HomeMy WebLinkAboutOrd 5394 12/16/2003ORDINANCE NO. 5394
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, 2003 AND ENDING DECEMBER 31, 2003
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 16th day of December, 2003
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois,
the 17th day of December, 2003.
ORDINANCE NO. 5394
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, 2003 AND ENDING DECEMBER 31, 2003
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:
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 2003 the sum of $37,775 for principal and
interest payments.
That as of December 1, 2003 there has been collected, deposited to and on hand in the
Article I - Unlimited Tax Bond and Interest Fund the sum of $4,991 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 $37,775 levied for Unlimited Tax Bond and Interest payments of Special
Service Area Number 6 of this Village, pursuant to Village Ordinance No. 3950 adopted on June 21,
1988 be and the same is hereby abated in the amount of $4,991 leaving a balance of $32,784 as that
amount levied for such bond and interest payment purposes for the fiscal year commencing
January 1, 2003 and ending December 31, 2003.
Section Three: It is hereby declared and determined by the President and Board of Trustees of the
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 of the Village of Mount Prospect is hereby authorized and directed
to file a certified copy of this Ordinance with the County Clerk o£Cook County, Illinois within the
time specified by law.
ection 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 16th day of December, 2003.
ATTEST:
Gerald L. Farley, Village/Pre~