HomeMy WebLinkAboutOrd 2968 12/18/1979 RDINANCE NO. 2968
AN ORDINANCE ABATING A PORTION OF THE LEVY FOR TilE
POLICE PENSION FUND, THE FIRE PENSION FUND AND THE IICRF FUND
FOR THE FISCAL YEAR BEGINNING MAY 1, 1979
WHEREAS, the Village of Mount Prospect has determined sources of funding in
lieu of property tax in the area of pensions.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEE~
OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That $27,900 of the money received from the personal property
tax replacement fund is hereby directed to be applied to the appropriation for
Police Pension for the fiscal year beginning May 1, 1979.
SECTION TWO: That $27,900 of the Police Pension Tax Levy is hereby abated
and cancelled from the $318,354 Police Pension Tax levied by Ordinance No. 2936
for the fiscal year beginning May 1, 1979.
SECTION THREE: That the $290,454 balance of the Police Pension Tax levied
by Ordinance No. 2936 remains in full force and effect.
SECTION FOUR: That $37,800 of the money received from the personal property
tax replacement fund is hereby directed to be applied to the appropriation for
Fire Pension for the fiscal year beginning May 1, 1979.
SECTION FIVE: That $37,800 of the Fire Pension Tax Levy is hereby abated
and cancelled from the $420,511 Fire Pension Tax levied by Ordinance No. 2936
for the fiscal year beginning May 1, 1979.
SECTION SIX: That the $382,711 balance of the Fire Pension Tax levied by
Ordinance No. 2936 remains in full force and effect.
SECTION SEVEN: That $24,300 of the money received from the personal
property tax replacement fund is hereby directed to be applied to the
appropriation for IMRF Pension for the fiscal year beginning May 1, 1979.
SECTION EIGHT: That $24,300 of the ~{RF Pension Tax Levy is hereby abated
and cancelled from the $266,650 I~{RF Pension Tax levied by Ordinance No. 2936
for the fiscal year beginning May 1, 1979.
SECTION NINE: That the $242,350 balance of the I]VIR.F Pension Tax levied
by Ordinance No. 2936 remains in full force and effect.
SECTION TEN: That the Village Clerk of the Village of MOunt Prospect is
hereby directed to file a certified copy of this Ordinance with the COunty Clerk
of Cook County.
SECTION ELEVEN: That this Ordinance shall be in full force and effect from and
after its passage, approval and publication in the manner provided by law.
PASSED this 18th day of December , 1979.
AYES: Farley, Floros, Miller, MuraUskis, Wattenberg
N~S~ .... None
AB ~[~ 7~ Richar ds °n
day of , 1979.
Village Clerk
esident