HomeMy WebLinkAboutOrd 4692 12/21/1994 ORDINANCE NO. 4692
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 AREA
NUMBER SIX OF THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL
YEAR BEGINNING MAY 1, 1994 AND ENDING APRIL 30, 1995
Passed and approved by
the President and Board of Trustees
the 21st day of December ,1994
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
21st ,, day of December, 1994,
ORDINANCE NO. 4692
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION
OF TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL
SERVICE AREA NUMBER ONE, SPECIAL SF, RVICE AREA
NUMBER FIVE, AND SPECIAL SERVICE AREA NUMBER SIX OF
THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR
BEGINNING MAY 1, 1994 AND ENDING APRIL 30, 1995
NOW THEREFORE, BE IT ORDAnqED BY THE President and Board of Trustees of the
Village of Mount Prospect, Cook County, Illinois:
Section 1: That the sum of Twelve Thousand Four Hundred and Seventy Dollars ($12,470),
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, 1994, and ending April 30, 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. 1 of the
Village of Mount Prospect according to the v~uation of said property as is, or shall be assessed
or equalized by State and County purposes for the current year 1994. 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. 4636 at a meeting
hereof regularly convened and held in said Village of Mount Prospect, Illinois, on the 19th day
of April, 1994, 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 pmt~ose is
set forth under the column 'Amount Levied" in Article I.
Section 2: That the sum of One Million Four Hundred Thousand Dollars ($1,400,000), 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, 1994, and ending April 30, 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 equaliT~l by State and County pml~oses for the current year 1994. 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. 4636 at a meeting
hereof regularly convened and held in said Village of Mount Prospect, Illinois on the 19th day
of April, 1994, 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 H.
Section 3: That the sum of Thirty Five Thousand Nine Hundred and Forty Dollars ($35,940),
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, 1994, and ending April 30, 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 eqnnliTed by State and County purposes for the current year 1994. 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. 4636 at a meeting
hereof regularly convened and held in said Village of Mount Prospect, Illinois on the 19th day
of April, 1994, 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 Appropriated,' and the specific amount herein levied for each object and purpose is
set forth under the column entitled 'Amount Levied" in Article HI.
Amount Amount
A~)~runriated Levied
ARTICLE I - SPECIAL SERVICE AREA NO. 1
046 Special Service Area No. 1 Bonds & Interest
091 - 9561 Principal $ 16,000 $ 12,470
091 - 9562 Interest 6,440
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 1
BONDS & INTk~REST $ 22.4AdAdAdAdAdAd~)
AMOUNT TO BE RAISED BY TAX LEVY (1) $ 12,470
ADD 5% FOR LOSS & COST OF COLLECTION 624
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. I $13094
(1) Amount to be raised by tax levy has been reduced by
an abatement to be filed of $9,850.
ARTICLE Il -SPECIAL SERVICE AREA NO. 5
061 Lake Water A¢ouisition
072 - 6703 SSA #5 JAWA O/M Costs $ 125,000 $ 125,000
072 - 6705 SSA//5 JAWA Fixed Costs 1.275.000 1.275.000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISITION ~
AMOUNT TO BE RAISED BY TAX LEVY $1,400,000
ADD 3% FOR LOSS & COST OF COLLECTION 42.000
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 5 $ 1.442.000
ARTICLE IH - SPECIAL SERVICE AREA NO. 6
048 S~ecial Service Area No. 6 Bonds & Interest
091 - 9572 SSA #6 Principal $ 15,000 $ 15,000
091 - 9573 SSA//6 Interest 21.975 20,940
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 6
BONDS & INTEREST $36.975
AMOUNT TO BE RAISED BY TAX LEVY $ 35,940
ADD 5% FOR LOSS & COST OF COLLECTION 1,797
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 6 $ 37.7~7
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SUMMARY
Amount Amount Total Tax Levy
Amount To Be Raised For Loss Including
ARTICLE ApDrooriated By Tax Levy_ And Cost Loss & Costs
I Special Service Area No.1 (1) $ 22,440 $ 12,470 $ 624 $ 13,094
II Special Service Area No.5 1,460,000 1,400,000 42,000 1,442,000
III Special Service Area No.6 36,975 35,940 1,797 37,737
(1) Amount to be raised by tax levy has been reduced by an abatement to be filed of $9,850.
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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 parts of the Ordinance ff
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, Corcoran, Hendricks, Hoefert, Skowron, Wilks
NAYS: None
ABSENT: None
PASSED and APPROVED THIS 21st Day of December, 1994
ATI~EST:
Village Clerk
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