HomeMy WebLinkAboutOrd 4005 12/06/1988ORDINANCE NO. 4005
AN ORDINANCE TO ABATE A PART OF THE TAXES FOR
UNLIMITED TAX BONDS OF SPECIAL SERVICE AREA
NUMBER 3, SPECIAL SERVICE AREA NUMBER 4, AND
SPECIAL SERVICE AREA NUMBER 6 OF THE VILLAGE
OF MOUNT PROSPECT, FOR THE FISCAL YEAR
BEGINNING MAY 1, 1988 AND ENDING APRIL 30, 1989
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 6th day of December, 1988
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
7th day of December, 1988.
ORDINANCE NO. ~005
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
UNLIMIIED TAX BONDS OF SPECIAL SERVICE AREA NUMBER 3,
SPECIAL SERVICE AREA NUMBER 4, AND SPECIAL SERVICE AREA
NUMBER 6 OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS
FOR THE FISCAL YEAR BEGINNING MAY 1, 1988 AND ENDING
APRIL 30, 1989
BE Il ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT
PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: The Preszdent and Board of Trustees of the Village of Mount
Prospect fznd as follows:
That pursuant to Vzllage Ordznance No. 3143 adopted September 15,
1981 and ss amended by Ordznance 3164 adopted December 1, 1981 and
authorlzzng the zssuance of unizmzted tax bonds of SpeczaI Serwce
Area Number 3 of the Vzilage of Mount Prospect there was ievzed for
the year 1988 the sum of $4,698 for prlnczpai and interest payments.
That pursuant to Vzllage Ordinance No. 3144 adopted September 15,
1981 and as amended by Ordznance 3165 adopted December 1, 1981 and
authorzzzng the zssuance of unlzmzted tax bonds of Speclai Serwce
Ares Number 4 of the Vzliage of Mount Prospect there was Iewed for
the year 1988 the sum of $9,395 for prznclpai and znterest payments.
That pursuant to Vzllage Ordznance No. 3950 adopted 3une 21, 1988 and
authorzzzng the zssuance of unlzmlted tax bonds of Speczal Servzce
Area Number 6 of the Vzllage of Mount Prospect there was levzed for
the year 1988 the sum of $46,143 for prznczpal and znterest
payments.
That as of December 1, 1988 there has been collected, deposited to
and on hand zn the Artzcle III - UnIzmzted Tax Bond and Interest Fund
the sum of $1,998 for sppizcatlon to bond and znterest payments for
the bonds zssued pursuant to Vzliage Ordznance 3143 adopted
September 15, 1981 and as amended by Ordznance 3164 adopted
December 1, 1981.
That as of December 1, 1988 there has been collected, deposited to
and on hand zn the Artzcle IV - Uni~mzted Tax Bond and Interest Fund
the sum of $7,795 for sppizcatzon to bond and ~nterest payments for
the bonds issued pursuant to VzIIage Ordinance 3144 adopted
September 15, 1981 and as amended by Ordznance 3165 adopted
December 1, 1981.
Fe
That as of December 1, 1988 there has been collected, deposzted to
and on hand in the Article VI - Unizmzted Tax Bond and Interest Fund
the sum of $15,643 for appizcatlon to bond and znterest payments for
the bonds zssued pursuant to Vziiage Ordinance 3950 adopted 3une 21,
1988.
ECTION TWO: It zs hereby declared and determzned by the Preszdent and Board
of Trustees of the Vzllage of Mount Prospect that the amount of $4,698 levzed
for unlzmlted tax bond and znterest payments for Speczal Service Area Number 3
pursuant to Ordznance No. 3143 adopted on September 15, 1981 and as amended by
Ordznance 3164 adopted December 1, 1981 be and the same zs hereby abated zn
the amount of $1,998, leavzng a balance of $2,700 as of the amount levzed for
such bond and znterest payment purposes for the fzscal year begznnzng May 1,
1988 and endzng Aprzl 30, 1989.
SECTION THREE: It zs hereby declared and determzned by the Preszdent and
Board of Trustees of the Vzllage of Mount Prospect that the amount of $9,395
levzed for unlzmlted tax bond and ~ntereet payments for Speczal Service Area
Number 4 pursuant to Ordznance No. 3144 adopted on September 15, 1981 and as
amended by Ordinance 3165 adopted December 1, 1981 be and the same zs hereby
abated zn the amount of $7,795, leavzng a balance of $1,600 as of the amount
levzed for such bond and znterest payment purposes for the fzacal year
begznn~ng May 1, 1988 and endzng Aprzl 30, 1989.
SECTION FOUR: It zs hereby declared and determzned by the President and Board
of Trustees of the Vzllage of Mount Prospect that the amount of $~6,143 levzed
for unlzmzted tax bond and znterest payments for Speczal Servzce Area Number 6
pursuant to Ordznance No. 3950 adopted on 3une.21, 1988 be and the same zs
hereby abated zn the amount of $15,643, leavzng a balance of $30,500 as of the
amount Ievzed for such bond and interest payment purposes for the f~scal year
begznnzng May 1, 1988 and endzng Aprzl 30, 1989.
SECTION FIVE: Vzllage Ordznances 3164, 3165 and 3950 are and each zs hereby
amended wzth respect to the tax abatements declared herezn and set forth zn
Sectzon Two'through Four of thzs Ordznance.
SECTION SIX: The Vzllage Clerk of the Vzllage of Mount Prospect zs hereby
authorzzed and dzrected to fzle a certzfzed copy of thzs Ordznance wzth the
County Clerk of Cook County, Illznols wzthzn the tzme 8peelfzed by law:
SECTION SEVEN: Thzs Ordznance shall be zn full force and effect upon zts
passage, approval and publzcation zn pamphlet form and fzlzng as provzded by
law.
AYES:
NAYS:
ABSENT:
Arthur, Farley, Floros, Mu~auskis, Van Geem, Wattenberg
None
None
PASSED and APPROVED thzs
ATTEST:
6th day of December, 1988.
Krause
Vzllage Preszdent
Vzllage Clerk