HomeMy WebLinkAboutOrd 3560 09/03/1985 RDINANCE NO. 3560
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 THREE,
SPECIAL SERVICE AREA NUMBER FOUR, AND SPECIAL SERVICE AREA NUMBER
FIVE OF THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR
BEGINNING MAY 1, 1985 AND ENDING APRIL 30, 1986
NOW, THEREFORE, BE IT ORDAINED BY THE President and Board of
Trustees of the Village of Mount Prospect, Cook County, Illinois.
Section"l. That the sum of twenty three ~housand two hundred sixty eight
dollars ($23,268), the same being the total amount to be levied of budget appropria-
tions heretofore made for the municipal purposes for the fiscal year beginning
May 1, 1985, and ending April 30, 1986, 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. I 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 1985. The.budgetary
appropriations theretofore having been made heretofore by the President and Board
of Trustees of the Village of Mount Prospect were passed and approved by Ordinance
No. 3512 at a meeting hereof regularly convened and held in said Village of Mount
Prospect, Illinois, on the 16th day of April, 1985, and thereafter duly published
according to law, the various objects and purposes for. said budgetary appropria-
tions were heretofore made are set forth under the column entitled "Amount Appro-
priated'', and the specific amount herein levied for each object and purpose is set
forth under the column entitled "Amount Levied" in Article I.
Section 2. That the sum-of twenty nine thousand eight hundred thirty
four dollars ($29,834)~ilthe same being the total amount to be levied of.budget
appropriations heret6'~i~e made for the municipal purpOses for the ~iscal year
beginning May 1, ~5, and ending April 30, 1986, as approved by the President and
Board of Trustee~iiOf~[~ 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 1985. The
budgetary appropriations theretofore having been made heretofore by the President
and Board of Trustees of the Village of Mount Prospect were passed and approved by
Ordinance No. 3512 at a meeting hereof regularly convened and held in said Village
of Mount Prospect, Illinois, on the 16th day of April, 1985, 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 II.
Section 3. That the sum of four thousand nine hundred nineteen dollars
($4,919), the same being the total amount to be levied of budget appropriations
heretofore m~de for the municipal purposes for the fiscal year beginning May 1,
1985, and ending April 30, 1986, 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. 3 of the Village of Mount Prospect
accordSng to the valuation Of said property as is, or shall be, assessed or equa-
lized by State and County purposes for the current year 1985. The budgetary
appropriations theretofore having been made heretofore by the President and Board
of Trustees of the Village of Mount Prospect were passed and approved by Ordinance
No. 3512 at a meeting hereof regularly convened and held in said Village of Mount
Prospect, Illinois, on the 16th day of April, 1985,land 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 nine thousand eight hundred thirty eight
dollars ($9,838), the same being the total amount to be levied of budget appropria-
tions heretofore made for the municipal purposes for the fiscal year beginning
May 1, 1985, and ending April 30, 1986, 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. 4 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 1985. The budgetary
appropriations theretofore having been made heretofore by the President and Board
of Trustees of the Village of Mount Prospect were passed and approved by Ordinance
No. 3512 at a meeting hereof regularly~convened and held in said Vi'llage of ~ount
Prospect, Illinois, on the 16th day of April, 1985, and thereafter duly published
according to law, the various objects and~purposes for said budgetfry 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.
Section 5. That the sum of one million two hundred eighty two thousand
dollars ($1,282,000), the same being the total amount to'be levied of budget appro-
priations heretofore made for the municipal purposes for the fiscal year beginning
'May 1, 1985, and ending April 30, 1986, 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
r equalized by State and County purposes for the current year 1985. The budgetary
appropriations theretofore having been made heretofore by the President and Board
of Trustees of the Village of Mount Prospect were passed and approved by Ordinance
No. 3512 at a meeting hereof regularly convened and held in said Village of Mount
Prospect, Illinois, on the 16th day of April, 1985, 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 objectland purpose is set forth
under the column entitled "Amount Levied" in Article V,
3
RTICLE I - SPECIAL SERVICE AREA NO. i
091 Special Service Area No. i Bonds & Interest
9561 Principal
9562 Interest
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. i
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
Amount
Appropriated
$ 9,000
13,790
$ 22,790
Amount
Levied
-$ 9,000.
