T7-85 "` Ordinance No. T 7-85
AN ORDINANCE
ABATING THE LEVY AND ASSESSMENT OF TAXES FOR THE FISCAL YEAR ENDING
DECEMBER 31, 1985 IN AND FOR THE CITY OF ELGIN
SPECIAL SERVICE AREA NUMBER FOUR
WHEREAS, on January 14, 1985 the City Council of the City of Elgin, acting as the
governing board of Elgin Special Service Area Number Four, passed Ordinance No. SI-85,
An Ordinance Providing for the Issue of $1,500,000 Unlimited Ad Valorem Tax Bonds of
Special Service Area Number Four of the City of Elgin, Kane and Cook Counties, Illinois,
and the Levy of a Direct Annual Tax Sufficient to Pay the Principal and Interest on said
Bonds; and
WHEREAS, a portion of the levy of the tax for the year 1985 provided in the ordi-
nance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section I. That the County Clerk of Kane County, is hereby authorized and
directed to abate a portion of the tax of $398,750 for the year 1985 as provided and
levied in the ordinance passed January 14, 1985, a copy of which was filed with said
county clerk; said tax shall be abated by reducing said sum $25,670 and extending a tax
for the year 1985 in the amount of $373,080 against all taxable property situated in the
ellik City of Elgin Special Service Area Number Four.
Section 2. That the City Clerk is authorized and directed to file a certified copy
of this ordinance with the County Clerk of Kane County, Illinois, prior to December 31,
1985.
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, 1985
Passed: December 23, 1985
Vote: Yeas 7 Nays 0
Recorded:
Published:
Attest:
s/ Marie Yearman
Marie Yearman, City Clerk
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