T4-80 Ordinance No. T4-80
AN ORDINANCE
FOR THE LEVY AND ASSESSMENT OF TAXES FOR THE FISCAL YEAR ENDING
DECEMBER 31, 1980 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 Esta-
blishing 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 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 1980, the total sum of $99,192 for the following
purposes:
Estimated
Receipts
From Sources To Be
1980 Other Than Raised By
reb. Appropriation Taxation Taxation
Debt Services-repayment of loan
from City of Elgin for the con-
struction of parking facility $ 213,200 $ 115,000 $ 98,200.
Total Appropriation ` X213-,-200
Total Revenues from Sources
Other Than Taxation $ 115,000
Amount to be raised by Taxation $ 98,200
Add: 1% for Loss of Collection 992
Total Amount to be Raised by
Taxation for Special Service
Area Number Two Purposes $ 99,192
Section 3. The tax levied herein is pursuant to the provisions of
Article VII, Section 6A and 6L of the Constitution of the State of Illinois
and pursuant to Public Act 78-901 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 aforesaid, which total amount City of Elgin Special
Service Area Number Two require' to be raised by taxes for the current fiscal
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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 law a certified copy of this ordinance.
Section 5. That this ordinance shall be in ful\l force and effect from
and after its passage and approval as provided by law.
s/ Richard L. Verbic
Richard L. Verbic, Mayor
Presented: September 10, 1980
Passed: September 10, 1980
Vote: Yeas 7 Nays 0
Recorded:
Published:
Attest:
s/ Marie Yearman
Marie Yearman, City Clerk
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