HomeMy WebLinkAboutT3-05 (2) • Ordinance No. T3-05
AN ORDINANCE
ABATING THE ANNUAL TAX FOR 2004 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 1996A
WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by
Ordinance S 14-96, An Ordinance Providing for the Issuance of$21,640,000 General Obligation
Corporate Purpose Bonds,Series 1996A,of the City of Elgin,Kane and Cook Counties,Illinois,and
Providing for the Levy and Collection of a Direct Annual Tax for the Payment of the Principal of and
Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate a portion of the tax of$1,163,018 for the year 2004 as provided and levied in the
ordinance providing for the issuance of$21,640,000 General Obligation Corporate Purpose Bonds,
Series 1996A,passed December 4, 1996,a copy of which was filed with each of said county clerks;
said tax shall be abated by reducing said sum$888,750 and extending a tax for the year 2004 in the
amount of $274,268 against all taxable property situated in the City of Elgin, Kane and Cook
Counties, Illinois.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties,Illinois,on or before April 13,2005.
Section 3. That this ordinance shall be in full force and effect from and after its passage in
the manner provided by law.
s/Ed Schock
Ed Schock,Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
Ordinance No. T4-05
AN ORDINANCE
ABATING THE ANNUAL TAX FOR 2004 FOR GENERAL OBLIGATION
CORPORATE PURPOSE BONDS, SERIES 1997A
WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by
Ordinance S8-97, An Ordinance Providing for the Issuance of $4,860,000 General Obligation
Corporate Purpose Bonds,Series 1997A,of the City of Elgin,Kane and Cook Counties,Illinois,and
Providing for the Levy and Collection of a Direct Annual Tax for the Payment of the Principal of and
Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate the tax of$282,821 for the year 2004 as provided and levied in the ordinance
providing for the issuance of$4,860,000 Corporate Purpose Bonds, Series 1997A,passed May 14,
1997, a copy of which was filed with each of said county clerks.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties,Illinois,on or before April 13,2005.
Section 3. That this ordinance shall be in full force and effect from and after its passage in
the manner provided by law.
s/Ed Schock
Ed Schock, Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
•
Ordinance No. T5-05
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2004 FOR
GENERAL OBLIGATION REFUNDING BONDS, SERIES 1998B
WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax
levied by Ordinance S4-98, An Ordinance Providing for the Issuance of $40,775,000 General
Obligation Corporate Refunding Bonds, Series 1998B, of the City of Elgin, Kane and Cook
Counties,Illinois,and Providing for the Levy and Collection of a Direct Annual Tax for the Payment
of the Principal of and Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate a portion of the tax of$5,714,240 for the year 2004 as provided and levied in the
ordinance providing for the issuance of $40,775,000 General Obligation Corporate Refunding
Bonds, Series 1998B, passed April 8, 1998, a copy of which was filed with each of said county
clerks; said tax shall be abated by reducing said sum $2,569,414 and extending a tax for the year
2004 in the amount of$3,144,826 against all taxable property situated in the City of Elgin,Kane and
Cook Counties, Illinois.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties,Illinois,on or before April 13,2005.
Section 3. That this ordinance shall be in full force and effect from and after its passage in
the manner provided by law.
s/Ed Schock
Ed Schock, Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
Ordinance No. T6-05
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2004 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 1999
WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax
levied by Ordinance S4-99, an Ordinance providing for the issuance of $9,750,000 General
Obligation Corporate Purpose Bonds, Series 1999, of the City of Elgin, Kane and Cook Counties,
Illinois, and providing for the Levy and Collection of a Direct Annual Tax for the payment of the
Principal of and Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate the tax of$381,136 for the year 2004 as provided and levied in the ordinance
providing for the issuance of$9,750,000 General Obligation Corporate Purpose Bonds,Series 1999,
passed May 12, 1999, a copy of which was filed with each of said county clerks.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties,Illinois,on or before April 13,2005.
Section 3. That this ordinance shall be in full force and effect from and after its passage in
the manner provided by law.
s/Ed Schock
Ed Schock, Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
I
Ordinance No. T7-05
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2004 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2000
WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax
levied by Ordinance S2-00, an Ordinance providing for the issuance of $24,810,000 General
Obligation Corporate Purpose Bonds, Series 2000, of the City of Elgin, Kane and Cook Counties,
Illinois, and providing for the Levy and Collection of a Direct Annual Tax for the payment of the
Principal of and Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate a portion of the tax of$1,715,363 for the year 2004 as provided and levied in the
ordinance providing for the issuance of$24,810,000 General Obligation Corporate Purpose Bonds,
Series 2000,passed April 26,2000, a copy of which was filed with each of said county clerks,said
tax shall be abated by reducing said sum $1,589,563 and extending a tax for the year 2004 in the
amount of $125,800 against all taxable property situated in the City of Elgin, Kane and Cook
Counties, Illinois.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties,Illinois,on or before April 13,2005.
