HomeMy WebLinkAboutOrd 3456 09/04/1984 RDINANCE NO. 3456 ·
AN ORDINANCE AUTHORIZING THE LEUY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE
AREA NUMBER 5 OF THE VILLAGE OF MOUNT PROSPECT FOR
THE FISCAL YEAR BEGINNING MAY 1, 1984 AND ENDING
APRIL 30,1985
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
THE 4th DAY OF SEPTEMBER, 1984
Published in pamphlet form
by authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
4th day of September, 19,84
RDINANCE NO. ~
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR THE
MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA NUMBER 5 OF THE VILLAGE
OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING MAY .1, 1984 AND
ENDING APRIL 30, 1985.
NOW, THEREFORE, BE IT ORDAINED BY THE President and Board of
Trustees of the Village of Mount Prospect, Cook County, Illinois.
Section t. That the sum of one million one hundred sixty eight thousand
nine hundred fifteen dollars ($1,168,915), the same being th~ total amount to
be levied of budget appropriations h~retofore made for the municipal purposes
~or the fiscal year beginning May 1, 1984, and ending April 30, 1985, as
approved by the President and Board of Trustee~ O~ ~e 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 1984. 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 Resolution No. 15-84 at
a meeting hereof regularly convened and held in said Village of Mount Prospect,
Illinois, on the 17th day of April, 1984, 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" as follows:
ARTICLE I - From Special Tax Levy
091 Special Service Area No. 5 Debt Service
9569 SSA #5 Principal
9570 SSA #5' Interest
Total Appropriation for Special Service Area
Number Five for Debt Service
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 Debt Service
Amount
Appropriated
$ 150,000
146;838
$ 296;838
Amount
Levied
$ 150,000
75,000
$ 225,000
11,250
$ 236,250
ARTICLE II - From Special Tax Levy
058 Special Service Area No. 5 Construction
9841 SSA #5 Construction Costs
Total Appropriation for Special Service Area
Number Five 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
$1,576,600
$1,576;600
$ 905,500
$ 905,500
27,165
$ 932,665
ARTICLE
I SSA No. 5 Debt Service
II SSA No. 5 Construction
SUMMARY
Amount
Appropriated
296,838
1,576,600
$1,873,438
Amount
To Be Raised
By'Tax Levy
225,000
905,500
.$1,130,500
Total Tax Levy
Including
Loss & Costs
$ 236,250
932,665
$1,168,915
S5
Section 2. That the Village Clerk of the Village of Mount Prospect is
hereby directed to certify a copy of this Ordinance and is hereby authorized
and directed to file a copy of the same with the County Clerk of Cook County,
Illinois, within the time specified by law.
Section 3. 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 remaining parts of
the Ordinance if they had known that such part or parts thereof would be
declared unconstitutional or otherwise invalid.
Section 4. 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:
NAYS:
ABSENT:
PASSED and APPROVED this 4th day of September, 1984o
Village President
ATTEST:
Village Clerk