HomeMy WebLinkAboutOrd 4506 12/15/1992 ORDINANCE NO. 4506
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
UNLIMITED TAX BONDS OF SPECIAL SERVICE AREA NUMBER ONE,
SPECIAL SERVICE AREA NUMBER TWO, AND SPECIAL SERVICE AREA
NUMBER SIX OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE
FISCAL YEAR BEGINNING MAY 1, 1992 AND ENDING APRIL 30, 1993
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 15th day of December, 1992
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois,
the 15th day of December, 1992
ORDINANCE NO. 4 5 0 6
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
UNLIMITED TAX BONDS OF SPECIAL SERVICE AREA NUMBER ONE,
SPECIAL SERVICE AREA NUMBER TWO, AND SPECIAL SERVICE AREA
NUMBER SIX OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE
FISCAL YEAR BEGINNING MAY 1, 1992 AND ENDING APRIL 30, 1993
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF
MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
Section One: The President and Board of Trustees of the Village of Mount Prospect find as follows:
A. That pursuant to Village Ordinance No. 2954 adopted November 6, 1979 authorizing the
issuance of Unlimited Tax Bonds of Special Service Area Number 1 of the Village of Mount
Prospect there was levied for the year 1992 the sum of $22,490.00 for principal and interest
payments.
B. That pursuant to Village Ordinance No. 3009 adopted June 3, 1980 and as further amended
by Ordinance 3013 adopted June 17, 1980 and authorizing the issuance of Unlimited Tax
Bonds of Special Service Area Number 2 of the Village of Mount Prospect there was levied
for the year 1992 the sum of $28,987.50 principal and interest payments.
C. That pursuant to Village Ordinance No. 3950 adopted June 21, 1988 and 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 1992 the sum of $37,987.50 for principal and interest
payments.
D. That as of December 1, 1992 there has been collected, deposited to and on hand in the
Article I - Unlimited Tax Bond and Interest Fund the sum of $7,490.00 for application to
bond and interest payments for the bonds issued pursuant to Village Ordinance 2954 adopted
November 6, 1979.
E. That as of December 1, 1992 there has been collected, deposited to and on hand in the
Article II - Unlimited Tax Bond and Interest Fund the sum of $13,987.50 for application to
bond and interest payments for the bonds issued pursuant to Village Ordinance 3009 adopted
June 3, 1980 and as further amended by Ordinance 3013 adopted June 17, 1980.
F. That as of December 1, 1992 there has been collected, deposited to and on hand in the
Article IV - Unlimited Tax Bond and Interest Fund the sum of $2,987.50 for application to
bond and interest payments for the bonds issued pursuant to Village Ordinance 3950 adopted
June 21, 1988.
Section Two: It is hereby declared and determined by the President and Board of Trustees of this Village
that the amount of $22,490.00 levied for Unlimited Tax Bond and Interest payments of Special Service Area
Number 1 of this Village, pursuant to Village Ordinance No. 2954 adopted on November 6, 1979 be and
the same is hereby abated in the amount of $7,490.00 leaving a balance of $15,000.00 as that amount levied
for such bond and interest payment purposes for the fiscal year commencing May 1, 1992 and ending
April 30, 1993.
Section Three:It is hereby declared and determined by the President and Board of Trustees of the Village
of Mount Prospect that the amount of $28,987.50 levied for Unlimited Tax Bond and Interest payments for
Special Service Area Number 2 pursuant to Ordinance No. 3009 adopted June 3, 1980 and as further
amended by Ordinance 3013 adopted June 17, 1980 be and the same is hereby abated in the amount of
$13,987.50 leaving a balance of $15,000.00 as that amount levied for such bond and interest payment
purposes for the fiscal year beginning May 1, 1992 and ending April 30, 1993.
Section Four: It is hereby declared and determined by the President and Board of Trustees of the Village
of Mount Prospect that the amount of $37,987.50 levied for Unlimited Tax Bond and Interest payments for
Special Service Area Number 6 pursuant to Ordinance No. 3950 adopted on June 21, 1988 be and the same
is hereby abated in the amount of $2,987.50, leaving a balance of $35,000.00 as that amount levied for such
bond and interest payment purposes for the fiscal year beginning May 1, 1992 and ending April 30, 1993.
Section Five: It is hereby declared and determined by the President and Board of Trustees of the Village of
Mount Prospect that Village Ordinance 2954 is hereby amended with respect to the tax abatement declared
herein and set forth in Section Two of this Ordinance.
Section Six: It is hereby declared and determined by the President and Board of Trustees of the Village of
Mount Prospect that Village Ordinance 3013 is hereby further amended with respect to the tax abatement
declared herein and set forth in Section Three of this Ordinance.
Section Seven: 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 Four of this Ordinance.
Section Eight: 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.
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ection Nine: This Ordinance shall be in full force and effect upon its passage, approval and publication
in pamphlet form and filing as provided by law.
AYES: Busse, Clowes, Corcoran, Hoefert
NAYS: None
ABSENT: Wilks, Floros
PASSED and APPROVED ~isl5~ d~ ofDecember. 1992.
ATTEST: ~ Gerald L. l~arle~, Village Pre//~nt
/ Carol A. Fields, Vlllage QlerkF
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