HomeMy WebLinkAboutOrd 6129 03/18/2014 Abate a Part of the Taxes Levied for Corporate and Municipal PurposesORDINANCE NO. 6129
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,
2013 AND ENDING DECEMBER 31, 2013
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 18th day of March, 2014
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois,
the 19`" day of March, 2014.
ORDINANCE NO. 6129
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,
2013 AND ENDING DECEMBER 31, 2013
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed and
approved Ordinance No. 6108 on December 17, 2013 which abated portions of the 2013 tax levy; and
WHEREAS, Section One (A) of Ordinance 6108 did not reflect the entire 2013 levy as called for in
Ordinance No. 5772 adopted December 1, 2009; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect desires to repeal
Section One (A) and related Section Two of Ordinance 6108 in their entirety and establish a new
abatement pursuant to Ordinance 5772 for fiscal year January 1, 2013 and ending December 31, 2013.
NOW THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS ACTING IN THE EXERCISE
OF THEIR HOME RULE POWERS:
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 2013 the sum of $160,022.50 for bond principal and 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 $160,022.50 levied for G.O. Bond Principal and 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 $43,005.00 leaving a balance of $117,017.50 as that amount levied for such bond principal
and interest payments for the fiscal year commencing January 1, 2013 and ending December 31, 2013.
Section Three Village Ordinance No. 5772 is hereby amended with respect to the tax abatement declared
herein and set forth in Section Two of this Ordinance.
Section Four: Changes made to the 2013 levy by the passage of this ordinance does not invalidate the
remaining parts of Ordinance 6108 for the abatement of such levy.
Section Five 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 Six 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, Rogers, Zadel
NAYS: None
ABSENT: None
PASSED and APPROVED this 18`" day of March, 2014.
Arlene A. Juracek
Mayor
ATTEST:
Lisa Angell
Village Clerk
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