HomeMy WebLinkAboutOrd 3134 09/01/1981 RDINANCE NO. 3!$~4
AN ORDINANCE TO REAFFI~ AND ADtIERE TO THE
TAXES LEVIED PURSUANT TO AN ORDINanCE
AUTHORIZING THE LEVY AND COLLECTION OF TAXES
FOR THE CORPORATE AND MUNICIPAL PURPOSE OF
THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL
YEAR BEGINNING MAY 1, 1981 AND ENDING APRIL 30, 1982
WHEREAS, on May 19, 1981, there was adopted by the Village of
Mount Prospect an Ordinance No. 3116 entitled "An Ordinance Author-
izing the Levy and Collection of Taxes for the Corporate and
Municipal Purpose of the Village of Mount Prospect for the Fiscal
Year Beginning May 1, 1981 and Ending April 30, 1982"; and
WHEREAS, a certified copy of said Ordinance No. 3116 was
filed on May 20, 1981 in the office of the Cook County Clerk,
and thereafter was issued in respect thereto a certain tax
anticipation note pertaining to the levy of taxes for public
library purposes; and
WHEREAS, the adoption of said Ordinance No. 3116 constitutes
a determination on the part of the Presiden~ and Board of Trustees
of the Village of Mount Prospect as to the amounts of money (ex-
clusive of amounts to be levied for ~electi~n . costs) estimated
to be necessary to be raised by taxation upon all the taxable
property within the Village for corporate and municipal purposes
for the fiscal year beginning May 1, 1981 and ending April 30,
1982; and
WHEREAS, subsequent to the adoption of said Ordinance No.
3116 there was enacted by the General Assembly of the State of
Illinois a certain Public Act (P.A. 82-102) effective July 29,
1981 and entitled "The Truth in Taxation Act"; and
WHEREAS, said Act provides that there shall be a public
hearing, following ~he due publication of a notice as specified
therein prior to the adoption of the pertinent tax levy where
there has been a determination that the amount of taxes to be
levied for the fiscal year in question amounts, in the aggregate,
to more than 105% of the amount of taxes levied for municipal
purposes in the preceding fiscal year; and
WHEREAS, the purpose of said Act is to require municipalities
to make a public disclosure by the newspaper publication of a
specified notice and by the holding of a public hearing, with
respect to an intent to increase an annual tax levy by more than
five percent of the levy of the preceding year, and to require
the municipality, at said hearing, to explain the reasons for
such increase in taxes and to allow the public to be heard with
respect thereto; and
WHEREAS, despite the fact that the Village of Mount Prospect
had adopted its Tax Levy Ordinace for the fiscal year commencing
on May 1, 1981, the President and Board of Trustees of this
Village deemed it to be in the public interest to publish the
specified notice and to hold a public hearing to give the public
an opportunity to learn the reasons for the levy of the amounts
determined by the Ordinance to be necessary for the fiscal year
in question and to comment with respect thereto; and
WHEREAS, the annual tax levy fOr the fiscal year commencing
May 1, 1981 does, in fact, exceed the tax levy for the preceding
fiscal year, in the aggregate, by thirty-one percent; and
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WHEREAS, on the 24~ day of August, 1981 the Villiage Clerk
of the Village of Mount Prospect did publish a notice of a public
hearing with respect to said annual tax levy (a copy of which is
attached hereto and made a part of this Ordinance by reference) and
thereafter on September 1, 1981 a public hearing was held with
respect to said tax levy; and
WHEREAS, it is the determination of the President and Board
of Trustees of the Village of Mount Prospect to adhere to and to
reaffirm as the amounts necessary to be raised by taxes upon all
taxable property within the Village of Mount Prospect for corporate
and municipal purposes for the fiscal year commencing May 1~ 1981
to be those amounts heretofore levied pursuant to Ordinance No.
3116.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD
OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: This Board does hereby adhere and reaffirm as
and for the annual tax levy for the fiscal year beginning May 1,
1981 and ending April 30, 1982 that Ordinance No. 3116 entitled
"An Ordinance Authorizing the Levy and Collection of Taxes for the
Corporate and Municipal Purpose of the Village of Mount Prospect
for the Fiscal Year Beginning May 1, 1981 and Ending April 30, 1982"
and the various amounts set forth and levied as a tax levy therein.
SECTION TWO: This Ordinance shall constitute compliance with
the provisions of section 4 - 7 of ~'The Truth and Taxation Act", to
to extent that the same apply to the actions of this Board taken on
May 16, 1981 prior to the passage of such Act and the public hearing
procedures accomplished thereafter, and the Village President is
hereby authorized and directed to certify to such compliance, and
the Village Clerk of this Village is authorized and directed to
further certify a copy of this Ordinance and the certificate of
compliance executed by the Village President and to file the same
in the office of the County Clerk of Cook County.
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SECTION THREE: This Ordinance shall be in full force and
effect upon its passage and approval and filing as provided by
law.
PASSED this 1st. day of September, 1981.
AYES:
NAYS: None
ABSENT: Miller
APPROVED this
Arthur, Farley, Floros, Murauskis, Wattenberg
1st. day of September, 1981.
ATTEST:
VILLAGE CLERK
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