HomeMy WebLinkAboutOrd 4837 12/17/1996 ORDINANCE NO. 4837
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER ONE, SPECIAL SERVICE AREA NUMBER FIVE, AND SPECIAL
SERVICE AREA NUMBER SIX OF THE VILLAGE OF MOUNT PROSPECT
FOR THE FISCAL YEAR BEGINNING JANUARY 1, 1996 AND ENDING
DECEMBER 31, 1996
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 17th day of December, 1996
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 17th day of December, 1996.
ORDINANCE NO. 4837
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER ONE, SPECIAL SERVICE AREA NUMBER FIVE, AND SPECIAL
SERVICE AREA NUMBER SIX OF THE VILLAGE OF MOUNT PROSPECT
FOR THE FISCAL YEAR BEGINNING JANUARY 1, 1996 AND ENDING
DECEMBER 31, 1996
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 Eighteen Thousand Three Hundred Seventy Dollars ($18,370),
the same being the total amount to be levied of budget appropriations heretofore made for the
municipal puq~oses for the fiscal year beginning January 1, 1996, and ending December 31,
1996, as approved by the President and Board of Trustees of the Village of Mount Prospect, be
and the same is hereby levied of all taxable property within the Special Service Area No. 1 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 1996. 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. 4770 at a meeting
hereof regularly convened and held in said Village of Mount Prospect, Illinois, on the 23rd day
of December, 1995, 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 Appropriated," and the specific amount herein levied for each object and
purpose is set forth under the column "Amount Levied" in Article I.
Section 2: That the sum of One Million Five Hundred Thousand Seven Hundred Fifty
Dollars ($1,500,750), 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, 1996, and
ending December 31, 1996, 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 1996. 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.
4770 at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois
on the 23rd day of December, 1995, 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 Appropriated," and the specific amount herein levied for each
object and purpose is set forth under the column entitled "Amount Levied" in Article II.
Section 3: That the sum of Thirty Eight Thousand Eight Hundred and Forty Dollars
($38,840), 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, 1996, and ending
December 31, 1996, 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 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 1996.
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. 4770
at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois on
the 23rd day of December, 1995, 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 Appropriated," and the specific amount herein levied for each
object and purpose is set forth under the column entitled "Amount Levied" in Article III.
Amount Amount
Aoprooriated Levied
ARTICLE I - SPECIAL SERVICE AREA NO. 1
81 Soeeial Service Area No. 1 Bonds & Interest
818106-710601 Principal $ 18,000 $ 18,000
818106-720602 Interest 4,130 370
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 1
BONDS & INTEREST $ 22.130
AMOUNT TO BE RAISED BY TAX LEVY (1) $ 18,370
ADD 5% FOR LOSS & COST OF COLLECTION 919
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 1 $ 19.289
(1) Amount to be raised by tax levy has been reduced by
an abatemem to be filed of $4,500.
ARTICLE Il -SPECIAL SERVICE AREA NO. 5
61 Lake Water Aeauisition
615512-540800 SSA//5 JAWA Water $1,350,000 $ 802,540
615512-540815 SSA//5 JAWA Fixed Costs 1.212.000 698,210
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISITION $ 2.562.000
AMOUNT TO BE RAISED BY TAX LEVY $1,500,750
ADD 3% FOR LOSS & COST OF COLLECTION 45.023
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 5 $ 1.545.773
ARTICLE III - SPECIAL SERVICE AREA NO. 6
83 Soeeial Service Area No. 6 Bonds & Interest
838106-710607 SSA//6 Principal $ 15,000 $ 15,000
838106-720608 SSA//6 Interest 19,890 19,890
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 6
BONDS & INTEREST $ 34.890
AMOUNT TO BE RAISED BY TAX LEVY $ 34,890
ADD 5% FOR LOSS & COST OF COLLECTION 1.745
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 6 $ 36,635
SUMMARY
Amoum Amount Total Tax Levy
Amount To Be Raised For Loss Including
ARTICLE A~Drooriated Bv Tax Levy And Cost Loss & Costs
I Special Service Area No.1 (1) $ 22,130 $ 18,370 $ 919 $ 19,289
I1 Special Service Area No.5 2,562,000 1,500,750 45,023 1,545,773
III Special Service Area No.6 34,890 34,890 1,745 36,635
(1) Amoum to be raised by tax levy has been reduced by an abatement to be filed of $4,500.
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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.
Section 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, Hendricks, Hoefert, duracek, Wilks, Farley
NAYS: None
ABSENT: None
PASSED and APPROVED THIS 17th Day of December, 1996
Gerald L/F~Iey, Village Pre~si~lent
ATTEST:
Carol Fields, Village Clerk
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