HomeMy WebLinkAboutOrd 4984 12/15/1998 ORDINANCE NO. 4984
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
UNLIMITED TAX BONDS OF SPECIAL SERVICE AREA NUMBER SIX OF THE
VILLAGE OF MOUINrr PROSPECT, ILLINOIS FOR THE FISCAL YEAR
BEGINNING ]ANUARY 1, 1998 AND ENDING DECEMBER 31, 1998
PASSED AND APPROVED BY
THE PRF_~IDENT 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 15th day of Bocomhor , 1998.
ORDINANCE NO. 4984
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
UNLIMITED TAX BONDS OF SPECIAL SERVICE AREA NUMBER SIX OF THE
VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR
BEGINNING JANUARY 1, 1998 AND ENDING DECEMBER 31, 1998
BE IT ORDAIlqF_D BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE
OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
~: The President and Board of Trustees of the Village of Mount Prospect find as
follows:
A. That pursuant to Village ordinance No. 3950 adopted June 21, 1998 authorizing the
issuance of Unlimited Tax Bonds of Special Service Area Number 6 of the Village of
Mount Prospect there was levied for the year 1998 the sum of $40,980 for principal
and interest payments.
B. That as of December 1, 1998 them has been collected, deposited to and on hand in the
Article I - Unlimited Tax Bond and Interest Fund the sum of $1,377 for application to
bond and interest payments for the bonds issued pursuant to Village Ordinance 3950
adopted June 21, 1998.
Section Two: It is hereby declared and determined by the President and Board of Trustees of this
Village that the amount of $40,980 levied for Unlimited Tax Bond and Interest payments of
Spec'ml Service Area Number 6 of this Village, pursuant to Village Ordinance No. 3950 adopted
on June 21, 1998 be and the same is hereby abated in the amount of $1,377 leaving a balance of
$39,603 as that amount levied for such bond and interest payment purposes for the fiscal year
commencing January 1, 1998 and ending December 31, 1998.
Section Three: It is hereby declared and determined by the President and Board of Trustees of
the Village of Mount Prospect that Village Ordinance 3950 is hereby amended with respect to the
tax abatement declared herein and set forth in Section Two of this Ordinance.
Section Four: 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.
ection Five: This Ordinance shall be in full force and effect upon its passage, approval and
publication in pan~plxlet form and filing as provided by law.
AYES: Clowes, Corcoran, Hoefert, Lohrstorfer, Nocchi, Wilks
NAYS: None
ABSENT: None
PASSED and APPROVED this 15th day of December , 1998.
elma W. I_owe, Village Clerk
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