HomeMy WebLinkAboutOrd 4904 12/16/1997 ORDINANCE NO. 4904
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR UNLIMITED
TAX BONDS OF SPECIAL SERVICE AREA NUMBER ONE OF THE VILLAGE OF
MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING
JANUARY I, 1997 AND ENDING DECEMBER 31, 1997
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 16Ih day of December, 1997
Published in pamphlet form by
authority of the corporate authorities
of thc Village of Mount Prospect, Illinois,
the 16th day of December. 1997.
ORDINANCE NO. 4904
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR UNLIMITED
TAX BONDS OF SPECIAL SERVICE AREA NUMBER ONE OF THE VILLAGE OF
MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 1997 AND ENDING DECEMBER 31, 1997
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 fred as follows:
A. That pursuant to Village Ordinance No. 2954 adopted November 6, 1979 authorizing the
issuance of Unlimited Tax Bonds of Special Service Area Number 1 of the Village of Mount
Prospect there was levied for the year 1997 the sum of $22,470 for principal and interest
payments.
B. That as of December 1, 1997 there has been collected, deposited to and on hand in the
Article I - Unlimited Tax Bond and Interest Fund the sum of $2,470 for application to bond
and interest payments for the bonds issued pursuant to Village Ordinance 2954 adopted
November 6, 1979.
Section Two: It is hereby declared and determined by the President and Board of Trustees of this
Village that the amount of $22,470 levied for Unlimited Tax Bond and Interest payments of Special
Service Area Number 1 of this Village, pursuant to Village Ordinance No. 2954 adopted on November 6,
1979 be and the same is hereby abated in the amount of $2,470 leaving a balance of $20,000 as that
amount levied for such bond and interest payment purposes for the fiscal year commencing January i,
1997 and ending December 31, 1997.
Section Three: It is hereby declared and determined by the President and Board of Trustees of the
Village of Mount Prospect that Village Ordinance 2954 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.
Section 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.
YES: Clowes, Corcoran, Hoefert, Lohrstorfer, Nocchi, Wilks
NAYS: None
ABSENT: None
PASSED and APPROVED this 16th day of December, 1997.
Carol A. Fields, Village Clerk
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