Ordinance 2013-09 STATE OF ILLINOIS
COUNTY OF, KENDALL,
FILED
FEB 0 1 2013
.COUNTY CIERK
a 'GCp_ KENDA COUNTY
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UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
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ORDINANCE NO, 2013-09
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2004- 104
CENTRAL GRANDE RESERVE AND
APPROVING THE AMENDED SPECIAL TAX ROLL
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Passed by the City Council of the j
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- -t -
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ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2004- 104
CENTRAL GRANDE RESERVE 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
Yorkville, Kendall County, Illinois (the "City"), as follows :
(a) The City Council of the City adopted Ordinance No . 2004-61 on October
26, 2004 (the "Bond Ordinance") which : (i) provided for the issuance of Special Service Area
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Number 2004- 104 Central Grande Reserve Special Tax Bonds, Series 2004 (MPI Grande
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Reserve 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 Number 2004- 104 Central
Grande Reserve (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
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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 levied pursuant to such Ordinance to the
extent the taxes levied exceeded the Special Tax Requirement (as defined in the Bond
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Ordinance) as calculated pursuant to the Special Service Area Number 2004- 104 Special Tax
Roll and Report (the " Special Tax Report") prepared by David Taussig & Associates, Inc. (the
"Consultant") ,
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Ordinance No . 2013 - Oq
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(b) Pursuant to the Special Tax Report, the Consultant of the City has
determined that the Special Tax Requirement for 2012 for the Bonds is $ 912 , 032 . 54 and the
2012 Levy for Special Taxes is $ 912 ,032 . 54 .
Section 2 . Of the $2, 589 , 570 . 00 of Special Taxes levied for calendar year 2012
pursuant to Section 6 of the Bond Ordinance $ 1 ,677, 537 . 46 of such Special Tax is hereby abated
resulting in a 2012 calendar year levy of $ 912, 032 . 54 .
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
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Special Service Area Number 2004- 104 Administration Report Levy Year 2012 dated December
14, 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
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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 j
Cleric 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 -�
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Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
day of n r , A . D . 2013 .
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City Clerk
ROSE ANN SPEARS DIANE TEELING
KEN KOCH � JACKIE MILSCHEWSKI
CARLO COLOSIMO MARTY MUNNS
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CHRIS FUNKIIOUSER LARRY KOT \L
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SIGNED by the Mayor this c�q day of J -4&/utgk , 2013 .
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gayor
ATTEST :
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City Clerk
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Published in pamphlet form January 3 1 , 20139
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Ordinance No . 2013-�
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