HomeMy WebLinkAboutOrd 4903 12/16/1997 ORDINANCE NO. 4903
AN ORDINANCE AUTHORIT, rN'G TH~ LBVY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER ONE, SPF, CIAL SERVICE AREA NUMB~ FIVE, AND SPECIAL
SERVICE AREA NUMBER SIX OF TI~ VILLAGE OF MOUNT PROSPECT
FOR THE FISCAL YEAR BEGINNING JANUARY 1, 1997 AND ENDING
DECEMBER 31, 1997
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 16th day of December, 1997
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 16th day of December, 1997.
ORDINANCE NO. 4903
AN ORDINANCE AUTHORITJNG THE LEVY AND COLLECTION OF
TAX~ FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER ONE, SPECIAL SERVICE AREA NUMBER FIVE, AND SPECIAL
SERVICE AREA NUMBER SIX OF THE VILLAGE OF MOUNT PROSPECT
FOR THE FISCAL YEAR BEGINNING JANUARY 1, 1997 AND ENDING
DECEMBER 31, 1997
NOW THEREFORE, BE IT ORDAINED BY THE President and Board of Trustees of the
Village of Mount Prospect, Cook County, Illinois:
Section 1: That the sum of Twenty Thousand Dollars ($20,000), the same be'rog the total
amount to be levied of budget appropriations heretofore made for the municipal purposes for the
fiscal year beginning January 1, 1997, and ending December 31, 1997, as approved by the
President and Board of Trustees of the Village of Mount Prospect, be and the same is hereby
levied of all taxable property within the Spec'mi Service Area No. 1 of the Village of Mount
Prospect according to the valuation of said property as is, or shall be assessed or equalized by
State and County purposes for the current year 1997. The budgetary appropriations having been
made heretofore by the President and Board of Trustees of the Village of Mount Prospect were
passed and approved by Ordinance No. 4834 at a meeting hereof regularly convened and held
in said Village of Mount Prospect, Illinois, on the 17th day of December, 1996, and thereafter
duly published according to law, the various objects and puq~oses for said budgetary
appropriations were heretofore made are set forth under the column entitled "Amount Budgeted,"
and the specific amount herein levied for each object and purpose is set forth under the column
"Amount Levied" in Article I.
Section 2: That the sum of One Million Five Hundred Fifteen Thousand Four Hundred Sixty-
Four Dollars ($1,515,464), the same being the total amount to be levied of budget appropriations
heretofore made for the municipal purposes for the fiscal year beginning January 1, 1997, and
ending December 31, 1997, as approved by the President and Board of Trustees of the Village
of Mount Prospect, be and the same is hereby levied on all taxable property within the Special
Service Area Number 5 of the Village of Mount Prospect according to the valuation of said
property as is, or shall be, assessed or equalized by State and County purposes for the current
year 1997. The budgetary appropriations having been made heretofore by the President and
Board of Trustees of the Village of Mount Prospect were passed and approved by Ordinance No.
4834 at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois
on the 17th day of December, 1996, and thereafter duly published according to law, the various
objects and purposes for said budgetary appropriations were heretofore made are set forth under
the column entitled ~Amount Budgeted," and the specific amount herein levied for each object
and purpose is set forth under the column entitled "Amount Levied" in Article II.
Section 3: That the sum of Thirty Seven Thousand Four Hundred Twenty Dollars ($37,420),
the same being the total amount to be levied of budget appropriations heretofore made for the
municipal purposes for the fiscal year beginning January 1, 1997, and ending December 31,
1997, as approved by the President and Board of Trustees of the Village of Mount Prospect, be
and the same is hereby levied on all taxable property within the Special Service Area Number
6 of the Village of Mount Prospect according to the valuation of said property as is, or shall be,
assessed or equalized by State and County purposes for the current year 1997. The budgetary
appropriations having been made heretofore by the President and Board of Trustees of the
Village of Mount Prospect were passed and approved by Ordinance No. 4834 at a meeting
hereof regularly convened and held in said Village of Mount Prospect, Illinois on the 17th day
of December, 1996, and thereafter duly published according to law, the various objects and
proposes for said budgetary appropriations were heretofore made are set forth under the column
entitled "Amount Budgeted,~ and the specific amount herein levied for each object and pml0ose
is set forth under the column entitled "Amount Leviedu in Article HI.
Amount Amount
Budgeted Levied
ARTICLE I - SPECIAL SERVICE AREA NO. I
81 Spex:ial $~rvi¢~ Area No, 1 Bonds & Interest
818106-710601 Pr'meipal $ 21,000 $ 20,000
818106-720602 Interest 1,470
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 1
BONDS & INTEREST $ 22.470
AMOUNT TO BE RAISED BY TAX LEVY (1) $ 20,000
ADD 2% FOR LOSS & COST OF COLLECTION 400
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 1 $20.400
(1) Amount to be raised by tax levy has been reduced by
an abatement to be filed of $2,470.
ARTICLE II -SPECIAL SERVICE AREA NO. 5
61 Lake Water Acouisition
615512-540800 SSA//5 JAWA Water $1,730,000 $ 365,464
615512-540815 SSA g5 JAWA Fixed Costs 1.218.000 1.150.000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISITION ~
AMOUNT TO BE RAISED BY TAX LEVY $1,515,464
ADD 2% FOR LOSS & COST OF COLLECTION 30.309
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 5 ~
Amount Amount
Budgeted Levied
ARTICLE III - SPECIAL SERVICE AREA NO. 6
83 Special Service Area No. 6 Bonds & Interest
838106-710607 SSA//6 Principal $ 20,000 $ 20,000
838106-720608 SSA g6 Interest 17,420 17.420
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 6
BONDS & INTEREST $ 37,420
AMOUNT TO BE RAISED BY TAX LEVY $ 37,420
ADD 2% FOR LOSS & COST OF COLLECTION 748
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 6 $ 38.168
SUMMARY
Araount Amount Total Tax Levy
Amoum To Be Raised For Loss Including
ARTICLE Budgeted By Tax Levy And Cost LoSS & Costs
I Special Service Area No.1 (1) $ 22,470 $ 20,000 $ 400 $ 20,400
II Special Service Area No.5 2,948,000 1,515,464 30,309 1,545,773
III Special Service Area No.6 37,420 37,420 748 38,168
(1) Amount to be raised by tax levy has been reduced by an abatemem to be filed of $2,470.
4
ection 4: That the Village Clerk of the Village of Mount Prospect is hereby directed to certify
a copy of this Ordinance and is hereby authorized and directed to file a copy of the same with
the County Clerk of Cook County, Illinois, within the time specified by law.
Section 5: That, if any part or parts of this Ordinance shall be held to be unconstitutional or
otherwise invalid, such unconstitutionality or invalidity, shall not affect the validity of the
remaining parts of this Ordinance. The President and Board of Trustees of the Village of Mount
Prospect hereby declares that they would have passed the remaining pros of the Ordinance if
they had known that such part or parts thereof would be declared unconstitutional or otherwise
invalid.
Section 6: That this Ordinance shall be in full force and effect from and after its passage,
approval, publication in pamphlet form and recording, as provided by law.
AYF_~q: Clwoes, Corcoran, Hoefert, Lohrstorfer, Nocchi, Wilks
NAYS: None
ABSENT: None
PASSED and APPROVED THIS 10th Day of December, 1997
Gerald L. Farley, Vil~dent
ATrEST:
Carol Fields, Village Clerk