Ordinance 2013-07 i
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STATE OF ILLINOIS
OOUNTY OF KENDALL
® FILED
FEB 0 1 211113
COUNTY CLERK
NLNDALL COUNTY
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UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
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ORDINANCE NO, 2013-07
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ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2003 - 100
(RAINTREE VILLAGE 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 22"d day of January, 2013
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Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville, Kendall
County, Illinois on January 31 , 2013 .
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Ordinance No. 2013-
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2003- 100
(RAINTREE VILLAGE 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 :
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 :
(a) The City Council of the City adopted Ordinance No . 2003 - 55 on
August 12 , 2003 (the "Bond Ordinance") which : (i) provided for the issuance of
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$ 7, 150 , 000 of Special Service Area Number 2003 - 100 Special Tax Bonds, Series 2003
(Raintree Village Project) (the "Bonds") , of the United City of Yorkville, for the purpose
of paying for the costs of certain improvements benefiting the Special Service Area
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Number 2003 - 100 (the " Special Service Area") ; and (ii) provided for the levy of a
Special Tax upon all taxable property within the Special Service Area sufficient to pay
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the principal of the Bonds for each year at maturity or mandatory sinking fund
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
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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
Tax Roll and Report for the Special Service Area (the Special Tax Roll ) prepared by
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David Taussig & Associates, Inc . (the "Consultant") .
(b) Pursuant to the Special Tax Roll, the Consultant of the City has
determined that the Special Tax Requirement for 2012 for the Bonds is $ 583 , 160 . 00 and
Ordinance No. 2013 - � 1
Page 2
the 2012 Levy for Special Taxes is $ 583 , 160 . 00 (which complies with the Kendall
County tax billing requirement of rounding the per parcel special tax up to the nearest
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even cent on single family property) .
Section 2 . Of the $642, 880 . 00 of Special Taxes levied for calendar year 2012
pursuant to Section 6 of the Bond Ordinance $ 59,720 . 00 of such Special Taxes is hereby abated
resulting in a 2012 calendar year levy of $ 583 , 160 . 00 .
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.
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Section 4 . The City Council of the City hereby approves the United City of Yorkville
Special Service Area Number 2003 - 100 Administration Report Levy Year 2012 dated December
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14, 2012 prepared by David Taussig & Associates, Inc. and the 2012 Amended Special Tax Roll
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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 .
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Section 5 . All ordinances, resolutions and orders or parts of ordinances, resolutions
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. j
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Ordinance No . 2013 - �7
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Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
day of j v-? G( r , A. D . 2013 ,
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City Clerk
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ROSE ANN SPEARS DIANE TEELING _
KEN KOCH � JACKIE MILSCHEWSKI
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CARLO COLOSIMO _ MARTY MUNNS 1
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CHRIS FUNKHOUSER ( LARRY KOT � I
SIGNED by the Mayor this cM day of J4t%JU & .y , 20130
Mayor
ATTEST :
ity Clerk
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Published in pamphlet form January 3 , 2013 .
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Ordinance No . 2013- �7
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