HomeMy WebLinkAboutRes 04/18/1944 R E S O L U T I O N
* *
AREAS, there is in the Village of Mount Prospect a large
amount of property which is and has been delinquent for non - payment of
general taxes for more than ten years last past, and said properties have
been forfeited to the State for non - payment of taxes; that as a result of
such delinquency, the Village of Mount Prospect and other taxing bodies
in this area are embarrassed and handicapped in the performance of their
governmental functions and obligations; and that such continued delinquency
detrimentally affects the welfare of the Village of Mount Prospect; and,
WHEREAS, efforts have been made by other taxing bodies in the
area, in cooperation with the Village of Mount Prospect, to effect a clean-
up of delinquent taxes by lawful proceedings for the liquidation of the
tax delinquency and to place the property on a current tax paying basis,
but the effort to clean up the tax delinquencies cannot succeed by reason
of the fact that there are also levied against the said properties so de-
linquent, various special assessments for improvements constructed; and,
1RBREAS, it is the opinion of the Board of Trustees of the Village
of Mount Prospect that it is to the best interests of the special assessment
bondholders to cooperate in the settlement of such delinquent special assess-
ments; and,
WHEREAS, it is essential to the successful carrying on of
the functions of the Village of Mount Prospect, and also of other taxing
bodies in the area, including the schools which are necessary to the proper
development of the community, that the said delinquent property be liquidated
and placed on a current tax paying basis.
r
BE IT, AND IT IS, THEREFORE, RESOLVED by the President and Board
of Trustees of the Village of Mount Prospect:
SECTION 1. That the Board of Trustees of the Village of Mount
Prospect, as Trustees for the special assessment
bondholders, receive, investigate, study and convey to the
bondholders all proposals which it deems equitable in connection
with delinquent special assessments, for the purpose of facilitating
the settlement of such delinquent special assessments and the
ultimate placing on a current tax paying basis of the delinquent
property involved.
SECTION 2. That the Board of Trustees of the Village of Mount
Prospect cooperate with committees of other taxing
bodies for the purpose of forming a plan for the orderly liquidation
of all delinquent property in the Village of Mount Prospect,
including taxes and special assessments.
SECTION 3. That the Village Collector be, and is hereby re-
quested to assist in the preparation of any information
that may be required by the Board of Trustees of the Village of Mount
Prospect with respect to delinquent special assessments.
SECTION 4. This Resolution shall be in full force and effect
from and after its approval and passage.
PASSED this 4 day of A. D. 1944
AYES: .i NAYS: n
APPROVED. this day r 71..; A. D. 19
2 49.99