HomeMy WebLinkAboutOrd 4378 12/17/1991 ORDINANCE NO. 4378
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, SPECIAL SERVICE AREA
NUMBER FIVE, AND SPECIAL SERVICE AREA NUMBER SIX OF THE
VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR
BEGINNING MAY 1, 1991 AND ENDING APRIL 30, 1992
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 17th day of - - _ .e , 1991
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
19th day of ~, 1991.
ORDINANCE NO. 4378
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
UNLIMITED TAX BONDS OF SPECIAL SERVICE AREANUMBER ONE,
SPECIAL SERVICE AREA NUMBER TWO, SPECIAL SERVICE AREA
NUMBER FIVE, AND SPECIAL SERVICE AREANUMBER SIX OF THE
VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR
BEGINNING MAY 1, 1991 AND ENDING APRIL 30, 1992
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
1991 the sum of $22,470.00 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
1991 the sum of $30,800.00 for principal and interest payments.
C. That pursuant to Village Ordinance No. 3292, adopted December 7, 1982
and authorizing the issuanc~ of Unlimited Tax Bonds of Special Service
Area Number 5 of the Village of Mount Prospect there was levied for the
year 1991 the sum of $327 750.00 for principal and interest payments.
D. 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
1991 the sum of $33,647.50 for principal and interest payments.
E. That as of December 1. 1991 there has been collected, deposited to and
on hand in the Article I - Unlimited Tax Bond and Interest Fund the sum
of $3,470.00 for application to bond and interest payments for the
bonds issued pursuant to Village Ordinance 2954 adopted November 6,
1979.
F. That as of December 1, 1991 there has been collected, deposited to and
on hand in the Article II - Unlimited Tax Bond and Interest Fund the
sum of $13,300.00 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.
G. That as of December 1, 1991 there has been collected, deposited to and
on hand in the Article III - Unlimited Tax Bond and Interest Fund the
sum of $327,750.00 for application to bond and interest payments for
the bonds issued pursuant to Village Ordinance 3292 adopted December
7, 1982.
H. That as of December 1, 1991 there has been collected, deposited to and
on hand in the Article IV ~ Unlimited Tax Bond and Interest Fund the
sum of $2,647.50 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 $22,470.00 leveed 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 $3,470.00 leaving a balance of $19,000.00 as that amount
levied for such bond and interest payment purposes for the fiscal year commencing
May 1, 1991 and ending April 30, 1992.
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 $30,800.00 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 $13,300.00
leaving a balance of $17,500.00 as that amount levied for such bond and interest
payment purposes for the fiscal year beginning May 1, 1991 and ending April 30, 1992.
Section Four: It is hereby declared and determined by the President and Board of
Trustees of this Village that the amount of $327,750.00 levied for Unlimited Tax Bond
and Interest payments of Special Service Area Number 5 of this Village, pursuant to
Village Ordinance No. 3292 be and the same is hereby abated in the amount of
$327,750.00, leaving a balance of none as that amount levied for such bond and
interest payment purposes for the fiscal year commencing May 1, 1991 and ending
April 30, 1992.
Section Five: It is hereby declared and determined by the President and Board of
Trustees of the Village of Mount Prospect that the amount of $33,647.50 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 $2,647.50, leaving a balance of $31,000 as that amount levied for such bond
and interest payment purposes for the fiscal year beginning May 1, 1991 and ending
April 30, 1992.
Section Six: 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.
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ection Seven: 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 Eight: It is hereby declared and determined by the President and Board of
Trustees of the Village of Mount Prospect that Village Ordinance 3292 is hereby
amended with respect to the tax abatement declared herein and set forth in Section
Four of this Ordinance.
Section Nine: 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
Five of this Ordinance.
Section Ten: 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.
Section Eleven: 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, Clewes, Corcoran, Hoefert, Floros, Wilks
NAYS: None
ABSENT: None
PASSED and APPROVED this 17th day of December, 1991.
Gerald L. l~rley, Vil'l~esident
ATTEST:
/
Carol A. Fields, Village Clerk