G85-80 Ordinance No. G85-80
AN ORDINANCE
PROVIDING FOR THE ASSESSED VALUATION OF CERTAIN RESIDENTIAL PROPERTIES
IN HISTORIC DISTRICTS OR LANDMARK AREAS
WHEREAS, Public Act 81-1501 provides that certain real property
located in a national historic district or a municipal landmark area
and used for single family residential purposes and constructed prior
to July 1, 1939 for which the zoning classification and use has remained
the same shall have an assessed valuation equal to the assessed valuation
established for such property in 1979 until such time as the zoning
classification or use of such property changes or improvements which
would increase the assessed valuation of such property are added; and
WHEREAS, Public Act 81-1501 further provides that cities, villages,
incorporated towns or home rule municipalities may provide that said Act
shall not apply to and shall not effect the assessment of any assessing
official of and the extension of taxes levied by all taxing districts
against all real property within its corporate limits; and
WHEREAS, the City Council of the City of Elgin finds and determines
that it is in the best interest of the City of Elgin to provide that
said Act shall not apply within the City of Elgin.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS: _
Section 1. That Section 44.1 of Public Act 81-1501 (Ch. 120, par 525.1)
shall not apply to and shall not effect the assessment by any assessing
official of and the extension of taxes levied by all taxing districts
against all real property within the corporate limits of the City of Elgin.
Section 2. That the City Clerk be and is hereby authorized and
directed to cause a certified copy of this ordinance to be filed with the
clerks of the County of Kane and the County of Cook.
Section 3. That this ordinance shall be in full force and effect from
and after its passage in the manner provided by law.
s/ Richard L. Verbic
Richard L. Verbic, Mayor
Presented: December 23, 1980
Passed: December 23, 1980
Vote: Yeas 6 Nays 0
Recorded:
Published:
Attest:
s/ Marie Yearman
Marie Yearman, City Clerk