HomeMy WebLinkAboutT39-07 Ordinance No. T39-07
AN ORDINANCE
FOR THE LEVY AND ASSESSMENT OF TAXES FOR THE FISCAL
YEAR ENDING DECEMBER 31, 2007 IN AND FOR THE CITY OF
ELGIN SPECIAL SERVICE AREA NUMBER TWO
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 Two has been
created by an ordinance entitled"An Ordinance Establishing Special Service Area Number Two in
the City of Elgin"passed and effective on September 7, 1977; that the corporate authorities of the
City of Elgin,acting as the governing board of the City of Elgin Special Service Area Number Two
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 Two, subject to taxation for the year 2007, the sum total of
$73,150 for the following purposes.
Estimated
Receipts
From Sources To Be
rik 2008 Other Than Raised By
Appropriation Taxation Taxation
Debt Services - repayment of
Loan from City of Elgin for the
construction of parking facility $154,640 $78,650 $75,990
Total appropriation $154,640
Total revenues from sources
other than Taxation $78,650
Amount to be raised by taxation $75,990
Add: 1% for loss of collection 760
Total amount to be raised by taxation for
Special Service Area Number Two purposes $76,750
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 Two.
Section 4. That it is hereby certified to the County Clerk of Kane County,Illinois the sum
r aforesaid,which total amount City of Elgin Special Service Area Number Two requires to be raised
by taxes for the current fiscal year and the City Clerk of the City of Elgin is hereby ordered and
rii- 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.
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Ed Schock, Mayor
Presented: December 19, 2007
Passed: December 19, 2007
Vote: Yeas: 7 Nays: 0
Recorded: December 20, 2007
Published: December 20, 2007
Attest:
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Diane Robertson, City Clerk
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