HomeMy WebLinkAboutOrd 4264 12/04/1990 ORDINANCE NO. 4264
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES
FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA NUMBER ONE,
SPECIAL SERVICE AREA NUMBER TWO, SPECIAL SERVICE AREA NUMBER FIVE,
AND SPECIAL SERVICE NUMBER SIX OF THE VILLAGE OF MOUNT PROSPECT
FOR THE FISCAL YEAR BEGINNING F~AY 1, 1990 AND ENDING APRIL 30, 1991
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 4th day of December , 1990
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
5th day of December , 1990.
ORDINANCE NO. 4264
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR THE
MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA NUMBER ONE, SPECIAL
SERVICE AREA NUMBER TWO, SPECIAL SERVICE AREA NUMBER FIVE, AND
SPECIAL SERVICE AREANUMBER SIX OF THE VILLAGE OF MOUNT PROSPECT FOR
THE FISCAL YEAR BEGINNING MAY 1, 1990 AND ENDING APRIL 30, 1991
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 twenty thousand dollars ($20,000), the
same being the total amount to be levied of budget appropriations heretofore
made for the municipal purposes for the fiscal year beginning May 1, 1990, and
ending April 30, 1991, 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 1990. 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. 4175 at a meeting hereof regularly convened and held in said Village of
Mount Prospect, Illinois, on the 19th day of April, 1990, 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.
~ection 2 That the sum of twenty-two thousand two hundred fifty
dollars ($22,250), the same being the total amount to be levied of budget
appropriations heretofore made for the municipal purposes for the fiscal year
beginning May 1, 1990, and ending April 30, 1991, 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 No. 2 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 1990. 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. 4175 at a meeting hereof regularly convened and held
in said Village of Mount Prospect, Illinois, on the 19th day of April, 1990 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 one million five hundred eighty-five
thousand dollars ($1,585,000), the same being the total amount to be levied of
budget appropriations heretofore made for the municipal purposes for the fiscal
year beginning May 1, 1990, and ending April 30, 1991, 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 1990. 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. 4175 at a meeting hereof
regularly convened and held in said Village of Mount Prospect, Illinois on the
19th day of April, 1990, 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.
Section 4 That the sum of thirty-one thousand dollars ($31,000),
the same being the total amount to be levied of budget appropriations heretofore
made for the municipal purposes for the fiscal year beginning May 1, 1990, and
ending April 30, 1991, 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,
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assessed or equalized by State and County purposes for the current year 1990.
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. 4175 at a meeting hereof regularly convened and held in said
Village of Mount Prospect, Illinois on the 19th day of April, 1990, and
thereafter duly published according to law, the various objects and purposes for
said budgetary appropriations were heretofore made are se~ 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 IV.
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Am~ Amount
Appropz ~ted Levied
ARTICLE I - SPECIAL SERVICE AREA NO. 1
091 Special Service Area No. 1 Bends & Interest
9561 Principal $ 12,000 $ 12,000
9562 Interest 10,290 8,000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 1
BONDS & INTEREST ~ 22,290
AMOUNT TO BE RAISED BY TAX LEVY (1) $ 20,000
ADD 5% FOR LOSS & COST OF COLLECTION 1,000
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO~ 1 $ 21,000
(1) Amount to be raised by tax levy has been reduced by
an abatement to be filed of $3,450.00.
ARTICLE II - SPECIAL SERVICE AREA NO. 2
091 Special Service Area No. 2 Bonds & Interest
9563 Principal $ 20,000 $ 20,000
9564 Interest 8~700 2,250
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 2
BONDS & INTEREST $ 28,700
AMOUNT TO BE RAISED BY TAX LEVY (2) $ 22,250
ADD 5% FOR LOSS & COST OF COLLECTION 1,113
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 2 $ 23.363
(2) Amount to be raised by tax levy has been reduced by
an abatement to be filed of $5,000.00.
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Am~ Amount
Ap~ro~rzated Levied
ARTICLE III -SPECIAL SERVICE AREA NO~ 5
072 Lake Water Acauisition
8720 SSA ~5 JAWA Fixed Costs $ 1~350~000 $ 1,325,000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISITION ~,,t.350.000
AMOUNT TO BE RAISED BY TAX LEVY $ 1,325,000
ADD 3% FOR LOSS & COST OF COLLECTION 39,750
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 5 LAKE WATER ACQUISITION $ 1,3641750
072 S~ecial Service Area No. 5 Bonds & Interest
9569 SSA #5 Principal $ 225,000 $ 225,000
9570 SSA #5 Interest 69,940 35,000
9571 SSA #5 Bank Charge 400
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
BONDS & INTEREST $295.340
AMOUNT TO BE RAISED BY TAX LEVY (3) $ 260,000
ADD 5% FOR LOSS & COST OF COLLECTION 13,000
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 5 BONDS & INTEREST ~ 273~000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5 ~
AMOUNT TO BE RAISED BY TAX LEVY $ 1,585,000
ADD FOR LOSS & COST OF COLLECTION 52,750
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 5 ~,.,,~.637.750
(3) Amount to be raised by tax levy has been reduced by
an abatement to be filed of $40,250.00.
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Ami Amount
Approp~ ,ated Levied
ARTICLE IV ~ SPECIAL SERVICE AREA NO. 6
091 Special Service Area No. 6 Bonds & Interest
9572 SSA #6 Principal $ 10,000 $ 10,000
9573 SSA #6 Interest 24,915 21~000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 6
BONDS & INTEREST $34,915
AMOUNT TO BE RAISED BY TAX LEVY (4) $ 31,000
ADD 5% FOR LOSS & COST OF COLLECTION 1~550
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 6 $ 321550
(4) Amount to be raised by tax levy has been reduced by an
abatement to be filed of $3,287.50.
SUMMARY
Amount Amount Total Tax Levy
Amount To Be Raised For Loss Including
ARTICLE Appropriated By Tax Levy And Cost Loss & Costs
I Special Service Area No.1 (1) $ 22,290 $ 20,000 $ 1,000 $ 21,000
II Special Service Area No.2 (2) 28,700 22,250 1,113 23,363
III Special Service Area No.5 (3) 1,645,340 1,585,000 52,750 1,637,750
IV Special Service Area No.6 (4) 34,915 ... 31,000 1,550 32.550
~ $1,658~250 $56,413 $1,714,663
(1) Amount to be raised by tax levy has been reduced by an abatement to be filed
of $3,450.00.
(2) Amount to be raised by tax levy has been reduced by an abatement to be filed
of $5,000.00.
(3) Amount to be raised by tax levy has been reduced by an abatement to be filed
of $40,250.00.
(4) Amount to be raised by tax levy has been reduced by an abatement to be filed
of $3,287.50.
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Section § 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 6 That, if any part or parts of this Ordinance shall be
held to be unconstitutional or otherwise invalid, such unconstitutionality er
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 7 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: Arthur, Corc0ran, F10ros, Van Geem
NAYS: None
ABSENT: Busse
PASSED and APPROVED THIS 4th Day of December, 1990
Village Clerk
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