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Home My WebLink AboutOrd 3975 09/06/1988ORDINANCE ND. 39?5 AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR THE MUNICIPAL PURPOSES DF SPECIAL SERVICE AREA NUMBER ONE, SPECIAL SERVICE AREA NUMBER TWO, SPECIAL SERVICE AREA NUMBER THREE, SPECIAL SERVICE AREA NUMBER FOUR, SPECIAL SERVICE AREA NUMBER FIVE AND SPECIAL SERVICE AREA NUMBER SIX OF THE VILLAGE OF MOUNT PRDSPE£T FOR THE FISCAL YEAR BEGINNING MAY 1, 1988 AND ENDING APRIL 30, 1989 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 three thousand one hundred sixty- three dollars ($2~,163), the same being the total amount to be levied of budget appropriations heretofore made for the municipal purposes for the fiscal year beginning May 1, lP88, and ending April 30, 1989, as approved by the President and Board of Trustees of the Village of Mount Prospect, be and the same is hereby levied of all taxable property within the Special Service Ares No, I of the Village of Mount Prospect according to the valuation of said property as is, or shall be assessed or equalized by State and County purposes for the current year lP88, The budgetary appropriations theretofore having been made heretofore by the President and Board of Trustees of the Village of Mount Prospect were passed and approved by Ordinance No, 39~2 at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois, on the 26th day of April, 1988, and thereafter duly published according to law, the various objects and purposes for said budgetary appropriations were heretofore made are set forth under the column entitled "Amount Appropriated," and the specific amount herein levied for each object and purpose is set forth under the column "Amount Levied" in Article I. Section 2 That the sum of thirty-one thousand six hundred fifty- eight dollars ($]1,658), 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, 1¢88, and ending April 30, 1~89, 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 1988. The budgetary apropriations theretofore having been made heretofore by the President and Board of Trustees of the Village of Mount Prospect were passed and approved by Ordinance No. 3932 at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois, on the 26th day of April, 1988, and thereafter duly published according to law, the various objects end 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 two thousand eight hundred thirty-five dollars ($2,83~), 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, 1988, and ending April 30, 1989, as approved by the President and Board of Trustees of the Village of Mount Prospect, be and the same is hereby levied on ali taxable property within the Special Service Area No. 3 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 1988. The budgetary appropriations theretofore having been made heretofore by the President and Board of Trustees of the Village of Mount Prospect were passed and approved by Ordinance No. 3932 at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois, on the 26th day of April, 1988, 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 one thousand six hundred eighty dollars ($1,680), 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, 1988, and ending April 30, 1989, 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. 4 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 1988. The budgetary appropriations theretofore having been made heretofore by the -2- President and Board of Trustees of the Village of Mount Prospect were passed and approved by Ordinance No. 3932 at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois, on the 26th day of April, 1988, 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. Section 5 That the sum of one million five hundred fifty-seven thousand six hundred forty dollars ($1,557,640), 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, 1988, and ending April 30, 1989, 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 1988. The budgetary appropriations theretofore having been made heretofore by the President and Board of Trustees of the Village of Mount Prospect were passed and approved by Ordinance No. 3932 at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois on the 26th day of April, 1988, and thereafter duly published according to law, the various objects and purposes for said budgetary appro- priations were heretofore made are set forth under the column entitled "Amount Appropriated," and the specific amount herein levied for each object and purpose zs set forth under the column entitled "Amount Levied" in Article V. Section 6 That the sum of thirty-two thousand twenty-five dollars ($32,025), 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, 1988, and ending April 30, 1989, as approved by the President and Board of Trustees of the Village of Mount Prospect, be and the same zs hereby levied on ail taxable property within the Special Service Area Number 6 of the Village of Hount 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 1988. -3- The budgetary appropriations theretofore having been made heretofore by the President and Board of Trustees of the Village of Hount Prospect were passed and approved by Ordinance No. 3932 at a meeting hereof regularly convened and held in said Village of Hount Prospect, Illinois on the 26th day of April, 1988, 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 