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City Council Minutes 1986 07-10-86 (public hearing) MINUTES OF THE PUBLIC HEARING OF THE CITY COUNCIL OF THE UNITED CITY OF THE VILLAGE OF YORKVILLE, KENDALL COUNTY, ILLINOIS HELD AT CITY HALL ON JULY 10, 1986, AT 7: 00 P.M., FOR THE PURPOSE OF THE PROPOSED INCREASE IN THE UTILITY TAX RATE FROM THE CURRENT 4% TO THE PROPOSED 5% . Alderman Hayden, Chairman of the Finance Committee called the Public Hearing to order . Present were Mayor Davidson, Clerk Erickson, Alderman Small, Alderman Pfister , Alderman Jennings , Citizens Jerry Groner and Jack McEachern, and members of the Press representing the Kendall County Record and WSPY . Alderman Hayden opened the hearing stating the proposed utility tax increase from 4% to 5% was due to the loss of approximately $30 , 000 per year from revenue sharing, and that this is the only tax that would take effect immediately to relieve the cash flow problems . Mr. Groner spoke of the 1979 referendum where it was voted unanimously to reduce the utility tax. The city council at that time voted to reduce the tax by 1%. He stated that the citizens had asked to have the tax removed not increased . Mr . McEachern of Wayne Circuits in Fox Industrial Park made his statements as a businessman in Yorkville , one who pays a large percentage of the utility tax as well as water rates of the total Yorkville usage . He urged the City Council to be aware that prospective businesses look at the taxes when looking to locate in an area. He also asked that the Sunset provision be attached to any increase , allowing it for only a specified amount of time before it went back to the original rate . Alderman Hayden responded that several cut-backs have already been made , and there didn ' t seem to be any more other than cutting back on personnel . Alderman Radke arrived . Mayor Davidson stated that Plano is now involved in a study to enact a 5% utility tax . They have none to date . He further stated that the utility tax is one tax that can be controlled ourselves. The utility companies are requesting that we hold off until January 1st to coincide with their fiscal year . Alderman Small stated he had assumed that all the surrounding towns already had utility tax imposed on them. Alderman Pfister stated that there will be $ 12-17 , 000 more in real estate taxes to be received , due to the tax structure change . Alderman Jennings stated he feels it is one of the fairest taxes around as you only pay for what you use . He doesn ' t see it as generating the amount of income that would be of help to the situation at hand . He feels the working cash fund should be used until the next budget is there to view. Treasurer Huston arrived . Alderman Hayden then closed the public hearing . CITY CLERK