T8-86 Ordinance No. T8-86
AN ORDINANCE
AMENDING THE 1986 TAX LEVY ORDINANCE
WHEREAS, on August 25, 1986 the City Council of the City of Elgin passed an
Ordinance No. T4-86 entitled "Ordinance for the Levy of Assessment of Taxes for the
Fiscal Year Beginning January I, 1986 and Ending December 31, 1986 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 1986, the total sum
of $8,540,733 for all purposes of the City of Elgin; and
WHEREAS, said tax levy ordinance included a levy of $272,727 for Public Benefit -
Special Corporate Purposes; and
WHEREAS, said levy for Public Benefit - Special Corporate Purposes included
$270,000 as the amount to be raised by taxation for Public Benefit - Special Corporate
Purposes plus an additional $2,727 to cover loss of collection; and
WHEREAS, a portion of the levy of the tax for Public Benefit - Special Corporate
Purposes as provided in said tax levy ordinance is unnecessary; and
WHEREAS, the amount necessary to be raised by taxation for Public Benefit -
Special Corporate Purposes is $267,000 plus an additional $2,697 to cover loss of
collection.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS;
Section I. That the County Clerks of Kane and Cook Counties, are hereby
authorized and directed to abate a portion of the tax of $272,727 for Public Benefit -
Special Corporate Purposes for the year 1986 as provided and levied in the tax levy
ordinance T4-86 providing for the general levy upon all taxable property within the
corporate limits of the City of Elgin, subject to taxation for the year 1986, passed
August 25, 1986, a copy of which was filed with each of said County Clerks; said tax shall
be abated by reducing said sum $3,030 and extending a tax for Public Benefit - Special
Corporate Purposes for the year 1986 in the amount of $269,697 against all property
within the corporate limits of the City of Elgin, Kane and Cook Counties, and subject to
taxation for the year 1986.
Section 2. That Section I of the tax levy ordinance T4-86 passed August 25, 1986 is
hereby amended to read as follows:
"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 1986, the total
sum of $8,537,703 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 purposes heretofore named being included herein by
being placed in a separate column under the heading "To Be Raised By Taxa-
tion" which appears over the same, the tax so levied for the current fiscal
year of said City for the certain appropriations specified herein to be collected
from said tax levy, the total of which has been ascertained as aforesaid 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, 1986.
Section 4. That this ordinance shall be in full force and effect from and after its
passage in the manner provided by law.
s/ George Van De Voorde
Mayor Pro Tem
Presented: December 22 , 1986
Passed: December 22 , 1986
Vote: Yeas 6 Nays 0
Recorded:
Published:
Attest:
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s/Marge Yearman
Marie Yearman, City Clerk
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