE AREA NUMBER SIX OF
THE VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR
BEGINNING JANUARY 1, 1999 AND ENDING DECEMBER 31, 1999
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. 3950 adopted June 21, 1988 authorizing the
issuance of Unlimited Tax Bonds of Special Service Area Number 6 of the Village of
Mount Prospect there was levied for the year 1999 the sum of $39,155 for principal
and interest payments.
B. That as of December 1, 1999 there has been collected, deposited to and on hand in the
Article I - Unlimited Tax Bond and Interest Fund the sum of $1,377 for application to
bond and interest payments for the bonds issued pursuant to Village Ordinance 3950
adopted June 21, 1988.
Section Two: It is hereby declared and determined by the President and Board of Trustees of this
Village that the amount of $39,155 levied for Unlimited Tax Bond and Interest payments of
Special Service Area Number 6 of this Village, pursuant to Village Ordinance No. 3950 adopted
on June 21, 1988 be and the same is hereby abated in the amount of $1,377 leaving a balance of
$37,778 as that amount levied for such bond and interest payment purposes for the fiscal year
commencing January 1, 1999 and ending December 31, 1999.
Section Three: It is hereby declared and determined by the President and Board of Trustees of
the Village of Mount Prospect that Village Ordinance 3950 is hereby amended with respect to the
tax abatement declared herein and set forth in Section Two of this Ordinance.
Section Four: 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.
ection Five: 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: Corcoran, Hoefert, Lohrstorfer, Nocchi, Skowron, Wilks
NAYS: None
ABSENT: None
PASSED and APPROVED this 21 st day of December , 1999.
ATTEST: Gered L.~Fhrley,/Village Pre'dent
xTeima w. Lowe, *qillage Clerk