T3-87 TELEPHONE 312/695-6500
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richt o Ai 150 DEXTER COURT ELGIN, ILLINOIS 60120-5555
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Certified Mail
Stanley T. Kusper
Cook County Clerk
Room 402
County Building
Chicago, Ill. 60602
Dear Sir:
Attached hereto please find certified copy of Ordinance T2-
87 , a tax levy ordinance for the City of Elgin, Illinois ,
which I would appreciate being placed on file in your office.
If you have any questions regarding this matter, please contact
the undersigned.
Very truly yours,
Marie Yearman
City Clerk
enc.
1
Ordinance No. T3-87
r" AN ORDINANCE
FOR THE LEVY AND ASSESSMENT OF TAXES FOR THE FISCAL
YEAR ENDING DECEMBER 31 , 1987 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 Establishing 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 govern-
ing 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 1987, the total sum of
$29, 152 for the following purposes:
Estimated
Receipts
From Sources To Be
1987 Other Than Raised By
Appropriation Taxation Taxation
Debt Services-repayment of
loan from City of Elgin for
the construction of parking
facility $98.660 $69.800 $28,860
Total Appropriation $98.660
Total Revenues From Sources
Other Than Taxation $69.800
Amount To Be Raised By Taxation $28,860
Add: 1% For Loss of Collection 292
Total Amount To Be Raised By
Taxation For Special Service
Area Number Two Purposes $29, 152
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.
'4.
Section 4. That it is hereby certified to the
County Clerk of Kane County, Illinois, the sum afore-
said, which total amount City of Elgin Special Service
Area Number Two requires to be raised by taxes for the
current fiscal 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 full
force and effect from and after its passage and approval
as provided by law.
s/ George Van De Voorde
George Van De Voorde, Mayor
Presented: August 26 , 1987
Adopted: August 26 , 1987
Vote: Yeas 7 Nays 0
Recorded:
Attest:
s/ Marie Yearman
Marie Yearman, City Clerk
August 19, 1967
MEMORANDUM
TO: Mayor and City Council
FROM: City Manager
SUBJECT: 1987 Special Service Area No. 2 Tax Levy Ordinance
PURPOSE: The purpose of this memorandum is to introduce
the Special Service Area No. 2 Tax Levy Ordinance
T3-1987.
BACKGROUND: The Special Service Area No. 2 tax levy is
to pay a portion of the Spring Street Parking Deck debt
service of $322,625.
For the past several years, the City Council has limited
the property tax levy increase to 4.9% and the present
ordinance continues that procedure with a property tax
levy of $29, 152 or about 9% of the total cost .
RECOMMENDATION: Adoption of Special Service Area No. 2
Tax Levy Ordinance T3-1987.
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Tres J. Coo/ City Manager
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