HomeMy WebLinkAboutOrd 5616 02/20/2007
ORDINANCE NO. 5616
AN ORDINANCE AMENDING CHAPTER 8 ENTITLED "VILLAGE
GOVERNMENT; MISCELLANEOUS PROVISIONS" OF
THE VILLAGE OF CODE OF MOUNT PROSPECT
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
THE 20th DAY OF FEBRUARY 2007
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois,
the 21st day of February 2007.
ORDINANCE NO. 5616
AN ORDINANCE AMENDING CHAPTER 8
ENTITLED "VILLAGE GOVERNMENT; MISCELLANEOUS PROVISIONS"
OF THE VILLAGE CODE OF MOUNT PROSPECT, ILLINOIS
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS ACTING IN THE EXERCISE OF
THEIR HOME RULE POWERS:
SECTION 1: Section 8-804 entitled "Application for Rebate" of Chapter 8 entitled
"Village Government; Miscellaneous Provisions" of the Mount Prospect Village Code shall be
amended by deleting subparagraph (A) of Section 8-804 in its entirety and inserting in lieu thereof
a new subparagraph (A) which shall be and read as follows:
A. Residential Property:
1. Within one year of making the application for a rebate, the
applicant shall have:
a. Owned and occupied a single family dwelling unit in the
Village of Mount Prospect as his or her principal residence
and then sold that same dwelling unit; and
b. Paid the transfer tax of $3.00/$1,000.00; and then
2. Within one year of the date of selling the same residence
referred to in (1) above, the applicant shall have:
a. Purchased and be occupying a single-family dwelling
unit within the Village as his or her principal residence;
and
b. Have paid the appropriate tax on that house; or
SECTION 2: Section 8-804 entitled "Application for Rebate" of Chapter 8 entitled
"Village Government; Miscellaneous Provisions" of the Mount Prospect Village Code shall be
amended by adding the following language to the third and final paragraph of subparagraph B:
For purposes of this section, "owning and operating a business" on any
premises shall not mean for the business of construction, remodeling,
selling or holding for sale that particular premise.
SECTION 3: Article VIII, entitled "Real Estate Transfer Tax", Section 8-807 entitled
"Exempt Transactions" of Chapter 8 entitled "Village Government; Miscellaneous Provisions" of
the Mount Prospect Village Code shall be amended by deleting the following language from
subparagraph G:
"(if the decree is a decree of divorce, consideration shall be presumed according to
section 8.802 of this article or unless satisfactory documentary evidence to the
contrary is presented):"
SECTION 4: That this Ordinance shall be in full force and effect from and after its
passage, approval and publication in pamphlet form in the manner provided by law.
AYES:
Corcoran, Hoefert, Kom, Lohrstorfer, Skowron, Zadel
NAYS:
None
ABSENT:
None
PASSED and APPROVED this 20th day of February, 2007
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