T4-83 f-b‘ AN ORDINANCE Ordinance No. T4-83
REDUCING THE 1983 TAX LEVY ORDINANCE
WHEREAS, on September 12, 1983 the City Council of the City of Elgin
passed an Ordinance No. T1-83 entitled "Ordinance for the Levy and Assess-
ment of Taxes for the Fiscal Year Beginning January 1, 1983 and Ending
December 31, 1983 of the City of Elgin, Kane and Cook Counties, Illinois
(Tax Levy Ordinance) ; and
WHEREAS, said tax levy ordinance levied upon all taxable property
within the corporate limits of the City of Elgin, subject to taxation for
the year 1983, the total sum of $6,922,017.00 for all purposes of the City
of Elgin; and
WHEREAS, said tax levy ordinance included a levy of $4,638,384.00 for
general corporate purposes; and
WHEREAS, said levy for general corporate purposes includes $4,592,000.00
as the amount to be raised by taxation for general corporate purposes plus
an additional $46,384.00 to cover loss of collection; and
WHEREAS, a portion of the levy of the tax for general corporate purposes
as provided in said tax levy ordinance is unnecessary; and
WHEREAS, the amount necessary to be raised by taxation for general
corporate purposes is $4,343,740.00 plus an additional $43,876.00 to cover
loss of collection.
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 $4,638,384.00
for general corporate purposes for the year 1983 as provided and levied in
the tax levy ordinance T1-83 providing for the general levy upon all taxable
property within the corporate limits of the City of Elgin, subject to taxa-
tion for the year 1983, passed September 12, 1983, a copy of which was filed
with each of said county clerks; said tax shall be abated by reducing said
sum $250,768.00 and extending a tax for general corporate purposes for the
year 1983 in the amount of $4,387,616.00 against all property within the
corporate limits of the City of Elgin, Kane and Cook Counties, and subject
to taxation for the year 1983.
Section 2. That section 1 of the tax levy ordinance T1-83 passed
September 12, 1983 is hereby amended to read as follows: •
a "That there be and there is hereby levied upon all taxable
property within the corporate limits of the City, subject to
taxation for the year 1983, the total sum of $6,671,249.00 for
all purposes of the City of Elgin, mentioned in said budget as
appropriated for the current fiscal year and in the specific
amounts levied for the various pruposes heretofore named being
included herein by being placed in a separate column under the
heading "To Be Raised By Taxation" which appears over the same,
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tax so levied for the current fiscal year of said City for
the Y
the certain appropriations specified herein to be collected from
said tax levy, the total of which has been ascertained as afore-
said and being summarized as follows:"
Section 3. 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 December 31, 1983.
Section 4. 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 19, 1983
Passed: December 19, 1983
Vote: Yeas 6 Nays 0
Recorded:
Published:
Attest:
s/ Marie Yearman
Marie Yearman, City Clerk
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