HomeMy WebLinkAboutOrd 3695 09/02/1986ORDINANCE NO. 3695
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSHS OF SPECIAL SERVICE
AREA NUMBER ONE, SPECIAL SERVICE AREA NUMBER TWO,
SPECIAL SERVICE AREA NUMBER THREE, SPECIAL SEP~ICE
AREA NUMBER FOUR, AND SPECIAL SERVICE AREA NUMBER
FIVE OF THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL
YEAR BEGINNING MAY 1, 1986 AND ENDING APRIL 30, 1987
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
THE 2nd DAY OF S~p~h~ '1986.
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
3rd day of September ,1986.
DRDINANCE NO. 3695
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
THREE, SPECIAL SERVICE AREA NUMBER FOUR, AND SPECIAL SERVICE
AREA NUM8ER FIVE OF THE VILLAGE OF MOUNT PROSPECT FOR THE
FISCAL YEAR BEGINNING MAY 1, 1986 AND ENDING APRIL 30, 1987
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 six hundred Fifty
seven dollars ($23,657), 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, 1986, and ending April 30, 1987, 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 1986. 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. 3638 at a meeting hereof regularly convened
and held in said Village of Mount Prospect, Illinois, on the 15th day of April,
1986, 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 twenty eight thousand six hundred ninety
one dollars ($28,691), 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, 1986, and eCding April 30, 1987, 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. ~ of
the Village of Mount Prospect according to the valuation of said property as is,
or shall be, assemsed or equalized by State and County purposes for the current
year 1986. The budgetary apropriations theretoFore having been made heretofore
by the President and Board of Trustees of the Village of Mount Prospect were
pabsed and approved by Ordinance No. 3638 at a meeting hereof regularly convened
and held in said Village of Mount Prospect, Illinois, on the 15th day of April,
1986, and thereafter duly published according t° law, the various objects and
purposes For said budgetary sppropriations 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 four thousand nine hundred nineteen
dollars ($4,919), 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, 1986, and ending April 30, 1987, 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. 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 1986. 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. 3638 at a meeting hereof regularly convened
and held in said Village of Mount Prospect, Illinois, on the 15th day of April,
1986, 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
levie'd for each object and purpose is set forth under the column entitled
"Amount Levied" in Article III.
Section 4 That the sum of nine thousand eight hundred thirty eight
dollars ($9,838), the same being the total amount to be levied of budget
appropriations heretofore made for the municipal pdrposes for the Fiscal year
beginning May 1, 1986, and ending April 30, 1987, 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
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year 1986. The budgetary appropriations Lheretofore having been made heretofore
by the President and 8card of Trustees of the Village of Mount Prospect were
passed and approved by Ordinance No. 3638 at a meeting hereof regularly convened
and held in said Village of Mount Prospect, Illinois, on the 15th day of April,
1986, 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 three hundred seventy two
thousand three hundred ten dollars ($1,372,310), 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, 1986, and ending April 30, 1987, 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 1986. The budgetary appropriations
theretofore having been made heretofore by the President and Board of Trustees
of the Village o¢ Mount Prospect were passed and approved by Ordinance No. 3638
at a meeting hereof regularly convened and held in said Village of Mount
Prospect, Illinois on the 15th day o¢ April, 1986, 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 fo= each object and purpose
is set Forth under the column entitled "Amount Levied" in Article V.
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ARTICLE I - SPECIAL SERVICE AREA NO. 1
091 Speciat Service Area No. 1 Bonds & Interest
9561 Principal
9562 Interest
Amount Amount
Appropriated Levied
$ 10,000 $ 10,000
13,160 12,530
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 1
80NDS & INTEREST
AMOUNT TO BE RAISED BY TAX LEVY
ADD 5% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX ~EVY FOR SPECIAL SERVICE AREA NO. 1
$ 23,160
$ 22,530
1,127
$ 23,657
ARTICLE II - SPECIAL SERVICE AREA NO. 2
091 Special Service Area No. 2 Bonds & Interest
9563 Principal
9564 Interest
$ 15,000
13,415
$ 28,415
$ 15,000
12,325
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 2
BONDS & INTEREST
AMOUNT 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
27,325
1,366
$ 28,691
ARTICLE III.- SPECIAL SERVICE AREA NO. 3
091 Special Service Area No. 3 Bonds & Interest
9565 Principal
9566 Interest
$ 3,199
1,486
$ 4,685
$ 3,519
1,166
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO.
BONDS & INTEREST
AMOUNT 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. 3
4,685
234
$ 4,919
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ARTICLE IV - SPECIAL SERVICE AREA NO. c
091 Special Service Area No. 4 Bonds & Interest
9567 Principal
9568 Interest
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 4
BONDS & INTEREST
AMOUNT 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. 4
Amount
Appropriated
Amount
Levied
$ 6,398 $ 7,038
2,972 2,332
$_____9.37__0
$ 9,370
468
$ 9~83~
ARTICLE V - SPECIAL SERVICE AREA NO. '5
058 Special Service Area No. 5 Construction
9841 SSA #5 Construction 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 8Y TAX LEVY
FOR SPECIAL SERVICE AREA NO. 5 CONSTRUCTION
$1,450,000
$1,450,000
$1,075,000
$1,075,000
32,250
$1,107,250
091 Special Service Area No. 5 Bonds & Interest
9569 SSA #5 Principal
9570 SSA #5 Interest
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5 BONDS & INTEREST
AMOUNT TO BE RAISED BY TAX LEVY
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 TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO..5
$ 150,000
131,840
$ 281,990
$1,731,990
$ 175,000
77,438.
$ 252,438
12,622
$ 265,060
$1,327,438
44,872
$1~372,310
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SUMMARY
ARTICLE
Amount
Appropriated
Amount
To Be Raised
By Tax Levy
Total Tax Levy
Including
Loss & Costs
I Special Service Area No. 1
II Special Service Area No. 2
23,160
28,415
22,530
27,325
23,657
28~691
III Special Service Area No. 3
4,685
4,685
4,919
IV Special Service Area No. 4
9,370
9,370
9,838
V Special Service Area No. 5
1,731,990
$1,797,620
1,327,438
$1,391,348
1,372,310
$1,439,415
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Section 6 That the Village Clerk of the Village of Mount Prospect is
hereby directed to. certify a copy of this Ordinance and ia hereby authorized and
directed t~ File a copy of the same with the County Clerk of Cook County,
Illinois, within the time specified by law.
Section 7 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 remsining parts of the Ordinance
if they had known that such part or parts thereof would be declared uncon-
stitutional or otherwise invalid.
Section 8 That this Ordinance shall be in full force and effect from
and after its passage, approve, publication in pamphlet form and recording, as
provided by law.
AYES: Farley, Floros, Van Geem, Wattenberg
NAYS: None
ABSENT: Arthur, Murauskis
PASSED AND APPROVED THIS 2nd day of September, 1986
ATTEST:
Village President
Village Clerk
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