HomeMy WebLinkAboutOrd 4021 01/17/1989ORDINANCE NO. 4021
AN ORDINANCE TO AMEND ARTICLE VIII
ENTITLED, "REAL ESTATE TRANSFER TAX"
OF CHAPTER 8 OF THE VILLAGE CODE OF
MOUNT PROSPECT, ILLINOIS
PASSED AND APPROVED BY
T~E PRESIDENT AND BOARD OF TRUSTEES
the 17th day of January , 1989
Published in pamphlet form by
authority of the corporate
authorities of the Village of'
Mount Prospect, Illinois, the
19th day of January , 1989.
RDINANCE NO. 402 1
AN ORDINANCE TO AMEND ARTICLE VIII
ENTITLED, "REAL ESTATE TRANSFER TAX"
OF CHAPTER $ OF THE VILLAGE CODE OF
MOUNT PROSPECT, ILLINOIS
WHEREAS, the Mayor and Board of Trustees of the Village of Mount Prospect find
it to be in the best interest of the residents of Mount Prospect to exempt certain
transactions involving the purchase of real property by governmental entities from
the imposition of a Real Estate Transfer Tax.
NOW~ THEREFORE~ BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That paragraph A of Section 8.806 of Chapter g of the Village
Code of Mount Prospect, Illinois, as amended, Is hereby further amended so that
hereinafter said Section 8.806 (A) shall be and read as follows:
"A. Transactions involving property acquired by any governmental body;"
SECTION TWO: This Ordinance shall be in full force and effect from and after its
passage, approval and publication in pamphlet form in the manner provided by law.
PASSED and approved this 17th~day of January ~ 1989.
AYES: Arthur, Farley,
NAYS: None
ABSENT: Wattenberg
Floros, Murausk~s, VanGeem
ATTEST:
Village Clerk
Village Prj~stdent