Section 3. That this ordinance shall be in full force and effect from and after its passage in
the manner provided by law.
s/Ed Schock
Ed Schock, Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/ Dolonna Mecum
Dolonna Mecum, City Clerk
Ordinance No. T8-05
AN ORDINANCE
ABATING THE ANNUAL TAX FOR 2004 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2001A
WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by
Ordinance S4-01, an Ordinance providing for the issuance of $5,525,000 General Obligation
Refunding Bonds, Series 2001A, of the City of Elgin, Kane and Cook Counties, Illinois, and
providing for the Levy and Collection of a Direct Annual Tax for the payment of the Principal of and
Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate the tax of$558,156 for the year 2004 as provided and levied in the ordinance
providing for the issuance of$5,525,000 General Obligation Refunding Bonds,Series 2001A,passed
April 25, 2001, a copy of which was filed with each of said county clerks.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties,Illinois,on or before April 13,2005.
Section 3. That this ordinance shall be in full force and effect from and after its passage in
the manner provided by law.
s/Ed Schock
Ed Schock, Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
•
Ordinance No. T9-05
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2004 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2001B
WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax
levied by Ordinance S5-01, an Ordinance providing for the issuance of $13,715,000 General
Obligation Refunding Bonds,Series 2001B,of the City of Elgin,Kane and Cook Counties,Illinois,
and providing for the Levy and Collection of a Direct Annual Tax for the payment of the Principal of
and Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section'1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate a portion of the tax of$1,436,495 for the year 2004 as provided and levied in the
ordinance providing for the issuance of$13,715,000 General Obligation Refunding Bonds, Series
2001B, passed April 25, 2001, a copy of which was filed with each of said county clerks, said tax
shall be abated by reducing said sum$947,845 and extending a tax for the year 2004 in the amount
of$488,650 against all taxable property situated in the City of Elgin, Kane and Cook Counties,
Illinois.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties,Illinois,on or before April 13,2005.
Section 3. That this ordinance shall be in full force and effect from and after its passage
in the manner provided by law.
s/Ed Schock
Ed Schock, Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
Ordinance No. T10-05
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2004 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2002
WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax
levied by Ordinance S 10-02, an Ordinance providing for the issuance of $8,775,000 General
Obligation Corporate Purpose Bonds, Series 2002,of the City of Elgin, Kane and Cook Counties,
Illinois, and providing for the Levy and Collection of a Direct Annual Tax for the payment of the
Principal of and Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate a portion of the tax of$722,242 for the year 2004 as provided and levied in the
ordinance providing for the issuance of$8,775,000 General Obligation Corporate Purpose Bonds,
Series 2002,passed April 24,2002, a copy of which was filed with each of said county clerks,said
tax shall be abated by reducing said sum $283,350 and extending a tax for the year 2004 in the
amount of $438,892 against all taxable property situated in the City of Elgin, Kane and Cook
Counties, Illinois.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties,Illinois,on or before April 13,2005.
Section 3. That this ordinance shall be in full force and effect from and after its passage in
the manner provided by law.
s/Ed Schock
Ed Schock, Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
f
Ordinance No. T 11-05
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2004 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2003
WHEREAS, the City of Elgin will have sufficient funds on hand to pay a portion of the tax
levied by Ordinance S1-03, an Ordinance providing for the issuance of $15,625,000 General
Obligation Refunding Bonds, Series 2003, of the City of Elgin, Kane and Cook Counties,Illinois,
and providing for the Levy and Collection of a Direct Annual Tax for the payment of the Principal of
and Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate a portion of the tax of$686,800 for the year 2004 as provided and levied in the
ordinance providing for the issuance of$15,625,000 General Obligation Refunding Bonds, Series
2003,passed January 22,2003, a copy of which was filed with each of said county clerks; said tax
shall be abated by reducing said sum$565,394 and extending a tax for the year 2004 in the amount
of$121,406 against all taxable property situated in the City of Elgin, Kane and Cook Counties,
Illinois.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties,Illinois,on or before April 13,2005.
Section 3. That this ordinance shall be in full force and effect from and after its passage in
the manner provided by law.
s/Ed Schock
Ed Schock, Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
•
Ordinance No. T12-05
AN ORDINANCE
ABATING THE ANNUAL TAX FOR 2004 FOR GENERAL OBLIGATION
CORPORATE PURPOSE BONDS, SERIES 2003A
WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by
Ordinance S6-03, An Ordinance Providing for the Issuance of $3,700,000 General Obligation
Corporate Purpose Bonds,Series 2003A,of the City of Elgin,Kane and Cook Counties,Illinois,and
Providing for the Levy and Collection of a Direct Annual Tax for the Payment of the Principal of and
Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate the tax of$267,134 for the year 2004 as provided and levied in the ordinance
providing for the issuance of $3,700,000 General Obligation Corporate Purpose Bonds, Series
2003A, passed April 23, 2003, a copy of which was filed with each of said county clerks.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties, Illinois, prior to April 13, 2005.
