HomeMy WebLinkAboutOrd 3284 11/30/1982 ORDINANCE NO. 3284
AN ORDINANCE ESTABLISHING THE VILLAGE OF
MOUNT PROSPECT SPECIAL SERVICE AREA NO2 5
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
THE 30th DAY OF November , 1982.
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
1st day of December , 1982.
ORDINANCE NO. 3284
AN ORDINANCE ESTABLISHING THE VILLAGE OF
MOUNT PROSPECT SPECIAL SERVICE AREA NO. 5
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: This Board finds as follows:
(A)
That on or before September, 1982, this Board did
determine to participate with other municipalities
in the construction and installation of water dis-
tribution mains and pumping stations necessary in
order to transport and provide Lake Michigan water
to this Village and ~o the other municipal partici-
pants.
(B)
That such improvement will bring Lake Michigan water
to the Mount Prospect water system which is presently
serving, and will continue to benefit approximately
two-thirds of the area of the Village.
(c)
The cost of such water improvements together with
debt service costs and interest necessary to finance
the payment of such improvements over a term of years
shall be paid by the property owners receiving the
benefit of such zmprovements.
(D)
That for the purpose of providing the necessary fund-
ing of the Village's cost of such improvement through
the issuance of general obligation bonds not exceeding
$1,900,000 and the levy of a tax to pay the principal
and interest upon said Bonds when due and payable,
~ogether with the levy of an additional direct tax
to pay the remaining portion of the cost of said im-
provement not covered by general obligation bonds,
this Board did, at its regular scheduled meeting of
September 7, 1982, adopt Ordinance No. 3253 entitled
"An Ordinance Proposing the Establishment of a S~ecial
Service Area in the Village of Mount Prospect, Illinoi~
and Providing for a Public Hearing and Other Procedures
in Connection Therewith," under the provisions of which
a special hearing was called %o be held before this
Board on September 29, 1982, pursuant to the publica-
tion of notice thereof at least fifteen (15) days
to such hearing, in the Mount Prospect Herald, a news-
paper published in the Village of ~ount Prospect; said
notice being published on September 11, 1982, and furtb
pursuant to the mailing of notice addressed to the
person or persons in whose name the general taxes for
the last preceding year were paid on each lot and tract
or parcel of land lying within the proposed special
service area; which notice was mailed not less than
ten (10) days prior to the date of said hearing, on
September 14, 1982. Pertinent Certificate of Publica-
tion and Affidavit of Mailing Notice are attached to
this Ordinance and are made a part hereof by reference.
Said notices conformed in all respects to the statutory
requirements pertaining thereto.
(E) On September 29, 1982, a public hearing was held on
the question of establishing a special service area,
F)
as set forth in the notices, and all interested persons
were given an opportunity to be heard on the question
of the establishlnent of the special service area, the
formation of and the boundaries of such special service
area, the issuance of such general obligation bonds,
and the levy of ~axes to pay the prmncipal and interest
thereof and the levy of an annual tax in addition there-
to. The hearin~ was h~ld in the Theater of Prospect
High School, 801 West Kensington Road, Mount Prospect,
Illinois, with the President and the six (6) Trustees
of the Village Board in attendance. The hearing com-
men~ed at approximately 8:00 p.m. and was adjourned
following numerous questions and answers at 11:30 p.m.,
on September 29, 1982.
At said hearing the President and Board of Trustees
of this Village did consider all data, comments and
information presented at the hearing and did determine
to proceed with the establishment of the special ser-
vice area, to be designated as "Mount Prospect Special
Service Area No. 5," as hereinafter described, for the
purpose of providing the necessary funds to accomplish
the improvements furnished within said special service
area as hereinafter described in this Ordinance.
(G)
Said area is a contiguous area within the village of
Mount Prospect and will benefit specially from the
munmclpal services to be provided, which services
are unique and are in addition to municipal services
provided by the Village of Mount Prospect as a whole.
(H)
That it is in the best interests of the Village of
Mount Prospect that said special service area be
established and that there be a levy of a special tax
against such area for funding the cost of furnishing
the special servmces hereinafter set forth and de-
scribed in this Ordinance; which services are extended
for the common i~ter~st of such area.
(I)
That during a period of sixty (60) days following the
final adjournmeht of the public hearing on Septem-
ber 29, 1982 no petition signed by at least fifty-one
percent (51%) of the electors residing within the
special servmce area and by at least fifty-one percent
(51%) of the owners of record of the land included
within the boundaries of the special service area
was filed with {he Village Clerk objecting to the
creation of the~specigl service area, or to the levy
or imposition of a tax or the issuance of bonds for
the provision of special services to the area, or
to a proposed increase an the nax rate.
SECTION TWO: A Special Service Area designated as "Village of
Mount Prospect Special Service Area No. 5" is hereby established
pursuant to the provisions of Ahticle VII, Section 6, of the
Constitution of the State of Illinois, and further pursuant
to "An Act to provide the manner of levying or imposing taxes
for The provision of special services within the boundaries
of home rule units and non-home rule municipalities and
counties" as set forth in Sections 1301 through 1311 of
Chapter 120 of the Illinois Revised Statutes, 1981. The
-2-
illage of Mount Prospect Special Service Area No. 5, as
established hereby, shall consist of the territory described
in the attached Rider, which is hereby made a part of
this Ordinance by reference. An accurate map of said area
is attached hereto and also made a part of this Ordinance
by reference.
SECTION THREE: The purpose of the formation of the Mount
Prospect Special Service Area No. 5, in general, is to pro-
vide special municipal services to the Area including, but
not limited to, municipal services consisting of the construc-
tion and installation of the necessary water distribution
mains and pumping stations to provide Lake Michigan water to
the Area.
SECTION FOUR: For the purpose'of paying a portion of the cost
of said special services, there shall be issued by this
Village general obligation bonds in an amount not to exceed
One Million Nine Hundred Thousand and 00/100 Dollars ($1,900,000)
at an interest rate not to exceed twelve percent (12%) per
annum and to mature within a period of not to exceed ten (10)
years from the date of issuance° Said bonds shall be retired
by the levy of a direct tax to pay the interest on such bonds
as it falls due and to discharge the principal thereof at
maturity; said tax to be levied upon all taxable property
within the Special Service Area based upon assessed values
as established pursuant to the Revenue Act of 1939; which
tax levied on property in the Special Service Area shall be
in addition to all other Village taxes so levied. The re-
maining portion of the cost of said special services is to
be paid from a special tax in a~dition to the tax to retire
the general obligation bonds, to be levied annually for a
period of not to exceed thirty-five (35) years and not to
exceed an annual rate of 1.29 percent of the value of the
taxable property included in the Special Service Area, as
determined for property tax purposes pursuant to the pro-
visions of the Revenue Ac% of 1939; which special tax shall
also be in addition to all other Village taxes so levied.
SECTION FIVE: This ordinance shall be in full force and ef-
fect upon its passage, approval, and publication in pamphlet
form in accordance with law.
PASSED AND APPROVED this 30th day of November
AYES: Farley, Floros, Wattenberg, Krause
NAYS: Arthur
ABSENT: Murauskis
, 1982.
ATTEST:
Village Clerk
vi 1~1 age President