HomeMy WebLinkAboutOrd 4745 08/01/1995 ORDINANCE NO. 4745
AN ORDINANCE PROVIDING FOR THE SUBMISSION OF
A CERTAIN QUESTION TO THE ELECTORS
OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS
Passed and approved by
the President and Board of Trustees
the 1st day of August ,1995
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
1st day of August ,1995.
7/13/95
ORDINANCE NO. 4745
AN ORDINANCE PROVIDING FOR THE SUBMISSION OF
A CERTAIN QUESTION TO THE
ELECTORS OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS
WHEREAS, the Mount Prospect Public Library has played a vital role in the community; and
WHEREAS, the 1974 Library Board had the foresight to understand that the demand for library services
continually increases and designed the present building with a structure that can support a second floor;
and
WHEREAS, the community demand upon the Mount Prospect Public Library for immediate, complete and
accurate information in a variety of formats is ever increasing; and
WHEREAS, increased funds are required in order to provide additional space and to pay for additional
operating costs necessary to continue to maintain the high level of services expected by the Mount
Prospect community from the Mount Prospect Public Library; and
WHEREAS, It has been determined by the Board of Library Trustees that an additional nineteen cents
($0.19) per one hundred dollar ($100) equalized assessed valuation is necessary to accomplish this result,
seven cents ($0.07) of which will generate sufficient revenue to pay principal and interest on bonds to be
issued in the amount of $9,500,000 dollars, and the remaining twelve cents ($0.12) of which will generate
sufficient funds to cover additional operating costs prompted by the expansion; and
WHEREAS, the Village of Mount Prospect is a home rule unit within the meaning cf the Constitution of
Illinois, 1970; and
WHEREAS, pursuant to a request developed and agreed upon by the Board of Library Trustees, the
President and Board of Trustees of the Village of Mount Prospect desire to submit to the electors of the
Village of Mount Prospect a ,proposition concerning the expansion of the Mount Prospect Public Library;
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That the following question be submitted to the electors of the Village of Mount Prospect
at the General Election to be held in November, 1995:
Shall the annual library tax of the Mount Prospect Public Library be increased from
.28% of full fair cash value to .47% of full cash value of all taxable property, as
equalized or assessed by the Illinois Department of Revenue, to pay principal of
and interest on general obligation bonds in an amount not to exceed $9,500,000
to be issued by the Village of Mount Prospect for renovation and expansion of the
Mount Prospect Public Library and to pay for operation and maintenance of the
expanded facility?.
SECTION TWO: That the Village Clerk of the Village of Mount Prospect, as the local election official, is
directed hereby to file a certified copy hereof with the Cook County Clerk and within the time authorized by
law certify the public question to be submitted to the voters of the Village of Mount Prospect at the
aforesaid November, 1995 General Election to the election authority having jurisdiction over any of the
territory of the Village of Mount Prospect in which the aforesaid question is to be submitted to referendum,
as well as all other persons authorized by law to receive such notice and/or certification.
SECTION THREE: That this Ordinance shall be in full force and effect from and after its passage,
approval, and publication in the manner provided by law.
AYES: Clowes, Corcoran, Hoefert, Skowron, Wilks
NAYS: Hendricks
ABSENT: None
PASSED AND APPROVED this 1 s t
day of August ~.~ ,1995