HomeMy WebLinkAboutOrd 4125 12/05/1989ORDINANCE NO. 4125
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES
FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA NUMBER ONE,
EPECIAL 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, 1989
AND ENDING APRIL 30, 1990
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 5th day of December , 1989
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
6th day of December , 1989.
ORDINANCE NO. 4125
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, 1989 AND
ENDING APRIL 30, 1990
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 twenty two thousand two hundred ninety
dollars ($22,290), 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, 1989, and ending April 30, 1990, 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 1989. 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. 4044 at a meeting hereof regularly convened and held
in said Village of Mount Prospect, Illinois, on the 18th day of April, 1989, 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 twenty-eight thousand seven hundred
dollars ($28,700), 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, 1989, and ending April 30, 1990, 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 1989. The budgetary apropriations having been made heretofore by the
President and Board of Trustees of the Village of Mount Prospect were passed and
approved by Ordinance No. 4044 at a meeting hereof regularly convened and held
in said Village of Mount Prospect, Illinois, on the 18th day of April, 1989, and
thereafter duly published according to law, the various objects and purposes for
said budgetary appropriations were heretofore made are set forth under the
columm 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 II.
Section 3 That the sum of one million five hundred seventy-five
thousand dollars ($1,575,000), 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, 1989, and ending April 30, 1990, 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 1989. 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. 4044 at a meeting hereof
regularly convened and held in said Village of }~ount Prospect, Illinois on the
18th day of April, 1989, 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-one thousand dollars ($31,000),
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, 1989, and
ending April 30, 1990, 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 1989.
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. 4044 at a meeting hereof regularly convened and held in said
Village of Mount Prospect, Illinois on the 18th day of April, 1989, and there-
after 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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ARTICLE I - SPECIAL SERVICE AREA NO. 1
091 Special Service Area No. 1 Bonds & Interest
9561 Principal
9562 Interest
Amount Amount
Appropriated Levied
$ 12,000 $ 12,000
11,060 10,290
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 1
BONDS & INTEREST
AMOUNT TO BE RAISED BY TAX LEVY
ADD 5% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR SPECIAL SERVICE AREA NO. 1
$ 23,060
$ 22,290
1,115
ARTICLE II - SPECIAL SERVICE AREA NO. 2
091 Special Service Area No. 2 Bonds & Interest
9563 Principal
9564 Interest
$ 20,000
10,150
$ 20,000
8,700
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 2
BONDS & INTEREST
AMOUNT TO BE RAISED BY TAX LEVY
ADD 5% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR SPECIAL SERVICE AREA NO. 2
$ 28,700
1,435
ARTICLE III - SPECIAL SERVICE AREA NO. 5
072 Lake Water Acquisition
8720 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
ADD 3% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISITION
$1,325,000
$1,325,000
39,750
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072 Special Service Area No. 5 Bonds & Interest
9569 SSA #5 Principal
9570 SSA #5 Interest
9571 SSA #5 Bank Charge
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
BONDS & INTEREST
AMOUNT TO BE RAISED BY TAX LEVY (1)
ADD 5% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 5 BONDS & INTEREST
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
AMOUNT TO BE RAISED BY TAX LEVY
ADD FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR SPECIAL SERVICE AREA NO. 5
(i) Amount to be raised by tax levy has been reduced by
an abatement to be filed of $44,937.50.
Appropriated
$ 225,000
86,940
400
$ 312,340
Amount
Levied
$ 225,000
25,000
$ 250,000
12,500
$ 262,500
$1,575,000
52,750
ARTICLE IV - SPECIAL SERVICE AREA NO. 6
091 Special Service Area No. 6 Bonds & Interest
9572 SSA #6 Principal
9573 SSA #6 Interest
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 6
BONDS & INTEREST
AMOUNT TO BE RAISED BY TAX LEVY (2)
ADD 5% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 6
$ 10,000
25,515
$ 10,000
21,000
$ 31,000
1,550
(2) Amount to be raised by tax levy has been reduced by an
abatement to be filed of $3,912.50.
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S U M M A R Y
ARTICLE
Amount Amount
Amount To Be Raised For Loss
Appropriated By Tax Levy And Cost
Total Tax Levy
Including
Loss & Costs
Special Service Area No. 1 $ 23,060 $ 22,290 $ 1,115 $ 23,405
II Special Service Area No. 2
30,150 28,780 1,435 30,135
III Special Service Area No. 5
IV Special Service Area No. 6
(1) 1,637,340 1,575,000 52,250 1,627,250
(2) 35,515 31,000 1,550 32,550
(1) Amount to be raised by tax levy has been reduced by an abatement to be filed of
$44,937.50.
(2) Amount to be raised by tax levy has been reduced by an abatement to be filed of
$3,912.50.
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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 uncon-
stitutional 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.
AYES: Arthur, Busse, Corcoran, Van Geem
NAYS: None
ABSENT: Floros, Wattenber§
PASSED AND APPROVED THIS 5th day of December, 1989
ATTEST:
Village President
Village Clerk
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