HomeMy WebLinkAboutOrd 4508 12/15/1992 ORDINANCE NO. 4 5 0 8
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER ONE, SPECIAL SERVICE AREA NUMBER TWO, SPECIAL
SERVICE AREA NUMBER FIVE, AND SPECIAL SERVICE AREA NUMBER
SlX OF THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR
BEGINNING MAY 1, 1992 AND ENDING APRIL 30, 1993
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 15th day of December, 1992
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 15th day of December, 1992.
ORDINANCE NO. /4508
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER ONE, SPECIAL SERVICE AREA NUMBER TWO, SPECIAL
SERVICE AREA NUMBER FIVE, AND SPECIAL SERVICE AREA NUMBER
SIX OF THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR
BEGINNING MAY 1, 1992 AND ENDING APRIL 30, 1993
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 fifteen thousand dollars ($15,000.00), 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, 1992, and ending April 30, 1993, 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 valuation of said property as is, or shall be assessed or equalized by State and
County purposes for the current year 1992. 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. 4427 at a meeting hereof regularly convened and held in said
Village of Mount Prospect, Illinois, on the 21st day of April, 1992, 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 fifteen thousand dollars ($15,000.00), 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, 1992, and ending April 30, 1993, 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 No. 2 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 1992. 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. 4427 at a meeting hereof regularly convened and held in said
Village of Mount Prospect, Illinois, on the 21st day of April, 1992 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 UAmount Appropriated,' 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 one million three hundred twenty five thousand dollars
($1,325,000.00), the same being the total amount to be levied of budget appropriations
heretofore made for the municipal purposes for the riseal year beginning May 1, 1992, and
ending April 30, 1993, 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~d by State and County purposes for the current
year 1992. 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.
4427 at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois
on the 21st day of April, 1992, 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.
Section 4: That the sum of thirty five thousand dollars ($35,000.00), 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, 1992, and ending April 30, 1993, 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 1992. 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. 4427 at a meeting hereof regularly convened and held in said
Village of Mount Prospect, Illinois on the 21st day of April, 1992, 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 IV.
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Amount/~ Amount
ADDrODriaL Levi~J
ARTICLE I - SPECIAL SERVICE AREA NO,
091 Special Service Area No. 1 Bonds & Interest
9561 Principal $ 14,000 $ 14,000
9562 Interest $,470 1.000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 1
BONDS & INTEREST ~
AMOUNT TO BE RAISED BY TAX LEVY (1) $ 15,000
ADD 5% FOR LOSS & COST OF COLLECTION 750
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 1 $ 15~750
(1) Amount to be raised by tax levy has been reduced by
an abatement to be fried of $7,490.00.
ARTICLE II - SPECIAL SERVICE AREA NO. :2
091 Soeeial Service Area No. 2 Bonds & Interest
9563 Principal $ 25,000 $ 15,000
9564 Interest 5.800
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 2
BONDS & INTEREST $ 30.800
AMOUNT TO BE RAISED BY TAX LEVY (2) $ 15,000
ADD 5% FOR LOSS & COST OF COLLECTION 750
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 2 $ 15.750
(2) Amount to be raised by tax levy has been reduced by
an abatement to be filed of $13,987.50.
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Amount/"~ Amount
~pprooriat. Levied
ARTICLE III -SPECIAL SERVICE AREA NO. 5
072 Lake Water AcQuisition
6705 SSA//5 JAWA Fixed Costs $1.325.000 $1,325,000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISITION ~
AMOUNT TO BE RAISED BY TAX LEVY $1,325,000
ADD 3% FOR LOSS & COST OF COLLECTION 39,750
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 5 $1.364.750
ARTICLE IV - SPECIAL SERVICE AREA NO. 6
091 Special Service Area No. 6 Bonds & Interest
9572 SSA #6 Principal $ 15,000 $ 15,000
9573 SSA g6 Interest 22,988 20,000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 6
BONDS & INTEREST $ 37.988
AMOUNT TO BE RAISED BY TAX LEVY (3) $ 35,000
ADD 5% FOR LOSS & COST OF COLLECTION 1.750
TOTAL AMOUNT TO BE RAISED BY TAX I.EVY
FOR SPECIAL SERVICE AREA NO. 6 $ 36,750
(3) Amount to be raised by tax levy has been reduced by an
abatement to be filed of $2,987.50.
SUMMARY
Amount Amount Total Tax Levy
Amount To Be Raised For Loss Including
ARTICLE At~roDriated By Tax Levy And Cost Loss & Costs
I Special Service Area No.1 (1) $ 22,470 $ 15,000 $ 750 $ 15,750
H Special Service Area No.2 (2) 30,800 15,000 750 15,750
III Special Service Area No.5 1,325,000 1,325,000 39,750 1,364,750
IV Special Service Area No.6 (3) 37.988 35.000 1,750 36,750
$1,416,258 $1,390.000 $43,000 $1~433,000
(1) Amount to be raised by tax levy has been reduced by an abatement to be filed of $7,490.00.
(2) Amount to be raised by tax levy has been reduced by an abatement to be filed of $13,987.50.
O) Amount to be raised by tax levy has been reduced by an abatement to be filed of $2,987.50.
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ection 5: 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 6: 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 7: 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.
AYBS: Busse, Clowes, Corcoran, Hoefert
NAYS: None
ABSENT: Wilks, Floros
PASSED and APPROVED THIS 15th Day of December, 1992
ATTEST: ~ ~Gerald L. F~ley, Vill~tge ~ident
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