HomeMy WebLinkAboutOrd 4768 12/19/1995 ORDINANCE NO. 4768
AN ORDINANGE 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 MAY 1, 1995 AND ENDING DECEMBER 31, 1995
Passed and approved by
the President and Board of Trustees
the 19th day of December , 1995
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
19th day of December , 1995.
ORDINANCE NO. 4768
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR UNLIM1TI~D
TAX BONDS OF SPECIAL SERVICE AREA NUMBER ONE OF THE VILLAGE OF
MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING MAY 1,
1995 AND ENDING DECEMBER 31, 1995
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. 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 1995 the sum of $22,130 for principal and interest
payments.
B. That as of December 1, 1995 there has been collected, deposited to and on hand in the
Article I - Unlimited Tax Bond and Interest Fund the sum of $9,040 for application to bond
and interest payments for the bonds issued pursuant to Village Ordln~nce 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 $22,130 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 $9,040 leaving a balance of $13,090 as that
amount levied for such bond and interest payment purposes for the fiscal year conunencing May 1, 1995
and ending December 31, 1995.
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.
AYES: Clowes, Hendricks, Skowron, Wilks
NAYS: None
ABSENT: Corcoran, Hoefert
PASSED and APPROVED this 19th day of December. 1995.
ATTEST: ~~er~d L.~fl~~Pr~ident
Carol A. Fields, Village Clerk