HomeMy WebLinkAboutOrd 4769 12/19/1995 ORDINANCE NO. 4769
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES
FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER ONE, SPECIAL SERVICE AREA NUMBER FIVE, AND
SPECIAL SERVICE NUMBER SIX OF THE VILLAGE OF MOUNT PROSPECT
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. ' 4769
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION
OF TAXF_3 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
BF_J3INNING MAY I, 1995 AND ENDING DECEMBER 31, 1995
NOW THEREFORE, BE IT ORDAINED BY THE President and Board of Trustees of the
Village of Mount Prospect, Cook County, Illinois:
Section I: That the sum of Thirteen Thousand and Ninety Dollars ($13,090), the same being
the total amount to be levied of budget appropriations heretofore made for the municipal
purposes for the fiscal year beginning May I, 1995, and ending December 31, 1995, 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 Special Service Area No. I 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 1995. The budgetary
appropriations having beeh made heretofore by the President and Board of Trustees of the
Village of Mount Prospect were passed and approved by Ordinance No. 4719 at a meeting
hereof regularly convened and held in said Village of Mount Prospect, Illinois, on the 18th day
of April, 1995, 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 Appropriated," 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 Four Hundred and Fifty Thousand Dollars
($1,450,000), the same being the total amount to be levied of budget appropriations heretofore
made for the municipal purposes for the fiscal year beginning May 1, 1995, and ending
December 31, 1995, 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 1995.
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. 4719
at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois on
the 18th day of April, 1995, and thereafter duly published according to law, the various objeets
and pu~oses for said budgetary appropriations were heretofore made are set forth under the
column entitled "Amount Appropriated," and the specific amount herein levied for each objeet
and purpose is set forth under the column entitled "Amount Levied" in Article II.
Se¢tion 3: That the sum of Thirty Four Thousand Eight Hundred and Ninety Dollars
($34,890), the same being the total amount to be levied of budget appropriations heretofore made
for the municipal purposes for the fiscal year beginning May 1, 1995, and ending December 31,
1995, 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 1995. 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. 4719 at a meeting
hereof regularly convened and held in said Village of Mount Prospect, Illinois on the 18th day
of April, 1995, 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 Appropriated," and the specific amount herein levied for each object and purpose is
set forth under the column entitled "Amount Levied" in Article III.
Amoun Amount
Appropriatea I~vi~l
ARTICLE I - SPECIAL SERVICE AREA NQ, 1
81 Special Service Area No. 1 Bonds & Interest
818106-710601 Principal $ 17,000 $ 13,090
818106-720602 Interest 5.320
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 1
BONDS & INTI~REST $ 22.320
AMOUNT TO BE RAISED BY TAX LEVY (1) $ 13,090
ADD 5% FOR LOSS & COST OF COLLECTION 65~
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. I $13.745
(1) Amount to be raised by tax levy has been reduced by
an abatement to be filed of $9,040.
ARTICLE II -SPECIAL SERVICE AREA NO. 5
61 Lake Water Acauisition
615512-540800 SSA//5 SAWA Water $1,050,000 $ 635,000
615512-540815 SSA ~ JAWA Fixed Costs 815.000 815.000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISmON ~
AMOUNT TO BE RAISED BY TAX LEVY $1,450,000
ADD 3% FOR LOSS & COST OF COLLECTION 43.500
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 5 $1.493.500
ARTICLE III - SPECIAL SERVICE AREA NO. 6
83 Special $¢rvi¢¢ Are~ N0,.6 Bonds & Interest
838106-710607 SSA//6 Principal $ 17,000 $ 17,000
838106-720608 SSA #6 Interest 20.940 17,$90
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 6
BONDS & INTEREST $ 37.940
AMOUNT TO BE RAISED BY TAX LEVY $ 34,890
ADD 59[ FOR LOSS & COST OF COLLECTION 1.745
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 6 $ 36.635
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SUMMARY
Amount Amount Total Tax Levy
Amount To Be Raised For Loss Including
ARTICLE A~roDriated By Tax Levy_ And Cost Loss & Costs
I Special Service Area No.l (1) $ 22,320 $ 13,090 $ 655 $ 13,745
II Special Service Area No.5 1,865,000 1,450,000 43,500 1,493,500
III Special Service Area No.6 37,940 34,890 1,745 36,635
(1) Amount to be raised by tax levy has been reduced by an abatement to be filed of $9,040.
ection 4: That the Village Clerk of the Village of Mount Prospect is hereby dkected 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 si~ified 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 parts 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.
AYES: Clowes, Hendricks, Skowron, Wilks
NAYS: None
ABSF_aYr: Corcoran, Hoefert
PASSED and APPROVED THIS 19th Day of December, 1995
ATTEST:
Village Clerk
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