HomeMy WebLinkAboutOrd 6350 12/05/2017 Abate a part of the taxes levied for corporate and municipal purposesORDINANCE NO. 6350
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, 2017 AND ENDING DECEMBER 31, 2017
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
The 5th day of lecetiibe, 2017
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois,
the 6th day of De einber, 2017.
ORDINANCE NO. 6350
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, 2017 AND ENDING DECEMBER 31, 2017
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE
OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
Section 1: 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 2017 the sum of $222,655.00
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 2017 the
sum of $369,956.26 for bond interest payments.
Section : It is hereby declared by the President and Board of Trustees of the Village of Mount
Prospect that the amount of $222,655.00 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 $180,655 as that amount levied for
such bond principal and interest payments for the fiscal year commencing January 1, 2017 and
ending December 31, 2017.
Scctoti 3: 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, 2017 and ending December 31, 2017.
`section 4: 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 5: 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.
Section 6: 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: Grossi, Hatzis, Hoefert, Rogers, Saccotelli, Zadel
NAYS: None
ABSENT: None
PASSED and APPROVED this 5" day of December, 2017.
ATTEST:
�44
Karen Agoranos, Vill e Clerk
2
W
rlite A. Juracek, Mayor