HomeMy WebLinkAboutOrd 4380 12/17/1991 ORDINANCE NO. . 4380
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 AREANUMBER FIVE, AND
SPECIAL SERVICE AREA NUMBER SIX OF THE VILLAGE OF MOUNT PROSPECT
FOR THE FISCAL YEAR BEGINNING MAY, 1991 AND
ENDING APRIL 30, 1992
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 17th day of December , 1991
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
19th day of December , 1991.
ORDINANCE NO. 4380
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, 1991 AND ENDING APRIL 30, 1992
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 nineteen thousand dollars ($19,000),
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 1991, and
ending April 30, 1992, 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 1991. 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. 4296 at a meeting hereof regularly convened and held in said Village of
Mount Prospect, Illinois, on the 16th day of April, 1991, 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 seventeen thousand five hundred dollars
($17,500), the same being the total amount to be levied of budget appropriations
heretofore made for ~he municipal purposes for the fiscal year beginning May 1,
1991, and ending April 30 1992, ss 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 1991.
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. 4296 at a meeting hereof regularly convened and held in said
Village of Mount Prospect, Illinois, on the 16th day of April, 1991 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 three hundred twenty-five
thousand dollars ($1,325,000), 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, 1991, and ending April 30, 1992, 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 1991. 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. 4296 at a meeting hereof
regularly convened and held in said Village of Mount Prospect, Illinois on the
16th day of April, 1991, 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, 1991, and
ending April 30, 1992, 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 1991.
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. 4296 at a meeting hereof regularly convened and held in said
Village of Mount Prospect, Illinois on the 16th day of April, 1991, 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 IV.
3
Amou. Amount
Appropriated Levied
ARTICLE I - SPECIAL SERVICE AREA NO. 1
091 Special Service Area No. 1 Bonds & Interest
9561 Principal $ 14,000 $ 14,000
9562 Interest 9,450 5~000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 1
BONDS & INTEREST $23.450
AMOUNT TO BE RAISED BY TAX LEVY (1) $ 19,000
ADD 5% FOR LOSS & COST OF COLLECTION 950
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 1 $ 19,950
(1) Amount to be raised by tax levy has been reduced by
an abatement to be filed of $3,470.
ARTICLE II - SPECIAL SERVICE AREA NO. 2
091 Special Service Area No. 2 Bonds & Interest
9563 Principal $ 20,000 $ 17,500
9564 Interest 7,250
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 2
BONDS & INTEREST ~ 27,250
AMOUNT TO BE RAISED BY TAX LEVY (2) $ 17,500
ADD 5% FOR LOSS & COST OF COLLECTION 875.
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 2 $ 18.375
(2) Amount to be raised by tax levy has been reduced by
an abatement to be filed of $13,300.
4
Amou~. ~ Amount
Appropriaued Levied
ARTICLE III -SPECIAL SERVICE AREA NO. 5
072 Lake Water Acquisition
6705 SSA #5 JAWA Fixed Costs $ 1,325,000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISITION ~
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 ~ 1~364~750
072 Special Service Area No. 5 Bonds & Interest
9569 SSA #5 Principal $ 250,000 $
9570 SSA #5 Interest 50,250
9571 SSA #5 Bank Charge 800
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
BONDS & INTEREST $ 301~050
AMOUNT TO BE RAISED BY TAX LEVY (3) $
ADD 5% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 5 BONDS & INTEREST $
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5 ~
AMOUNT TO BE RAISED BY TAX LEVY $ 1,325,000
ADD FOR LOSS & COST OF COLLECTION 39,750
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 5 $ 1,364,750
(3) Amount to be raised by tax levy has been reduced by
an abatement to be filed of $327,750.
A~ou Amount
Appropriated 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 24,290 21,000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 6
BONDS & INTEREST $ 34~290
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 $32.550
(4) Amount to be raised by tax levy has been reduced by an
abatement to be filed of $2,647.
SUMMARY
Amount Amount Total Tax Levy
Amount To Be Raised For Loss Including
ARTICLE Appropriated By Tax Levw ~nd Cost Loss & Costs
I Special Service Area No.1 (1) $ 23,450 $ 19,000 $ 950 $ 19,950
II Special Service Area No.2 (2) 27,250 17,500 875 18,375
III Special Service Area No.5 (3) 1,626,050 1,325,000 39,750 1,364,750
IV Special Service Area No.6 (4) 34~290 31~000 1~550 32,550
$1,711.040 $1,392,500 $43.125 $1,435~625
(1) Amount to be raised by tax levy has been reduced by an abatement to be filed
of $3,470.
(2) Amount to be raised by tax levy has been reduced by an abatement to be filed
of $13,300.
(3) Amount to be raised by tax levy has been reduced by an abatement to be filed
of $327,750.
(4) Amount to be raised by tax levy has been reduced by an abatement to be filed
of $2,647.
.Section 5 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 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 unconstitu-
tional 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 Busse, Clowes, Corcoran, Floros, Hoefert, Wilks
NAYS None
ABSENT: None
PASSED and APPROVED THIS 17th Day of December, 1991
Village Clerk
7