HomeMy WebLinkAboutOrd 4123 12/05/1989ORDINANCE NO. 4123
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED
FOR UNLIMITED TAX BONDS OF SPECIAL SERVICE AREA NUMBER 6
OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR
BEGINNING MAY 1, 1989 AND ENDING APRIL 30, 1990
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 5th day of .December - , 1989
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount P~ospect, Illinois, the
6th aay of December , 1989.
RDINANCE NO. 4123
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
UNLIMITED TAX BONDS DF SPECIAL SERVICE AREA NUMBER 6 OF
THE VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE FISCAL
YEAR BEGINNING MAY 1, 1989 AND ENDING APRIL 30~ 1990
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 foilows:
That pursuant to Village Ordinance No. 3950 adopted 3une 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 1989 the sum of $34,912.50 for principal and interest
payments.
That as of December 1, 1989 there has been collected, deposited to
and on hand in the ArtzcIe IV -Uniimited Tax Bond and Interest Fund
~he sum of $3,912.50 for appIzcatzon to bond and interest payments
for the bonds issued pursuant to Viiiage Ordinance 3950 adopted
3une 21, 1988.
SECTION TWO: It zs hereby declared and determined by the President and Board
of Trustees of the V~llage of Mount Prospect that the amount of $34,912.50
levied for Unlimited Tax Bond and Interest payments for Special Service Area
Number 6 pursuant to Ordinance No. 3950 adopted on 3une 21, 1988 be and the
same zs hereby abated in the amount of $3,912.50, leaving a balance of $31,000
as of the amount lewed for such bond and interest payment purposes for the
fiscal year beginning May 1, 1989 and ending April 30, 1990.
SECTION THREE: VzlIage Ordinance 3950 zs hereby amended with respect to the
tax abatement declared herein and set forth zn Section Two of this Ordinance.
SECTION FOUR: 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
passage,
laW.
FIVE: This Ordinance shall be in full force and effect upon its
approval and publication zn pamphlet form and filing as provided by
AYES:
NAYS:
ABSENT:
Arthur, Busse, Corcoran, Van Geem
None
Floros, Wattenberg
PASSED and APPROVED this 5th day of December~ 1989.
Carol A. Fields'
Vzliage Clerk