HomeMy WebLinkAboutOrd 4983 12/15/1998 ORDINANCE NO. 4983
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER FIVE AND SPECIAL SERVICE AREA NUMBER SIX OF THE
VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 1998 AND ENDING DECEMBER 31, 1998
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 15th day of December ., 1998
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 15thday of.December , 1998.
ORDINANCE NO. 4983
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER FIVE AND SPECIAL SERVICE AREA NUMBER SIX OF THE
VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 1998 AND ENDING DECEMBER 31, 1998
NOW THFREFORE, BE IT ORDAINED BY THE President and Board of Trustees of the Village
of Mount Prospect, Cook County, Illinois:
Section I: 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, 1998, and
ending December 31, 1998, 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 equali?ed by State and County purposes for the current year
1998. The budgetary appropriations having been made heretofore by the President and Board
of Trustees of the Village of Mount Prospect were passed and approved by Ordinance No. 4900
at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois on the
16th day of December, 1997, 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 here'm levied for each object and
purpose is set forth under the column entitled "Amount Levied" in Article I.
S~tion 2: That the sum of Thirty Nine Thousand Six Hundred and Three Dollars ($39,603),
the same be'rog the total amount to be levied of budget appropriations heretofore made for the
municipal purposes for the fiscal year beginning January 1, 1998, and end'mg December 3 I, 1998,
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 6 of the
V'tllage of Mount Prospect according to the valuation of said property as is, or shall be, assessed
or equaliTed by State and County purposes for the current year 1998. The budgetary appropria-
tions having been made heretofore by the President and Board of Trustees of the Village of Mount
Prospect were passed and approved by ord'mance No. 4900 at a meeting hereof regularly
convened and held in said Village of Mount Prospect, Illinois on the 16th day of December, 1997,
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 here'm levied for each object and purpose is set forth under the column
entitled "Amount Levied" in Article 1I.
Amoum Amount
Budgeted Levied
ARTICLE l - SPECIAL SERVICE AREA NO. 5
61 Lake Water Aequisifion
615512-540800 SSA #5 JAWA Water $1,470,000 $ 365,464
615512-540815 SSA #5 JAWA Fixed Costs 1.150.000 1.150.000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISITION
AMOUNT TO BE RAISED BY TAX LEVY $1,515,464
ADD 2% FOR LOSS & COST OF COLLECTION 30.309
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 5 $ 1.545.77~3
ARTICLE II - SPECIAL SERVICE AREA NO. 6
83 Speeial Service Area No. 6 Bonds & Interest
838106-710607 SSA #6 Principal $ 25,000 $ 25,000
838106-720608 SSA #6 Interest 15.980 14.603
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 6
BONDS & INTEREST $ 40.980
AMOUNT TO BE RAISED BY TAX LEVY $ 39,603
ADD 2% FOR LOSS & COST OF COLLECTION 792
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 6 $ 40.395
SUMMARY
Amount Amount Total Tax Levy
Amount To Be Raised For Loss Including
~ ~ ]].x..T. az,_Le,_x~ And Cost ~
I Special Service Area No.5 $2,948,000 1,515,464 30,309 1,545,773
II Special Service Area No.6 40,980 39,603 792 40,395
(1) Amount to be raised by tax levy has been reduced by an abatement to be filed of $1,377.
2
0~1_.~: That the County Clerk is directed to add 2% to the requested tax levy as a provision
for loss and cost.
Section 4: 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.
S~tion 5: That, if any part or parts 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 6: 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: Clowes, Corcoran, Hoefert, Lohrstorfer, Nocchi, Wilks
NAYS: None
ABSENT: None
PASSED and APPROVED THIS 15th Dayof December , 1998
ATTEST: Gerald L'. Farley~e President