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HomeMy WebLinkAboutOrd 5474 12/21/2004 ORDINANCE NO. 5474 AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR UNLIMITED TAX BONDS OF SPECIAL SERVICE AREA NUMBER SIX OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING JANUARY 1,2004 AND ENDING DECEMBER 31,2004 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 21st day of December, 2004 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, the 22nd day of December, 2004. ORDINANCE NO. 5474 AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR UNLIMITED TAX BONDS OF SPECIAL SERVICE AREA NUMBER SIX OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004 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. 3950 adopted June 21, 1988 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 2004 the sum of $37,800 for principal and interest payments. B. That as of December 1, 2004 there has been collected, deposited to and on hand in the Article I - Unlimited Tax Bond and Interest Fund the sum of $1 0,000 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$3 7 ,800 levied for Unlimited Tax Bond and Interest payments of Special Service Area Number 6 ofthis Village, pursuant to Village Ordinance No. 3950 adopted on June 21, 1988 be and the same is hereby abated in the amount of$l 0,000 leaving a balance of$27,800 as that amount levied for such bond and interest payment purposes for the fiscal year commencing January 1, 2004 and ending December 31,2004. Section Three: It is hereby declared and determined by the President and Board of Trustees ofthe Village of Mount Prospect that Village Ordinance 3950 is hereby amended with respect to the tax abatement declared herein and set forth in Section Two of this Ordinance. Section Four: The Village Clerk ofthe 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. 1 Section Five: 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: Corcoran, Hoefert, Lohrstorfer, Skowron, Wilks, Zadel NAYS: None ABSENT: None PASSED and APPROVED this 21 st day of December, 2004. ATTEST: illage President ~ :'/ 2