HomeMy WebLinkAbout7.4 1st Reading of an Ordinance Authorizing the Levy and Collection of Taxes for the Municipal Purposes of Special Service Area Number Five of the Village for Fiscal Year 201711/29/2017 BoardDocs® Pro
Agenda Item Details
Meeting Nov 21, 2017 - REGULAR MEETING OF THE MOUNT PROSPECT VILLAGE BOARD - 7:00 p.m.
Category 7. NEW BUSINESS
Subject 7.4 1st reading of AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR
THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA NUMBER FIVE OF THE VILLAGE OF
MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2017 AND
ENDING DECEMBER 31, 2017
Type Action
Preferred Date Nov 21, 2017
Absolute Date Nov 21, 2017
Fiscal Impact Yes
Budgeted Yes
Recommended Action Approve the 2017 levy ordinance for Special Service Area (SSA) No. 5. There is no change in
the amount levied in the prior year.
Information
Special Service Area No. 5 was created in the mid -eighties to help fund the delivery of Lake Michigan water to the
Village's water system. It is recommended the 2017 levy remain the same as the prior year ($1,545,773). This is the
final year of the SSA No. 5 levy as authority expires this year per state statute (after 35 years).
Alternatives
1. Village Board approval of the 2017 levy ordinance for Special Service Area No. 5.
2. Action at discretion of Village Board.
Staff Recommendation
It is recommended the Village Board approve the attached 2017 levy ordinance for Special Service Area No. 5.
2017 SSA #5 Levy Ordinance.pdf (25 KB)
http://www.boarddocs.com/il/vomp/Board.nsf/Public 1/1
ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR
THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA NUMBER FIVE OF
THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2017 AND ENDING DECEMBER 31, 2017
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the day of 52017
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the day of , 2017.
ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR
THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA NUMBER FIVE OF
THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2017 AND ENDING DECEMBER 31, 2017
NOW THEREFORE, BE IT ORDAINED BY THE President and Board of Trustees of the Village
of Mount Prospect, Cook County, Illinois:
Section 1: That the sum of One Million Five Hundred Fifteen Thousand Four Hundred Sixty -
Four Dollars ($1,515,464), the same being the total amount to be levied of budget appropriations
heretofore made for the municipal purposes for the fiscal year beginning January 1, 2017, and
ending December 31, 2017, as approved by the President and Board of Trustees of the Village of
Mount Prospect, be and the same is hereby levied on all taxable property within the Special Service
Area Number 5 of the Village of Mount Prospect according to the valuation of said property as is,
or shall be, assessed or equalized by State and County purposes for the current year 2017. The
budgetary appropriations having been made by the President and Board of Trustees of the Village
of Mount Prospect were passed and approved by Ordinance No. 6290 at a meeting hereof regularly
convened and held in said Village of Mount Prospect, Illinois, on the 20th day of December, 2016,
and amended by Ordinance No. 6308 passed and approved on the 7th day of March, 2017, and
thereafter duly published according to law, the various objects and purposes for said budgetary
appropriations were heretofore made are set forth under the column entitled "Amount Budgeted,"
and the specific amount herein levied for each object and purpose is set forth under the column
entitled "Amount Levied" in Article I.
Section 2: That the County Clerk is directed to add 2% to the requested tax levy as a provision
for loss and cost.
Section 3: That the Village Clerk of the Village of Mount Prospect is hereby directed to certify a
copy of this Ordinance and is hereby authorized and directed to file a copy of the same with the
County Clerk of Cook County, Illinois, within the time specified by law.
Section 4: That, if any part of this Ordinance shall be held to be unconstitutional or otherwise
invalid, such unconstitutionality or invalidity, shall not affect the validity of the remaining parts
of this Ordinance. The President and Board of Trustees of the Village of Mount Prospect hereby
declares that they would have passed the remaining parts of the Ordinance if they had known that
such part or parts thereof would be declared unconstitutional or otherwise invalid.
Section 5: That this Ordinance shall be in full force and effect from and after its passage, approval,
publication in pamphlet form and recording, as provided by law.
AYES:
NAYS:
ABSENT:
PASSED and APPROVED this day of , 2017
ATTEST:
Karen Agoranos, Village Clerk
2
Arlene A. Juracek, Mayor
ARTICLE I - SPECIAL SERVICE AREA NO. 5
050 Lake Water Acquisition
570.001 SSA ff5 JAWA Water
570.004 SSA 95 JAWA Fixed Costs
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISITION
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS AND COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 5
Article
I - Special Service Area No. 5
SUMMARY
Amount
Budgeted
6,252,000
Amount to
be Levied
1,515,464
Amount Amount
Budgeted Levied
4,956,000 1,197,822
1,296,000 317,642
6,252,000
1,515,464
30,309
1,545,773
Amount for Total Tax
Loss & Cost Levy
30,309 1,545,773