Section 3. That this ordinance shall be in full force and effect from and after its passage
in the manner provided by law.
s/Ed Schock
Ed Schock,Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published:
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
t
Ordinance No. T13-05
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2004 FOR
GENERAL OBLIGATION REFUNDING BONDS, SERIES 2004A
WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax
levied by Ordinance S4-98, An Ordinance Providing for the Issuance of $11,860,000 General
Obligation Corporate Purpose Bonds,Series 2004A,of the City of Elgin,Kane and Cook Counties,
Illinois, and Providing for the Levy and Collection of a Direct Annual Tax for the Payment of the
Principal of and Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate a portion of the tax of$780,275 for the year 2004 as provided and levied in the
ordinance providing for the issuance of$11,760,000 General Obligation Corporate Purpose Bonds,
Series 2004A,passed April 14,2004,a copy of which was filed with each of said county clerks;said
tax shall be abated by reducing said sum $493,750 and extending a tax for the year 2004 in the
amount of$286,525 against all taxable property situated in the City of Elgin, Kane and Cook
Counties, Illinois.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties,Illinois,on or before April 13,2005.
Section 3. That this ordinance shall be in full force and effect from and after its passage in
the manner provided by law.
s/Ed Schock
Ed Schock, Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
Ordinance No. Tl4-05
AN ORDINANCE
ABATING THE ANNUAL TAX FOR 2004 FOR GENERAL OBLIGATION
CORPORATE PURPOSE BONDS, SERIES 2004B
WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by
Ordinance S13-04, An Ordinance Providing for the Issuance of$5,435,000 General Obligation
Refunding Bonds, Series 2004B, of the City of Elgin, Kane and Cook Counties, Illinois, and
Providing for the Levy and Collection of a Direct Annual Tax for the Payment of the Principal of and
Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate the tax of$548,362 for the year 2004 as provided and levied in the ordinance
providing for the issuance of$5,435,000 General Obligation Refunding Bonds,Series 2004B,passed
April 14, 2004, a copy of which was filed with each of said county clerks.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties, Illinois,prior to April 13, 2004.
Section 3. That this ordinance shall be in full force and effect from and after its passage
in the manner provided by law.
s/Ed Schock
Ed Schock, Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
Ordinance No. T15-05
AN ORDINANCE
ABATING THE ANNUAL TAX FOR 2004 FOR GENERAL OBLIGATION
CORPORATE PURPOSE BONDS, SERIES 2005A
WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by
Ordinance S3-05, An Ordinance Providing for the Issuance of$11,365,000 General Obligation
Refunding Bonds, Series 2005A, of the City of Elgin, Kane and Cook Counties, Illinois, and
Providing for the Levy and Collection of a Direct Annual Tax for the Payment of the Principal of and
Interest on said Bonds; and
WHEREAS,the levy of the tax for the year 2004 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties,are hereby authorized and
directed to abate the tax of$667,044 for the year 2004 as provided and levied in the ordinance
providing for the issuance of$11,365,000 General Obligation Refunding Bonds, Series 2005A,
passed January 12, 2005, a copy of which was filed with each of said county clerks.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties, Illinois,prior to April 13, 2005.
Section 3. That this ordinance shall be in full force and effect from and after its passage
in the manner provided by law.
s/Ed Schock
Ed Schock, Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk
I
r
Ordinance No. T 16-05
AN ORDINANCE
REGARDING ABATING A PORTION OF THE ANNUAL TAX FOR 2004 FOR
CORPORATE PURPOSE BONDS
WHEREAS,the City Council has adopted Ordinance Nos.T3-05,T7-05,T8-05,T9-05 and
T 10-05 providing for abating a portion of the annual tax for 2004 for corporate purpose bonds for the
series bonds referred to in such ordinances; and
WHEREAS, depending upon the 2004 assessed valuation figures and the state multiplier it
may be necessary to further adjust the amounts of the abatement and resulting tax levy in Section 1
of such ordinances in order to arrive at a 2004 tax rate for the City of Elgin not to exceed$1.9299 per
$100.00 of assessed valuation.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN,ILLINOIS:
Section 1. That the city's Fiscal Services Director be and is hereby authorized and directed
that upon receipt of 2004 assessed valuation figures and the state multiplier to adjust,to the extent
reasonably practicable, the amount of the abatement and resulting tax levy in the Section 1 of
Ordinance Nos.T3-05,T7-05,T8-05,T9-05 and T 10-05 so as to attempt to arrive at a 2004 tax rate
for the City of Elgin not to exceed $1.9299 per $100 of assessed valuation. The city's Fiscal
Services Manager shall make such adjustments, if any, prior to the filing of a certified copy of
Ordinance Nos.T3-05,T7-05,T8-05,T9-05 and T10-05 with the County Clerks of Kane and Cook
Counties, Illinois,whereupon the amount of the abatement and tax levy in Section 1 of Ordinance
Nos. T3-05, T7-05, T8-05, T9-05 and T10-05 shall be deemed final.
Section 2. That this ordinance shall be in full force and effect from and after its passage in
the manner provided by law.
s/Ed Schock
Ed Schock, Mayor
Presented: March 23, 2005
Passed: March 23, 2005
Vote: Yeas: 6 Nays: 0
Recorded: March 24, 2005
Published: March 24, 2005
Attest:
s/Dolonna Mecum
Dolonna Mecum, City Clerk