HomeMy WebLinkAboutOrd 6228 12/15/2015 Abate a Part of the Taxes Levied for Corporate and Municipal PurposesORDINANCE NO. 6228
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, 2015 AND ENDING DECEMBER 31, 2015
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 15th day of December, 2015
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois,
the 15th day of December, 2015.
ORDINANCE NO. 6228
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, 2015 AND ENDING DECEMBER 31, 2015
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE
OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
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 2015 the sum of
$187,932.50 for bond interest payments.
B. That pursuant to Village Ordinance No. 6090 adopted August 20, 2013
authorizing the issuance of general obligation bonds for financing the
construction of various flood control projects throughout the village there was
levied for the year 2015 the sum of $369,956.26 for bond 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 $187,932.50 levied for G.O. Bond 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 $41,200 leaving a balance of $146,732.50 as that amount levied
for such bond and interest payments for the fiscal year commencing January 1, 2015 and ending
December 31, 2015.
Section Three: It is hereby declared by the President and Board of Trustees of the Village of
Mount Prospect that the amount of $369,956.26 levied for G.O. Bond Interest payments for the
purpose of funding the construction of various flood control projects throughout the village
pursuant to Ordinance No. 6090 be and the same is hereby abated in the amount of $369,956.26
being the entire amount levied for such bond and interest payment purposes for the fiscal year
commencing January 1, 2015 and ending December 31, 2015,
Section Four: Village Ordinance Nos. 5772 and 6090 are hereby amended with respect to the
tax abatements declared herein and set forth in Sections Two and Three of this Ordinance.
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.
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, Matuszak, Polit, Rogers, Saccotelli, Zadel
NAYS: None
ABSENT: None
PASSED and APPROVED this 15th day of December, 2015.
ATTEST:
Karen M. Agoranos, Anterim Deputy Village Clerk
2
Arlene A. Juracek, ayor