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HomeMy WebLinkAboutT14-25 Ordinance No. T14-25 AN ORDINANCE FOR THE LEVY AND ASSESSMENT OF TAXES FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025 IN AND FOR THE CITY OF ELGIN SPECIAL SERVICE AREA NUMBER NINETEEN BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS: Section 1. Findings: That the City of Elgin Special Service Area Number Nineteen has been created by an ordinance entitled "An Ordinance Establishing Special Service Area Number Nineteen in the City of Elgin" passed and effective on October 8, 2008; that the corporate authorities of the City of Elgin, acting as the governing board of the City of Elgin Special Service Area Number Nineteen are authorized to levy taxes for special services in said special service area. Section 2. That there be and there is hereby levied upon all taxable property within the City of Elgin Special Service Area Number Nineteen, subject to taxation for the year 2025, the sum total of$55,230 for the following purposes. Estimated Receipts From Sources To Be 2026 Other Than Raised By Appropriation Taxation Taxation Debt Services—for payment of $55,230 $547 $54,683 principal and interest Total appropriation $55,230 Total revenues from sources other than Taxation $_0 Amount to be raised by taxation $54,683 Add: 1%for loss of collection 547 Total amount to be raised by taxation for Special Service Area Number Nineteen purposes $55,230 Section 3. The tax levied herein is pursuant to the provision of Article VII, Section 6A and 6L of the Constitution of the State of Illinois and pursuant to 35 ILCS 200/27-5 et. seq., as amended, and to an ordinance establishing City of Elgin Special Service Area Number Nineteen. Section 4. That it is hereby certified to the County Clerk of Kane County, Illinois the sum aforesaid, which total amount City of Elgin Special Service Area Number Nineteen requires to be raised by taxes for the current fiscal year and the City Clerk of the City of Elgin is hereby ordered and directed to file with the County Clerk of the County of Kane on or before the time required by the law a certified copy of this ordinance. Section 5. That this ordinance shall be in full force and effect from and after its passage and approval as provided by law. zee David J. Kap , or Presented: December 17, 2025 Passed: December 17, 2025 Vote: Yeas: 9 Nays: 0 Recorded: December 17, 2025 Published: December 17, 2025 11.16e- A s ,,1 ‘1°<S )477.::::"1 V Kimberly Dews, C. Clerk WAY +140, , t.