Ordinance 2013-04 STATE OF ILLINOIS
COUNTY OF KENDALL
FILED e
JAN 2 4 2013
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COUWY CURK
KENDAR COUNT
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UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
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ORDINANCE NO , 2013-04
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2005 - 109
(BRISTOL BAY I PROJECT) AND
APPROVING THE AMENDED SPECIAL TAX ROLL
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Passed by the City Council of the
United City of Yorkville, Kendall County, Illinois
This 8"' day of January, 2013
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Published in pamphlet form by the j
authority of the Mayor and City Council
of the United City of Yorkville, Kendall
County, Illinois on January 17, 2013 .
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Ordinance No. 2013- Oq
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ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2005- 109
(BRISTOL BAY I PROJECT) AND
APPROVING THE AMENDED SPECIAL TAX ROLL
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BE IT ORDAINED BY THE CITY COUNCIL OF THE UNITED CITY OF
YORKVILLE, KENDALL COUNTY, ILLINOIS , AS FOLLOWS :
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Section 1 . It is found and declared by the City Council of the United City of
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Yorkville, Kendall County, Illinois (the "City") , as follows : I
(a) The City Council of the City adopted Ordinance No . 2006- 18 on March
14, 2006 (the "Bond Ordinance") which: (i) provided for the issuance of Special Service Area
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Number 2005 - 109 Special Tax Bonds, Series 2006 (Bristol Bay I Project) (the "Bonds"), of the
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United City of Yorkville, for the purpose of paying for the costs of certain improvements
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benefiting the Special Service Area Number 2005 - 109 (the " Special Service Area") ; and (ii)
provided for the levy of Special Taxes upon all taxable property within the Special Service Area
sufficient to pay the principal of the Bonds for each year at maturity or mandatory sinking fund
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redemption dates and to pay interest and Administrative Expenses of the Special Service Area
for each such year. The Bond Ordinance also authorized the City to abate the taxes levied
pursuant to such Ordinance to the extent the taxes levied exceeded the Special Tax Requirement
(as defined in the Bond Ordinance) as calculated pursuant to the Special Service Area Number
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2005 - 109 Special Tax Roll and Report (the " Special Tax Report") prepared by David Taussig &
Associates , Inc . (the "Consultant") .
(b) Pursuant to the Special Tax Report, the Consultant of the City has j
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determined that the Special Tax Requirement for 2012 for the Bonds is $ 1 , 322 ,041 . 84 and the
2012 Levy for Special Taxes is $ 1 ,322 , 041 . 84 .
Ordinance No. 2013 - 0q
Page 2
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Section 2 . Of the $ 3 ,229 , 330 . 00 of Special Taxes levied for calendar year 2012
pursuant to Section 6 of the Bond Ordinance $ 1 , 907,288 . 16 of such Special Tax is hereby abated
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resulting in a 2012 calendar year levy of $ 1 ,322 ,041 . 84 .
Section 3 . It is the duty of the County Clerk of Kendall County to abate those taxes
as provided in Section 2 of this Ordinance.
Section 4 . The City Council of the City hereby approves the United City of Yorkville
Special Service Area Number 2005 - 109 Administration Report Levy Year 2012 dated November
29, 2012 prepared by David Taussig & Associates, Inc. and the 2012 Amended Special Tax Roll
attached to such report with such changes therein as are deemed necessary by the Mayor and the
City ' s consultant to reflect any changes in final parcel identification numbers .
Section 5 . All ordinances, resolutions and orders or parts of ordinances, resolutions
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and orders in conflict with this ordinance are repealed to the extent of such conflict. The City
Clerk shall cause this Ordinance to be published in pamphlet form . This Ordinance shall be in
full force and effect after passage and publication as provided by law.
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Ordinance No . 2013- O
Page 3
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
day of Jay? k Gl , A.D . 2011
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City Clerk
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ROSE ANN SPEARS _ DIANE TEELING
KEN KOCH JACKIE MILSCHEWSKI
CARLO COLOSIMO MARTY MUNNS
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CHRIS FUNKHOUSER LARRY KOT
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SIGNED by the Mayor this day- of J .4AIUAP t , 2013 .
A, jvwo
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ayor
ATTEST :
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City Clerk
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Published in pamphlet form January , 2013 .
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Ordinance No . 2013-�
Page 4
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