VI. -4- ARTICLE I - SPECIAL SERVICE AREA NO. 1 091 Special Service Area No. 1 Bonds & Interest 9561 Principal 9562 Interest TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. BONDS & INTEREST AHOUNT TO BE RAISED BY TAX LEVY ADD 5% FOR LOSS & COST OF COLLECTION TOTAL AHOUNT TO BE RAISED BY TAX LEVY FOR SPECIAL SERVICE AREA NO. 1 Amount Appropriated Amount Levied $ 11,000 11,830 $ 11,000 11,060 $ 22,830 $ 22,060 1,103 $ 23,163 ARTICLE II - SPECIAL SERVICE AREA NO. 2 091 Speeiai Service Area No. 2 Bonds & Interest 9563 Prznczpal 9564 Interest TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 2 BONDS & INTEREST AHOUNT TO BE RAISED BY TAX LEVY ADD 5% FOR LOSS & COST OF COLLECTION TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR SPECIAL SERVICE AREA NO. 2 $ 20,000 11,240 $ 31t2aO $ 20,000 10,150 $ 30,150 1,508 $ 31,658 ARTICLE III - SPECIAL SERVICE AREA NO. 3 091 Special Service Area No. 3 Bends & Interest 9565 Principal 9566 Interest $ 3,871 $ 2,700 814 - TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 3 BONDS & INTEREST AMOUNT TO BE RAISED BY TAX LEVY (1) ADD 5% FOR LOSS & COST OF COLLECTIDN TOTAL AMOUNT TO BE RAISED BY TAX LEVY FDR SPECIAL SERVICE AREA NO. 3 (1) Amount to be raised by tax levy has been reduced by an abatement to be filed of $1,997.59. 2,700 135 $ 2,835 -5- ARTICLE IV - SPECIAL SERVICE'AREA NO. 4 091 Special Service Area No. 4 Bonds & Interest 9567 Prznczpal 9568 Interest TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 4 BONDS & INTEREST AMOUNT TO BE RAISED BY TAX LEVY (2) ADD 5% FOR LOSS & COST OF COLLECTION TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR SPECIAL SERVICE AREA NO. 4 (2) Amount to be raised by tax ievy has been reduced by an abatement to be fzied of $7,795.17. Amount Approprzated $ 7,742 1,628 Amount Levied $ 1,600 $ 1,600 8O ARTICLE V - SPECIAL SERVICE AREA NO. 5 058 Special Service Area No. 5 Construction 9841 SSA #5 Transfer-3AWA Const. Costs TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5 FOR CONSTRUCTION AMOUNT TO BE RAISED BY TAX LEVY ADD 3% FOR LOSS AND COST OF COLLECTION TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR SPECIAL SERVICE AREA NO. 5 CONSTRUCTION $1,331,000 ~1,331,000 $1,288,000 $1,288,000 38,640 $1,326,640 091 Specza! Service Area No. 5 Bonds & Interest 9569 SSA #5 Principal 9570 SSA #5 Interest 9571 SSA #5 Bank Charge TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5 BONDS & INTEREST AMOUNT TO BE RAISED BY TAX LEVY (3) ADD 5% FOR LOSS AND 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 ADD FOR LOSS & COST OF COLLECTION TOTAL AMOUNT TD BE RAISED BY TAX LEVY FOR SPECIAL SERVICE AREA NO. 5 $ 200,000 103,440 5OO $ 303,940 $ 200,000 20,000 $ 220,000 11,000 $ 231,000 $1,508,000 49,640 (3) Amount to be raised by tax levy has been reduced by an abatement to be filed of $66,937.50. -6- ARTICLE VI - SPECIAL SERVICE AREA NO. 6 091 Special Service Area No. 6 Bonds & Interest 9572 SSA #6 Principal 9573 SSA #6 Interest TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 6 BONDS & INTEREST AMOUNT TO BE RAISED BY TAX LEVY (4) ADD 5% FOR LOSS & COST OF COLLECTIDN TOTAL AMDUNT TO BE RAISED BY TAX LEVY FOR SPECIAL SERVICE AREA NO. 6 (4) Amount to be raised by tax levy has been reduced by an abatement to be filed of $15,642.71. $ 10,000 $ 10,000 27,800 20~500 $ 37~800 $ 30,500 1,525 025 ARTICLE I Special Serviee Area No. 1 II Special Service Area No. 2 III Special Service Area No. 3 IV Special Service Area No. 4 V Special Service Area No. 5 VI SUMMARY (1) (2) (3) (4) (1) (2) (3) Special Service Area No. 6 (4) Amount Amount Total Tax Levy Amount To Be Raised For Loss Including Appropriated By Tax Levy And Cost Loss & Costs $ 22,830 $ 22,060 $ 1,103 $ 23,163 31,240 30,150 1,508 31,658 4,685 2,700 135 2,835 9,370 1,600 80 1,680 1,634,9~0 1,508,000 49,640 1,557,640 37,800 30~500 1,525 32t025 ~1,740,865 ~ ~ ~ Amount to be raised by tax levy has been reduced by an abatement to be filed of $1,997.59. Amount to be raised by tax levy has been reduced by an abatement to be filed of $7,795.17. Amount to be raised by tax Ievy has been reduced by an abatement to be filed of $66,937.50. Amount to be raised by tax levy has been reduced by an abatement to be filed of $15,642.71. -7- ectzon 7 That the Vzllage Clerk of the Vzllage of Mount Prospect zs hereby dzrected to certzfy a copy of thzs Ordznance and zs hereby authorzzed and dzrected to fzle a copy of the same wzth the County Clerk of Cook County, Ilhnozs, wzthzn the tzme speczfzed by law. Sectzon 8 That, zf any part or parts o¢ thzs Ordznance shaii be heid to be unconstztutzonal or otherwzse znvalzd, such unconstztutzonalzty or znvahdzty, shall not affect the valzdzty of the remaznzng parts of thzs Ordinance. The Preszdent and Board of Trustees of the Vzllage of Mount Prospect hereby declares that they would have passed the remaznzng parts o¢ the Ordznance zf they had known that such part or parts thereof would be declared uncon- stztutzonal or otherwzse znvalzd. Sectzon 9 That thzs Ordznance shaii be zn fuIi force and effect from and after zts passage, approve, publzcatzon zn pamphlet form and recordzng, as provzded by law. AYES: Floros, Wattenberg, Arthur, Van Geem, Farley, Murauskis. NAYS: None ABSENT :None PASSED AND APPROVED THIS 6th day of September, 1988 ATTEST: Vzllage Clerk Vzllage Preszdent -8-