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HomeMy WebLinkAboutOrd 3141 09/15/1981 RDINA~CE NO. 3141 AN ORDINANCE ESTABLISHING THE VILLAGE OF MOUNT PROSPECT SPECIAL SERVICE AREA NU~BER 3 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). Prior to June, 1981 this Board did take action to apply for Federal grant assistance under the Federal Community Development Block Grant Program and did further appropriate funds from its allotment of motor fuel tax funds for the purpose of improving portions of South Wille Street and Busse Avenue within the Village of Mount Prospect, Illinois. (B). The application of such Federal grant assistance and motor fuel tax funds toward the costs of con- structing the proposed improvements will leave remaining the sum of $25,000.00 in construction costs and other fees and expenses pertaining to'this improvement program to be provided at the local level. (C). For the purpose of providing the necessary local funding through the issuance of General Obligation Bonds and the levy of the tax to pay the principal and interest upon said Bonds when due and payable, this Board has, at its regular scheduled meeting of June 2, 1981, adopted Ordinance No. 3118 entitled "An Ordinance Proposing the Establishment of a Special-Service Area in the Village of Mount Prospect, Illinois and Providing for Public Hearing and Other Procedures in Connection Therewith", under the provisions of which a special hearing was called to be held before this Board on June 23, 1981, pursuant to the publication of notice thereof at least fifteen (15) days prior to such hearing, in the Mount Prospect Herald, a newspaper published in the Village of Mount Prospect which notice was published on June 6, 1981, and further pursuant to the mailing f 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 June 10, 1981. The pertinent Certificate of Publication 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. (D). On June 23, 1981, a public hearing was held on the question of establishing a Special Service Area, as set forth in the notices and all interested persons were given an opportunity to be heard on the question of the establis.hment of the Special Service Area, the formation of boundaries of such area, the issuance of such General Obligation Bonds, and the levy of taxes to pay the principal and interest thereof affecting said area. The hearing was held in the Board Room of the Public Safety Building, 112 East Northwest Highway, Mount Prospect, Illinois, with the President and five (5) of the six (6) Trustees of the Village Board in attendance. The hearing commenced at approximately 8:15 P.M. and was adjourned following numerous questions and answers, at 9:05 P.M. on June 23, 1981. (E). Upon consideration of the data and information presented at the public hearing, this Board of Trustees finds that it is in the best public interest, of the Village of Mount Prospect that a Special Service Area designated as "Mount Prospect Special Service Area Number 3", as hereinafter described,~ be.established, for the purpose~of providing a portion of the funds necessary to accomplish the improvements furnished within said Special Service Area as herein after described in this Ordinance. (F). Said area is a compact and contiguous business area within the Village of Mount Prospect, is zoned for business purposes and will benefit specially from the municipal services to be provided which services are unique and are in addition to the municipal services provided by the Village of Mount Prospect as a whole. (G). It is in the best interests of the Village of Mount Prospect that such Special Service Area be established and - 2 - (3) hat there be a levy of a special tax against such area for funding a portion of the cost of furnishing the special services hereinafter set forth and described in this Ordinance; which services are extended for the common interest of such area. (H) During a period of sixty (60) days following the final adjournment of the public hearing on June 23, 1981 no petition signed by a least fifty-one percent (51%) of the electors residing within the Special Service 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 the Village Clerk objecting to the creation of this Special Service Area, 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 in the tax rate. SECTION TWO: A Special Service Area designated as "Village of Mount Prospect Special Service Area Number 3" is hereby established pursuant to the provisions of Article 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 to areas 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, 1980. The Village of Mount Prospect Special Service Area N~ber 3, as established hereby, shall consist of the following described territory which is located in the 'West one-half of Section 12, Township 41 North, Range 11 East of the ?hird Principal Meriden, in Cook County, Illinois, and is described as follows: Lots 1 and 2 of Wille's Consolidation Plat of Lots 2 to 12 both inclusive in Block 2 in Busse and Wille's Resubdivision in Mount Prospect, a subdivision in the West 1/2 of Section 12, Township 41 North, Range 11 East of the Third Principal Meridian, in Cook County, Illinois, together with that part of the public street known as South Wille Street which lies adjacent and 66 feet East of the East line of said Lots 1 and 2 and which lies Northerly of the Northeasterly line'of Northwest ~ighway and which lies South of the North llne of Lot 1 aforesaid extended East, all in Cook County, Illinois. map of said territory is attached hereto and made a part of this Ordinance by reference. SECTION THREE: The purpose of the formation of the said Mount Prospect Special Service Area Number 3 in general is to provide special municipal services to the area, including, but not limited to, the municipal services consisting of construction and installation of roadway modifications and rehabilitation including diagonal parking space and pedestrian walkway designation and driveway allignment; street light installation; park lot additions and rehabilitations; installation of turn around and median islands; landscape grading; planting of shrubs and trees; sodding and such other incidental work deemed necessary to improve South Wille Street from the intersection ~f Busse Avenue and Northwest Highway, North to the intersection of West Central Road, together with the redesign and channeling of traffic movements tO provide for one-way traffic flow along said street from the Northwest Highway intersection to a point approximately 300 feet South of West Central Road. SECTION FOUR: For the purpose of paying a portion of ~ the cost of such special services, there shall be issued by this Village General Obligation Bonds in an amount notto exceed twenty- five thousand and no/t00 dollars ($25,000.00) at an interest rate not to exceed ten percent (10%) per annum andto mature within a period of not to exceed twelve (12) 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 remaining portion of the cost of said special services is to be paid from certain Federal grant assistance funds pursuant to the (3) ederal Community Development Block Grant Program and from this Village's allotment of motor fuel tax funds. SECTION FIVE: This Ordinance shall be in full force and effect upon its passage, approval and publication in accordance with law. PASSED this 15th day of September , 1981. AYES: NAYS: 0 ABSENT:© APPROVED this 15th day of Arthur, Farley, Floros, Miller, Mnrauskis, Wattenberg september , 1981. ATTEST: VILLAGE CLERK - 5 - (3)