13,160
$ 22,160
1,108
$ 23,2~8
ARTICLE II -.SPECIAL SERVICE AREA NO. 2
091 Special Service Area No. 2 Bonds & Interest
9563 Principal
9564 Interest
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
Amount
Appropriated
$ 15,000
14,500
$ 29,500
Amount
Levied
$ 15,000
13,413
$ 28,413
1,421
$ 29,834
ARTICLE III - SPECIAL SERVICEAREA NO. 3
091 Special Service Area No. 3 Bonds & Interest
9565 Principal
9566 Interest
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 3
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. 3
Amount
Appropriated.
$ 2,910
1,775
$ 4,685
Amount
Levied
$ 3,199
1,486
$ ¢,685
234
$ 4,919
RTICLE IV - SPECIAL SERVICE AREA NO.
091 Special service Area No. 4 Bonds & Interest
9567 Principal
9568 Interest
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 4
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. 4
Amount
Appropriated
Amount
Levied
$ 5,815 '$ 6,398
3,555 2,972
$ 9,370
$ 9,370
468
$ 9,838
ARTICLE V - SPECIAl SERVICE AREA NO. 5
058 Special Service Area No. 5 Construction
9841 SSA #5 Construction Costs
TOTAL APPROPRIATION FOR SPECIAL SERVICE AREA
NO. 5 FOR CONSTRUCTION
AMOUNT TO BE RAISED BY TAX LEVY
ADD 3% FOR LOSS AND COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 5 CONSTRUCTION
Amount
Appropriated
$1,827,000
$1,827,000
Amount
Levied
$1,000,000
$1,000,000
30,000
$1,030,000
091. Special Service Area No. 5 Bonds & Interest
9569 SSA #5 Principal
9570 SSA #5 Interest
9571 SSA #5 Bank Charges
TOTAL APPROPRIATION FOR SPECIAL SERVICE AREA
NO. 5 FOR BONDS & INTEREST
AMOUNT TO BE RAISED BY TAX LEVY
ADD 5% FOR LOSS AND COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NOJ 5 BONDS & INTEREST
TOTAL APPROPRIATION FOR SPECIAL SERVICE
Amount
Appropriated
$ 150,000
146,840
160
$ 297,000
Amount
Levied
$ 150,OO0'
90,000
$ 240,000
12,000
$ 252,000
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
$2,124,000
$1,240,000
42,000
$1,282,000
5
UMMARY
ARTICLE
I
II
III
IV
V
Special Service Area No. 1
Special Service Area No. 2
Special Service Area No. 3
Special Service Area No. 4
Special Service Area No. 5
Amount
Appropriated
$ 22,790
29,500
4,685
9,370
2,124,000
$2,190,345
Amount
To Be Raised
By Tax Levy
$ 22,160
28,413
4,685
9,370
1,240,000
$1,304,628
Total Tax Levy
Incl.uding
Loss & Costs
$ 23,268
29,834
4,919
9,838
1,282,000
$1,349,859
UMMARY
ARTICLE
I Special Service Area No. 1
II Special Service Area No. 2
III Special Service Area No. 3
IV Special Service Area No. 4
V Speci'al Service Area No. 5
Amount
Appropriated
$ 22,790
29,500
4,685
9,370
2,t24,000
$2,190,345
Amount
To Be Raised
BS Tax Levy'
$ 22,160
28,413
4,685
9,370
1,240,000
$1,304,628
Total Tax Levy
Including
Loss & Costs
$ 23,268
29,834
4,919
9,838
1,282,000
$1,349,859
section 6. 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 7. 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 8. That .this Ordinance shall be in full force and effeCt from
and after its passage, approve, publicatioh in pamphlet form and recording, as
provided by law.
AYES: Arthur, FArley, Floros, Murauskis, Van Geem, Wattenberg
NAYS: None
ABSENT: None
PASSED AND APPROVED this 3rd day of September, 1985.
ATTEST:
Village Clerk
llage President