HomeMy WebLinkAboutOrd 5825 12/21/2010 ORDINANCE NO. 5825
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF
MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2010 AND ENDING DECEMBER 31, 2010
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
The 21 day of December, 2010
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois,
the 22 day of December, 2010.
ORDINANCE NO. 5825
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF
MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2010 AND ENDING DECEMBER 31, 2010
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF
MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
Section One: The President and Board of Trustees of the Village of Mount Prospect find as follows:
A. That pursuant to Village Ordinance No. 5772 adopted December 1, 2009 authorizing
the issuance of general obligation bonds for financing a portion of the costs of
constructing a replacement fire station, emergency operations center and public
works expansion there was levied for the year 2010 the sum of $135,022.50 for bond
interest payments.
Section Two: It is hereby declared by the President and Board of Trustees of the Village of Mount
Prospect that the amount of $135,022.50 levied for G.O. Bond Interest payments for the purpose of
funding a portion of the costs of constructing a replacement fire station, emergency operations center
and public works expansion pursuant to Ordinance No. 5772 be and the same is hereby abated in the
amount of $47,257.86 leaving a balance of $87,764.64 as that amount levied for such bond and
interest payments for the fiscal year commencing January 1, 2010 and ending December 31, 2010.
Section Three: Village Ordinance No. 5772 is hereby amended with respect to the tax abatements
declared herein and set forth in Section Two of this Ordinance.
Section Four: The Village Clerk of the Village of Mount Prospect is hereby authorized and directed
to file a certified copy of this Ordinance with the County Clerk of Cook County, Illinois within the
time specified by law:
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Section Five: This Ordinance shall be in full force and effect upon its passage, approval and
publication in pamphlet form and filing as provided by law.
AYES: Hoefert, Korn, Matuszak, Polit, Zadel
NAYS: None
ABSENT: Juracek
PASSED and APPROVED this 21 day of December, 2010.
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